TransCanada Announces Redemption of Series U Preferred Shares

TransCanada Announces Redemption of Series U Preferred Shares 
CALGARY, ALBERTA -- (Marketwired) -- 09/13/13 -- TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that
TransCanada PipeLines Limited (the "Company") authorized the
redemption of all the Company's four million outstanding 5.60 per
cent Cumulative Redeemable First Preferred Shares Series U (Series U
Shares) on October 15, 2013. The Series U Shares will be redeemed at
a price of $50 per share plus $0.5907 representing accrued and unpaid
dividends to such redemption date. The total face value of the
outstanding Series U Shares is $200 million and they carry an
aggregate of $11.2 million in annualized dividends.  
The redemption of the Series U Shares will be administered by
Computershare Trust Company of Canada. The Series U Shares trade on
the Toronto Stock Exchange under the symbol TCA.Pr.X. 
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 operates a network
of natural gas pipelines that extends more than 68,500 kilometres
(42,500 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 more than 400
billion cubic feet of storage capacity. A growing independent power
producer, TransCanada owns or has interests in over 11,800 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 or
http://blog.transcanada.com.  
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", "will" 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 Quarterly Report to Shareholders dated July 26, 2013
and 2012 Annual Report filed under TransCanada's profile on SEDAR at
www.sedar.com and with the U.S. Securities and Exchange Commission at
www.sec.gov and available on TransCanada's website at
www.transcanada.com.
Contacts:
TransCanada
Media Enquiries:
Shawn Howard/Grady Semmens/Davis Sheremata
403.920.7859 or 800.608.7859 
TransCanada
Investor & Analyst Enquiries:
David Moneta/Lee Evans
403.920.7911 or 800.361.6522
www.transcanada.com