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TransCanada Corp
Symbol TRP
Shares Issued 708,563,077
Close 2014-10-30 C$ 55.21
Market Cap C$ 39,119,767,481
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TransCanada's Energy East wins Northern Ontario support

2014-10-31 15:14 ET - News Release

Subject: TransCanada's Energy East Project Enters Next Phase TransCanada's Energy East Project Enters Next Phase
Marketwired
 
 
The Federation of Northern Ontario Municipalities
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October 31, 2014
TransCanada's Energy East Project Enters Next Phase
KAPUSKASING, ONTARIO--(Marketwired - Oct. 31, 2014) - The Federation of Northern Ontario Municipalities (FONOM) is pleased that TransCanada Corporation has submitted the Energy East project application to the National Energy Board (NEB). This major milestone in the development of the Energy East Pipeline demonstrates a significant step in the regulatory approval process.

TransCanada has engaged in considerable consultation with stakeholders and has demonstrated that the highest standard of protection for lands and waterways across the north will be undertaken. Through a balanced approached, recognizing the benefits as well as the risks associated with this project, FONOM has participated within the consultation process in a number of formats including community sessions, stakeholder meetings and written submissions.

"Our membership, which consists of 110 municipalities across the northeast passed a resolution in support of Energy East at our Annual General Meeting," says Al Spacek, Mayor of Kapuskasing and President of FONOM. "Transporting oil by pipeline has shown to be significantly safer than other modes of transportation."

To ensure northern voices continue to be heard, FONOM will be seeking intervenor status in the National Energy Board's hearings on TransCanada's Energy East pipeline later this year.

CONTACT INFORMATION:
Mayor Al Spacek
President of FONOM
705-335- 0001
INDUSTRY: Energy and Utilities - Oil and Gas

Suite 900, 25 York Street, Toronto, ON M5J 2V5 | Toll Free:888-299-0338 | Phone: 416-362-0885 | info@marketwired.com


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