TransCanada receives FERC approval to construct Leach XPress and Rayne XPress projects

TransCanada Corporation (TransCanada) today announced today the Federal Energy Regulatory Commission (FERC) has issued an order approving the construction of the Leach XPress and Rayne XPress projects. The combined $1.8 billion investments will provide additional outlets to transport domestic, clean burning natural gas from the Marcellus and Utica production areas to higher-value Midwest and Gulf Coast markets.

The approximately $1.4 billion investment in Leach XPress will enable the safe transport of approximately 1.5 billion cubic feet per day (Bcf/d) of natural gas from the Marcellus and Utica supply basin to homes, businesses and industries. The 160-mile greenfield project crosses the northern panhandle of West Virginia and then traverses southeastern Ohio.

Rayne XPress primarily involves the construction of two new compressor stations along TransCanada's existing Columbia Gulf system and is designed to create an additional 1.0 Bcf/d of capacity to efficiently transport Marcellus and Utica production to markets in the Gulf Coast region and beyond.

The approximately $1.4 billion investment in Leach XPress will enable the safe transport of approximately 1.5 billion cubic feet per day (Bcf/d) of natural gas from the Marcellus and Utica supply basin to homes, businesses and industries. The 160-mile greenfield project crosses the northern panhandle of West Virginia and then traverses southeastern Ohio.

Rayne XPress primarily involves the construction of two new compressor stations along TransCanada's existing Columbia Gulf system and is designed to create an additional 1.0 Bcf/d of capacity to efficiently transport Marcellus and Utica production to markets in the Gulf Coast region and beyond.

Both projects are underpinned by long-term, fixed-fee, firm transportation service agreements.