TransCanada Applies for
Keystone XL Presidential Permit

January 26, 2017

TransCanada announced today it has
submitted a Presidential Permit application to
the U.S. Department of State for approval of the
Keystone XL (KXL) Pipeline.
"This privately funded infrastructure project
will help meet America’s growing energy
needs as well as create tens of thousands of
well-paying jobs and generate substantial
economic benefit throughout the U.S. and
Canada," said Russ Girling, TransCanada's
president and chief executive officer. “KXL will
strengthen the United States’ energy security
and remains in the national interest. The
project is an important new piece of modern
U.S. infrastructure that secures access to an
abundant energy resource produced by a
neighbor that shares a commitment to a clean
and healthy environment. Numerous studies
have shown that pipelines are a safer and more
environmentally sound way to transport oil to
market than trains and KXL raises the bar on
both fronts, ” concluded Girling.
Enhanced standards and the utilization of the
most advanced technology will help ensure
KXL will be built and operated to uphold our
fundamental commitment to safety and the
communities we serve. Independent forecasts
by the U.S. Department of State estimate that
KXL will support tens of thousands of direct
and indirect jobs and associated income during
construction and contribute approximately $3.4
Billion to U.S. GDP. TransCanada employees
live in 38 states where the company operates
in across the U.S. The company is committed
to working productively with all stakeholders
and tribal leaders as this project moves
forward. KXL will benefit American workers,
their families and the communities they live in
as well as the U.S. economy. During
construction, in Nebraska, South Dakota and
Montana alone, KXL will generate hundreds of
millions of dollars in employee earnings as
well as tens of millions of dollars annually in
local tax revenues providing much needed funds for community schools, hospitals, first responders and roads. With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 90,300 kilometres (56,100 miles), tapping into virtually all major gas supply basins in North America. TransCanada is the continent's leading provider of gas storage and related services with 664 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in over 10,700 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America’s leading liquids pipeline systems that extend over 4,300 kilometres (2,700 miles), connecting growing continental oil supplies to key markets and refineries. 
Reported by TransCanada News Updates:

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