RNS Number:2524H
TransCanada Pipelines Ld
07 February 2003




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NewsRelease


                     TransCanada Corrects Newspaper Report



CALGARY, Alberta - February 7, 2003 - (TSX: TRP) (NYSE: TRP) - TransCanada
PipeLines Limited corrected a report in some Alberta newspapers today that
incorrectly stated TransCanada Power, L.P. was conducting a feasibility study on
the potential to construct NorthernLights Transmission -- an electricity
transmission line from Alberta to the United States Pacific Northwest. The
feasibility study on NorthernLights is being conducted by the power group at
TransCanada PipeLines Limited, not through TransCanada Power, L.P.

TransCanada PipeLines Limited is a leading North American energy company. It is
focused on natural gas transmission and power services with employees who are
expert in these businesses. The company's network of approximately 38,000
kilometres of pipeline transports the majority of western Canada's natural gas
production to the fastest growing markets in Canada and the United States. Upon
closing of its Bruce Power transaction, TransCanada will own or have interests
in, control, manage or be constructing facilities for more than 4,000 megawatts
of power -- an amount of power that can meet the needs of about four million
average households. The company's common shares trade under the symbol TRP on
the Toronto and New York stock exchanges. Visit us on the internet at
www.transcanada.com for more information.



                          FORWARD LOOKING INFORMATION

Certain information in this news release is forward-looking and is subject to
important risks and uncertainties. The results or events predicted in this
information may differ from actual results or events. Factors which could cause
actual results or events to differ materially from current expectations include,
among other things, the ability of TransCanada to successfully implement its
strategic initiatives and whether such strategic initiatives will yield the
expected benefits, the availability and price of energy commodities, regulatory
decisions, competitive factors in the pipeline and power industry sectors, and
the current economic conditions in North America. For additional information on
these and other factors, see the reports filed by TransCanada with Canadian
securities regulators and with the United States Securities and Exchange
Commission. TransCanada disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.

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Media Inquiries:   Glenn Herchak/Kurt Kadatz    (403) 920-7877

Investor & Analyst Inquiries:  David Moneta/Debbie Persad   (403) 920-7911


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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