TransCanada Issues Comment on Market Activity: 'Firmly Believes in Current Corporate Form...'

TransCanada Corporation(NYSE: TRP) (TransCanada) today released the following statement inacknowledgement of significant trading activity in TransCanada's commonshares.Statement:"TransCanada firmly believes its current corporate form, asset base andfinancial strength provide critical underpinning to execute the company'sindustry-leading $38 billion capital program which is expected to generatesignificant, sustainable growth in future cash flow, earnings and dividends.As previously communicated, as an element of funding this growth, the companyis committed to vending the remainder of its U.S. natural gas pipeline assetsinto its master limited partnership, TC PipeLines, LP (NYSE: TCP) over thecoming years. These assets are expected to generate approximately US$500million in earnings before interest, tax, depreciation and amortization in 2016and beyond.With its commercially secured $38 billion capital program and on-going growthin its three core businesses, the company is well positioned to createsignificant shareholder value. Since 2000, TransCanada has delivered a 16 percent annualized return to its shareholders including an average increase individends of 7 per cent per annum.TransCanada understands the value placed on sustainable growth in cash flow,earnings and dividends, and is wholly-committed to the ongoing enhancement ofshareholder value including continuous evaluation of the company'sapproach to capital allocation."With more than 60 years' experience, TransCanada is a leader in theresponsible development and reliable operation of North American energyinfrastructure including natural gas and liquids pipelines, power generationand gas storage facilities. TransCanada operates a network of natural gaspipelines that extends more than 68,500 kilometres (42,500 miles), tapping intovirtually all major gas supply basins in North America. TransCanada is one ofthe continent's largest providers of gas storage and related services withmore than 400 billion cubic feet of storage capacity. A growing independentpower producer, TransCanada owns or has interests in over 11,800 megawatts ofpower generation in Canada and the United States. TransCanada is developing oneof North America's largest liquids delivery systems. TransCanada'scommon shares trade on the Toronto and New York stock exchanges under thesymbol TRP. Visit TransCanada.com and our blog to learn more, or connect withus on social media and 3BL Media.