TransCanada PipeLines Issues US$1.25B of Senior Notes

On June 1, 2010, TransCanada PipeLines Limited closed a public offering of US$500,000,000 3.40 per cent Senior Notes due 2015 and US$750,000,000 6.10 per cent Senior Notes due 2040. The offering was made pursuant to a prospectus supplement dated May 26, 2010 to TransCanada PipeLines' December 17, 2009 short form base shelf prospectus. The offering was underwritten by a syndicate led by Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc., and included Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., SG Americas Securities, LLC and UBS Securities LLC.

TransCanada PipeLines was represented in-house by Christine Johnston, Vice President, Finance Law and Lisa Grams, Legal Counsel, Finance Law; by David Lefebvre, David Taniguchi and Benjamin Hudy (securities) and Douglas Richardson (tax) of Stikeman Elliott LLP, as Canadian counsel; and by Michael Hermsen and James Lisak (securities) and James Barry (tax) of Mayer Brown LLP, as US counsel.

Christopher Cummings, Stephen Centa, and Sonja Sun (securities) and Laurence Crouch and Anil Kalia (tax) of Shearman & Sterling LLP acted as counsel for the underwriters.


Christopher J. Cummings Lisa M. Grams Laurence E. Crouch David Taniguchi Christine R. Johnston Stephen Centa David R.J. Lefebvre Benjamin S. P. Hudy James R. Barry Michael L. Hermsen Douglas K. Richardson


Stikeman Elliott LLP Mayer Brown LLP Shearman & Sterling LLP