Funds generated from operations for second quarter of 2008 were C$676 million, compared to C$596 million for the same period in 2007, an increase of approximately 13%.

Comparable earnings for second quarter of 2008 of C$316 million or C$0.57 per share increased by 27% to C$241 million or C$0.45 per share for the same period in 2007.

Hal Kvisle, TransCanada’s president and CEO, said: The significant increase in second quarter earnings and cash flow demonstrates TransCanada’s ability to deliver strong financial performance from its growing portfolio of high quality assets. Preparing for the longer term, we continue to build and develop our portfolio of large scale energy infrastructure projects including oil and gas pipelines, power generating plants and natural gas storage facilities.