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NEB DECISION TRIGGERS MAJOR CANADIAN ECONOMIC BENEFITS

 NEB DECISION TRIGGERS MAJOR CANADIAN ECONOMIC BENEFITS
 CALGARY, Alberta, Nov. 13 /PRNewswire/ -- The approval by the National Energy Board (NEB) of $501 million in new facilities to be constructed on the TransCanada PipeLines (NYSE: TRP, Toronto, Montreal, Vancouver, Calgary: TRP) gas transmission system in 1993-94 will trigger $1.31 billion in Canadian economic activity, the company said today. The work will create 1,570 direct temporary jobs and 400 person-years of employment.
 In a decision released yesterday, the board approved the construction of 366 kilometers of pipeline loop and an additional 42.8 megawatts of compression. Most of the newly-approved facilities will be constructed in 1993, with the remainder completed in 1994. The expansion will increase the transportation capacity of the pipeline by 217.5 million cubic feet per day. Customers in Canada account for 43 percent of the additional gas demand, with U.S. exports accounting for 57 percent. By comparison, TransCanada's average daily gas receipts in 1992 will reach 5.09 billion cubic feet and this week the pipeline achieved a record day of 6.2 Bcf.
 "We are delighted that the National Energy Board has responded favorably to expansion plans which are driven by gas consumers in Canada and the U.S.," said TransCanada Chairman and Chief Executive Officer Gerald J. Maier. "However, the economic importance of this decision, and of TransCanada's continuing expansion goes far beyond a single company and its customers.
 "The natural gas transportation expansion, which began in 1989, is having a dramatic impact on Canadian economic growth and jobs at a critical time. And the benefits will be permanent, especially for gas producers. This approval forms part of a much bigger expansion picture," Maier said. "Strong consumer demand for natural gas as an economically competitive and environmentally preferred fuel continues to create opportunities for Canadian producers, marketers, pipeline and distribution companies."
 Total economic activity from 1989 to the end of 1994 triggered by pipeline expansion will reach $4.26 billion in direct investment, $11.3 billion in economic activity, 12,690 temporary construction jobs and nearly 3,500 person-years of work.
 In addition to construction benefits, Western Canadian gas producers will see their annual natural gas revenues grow by $1 billion, which will create a ripple effect of $3.29 billion per year in permanent Canadian economic activity.
 TRANSCANADA PIPELINES LTD.
 Summary of Expansion Benefits
 1989 to 1994
 ($000's)
 ALTA SASK MAN
 Capital expenditures
 1989-1992 $982 $790,628 $646,356
 New facilities
 approved Nov. 1992 --- $112,737 $79,352
 Previously approved
 -- To be built 1993 --- --- $26,158
 Total to 1994 $982 $903,365 $751,866
 Jobs during peak
 construction period 10 2,640 2,230
 Person-years 0.7 683.7 570.5
 Kilometers built 0.6 723.3 536.9
 ONT QUE CANADA
 TOTAL
 Capital expenditures
 1989-1992 $2,160,861 $26,670 $3,625,498
 New facilities
 approved Nov. 1992 $309,093 --- $501,182
 Previously approved
 -- to be built 1993 $100,312 $14,774 $141,244
 Total to 1994 $2,570,266 $41,444 $4,267,924
 Jobs during peak
 construction period 7,680 130 12,690
 Person-years 1,972.7 32.1 3,259.7
 Kilometers built 1,720.2 66.4 3,047.4
 -0- 11/13/92
 /CONTACT: Frank Dabbs of TransCanada PipeLines, 403-267-8525/
 (TRP) CO: TransCanada PipeLines Ltd. ST: Alberta IN: OIL SU:


BP -- LA015 -- 0713 11/13/92 12:57 EST
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Date:Nov 13, 1992
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