Maine's Land Use Regulation Commission Recommends Approval of TransCanada's Kibby Wind Power Project

CALGARY, ALBERTA, Jan 15 (MARKET WIRE) --
TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) today
announced that Maine's Land Use Regulation Commission (LURC) voted
unanimously to direct their staff to prepare a decision document
approving the zoning change and preliminary development plan sought by
TransCanada for the 132 megawatt (MW) Kibby Wind Power Project in Kibby
and Skinner Townships in northwestern Franklin County.

TransCanada presented its testimony to LURC in October 2007 based on two
years of studying the environmental and engineering characteristics of
the project and communicating with local communities, state agencies and
stakeholders. The project team has worked closely with Maine's
environmental community since project inception and gained their support
by minimizing impacts to wildlife and habitat by conducting detailed
studies, relocating turbines and reducing the project's size.

"We are very pleased that LURC recognizes the benefits of this project,"
says Hal Kvisle, TransCanada president and chief executive officer. "Our
team put a lot of effort into site selection, environmental review and
working with the community and stakeholders to minimize any potential
adverse impacts."

The Kibby Wind Power Project would support Maine's twin goals of energy
independence and greenhouse gas reduction, while helping to stabilize
regional electricity costs. The completed project would also contribute
to Franklin County's economic development and would be a significant
contributor to nearby communities.

Construction of the 44, three-megawatt turbines and the associated
infrastructure would cost approximately US $270 million and employ up to
250 people for 12 to 18 months during the construction period. Operation
and maintenance of the facility would employ approximately 10 to 12
people on a permanent basis.

TransCanada looks forward to the final zoning change and project approval
and expects to commission the project in 2009/2010. Before construction
can proceed, certain other approvals are required including US Army Corps
of Engineers approval, and the final design permit from LURC.

To obtain more information, please visit
www.transcanada.com/kibbywindpower.

About TransCanada

With more than 50 years experience, TransCanada is a leader in the
responsible development and reliable operation of North American energy
infrastructure including natural gas pipelines, power generation, gas
storage facilities, and projects related to oil pipelines and LNG
facilities. TransCanada's network of wholly owned pipelines extends more
than 59,000 kilometres (36,500 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 approximately
360 billion cubic feet of storage capacity. A growing independent power
producer, TransCanada owns, or has interests in, approximately 7,700
megawatts of power generation in Canada and the United States.
TransCanada's common shares trade on the Toronto and New York stock
exchanges under the symbol TRP.

FORWARD-LOOKING INFORMATION

This news release may contain certain information that is forward-looking
and is subject to important risks and uncertainties. The words
"anticipate", "expect", "may", "should", "estimate", "project",
"outlook", "forecast" or other similar words are used to identify such
forward looking information. All forward-looking statements are based on
TransCanada's beliefs and assumptions based on information available at
the time such statements were made. The results or events predicted in
this information may differ from actual results or events. Factors which
could cause actual results or events to differ materially from current
expectations include, among other things, the ability of TransCanada to
successfully implement its strategic initiatives and whether such
strategic initiatives will yield the expected benefits, the availability
and price of energy commodities, regulatory decisions, changes in
environmental and other laws and regulations, competitive factors in the
pipeline and energy industry sectors, construction and completion of
capital projects, access to capital markets, interest and currency
exchange rates, technological developments and the current economic
conditions in North America. By its nature, such forward-looking
information is subject to various risks and uncertainties which could
cause TransCanada's actual results and experience to differ materially
from the anticipated results or other expectations expressed. For
additional information on these and other factors, see the reports filed
by TransCanada with Canadian securities regulators and with the U.S.
Securities and Exchange Commission. 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 or otherwise, and
TransCanada undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new information,
future events or otherwise, except as required by law.

Contacts:
TransCanada
Media Inquiries
Cecily Dobson/Shela Shapiro
(403) 920-7859 or (800) 608-7859

Investor & Analyst Inquiries
David Moneta/Myles Dougan/Terry Hook
(403) 920-7911 or (800) 361-6522
Website: www.transcanada.com

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