TransCanada Corporation

We build and operate the energy infrastructure that North America needs.

Experts in our field, known for our solid financial track record, for our integrity and high standards of corporate governance and business ethics, we are committed to being a good neighbour.

With more than 65 years experience, TransCanada is a leader in the responsible development and reliable and safe operation of North American energy infrastructure.

Our network of wholly owned and affiliated pipelines taps into virtually all major natural gas supply basins in North America. TransCanada leads the North American pipeline industry and the world in system integrity.  We’ve demonstrated an exceptional record of system reliability and safety.

With increasing production from oil sands in Alberta, and growing demand for secure, reliable sources of energy, TransCanada has identified opportunities to develop oil pipeline capacity, complementing our natural gas transmission business, drawing on our extensive pipelines experience and offering an efficient way to maximize the value of our current pipeline assets.

TransCanada is one of the continent’s largest providers of gas storage and related services.

A growing independent power producer, TransCanada owns or has interests in over 10,500 megawatts of power generation.

Vision and Strategies

Vision

TransCanada will be the leading energy infrastructure company in North America, with a strong focus on pipelines and power generation opportunities located in regions where we  have or can develop significant competitive advantages.

Strategies

 TransCanada's strategy for growth and value creation has four key elements:

• Maximize the full-life value of TransCanada’s infrastructure assets and commercial positions.
• Commercially develop and physically execute new asset investment programs.
• Cultivate a focused portfolio of high quality development options.
• Maximize TransCanada’s competitive strengths.

Since we established our strategy in 2000, we've focused on its steady and consistent implementation. The fundamentals of that strategy remain the same.

In addition to our extended focus on maximizing the value of the businesses, our achievements can be seen in our growth through acquisitions and the high quality portfolio of future growth opportunities.

Corporate Governance

Statement of Corporate Governance

The Board and the members of TransCanada's management are committed to the highest standards of corporate governance. TransCanada's corporate governance practices comply with the governance rules of the Canadian Securities Administrators (CSA), those of the New York Stock Exchange (NYSE) and of the U.S. Securities and Exchange Commission (SEC), applicable to foreign issuers and those mandated by the United States Sarbanes-Oxley Act of 2002 (SOX). TransCanada is in compliance with the CSA's National Instrument 52-110 pertaining to audit committees (Canadian Audit Committee Rules). TransCanada is also in compliance with National Policy 58-201, Corporate Governance Guidelines, and National Instrument 58-101, Disclosure of Corporate Governance Practices (collectively, the Canadian Governance Guideline).

Corporate Governance Guidelines

The board has formally adopted and published a set of Corporate Governance Guidelines, which affirm TransCanada's commitment to maintaining a high standard of corporate governance. The guidelines address the structure and composition of the board and its committees and also provide guidance to both the Board and management in clarifying their respective responsibilities. The board's strengths include: an independent, non-executive Chair; well informed and experienced directors who ensure that standards exist to promote ethical behaviour throughout TransCanada; effective board size; director share ownership requirements; and annual assessment of board, committee and individual director effectiveness.