TransCanada Issues Statement on NEB Decision on Canadian Mainline Restructuring Proposal

TransCanada Corporation

today responded to the National Energy Board (NEB) decision on TransCanada's 2012-2013 restructuring proposal for tolls and service on the Canadian Mainline. The NEB decision was released this afternoon following a lengthy public hearing that concluded last December.After an initial review of the 257-page decision, which was based on thousands of pages of testimony, the company provided the following statement:"The National Energy Board has approved some of TransCanada's proposals related to Mainline tolls and has denied a number of the fundamental concepts we put forward to improve competitiveness and recover costs. The board has also introduced several new elements that were not part of our application, including fixing tolls outside the timeframe applied for. This is a long and complex decision and we will need time to complete a full analysis before we can comment any further on how this decision will impact TransCanada."The NEB's Reasons for Decision RH-003-2011 is available online at http://www.neb-one.gc.ca/The Canadian Mainline is an important piece of North America's natural gas network, connecting the gas fields of the Western Canada Sedimentary Basin (WCSB) to the high-population markets of Ontario and Quebec. Usage of