MONTRÉAL, QUÉBEC–(Marketwired – Feb. 23, 2016) – – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today it has expanded its 60-year presence in Québec with a larger corporate provincial office located in Montréal. This new office will be home to over 40 employees from different disciplines working on the Energy East Pipeline Project and other businesses on behalf of the company.
With continued strength of our existing pipeline and power assets in the province and the need for more locally-based expertise to work closely with Québecers on our proposed Energy East project, a new location was needed for the company’s Québec employees, said Louis Bergeron, Energy East’s vice president for Québec and New Brunswick.
“Since I began my new role I’ve worked to ensure Energy East has an expanded provincial presence with more Québecers involved directly in the development of the project,” said Bergeron. “The expansion of our office is a testament to our commitment to have more people on the ground here – listening to people and addressing their concerns with respect and understanding.”
Employees at the new office will also support TransCanada’s existing businesses in Québec, where TransCanada employees have been living and working since the late 1950’s managing the Trans Québec & Maritimes Pipeline, and wind and natural-gas fired power generation facilities that heat the homes of Québecers and businesses. TransCanada already employs more than 200 people working on these existing and proposed assets.
“We’re committed to maximizing the economic benefits for Québec and this office is a clear statement that TransCanada will create even more opportunities for local businesses as we develop and operate the Energy East pipeline,” added Bergeron. “Opportunities above and beyond the 140 people already working on Energy East in the province and the $115 million in contracts we’ve signed with more than 250 Québec suppliers and businesses.”
This announcement follows a project update in early February that highlighted TransCanada signing a major agreement with an international electronics firm that would see the firm deliver a number of multi-million dollar electrical houses to secure safe, reliable and energy efficient power distribution for pump stations along the Energy East Pipeline. The agreement will create up to 120 jobs in Québec and a further 90 spin-off jobs outside of the greater Montréal area.
As the Conference Board of Canada concluded, the $15.7 billion Energy East project will create over 3,000 jobs each year in Québec during the nine years of planning and construction for the pipeline, along with $972 million in tax revenue for the province. When the pipeline goes into service, total tax revenues for Québec will be $1.2 billion for the first 20 years of its operation.
Please go to our Energy East websites to read about project benefits and our commitment to safety.
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 67,000 kilometres (42,000 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 368 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 13,100 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America’s largest liquids delivery systems. TransCanada’s common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit TransCanada.com and our blog to learn more, or connect with us on social media and 3BL Media.