TransCanada Closes Sale of Cancarb Limited

NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: TRANSCANADA 
TSX SYMBOL:  TRP
NYSE SYMBOL:  TRP 
APRIL 15, 2014 
TransCanada Closes Sale of Cancarb Limited 
CALGARY, ALBERTA--(Marketwired - April 15, 2014) - TransCanada Corporation
(TSX:TRP) (NYSE:TRP) (TransCanada) has closed the sale of Cancarb Limited
(Cancarb) and its related power generation facility to Tokai Carbon Co., Ltd.
for aggregate gross proceeds of $190 million plus customary post-closing
adjustments. The agreement to sell Cancarb was initially announced on January
20, 2014. TransCanada expects to realize a gain of approximately $95 million
net of tax in its second quarter 2014 results. 
Proceeds from the sale of Cancarb will help fund TransCanada's capital
growth plan, which includes $38 billion in commercially secured projects
expected to be completed by the end of the decade. These projects are supported
by strong market fundamentals and underpinned by long-term contracts or the
revenue stability of cost-of-service regulation.  
For more information about Cancarb, visit the company's website:
http://www.cancarb.com/index.html 
Tokai Carbon Co., Ltd., headquartered in Tokyo, Japan, is an established
international supplier of furnace carbon black and other carbon ceramic-related
products. The company is listed on the Tokyo Stock Exchange and has affiliates
in China, Korea, Thailand, the United States, Germany, Italy, Sweden and the
United Kingdom. The company operates five plants in three countries (Japan,
China and Thailand) that produce furnace carbon black, with combined annual
capacity over 500,000 metric tonnes. 
About TransCanada 
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",
"believe", "may", "will", "should",
"estimate", "intend" 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 plans and financial
outlook. All forward-looking statements reflect TransCanada's beliefs and
assumptions based on information available at the time the statements were made
and as such are not guarantees of future performance. Readers are cautioned not
to place undue reliance on this forward-looking information, which is given as
of the date it is expressed in this news release, and not to use
future-oriented information or financial outlooks for anything other than their
intended purpose. 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 2013 Annual Report dated February 19, 2014 available on our
website at www.transcanada.com or filed under TransCanada's profile on
SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at
www.sec.gov. 
-30-
FOR FURTHER INFORMATION PLEASE CONTACT: 
TransCanada Media Enquiries:
Shawn Howard/Davis Sheremata
403.920.7859 or 800.608.7859
or
TransCanada Investor & Analyst Enquiries:
David Moneta/Lee Evans
403.920.7911 or 800.361.6522
www.transcanada.com 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  NWS 
-0-
-0- Apr/15/2014 21:24 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.