TransCanada 2008 Investor Day to be Webcast

CALGARY, ALBERTA--(Marketwire - Nov. 4, 2008) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) will hold its annual Investor Day on Thursday, November 6th in Toronto, and Friday, November 7th in New York.

Members of TransCanada's senior executive will discuss the company's growing portfolio of high-quality energy infrastructure assets that include: natural gas and crude oil pipelines, power generation plants and natural gas storage facilities.

The November 6th Investor Day in Toronto will be webcast, starting at 8:00 a.m. eastern time (6:00 a.m. mountain time). Interested parties may access the live webcast through TransCanada's investor centre at www.transcanada.com/investor/conference.html

The following senior executives will be speaking:

- Hal Kvisle, President and Chief Executive Officer

- Russ Girling, President, Pipelines

- Alex Pourbaix, President, Energy

- Don Wishart, Executive Vice-President, Operations and Engineering

- Greg Lohnes, Executive Vice-President and Chief Financial Officer

- Duncan Hawthorne, President and Chief Executive Officer, Bruce Power

The webcast will be archived and available for replay, via our investor centre at www.transcanada.com/investor/conference.html

With more than 50 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas pipelines, power generation, gas storage facilities, and projects related to oil pipelines and LNG facilities. TransCanada's network of wholly owned pipelines extends more than 59,000 kilometres (36,500 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with approximately 355 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns, or has interests in, over 10,900 megawatts of power generation in Canada and the United States. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP.

CONTACT INFORMATION

TransCanada
Media Inquiries
Cecily Dobson
(403) 920-7859 or (800) 608-7859
or
Investor & Analyst Inquiries
David Moneta/Myles Dougan/Terry Hook
(403) 920-7911 or (800) 361-6522
Website: www.transcanada.com