TransCanada has been in Manitoba for six decades as an employer and a Manitoba Hydro industrial rate payer. Like the Keystone Pipeline, Energy East will create jobs and other economic benefits in Manitoba and we will be a reliable customer and partner paying fair market rates for the electricity we use. These rates will not be subsidized by Manitobans, nor will TransCanada receive preferential treatment from Manitoba Hydro or the province. In fact we are paying 100 percent of the capital cost for the transmission lines connecting our pump stations.
Just like other industrial users in the province, TransCanada pays a fair bulk rate for the power it uses in Manitoba.
Energy East will be no different.
To power our pipeline’s pump stations – which are critical to moving the oil we all need every day – we see a great opportunity in using hydroelectricity generated in places like Manitoba because that means fewer greenhouse gas emissions, and support for the local economy. Each pump station will be built at the cost of approximately $50 million and would have a peak requirement of 150 megawatts of power. That’s less than 3 percent of Manitoba Hydro’s current total capacity.
Above and beyond the profits Manitoba Hydro will generate, Energy East will create a host of significant economic benefits for Manitoba. The project will support the equivalent of more than 530 full-time direct and spin-off jobs during planning and construction of the pipeline. In addition to creating and sustaining jobs in the province, during construction and the first 20 years of operation, the project will generate more than $300 million in new revenues for the provincial and municipal governments to build roads, schools and hospitals and invest in other priorities that will enhance our communities. Manitoba’s GDP will also grow by more than $1.7 billion during that same period, thanks to Energy East.
Ever since we first started talking about Energy East more than two years ago, TransCanada has been going to great lengths to share information about the project. In Manitoba we have held 12 community open house events, and engaged in frank conversations with hundreds of land owners, stakeholders, First Nations leaders, and elected officials. We are very proud of our long-standing relationship in Manitoba and look forward to continue working with all our partners and the communities in this province for years to come.