11:34 AM EST - TransCanada Corp. : announced that it has been advised by the Ontario Power Authority or OPA of a 20-year Clean Energy Supply Contract to build, own and operate the 900-megawatt Oakville Generating Station or OGS in Oakville, Ontario. Further, TransCanada noted that it expects to invest about $1.2 billion in the natural gas fired combined cycle plant which is scheduled to commence producing power by 2013 end. TransCanada said that about 600 construction jobs will be created during the construction period of about 28 months. Additionally, approximately 25 permanent jobs will be created. TransCanada Corp.
shares T.TRP are trading down $0.05 at $33.15.
