TransCanada to Host U.S. Open Houses for Proposed Keystone Pipeline

CALGARY, Alberta – March 15, 2006 – TransCanada Corporation (TransCanada) will host a series of open house meetings in March and April to provide stakeholders along portions of the proposed corridor of the Keystone Pipeline with information and updates about the crude oil pipeline project and to solicit feedback. The Keystone Pipeline would transport reliable North American oil supplies to help meet rising North American demand for energy.

Open house meetings will be concentrated in areas new to the project, including southern South Dakota, eastern Nebraska, northeastern Kansas, and western Missouri. Additional open house meetings will be held in North Dakota, Missouri and Illinois.

At the meetings landowners, public officials and other affected stakeholders will be able to obtain information on topics such as the need for the Keystone Pipeline, detailed information on routing, environmental assessments, pipeline easements, pipeline design, construction activities and schedules, land restoration, public consultation efforts, and pipeline operations and safety. The public is welcome to drop by the open houses to learn more about the project from members of the Keystone project team and to provide feedback.

TransCanada has also begun to meet with potentially affected landowners and landowners adjacent to the proposed pipeline route on an individual basis.

This is the second round of open house meetings TransCanada has held on the Keystone Pipeline project and is intended to complement meetings held in November 2005. Input from landowners and communities along the proposed route, together with feedback from customers, has played a significant role in refinements to the proposed route. This round of open house meetings will enable local stakeholders to review the changes that have been made and provide further input, as well as introduce stakeholders along new route segments to TransCanada and the Keystone project.

In response to interest from customers, TransCanada is also considering the possible extension of the Keystone project south through Kansas to Cushing, Oklahoma. Open houses along this contemplated extension are planned for later this year.

The proposed 1,830-mile, US$2.1 billion Keystone Pipeline would have an initial capacity of approximately 435,000 barrels of oil per day from an oil supply-hub near Hardisty, Alberta to markets at Wood River and Patoka, Illinois. The project will require the construction of nearly 1,070 miles of new pipe along the U.S. portion of the proposed route. In Canada, Keystone would require the conversion of 530 miles of existing TransCanada pipeline from natural gas to crude oil in Alberta, Saskatchewan and Manitoba, as well as the construction of 230 miles of new pipe.

Public and stakeholder consultation and detailed environmental assessments and field studies along with engineering work will continue throughout 2006. Major regulatory applications are currently being prepared for submission. Construction would start in 2008, with commercial operations expected to begin by the fourth quarter of 2009.

To view a map of the proposed pipeline route and obtain other information about the Keystone Pipeline, please visit the project web page at www.transcanada.com/keystone. The Keystone Pipeline toll-free number is 1-866-717-7473.

Open House Details

Keystone Pipeline Open Houses for landowners and the general public will be held from 4:00 to 7:30 p.m. In addition, members of the media are invited to join community leaders for a preview presentation beginning at 3:00 p.m.

Open Houses will be held in the following communities:

North Dakota

Kansas

Monday, March 27 - Michigan, ND
Michigan Civic Center
113 Broadway N
Michigan, ND 58259
(Across the street from the water tower.)


Tuesday, March 28 - Lisbon, ND
Lisbon High School Commons Room
P.O. Box 593
502 Ash Street
Lisbon, ND 58054

 

Thursday, April 6 - Seneca, KS
Seneca Community Center
1500 Community Drive
Seneca, KS 66538

South Dakota

Missouri

Wednesday, March 29 - Alexandria, SD
Alexandria Auditorium
511 Main Street
Alexandria, SD 57311
(Next to the Post Office on Main Street)


Thursday, March 30 - Yankton, SD
Minerva Convention Center at the
Best Western Kelly Inn
1607 East Highway 50
Yankton, SD 57078

Monday, April 10 - Faucett, MO
Mid-Buchanan R5 School District
3221 SE State Route H
Faucett, MO 64448


Tuesday, April 11 - Carrollton, MO
Rupe Community Center
710 Harvest Hills Road
Carrollton, MO 64633
(Behind the Fire Station)


Wednesday, April 12 – Troy, MO
VFW Hall #8828
444 Highway J
Troy, MO 63379

 

Nebraska

Illinois

Monday, April 3 - Stanton, NE
VFW
1106 Veteran's Avenue
Stanton, NE 68779


Tuesday, April 4 - Seward, NE
Seward Civic Center - East Basement
616 Bradford Street
Seward, NE 68434


Wednesday, April 5 - Odell, NE
Odell Community Building
202 Main Street
Odell, NE 68415

Thursday, April 13 – Collinsville, IL
Gateway Center
1 Gateway Drive
Collinsville, IL 62234
(Highway 157 & Eastport Plaza Drive)

TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure. TransCanada’s network of more than 25,600 miles (41,000 kilometres) of pipeline transports the majority of Western Canada’s natural gas production to key Canadian and U.S. markets. A growing independent power producer, TransCanada owns, or has interests in, approximately 6,700 megawatts of power generation in Canada and the United States. TransCanada’s common shares trade on the Toronto and New York stock exchanges under the symbol TRP.

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For further information, please contact:

Media Inquiries:

TransCanada
Jennifer Varey
(403) 920-7859 or Toll Free (800) 608-7859

Investor & Analyst Inquiries:

David Moneta/Myles Dougan
(403) 920-7911