TransCanada Media Availability to Discuss $6 Billion in Natural Gas Infrastructure to Prince Rupert, British Columbia

PRINCE GEORGE, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2013) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that Russ Girling, president and chief executive officer, will host a media availability at the 10^th Annual Natural Resources Forum to discuss the company's proposed $6 billion natural gas infrastructure investment in British Columbia (B.C.).

Date: Wednesday, January 9, 2013

Time: 12 PM local time

Location: Room 205, Prince George Civic Centre

808 Civic Plaza

Prince George, B.C.

Who: Russ Girling

President and chief executive officer, TransCanada

Other: Audio-visual equipment is located on-site and a media feed will be available for those in attendance

TransCanada has been selected to design, build, own and operate the Prince Rupert Gas Transmission project, a $5 billion pipeline that will transport natural gas from Fort St. John, B.C. to the recently-announced Pacific Northwest LNG export facility in Port Edward near Prince Rupert, B.C. The company will also be investing more than $1 billion in expansions of its natural gas pipeline network in northeast B.C.

Mr. Girling will discuss the Aboriginal and stakeholder consultation activities that will begin immediately, the need for about 2,500 workers required to build this project and the benefits to communities along the pipeline route. For media not in attendance, telephone interviews can be arranged by contacting the TransCanada media line at 1-800-608-7859.

With more than 60 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 68,500 kilometres (42,500 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 380 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 11,800 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. For more information visit: http://www.transcanada.com or check us out on Twitter @TransCanada or http://blog.transcanada.com.

FORWARD LOOKING INFORMATION

This publication contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "would" or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management's assessment of TransCanada's and its subsidiaries' future financial and operation plans and outlook. All forward-looking statements reflect TransCanada's beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward-looking information. TransCanada undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to TransCanada's Management's Discussion and Analysis filed February 15, 2012 under TransCanada's profile on SEDAR at http://www.sedar.com/ and other reports filed by TransCanada with Canadian securities regulators and with the U.S. Securities and Exchange Commission.