TransCanada Closes Sale of Cancarb Limited

TransCanada Closes Sale of Cancarb Limited 
CALGARY, ALBERTA -- (Marketwired) -- 04/15/14 --  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. 
Contacts:
TransCanada Media Enquiries:
Shawn Howard/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
 
 
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