TransCanada Donates $250,000 of Industrial Equipment and Support for Hurricane Sandy Flood Relief Efforts

Thu Nov 8, 2012 11:20am EST

* Reuters is not responsible for the content in this press release.

  NEW YORK, NEW YORK, Nov 08 (MARKET WIRE) --
TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced
today that it is donating up to $250,000 in equipment and cash to help
New York speed up recovery efforts following Hurricane Sandy.

    TransCanada has an active presence in the New York region where the
company operates the Ravenswood Power Facility in Long Island City, NY.
Under normal operating conditions, Ravenswood is capable of producing up
to 25 percent of the daily electricity that is consumed in New York City.
In the days following Hurricane Sandy and with the damage to other
electrical facilities, TransCanada's Ravenswood facility provided up to
50 percent of the available power to the New York City electrical grid. 

    "New York City is an important part of TransCanada's power business and
while our employees and personnel came through this storm safely, many of
our friends and neighbors experienced great loss," said Russ Girling,
president and chief executive officer, TransCanada. "We have already
moved supplies and industrial equipment from Louisiana and the U.S.
Northeast to draw down water in public housing located on Coney Island
and to provide power on Staten Island."

    The equipment includes large and medium-capacity pumps, generators, hoses
and discharge equipment. TransCanada generators were delivered to New
York City Emergency Management officials on Staten Island and will be
used by homeowners who continue to be without any source of power.
TransCanada pumps were delivered to the New York City Housing Authority
(NYCHA) on Coney Island. The specific housing sites using these pumps on
Coney Island are Coney Island Houses, Surfside, and O'Dwyer Gardens.

    "Over the past week, thousands of people from around the City and across
the country have stepped forward to help New Yorkers whose lives have
been turned upside down by Hurricane Sandy," said Mayor Michael
Bloomberg. "TransCanada stepped forward very early to help our recovery
efforts - just as a good neighbor would do. We are grateful for the
support we've received from generous individuals and corporate citizens,
who are pitching in to help our City recover from this devastating
storm."

    At the same time, TransCanada will be donating $100,000 to the Mayor's
Fund to Advance New York City for the City's emergency response needs and
long-term restoration efforts. This non-profit organization is dedicated
to innovative public-private partnerships and programs for the City of
New York. For more information on this important initiative and the
ongoing hurricane relief efforts, please go to: www.nyc.gov/html/fund.

    TransCanada will continue to monitor the effects of Sandy and any other
potential storms that may impact the East Coast to determine what
additional help for New Yorkers is needed.

    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 approximately 380-billion cubic feet of storage
capacity. A growing independent power producer, TransCanada owns or has
interests in more than 10,900 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.

Contacts:
TransCanada
Media Enquiries:
Shawn Howard/Grady Semmens
403.920.7859 or 800.608.7859

TransCanada
Investor & Analyst Enquiries:
David Moneta/Terry Hook/Lee Evans
403.920.7911 or 800.361.6522
www.transcanada.com

Copyright 2012, Market Wire, All rights reserved.

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