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TRANSCANADA: TransCanada to Enhance Financial Reporting

^{Published on 2009-04-14 08:18:23, Last Modified on 2009-04-14 08:19:07 - Market Wire}
 

CALGARY, ALBERTA--(Marketwire - April 14, 2009) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it will make some changes to its financial reporting format to more clearly explain the financial performance of the company's business segments. The changes will take effect beginning with results for the first quarter of 2009. The new reporting format will organize the Pipelines and Energy business segments geographically by separating the Canadian and US portions of each segment. Net income, cash flow and per share measures will be supplemented by earnings before interest, taxes, depreciation and amortization (EBITDA) and earnings before interest and taxes (EBIT) measures.

A teleconference and webcast will be held Tuesday, April 21, 2009 to discuss the changes. Analysts, members of the media and other interested parties are invited to participate in the teleconference and webcast April 21, 2009 at 9:00 a.m. (Mountain) / 11:00 a.m. (Eastern) to discuss the company's new financial reporting format.

To participate in the teleconference, please call (866) 225-6564 or (416) 641-6136 (Toronto area). Please dial in 10 minutes prior to the start of the call. No pass code is required. A live webcast of the teleconference will also be available on TransCanada's website ([ www.transcanada.com ]).

The teleconference will begin with a short address by members of TransCanada's executive management, followed by a question and answer period for investment analysts. A question and answer period for members of the media will immediately follow. Financial data in the new reporting format for the prior year will be made available on TransCanada's website following the conference call.

A replay of the teleconference will be available two hours after the conclusion of the call until midnight (Eastern) April 28, 2009. Please call (800) 408-3053 or (416) 695-5800 (Toronto area) and enter pass code 7512175#. The webcast will be archived and available for replay on [ www.transcanada.com ].

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 370 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns, or has interests in, over 10,900 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.