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April 21, 2015 14:31 ET

Prince Rupert Gas Transmission Announces Project Agreement With Gitanyow First Nation

TERRACE, BRITISH COLUMBIA--(Marketwired - April 21, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP)

Prince Rupert Gas Transmission Ltd. (PRGT) has confirmed a Project Agreement with the Gitanyow First Nation of northern B.C. that provides the Gitanyow First Nation with benefits related to the PRGT pipeline project, and which confirms Gitanyow First Nation support for the Project.

Pipeline Project Agreements are part of a comprehensive approach to working with First Nations on liquefied natural gas (LNG) opportunities, including developing skills training and involving First Nations in developing business opportunities.

Dean Patry, president of Prince Rupert Gas Transmission Ltd. stated, "We are very pleased to have concluded this Project Agreement with Gitanyow First Nation. This agreement is an important milestone for us, and reflects our commitment to engage with First Nations in a meaningful way. We strongly believe that ongoing collaboration is the only way to build and keep a positive relationship as we move this project forward."

PRGT is proposing to design, build, own and operate a 900 km natural gas pipeline to deliver natural gas from a point near Hudson's Hope to the proposed Pacific NorthWest LNG facility at Lelu Island, off the coast of Port Edward, near Prince Rupert.

With more than 60 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 68,000 kilometres (42,100 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with more than 368 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 10,900 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest oil delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. For more information visit: www.transcanada.com or check us out on Twitter @TransCanada or http://blog.transcanada.com.

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