TransCanada Power, L.P.

TransCanada Power, L.P.

March 03, 2005 16:38 ET

TransCanada Power, L.P. Announces Quarterly Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TRANSCANADA POWER, L.P.

TSX SYMBOL: TPL.UN

MARCH 3, 2005 - 16:38 ET

TransCanada Power, L.P. Announces Quarterly
Distribution

CALGARY, ALBERTA--(CCNMatthews - March 3, 2005) - The Board of Directors
of TransCanada Power Services Ltd., the general partner of TransCanada
Power, L.P. (TSX:TPL.UN) (the Partnership), declared a cash distribution
of $0.63 per limited partnership unit for the quarter ending March 31,
2005.

The distribution is payable on April 29, 2005 to unitholders of record
at the close of business on March 31, 2005. This is the 31st consecutive
distribution that has either met or exceeded previous distributions paid
by the Partnership since inception in mid-1997.

TransCanada Power, L.P. is a Canadian limited partnership that offers
investors solid cash flows and growth prospects. The Partnership enjoys
stability ratings of SR-1 (Standard & Poor's) and STA-1 (low) (Dominion
Bond Rating Services). The S&P debt rating for the Partnership is A-
while the DBRS rating is A (low). The Partnership's units trade under
the symbol TPL.UN on the Toronto Stock Exchange. TransCanada Power, L.P.
owns 11 power plants in Canada and the United States with total
generating capacity of 744 megawatts. Subsidiaries of TransCanada
Corporation manage the Partnership and the operation of assets owned by
the Partnership. These subsidiaries own 30.6 per cent of the
Partnership. Further Partnership information is available at
www.transcanada-powerlp.com.

FORWARD-LOOKING INFORMATION

Certain information in this document 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
Power, L.P. to successfully implement its strategic initiatives and
whether such strategic initiatives will yield the expected benefits, the
availability and price of energy commodities, regulatory environment,
competitive factors in the power industry sector, and the prevailing
economic conditions in North America. For additional information on
these and other factors, see the reports filed by TransCanada Power,
L.P. with Canadian securities regulators. TransCanada Power, L.P.
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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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    TransCanada Power, L.P.
    Media Inquiries
    Kurt Kadatz/Hejdi Feick
    (403) 920-7859
    (800) 608-7859
    or
    Unitholder & Analyst Inquiries
    David Moneta
    (403) 920-7911
    (888) 887-7717