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UPDATED ON: Thursday, July 14, 2005

TransCanada Corporation:

Kevin E. Benson,

From The Globe and Mail

S. Barry Jackson, Chairman, TransCanada Corporation, is pleased to announce that Kevin E. Benson and E. Linn Draper have joined TransCanada's Board of Directors.

Kevin E. Benson is President, Chief Executive Officer and a director of Laidlaw International, Inc. Prior to joining Laidlaw, Mr. Benson served as President and Chief Execurive Officer of the Insurance Corporation of British Columbia; President of The Jim Pattison Group; and President and Chief Executive Officer of Canadian Airlines International.

Mr. Benson also serves as a director of Manulife Financial Corporation. Mr. Benson will sit on the Audit Committee of the TransCanada Board.

Mr. Benson holds a Bachelor of Accounting from the University of Witwatersrand (South Africa) and was a member of the South African Society of Chartered Accountants.

TransCanada (TSX: TRP) (NYSE: TRP) is a leading North American energy company. TransCanada is focused on natural gas transmission and power services with employees who are expert in these businesses. TransCanada's network of approximately 41,000 kilometres (25,600 miles) of pipeline transports the majority of Western Canada's natural gas production to the fastest growing markets in Canada and the United States. TransCanada owns, controls or is constructing approximately 5,700 megawatts of power generation - an amount of power that can meet the needs of about 5.7 million average households.


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