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.

CALGARY, ALBERTA--(Marketwire - Feb. 23, 2010) - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada or the Company) today announced net income applicable to common shares for fourth quarter 2009 of $381 million or $0.56 per share. For the year ended December 31, 2009, net income applicable ...

TC Energy Corporation announced today that it has approved two new expansion projects totaling $1.3 billion on its wholly-owned natural gas pipeline systems. The $0.9 billion 2023 NGTL Intra-Basin System Expansion will deliver natural gas from the Western Canadian Sedimentary Basin (WCSB) to markets within Alberta on the NOVA Gas Transmission Ltd. (NGTL) System, while the US$0.3 billion Alberta XPress project will see the expansion of the ANR Pipeline (ANR) to provide a seamless path for Canadian production to access growing LNG export and other markets along the U.S. Gulf Coast.

The Company endeavors to create opportunities for qualified and competitive Diverse and Local Businesses and individuals to benefit from the Company’s projects and operational activities. This is important for securing public confidence where we build and operate. It also provides the Company a competitive advantage as a leader in Supplier Diversity and Local Participation among energy infrastructure companies in North America.