OMAHA, NEBRASKA--(Marketwire - June 13, 2011) - TransCanada Corporation, in response to the massive flooding and devastation in the U.S. Midwest region, has pledged financial assistance for flood relief and has donated $75,000. The donation will be divided between the Heartland, Oahe and Bismarck Chapters of the American Red Cross.

"In areas where we live and work, TransCanada is committed to helping communities rebuild," said Vern Meier, TransCanada's vice-president, U.S. Pipeline Operations. "Recovering from a flood like this will be an ongoing process, and the donation is our way of offering direct support to those most in need."

The relief efforts are currently focused on helping those in the stricken areas, many of whom have either evacuated their homes or are filling sandbags in attempts to save their homes, businesses, farms and livestock.

TransCanada has a number of assets, including the Keystone, ANR, and Northern Border pipelines throughout this area. TransCanada, which was honored in May 2011 by the National Safety Council as being one of the Safest Companies in Omaha, has more than 500 employees and contractors in the Midwest area.

With more than 60 years experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. TransCanada's network of wholly owned natural gas pipelines extends more than 57,000 kilometres (35,500 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 380 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 10,800 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest oil delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. For more information visit: www.transcanada.com.

Contact Information:

TransCanada Corporation
Media Enquiries:
Terry Cunha/Shawn Howard
403.920.7859 or 800.608.7859
www.transcanada.com