TransCanada Issues $350M of Preferred Shares

On March 11, 2010, TransCanada Corporation completed an offering of 14,000,000 cumulative redeemable rate reset first preferred shares pursuant to a prospectus supplement dated March 4, 2010, to a shelf prospectus dated September 21, 2009, for gross proceeds to TransCanada of approximately $350 million. The offering was underwritten by a syndicate led by Scotia Capital Inc. and RBC Dominion Securities Inc. and including BMO Nesbitt Burns Inc., TD Securities Inc., CIBC World Markets Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc. and UBS Securities Canada Inc.

TransCanada was represented in-house by Christine Johnston, Vice President, Finance Law and Tamara Shawa, Senior Legal Counsel; and by David Lefebvre, David Taniguchi, Charlotte Feasby and April Kosten (securities) and David Weekes (tax) of Stikeman Elliott LLP as Canadian counsel; and by Michael Hermsen (securities) of Mayer Brown LLP as US counsel.

The underwriters were represented by Kent Kufeldt, Don Tse, Christopher Wolfenberg and Jason Metcalf (securities) and Dion Legge (tax) of Macleod Dixon LLP.


Christopher M. Wolfenberg David Taniguchi David R.J. Lefebvre Dion J. Legge Michael L. Hermsen Charlotte Feasby Jason Metcalf Don Tse Kent D. Kufeldt April Kosten David G. Weekes