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Transcanada Awarded Contract To Build Us$550 Million Natural Gas

The following excerpt is from the company's SEC filing.

Tula - Villa de Reyes Pipeline in Mexico

MEXICO CITY, Mexico and CALGARY, Alberta, Canada -

- News Release -TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced that it has been chosen to build, own and operate the Tula - Villa de Reyes pipeline in Mexico. Construction of the pipeline is supported by a 25-year natural gas transportation service contract for 886 million cubic feet a day with the Comisión Federal de Electricidad (CFE), Mexico’s state-owned power company.

"The Tula - Villa de Reyes Pipeline complements our existing pipeline network in Me xico and furthers our strategy of owning and operating highly contracted and regulated assets that generate stable and predictable earnings and cash flow streams,” said Russ Girling, TransCanada’s president and chief executive officer.

TransCanada expects to invest approximately US$550 million in the 36-inch diameter, 420-kilometre (261-mile) pipeline and anticipates an in-service date of early 2018. The pipeline will begin in Tula in the state of Hidalgo, and terminate in Villa de Reyes, in the state of San Luis Potosí, transporting natural gas to power generation facilities in the Central region of the country. The project will interconnect with TransCanada’s Tamazunchale and Tuxpan - Tula pipelines as well as with other transporters in the region.

The Tula - Villa de Reyes Pipeline is the most recent addition to TransCanada’s expanding portfolio in Mexico. TransCanada was awarded the Tuxpan - Tula...


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