News Release — TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) Today announced that the Board of Directors (Board) of TransCanada declared a quarterly dividend of $0.75 per common share for the quarter ending March 31, 2019, on the Company’s outstanding common shares. The common share dividend is payable on April 30, 2019 to shareholders of record at the close of business on March 29, 2019.

The Foothills Natural Gas Pipeline System ships WCSB natural gas to the U.S. border for export.

The Redwater Cogeneration Plant, located at Williams Energy Canada Fractionation and Storage Plant in Redwater, Alta., has provided the province with approximately 46 megawatts of electricity since 2001.

Located in the community of Grande Prairie, Alberta, Bear Creek Cogeneration Plant produces up to 100 megawatts of electricity to both Weyerhaeuser’s Grande Prairie Pulp and Sawmill and Alberta’s competitive electricity market.

TransCanada Corporation announced today that it will move forward with a proposed $140-million expansion of its NOVA Gas Transmission Ltd. (NGTL) System following the successful completion in March of an expansion capacity open season for incremental firm export delivery service at the Empress/McNeill Export Delivery Point.

TransCanada Corporation announced net income attributable to common shares for second quarter 2018 of $785 million or $0.88 per share compared to net income of $881 million or $1.01 per share for the same period in 2017.