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Press release from Marketwire

TransCanada to Hold News Conference to Discuss Energy East Pipeline Project

Thursday, August 01, 2013

TransCanada to Hold News Conference to Discuss Energy East Pipeline Project

07:10 EDT Thursday, August 01, 2013

CALGARY, ALBERTA--(Marketwired - Aug. 1, 2013) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) is pleased to announce it is moving forward with the 1.1 million barrel per day (bbl/d) Energy East Pipeline project based on binding, long-term contracts received from producers and refiners. The conclusion of the successful open season confirmed strong market support for a pipeline with approximately 900,000 bbl/d of firm, long term contracts to transport crude oil from Western Canada to Eastern Canadian refineries and export terminals.

TransCanada's president and chief executive officer, Russ Girling and TransCanada's president of energy and oil pipelines, Alex Pourbaix will host a news conference this morning to discuss the proposed Energy East project. For media not in attendance, web conferencing will be available for the event with an opportunity for media to ask questions over the phone. Please see details below. John Van der Put, vice president of eastern oil pipeline projects and Philippe Cannon, project spokesperson will also be available by phone to answer questions for French-speaking media during the conference and will be available directly afterward in Montréal for follow up interviews.

Date: Thursday, August 1, 2013
Time: 9:30 a.m. (MDT)
Location: Room 214, TransCanada Tower (+15 level, access via escalators)
450 - 1 Street SW, Calgary
Who: Russ Girling
President and chief executive officer, TransCanada
Alex Pourbaix
President, Energy and Oil Pipelines, TransCanada
Dial-In: To access the live webcast of the news conference visit:
http://www.gowebcasting.com/4488
Dial-in for audio feed: 416-695-7806 or 1-888-789-9572
Pass code: 1372070
Other: Audio-visual equipment is located on-site and a media feed will be available for those in attendance

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's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. For more information visit: http://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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
TransCanada
Media Enquiries:
Shawn Howard/Grady Semmens/Philippe Cannon (Montreal)
403.920.7859 or 800.608.7859


TransCanada
Investor & Analyst Enquiries:
David Moneta/Lee Evans
403.920.7911 or 800.361.6522

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