TransCanada Declares Quarterly Dividends

Apr 27, 2001, 01:00 ET from TransCanada PipeLines Limited

    CALGARY, April 27 /PRNewswire/ - (TSE: TRP) (NYSE:   TRP) - The Board of
 Directors of TransCanada PipeLines Limited today declared the following
 regular dividends on TransCanada's preferred shares:
     Dividend Number 11 was declared on the outstanding Cumulative Redeemable
 First Preferred Shares Series U in the amount of $0.70 per share for the
 period ending July 30, 2001. The dividend is payable on July 30, 2001, to
 shareholders of record at the close of business on June 29, 2001.
     Dividend Number 10 was declared on the outstanding Cumulative Redeemable
 First Preferred Shares Series Y in the amount of $0.70 per share for the
 period ending August 1, 2001. The dividend is payable August 1, 2001, to
 shareholders of record at the close of business on June 29, 2001.
     As announced today in TransCanada's First Quarter 2001 Report to
 Shareholders, the Board declared a quarterly dividend of $0.225 per share on
 the company's outstanding common shares for the quarter ending June 30, 2001.
 It is the 150th consecutive dividend paid by TransCanada on its common shares,
 and is payable on July 31, 2001, to shareholders of record at the close of
 business on June 29, 2001.
     TransCanada is a leading North American energy company. It is focused on
 natural gas transmission, power, and gas marketing services, complemented by
 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. TransCanada controls or manages approximately 1,600
 megawatts of power. 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.
 
     Note: All dollar amounts are expressed in Canadian funds, unless
 otherwise indicated.
 
 

SOURCE TransCanada PipeLines Limited
    CALGARY, April 27 /PRNewswire/ - (TSE: TRP) (NYSE:   TRP) - The Board of
 Directors of TransCanada PipeLines Limited today declared the following
 regular dividends on TransCanada's preferred shares:
     Dividend Number 11 was declared on the outstanding Cumulative Redeemable
 First Preferred Shares Series U in the amount of $0.70 per share for the
 period ending July 30, 2001. The dividend is payable on July 30, 2001, to
 shareholders of record at the close of business on June 29, 2001.
     Dividend Number 10 was declared on the outstanding Cumulative Redeemable
 First Preferred Shares Series Y in the amount of $0.70 per share for the
 period ending August 1, 2001. The dividend is payable August 1, 2001, to
 shareholders of record at the close of business on June 29, 2001.
     As announced today in TransCanada's First Quarter 2001 Report to
 Shareholders, the Board declared a quarterly dividend of $0.225 per share on
 the company's outstanding common shares for the quarter ending June 30, 2001.
 It is the 150th consecutive dividend paid by TransCanada on its common shares,
 and is payable on July 31, 2001, to shareholders of record at the close of
 business on June 29, 2001.
     TransCanada is a leading North American energy company. It is focused on
 natural gas transmission, power, and gas marketing services, complemented by
 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. TransCanada controls or manages approximately 1,600
 megawatts of power. 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.
 
     Note: All dollar amounts are expressed in Canadian funds, unless
 otherwise indicated.
 
 SOURCE TransCanada PipeLines Limited