Incident on TransCanada Pipeline

CALGARY, Alberta – April 15, 2002 – (TSE: TRP) (NYSE: TRP) – On Sunday, April 14, at approximately 11:00 p.m. (CDT), a line break occurred near Brookdale, Manitoba, on a natural gas pipeline owned and operated by TransCanada PipeLines Limited.

The incident occurred in a relatively remote area with the nearest residents approximately two kilometres from the site. The escaping natural gas caught fire. There have been no reported injuries.

TransCanada implemented its emergency response plan. Shut off valves automatically closed to isolate the damaged section of pipeline to allow the gas fire to burn out. TransCanada personnel responded to the site to begin inspections to better determine the extent of the damage. Appropriate authorities have been informed of the incident.

The company continues to flow gas through adjacent pipelines in the area. Currently, service to customers has not been interrupted. TransCanada continues to assess the incident to determine the impact on pipeline system throughput.

TransCanada is a leading North American energy company. It is focused on natural gas transmission and power services with employees who are expert in these businesses. The company’s network of approximately 38,000 kilometres 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 developing a total of approximately 2,250 megawatts of power -- an amount of power that can meet the needs of more than two million average households. The company’s common shares trade under the symbol TRP on the Toronto and New York stock exchanges.

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For further information, please contact:

Media Inquiries:

Glenn Herchak / Kurt Kadatz
(403) 920-7859

Analyst Inquiries:

David Moneta
(403) 920-7917