TransCanada Corporation, operating one of the largest natural gas pipeline systems in North America, announced that the National Energy Board has authorized the company to go ahead with the King's North Connection project, part of a $500 million pipeline and facility expansion within the Eastern Triangle of the Canadian system.

"We are pleased that the NEB has approved our application for the King's North Connection project. The approval of the application will allow TransCanada to move forward with this important facilities expansion, which will provide our customers with the flexibility to source growing supplies of Marcellus gas from the U.S. Northeast," said Russ Girling, TransCanada's president and chief executive officer.