TransCanada Reports Strong Second Quarter 2018 Financial Results High Quality, Diversified Asset Portfolio Expected to Drive Record Performance in 2018

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This document provides an overview of the key factors that have influenced how TransCanada has performed in its recent past, its financial condition, and its future prospects.

TransCanada today announced its Sundre Crossover Project has been placed into service in central Alberta, increasing the company’s capacity to transport natural gas on TransCanada’s NOVA Gas Transmission Ltd. (NGTL) System to downstream pipelines and key markets in the Pacific Northwest and California.

News Release — TransCanada Corporation announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has filed an application with the National Energy Board for approval of a negotiated settlement with its customers and other interested parties on the annual costs required to operate the NGTL System for 2018 and 2019.

This MD&A covers TCPL’s financial position and operations as at and for the year ended December 31, 2011.