TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) released
further details today that highlight the thousands of jobs Keystone
XL would create for Americans.
The $7 billion oil pipeline is the largest infrastructure
project on the books in the U.S. right now. It would create 20,000
jobs: 13,000 in construction, 7,000 in manufacturing.
-- Construction of the 1,600 mile pipeline is broken down into 17 U.S.
pipeline spreads or segments, with 500 workers per spread - that's 8,500
jobs
-- Keystone XL also needs 30 pump stations worth tens of millions of
dollars. Each station requires 100 workers - that's 3,000 jobs. Add
another 600 jobs that would be needed for the six construction camps and
tank construction at Cushing, Oklahoma
-- A project of such magnitude needs construction, management and
inspection oversight - that would create 1,000 jobs, bringing the
overall Keystone XL total to 13,000 direct, on-site jobs.
A typical union-based pipeline spread/segment for Keystone XL
would employ Americans in the following positions:
----------------------------------------------------------------------------
Keystone XL - Jobs per pipeline spread/segment
----------------------------------------------------------------------------
Quality Control 16 Laborer Premium 5
----------------------------------------------------------------------------
Environmental 1 Welding Foreman 2
Coordinator
----------------------------------------------------------------------------
R.O.W. 1 Welder Premium 29
Coordinator
----------------------------------------------------------------------------
Safety 4 Welder backend 16
Coordinator
----------------------------------------------------------------------------
Engineer 1 Journeyman 8
----------------------------------------------------------------------------
Foreman 24 Graded Helper 9
----------------------------------------------------------------------------
Office Manager 2 Welder Helper 66
----------------------------------------------------------------------------
Purchasing Agent 2 Teamster semi 24
----------------------------------------------------------------------------
Operator 152 Teamster regular 23
----------------------------------------------------------------------------
Oiler 28 Mechanic 16
----------------------------------------------------------------------------
Straw Boss 27 Security 2
----------------------------------------------------------------------------
Laborer 111 Timekeeper/clerk 1
----------------------------------------------------------------------------
Project Manager 1 Superintendent 2
----------------------------------------------------------------------------
Assistant Superintendent 2
----------------------------------------------------------------------------
TOTAL: 561
----------------------------------------------------------------------------
"These are new, real U.S. jobs. Thirteen thousand Americans
would be put to work constructing our Keystone XL project," said
Russ Girling, TransCanada's president and chief executive officer.
"Seven thousand more jobs would be created in the U.S.
manufacturing sector, making the materials needed to build Keystone
XL."
Keystone XL would require hundreds of millions of dollars worth
of materials and related services for items such as the steel pipe,
the thousands of fittings, hundreds of large valves, fabrication of
piping assemblies and structural steel for supports, and thousands
of other pieces of equipment used to build such things as
transformers for pumping stations, meters to measure the amount of
oil delivered, large electric motors for operating pumps and
cabling and electrical equipment to connect our vast pipeline
monitoring systems.
TransCanada alone has contracts with over 50 suppliers across
the U.S.. Manufacturing locations for our equipment include: Texas,
Missouri, Pennsylvania, Michigan, Oklahoma, South Carolina,
Indiana, Georgia, Maryland, New York, Louisiana, Oklahoma,
Minnesota, Ohio, Arkansas, Kansas, California and Pennsylvania.
Construction of Keystone XL is expected to create 7000
manufacturing jobs. Key support companies include: Welspun (pipe
from Arkansas), Cameron (valves from Louisiana), Siemens (pumps,
motors and related control equipment manufactured in Oregon, Ohio
and Indiana) and dozens of other companies manufacturing everything
from nuts and bolts to complex electrical control equipment.
The pipeline construction contractors must also procure hundreds
of millions dollars worth of equipment and materials. Hundreds of
jobs will be created through requirements for fuel, coating
materials, welding supplies, concrete materials, geo-textile
materials, pipeline weights, native seed materials for reclamation,
cathodic protection materials, crushed rock, sediment barrier
materials, valve and pigging assemblies, field trailer
manufacturing, construction mats, power facility materials,
aggregate manufacturing, road construction materials, water and
waste facility manufacturing, fencing materials, communication
infrastructure, bridge construction materials and many others.
As Keystone XL supports oil sands development, the impact on
jobs in America becomes even more pronounced. The Canadian Energy
Research Institute (CERI) predicts a $521 billion increase in the
U.S. gross domestic product and the creation of 465,000 U.S. jobs.
For every two oil sands jobs created in Canada, one job will be
created in the U.S. Every State will benefit from this
development.
At least 1000 American companies supply goods and services to
Canadian oil sands and pipeline companies - Berg Steel Pipe in
Houston, Siemens Energy from California and the Michelin plant in
Greenville, South Carolina are just three examples.
The $6 billion Keystone pipeline that has safely delivered over
160 million barrels of oil to the U.S. Midwest since the summer of
2010 created 9,000 construction jobs and thousands more
manufacturing jobs.
Keystone XL has the capacity to deliver 830,000 barrels of oil
per day to U.S. refineries in Cushing, Oklahoma and the Gulf of
Mexico. Up to 25 per cent of that capacity has been provided for
the delivery of U.S. domestic oil from the Bakken fields in Montana
and North Dakota and oil from Cushing. Long-term, binding contracts
for more than 150,000 barrels per day from the Bakken fields and
Cushing have already been signed. This supports the desire in the
United States to ultimately achieve domestic energy security.
"The fundamental issue here is that the U.S. imports 10 million
barrels of oil each day - forecasts predict that will not change
for decades. So the question is where will that oil come from? Will
it come from U.S. and Canadian sources or will it continue to be
higher priced conflict oil from the Middle East and Venezuela -
regions that do not share American values," concluded Girling.
With more than 60 years experience, TransCanada is a leader in
the responsible development and reliable operation of North
American energy infrastructure including natural gas and oil
pipelines, power generation and gas storage facilities.
TransCanada's network of wholly owned natural gas pipelines extends
more than 57,000 kilometres (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 billion cubic feet of storage
capacity. A growing independent power producer, TransCanada owns or
has interests in over 10,800 megawatts of power generation in
Canada and the United States. TransCanada is developing one of
North America's largest oil delivery systems. TransCanada's common
shares trade on the Toronto and New York stock exchanges under the
symbol TRP. For more information visit: www.transcanada.com or
check us out on Twitter @TransCanada.
FORWARD LOOKING INFORMATION This publication contains certain
information that is forward-looking and is subject to important
risks and uncertainties (such statements are usually accompanied by
words such as "anticipate", "expect", "would" or other similar
words). Forward-looking statements in this document are intended to
provide TransCanada security holders and potential investors with
information regarding TransCanada and its subsidiaries, including
management's assessment of TransCanada's and its subsidiaries'
future financial and operation plans and outlook. All
forward-looking statements reflect TransCanada's beliefs and
assumptions based on information available at the time the
statements were made. Readers are cautioned not to place undue
reliance on this forward-looking information. TransCanada
undertakes no obligation to update or revise any forward-looking
information except as required by law. For additional information
on the assumptions made, and the risks and uncertainties which
could cause actual results to differ from the anticipated results,
refer to TransCanada's Management's Discussion and Analysis dated
February 14, 2011 under TransCanada's profile on SEDAR at
www.sedar.com and other reports filed by TransCanada with Canadian
securities regulators and with the U.S. Securities and Exchange
Commission.
Contacts: TransCanada Corporation Media Enquiries: Terry
Cunha/Shawn Howard 403.920.7859 or 800.608.7859 TransCanada
Corporation Investor & Analyst Enquiries: David Moneta/Terry
Hook/Lee Evans 403.920.7911 or 800.361.6522
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