TransCanada Completes Mexican Pipeline

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TransCanada Corporation completed the US$360 million Guadalajara Pipeline on June 20, 2011. The entire capacity of the 192-mile, 30-inch-diameter pipeline is held under a 25-year contract with Comisión Federal de Electricidad (CFE), Mexico’s state owned electric company.
  “The Guadalajara pipeline represents key infrastructure that will allow CFE to continue developing natural gas-fired electricity generation in the rapidly growing central region of Mexico,” said Russ Girling, TransCanada president and chief executive officer. “We are very pleased to be part of this overall development plan.”
  “Completion of the Guadalajara pipeline represents another milestone in TransCanada’s ongoing capital program,” Girling continued. “Guadalajara is TransCanada’s second pipeline investment in Mexico and highlights our ability to complete pipeline projects in the country which positions us well for future opportunities.”
  The Guadalajara pipeline connects to an LNG regasification facility located near Manzanillo, in the state of Colima. It has a capacity to transport 500 MMcf/d of natural gas to a nearby CFE owned power plant and 320 MMcf/d to the Pemex owned national pipeline system near Guadalajara, in the state of Jalisco.
  TransCanada has put into service seven other major projects in the last year. The Keystone Pipeline System Phases I & II are delivering oil; the Groundbirch and Bison natural gas pipelines are transporting natural gas to market; Maine’s largest wind project – Kibby Wind – became fully operational in late October; and the Halton Hills generating station in Ontario and Coolidge generating station in Arizona have begun producing power. TransCanada’s network of wholly owned natural gas pipelines extends more than 35,500 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 approximately 380 Bcf of storage capacity.