TransCanada Adds Two More Solar Power Facilities

TransCanada Adds Two More Solar Power Facilities 
TORONTO, ONTARIO -- (Marketwired) -- 10/02/13 -- TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it has
acquired two additional Ontario solar power facilities from Canadian
Solar Solutions Inc. - the Brockville 2 and Burritts Rapids projects.
This deal follows the previously announced purchase of Brockville 1
as part of an agreement made in 2011 to acquire nine solar power
facilities from Canadian Solar Solutions.  
The combined capacity of the nine projects is 86 megawatts (MW) at a
total cost of approximately $470 million. All nine projects have
20-year power purchase agreements with the Ontario Power Authority.  
"This agreement further demonstrates our commitment to increasing the
supply and availability of clean, renewable energy," said Russ
Girling, TransCanada's president and chief executive officer. "While
our portfolio of solar, wind and other emission-less energy sources
has expanded in recent years, we also recognize the U.S. Energy
Information Administration predicts North America will continue to
rely on natural gas and other fossil fuels for decades to come."   
Girling adds that TransCanada's business relationship with Canadian
Solar allows the company to continue to expand its energy capacity in
Ontario and will add to a diverse power generating portfolio where a
third of the power we own, or have interests in, comes from
emission-less or renewable energy sources.  
To date, the company has invested over $5 billion in emission-less
energy sources including the largest wind farm in New England and
thirteen hydro power facilities in New Hampshire, Massachusetts and
Vermont, as well as solar projects and Canada's largest wind farm
development in Quebec. TransCanada is a partner in Bruce Power,
Canada's first private nuclear generator that currently produces
6,200 MW of emission-free electricity in Ontario. TransCanada also
specializes in building highly efficient natural gas-fired power
plants that are helping North America's transition to a less
carbon-intensive electricity supply mix.  
TransCanada anticipates the remaining six solar projects will come
into service by the end of 2014. They will complement TransCanada's
existing operations in Ontario where it has become the largest
independent power producer in the province.  
Founded in 2001 in Canada, Canadian Solar Inc. is one of the world's
largest and foremost solar power companies. As a leading vertically
integrated provider of solar modules, specialized solar products and
solar power plants with operations in North America, South America,
Europe, Africa, the Middle East, Australia and Asia, Canadian Solar
has delivered more than 5 GW of premium quality solar modules to
customers in over 70 countries. Canadian Solar is committed to
improve the environment and dedicated to provide advanced solar
energy products, solutions and services to enable sustainable
development around the world. For more information, please visit
www.canadiansolar.com. 
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
 
 
Press spacebar to pause and continue. Press esc to stop.