Planned Expansion of Alberta and B.C. Systems

This announcement just came out from TCPL:

Planned Expansion of Alberta and B.C. Systems

On February 21, 2001, TransCanada informed existing customers holding firm
service transportation
at the Alberta / B.C. Border Delivery Station and/or the B.C. System that we
were in the process of
assessing the feasibility of an expansion of the Nova Gas Transmission Ltd.
[NGTL] and B.C. systems.
TransCanada had received inquiries regarding the potential for expansion of
new firm delivery service
on the NGTL System at the Alberta / B.C. border [A/BC], and on the B.C.
System from A/BC to the
interconnect with PG&E GT NW [GTN], at Kingsgate B.C. / Eastport, Idaho.
These inquiries had been
driven primarily, but not exclusively, by the GTN open season for additional
capacity into the Pacific
Northwest, and California.

As part of the feasibility assessment, customers with contracted capacity
expiring beyond November 1, 2002
who wished to turn back capacity were asked to inform us of their requests.
This would form part of a capacity
rationalization process. Customers currently holding one year re-newable
contracts were asked to inform us
of their plans to turn back capacity after November 1, 2002.

As well, all existing customers were asked to provide information concerning
their plans to extend their
contracts beyond the current expiry date as well as their estimate of any
additional firm service requirements
they may have, in excess of their firm contracts, on our west-path systems.
This solicitation was also
communicated to other parties. This information was to be provided to
TransCanada by March 12, 2001.

Based on these solicitations, TransCanada has received significant
incremental queuing requests in both
the NGTL and B.C. System queue. Upon receiving signed contracts, TransCanada
plans to seek regulatory
approval to expand our Alberta System by up to approximately 227mmcf/d of
incremental capacity and
expand our B.C. System by up to approximately 216 mmcf/d of incremental
capacity.

We are currently tendering precedent agreements for ABC Border and B.C.
system capacity to expansion shippers,
based on queue priority. These customers will have until April 2, 2001 to
return these agreements. Once
TransCanada has received these executed agreements, we will proceed with the
appropriate processes, including
regulatory approval, to ensure an on stream date of November 1, 2002.

If you have any questions or require additional information, please contact
Don Bell at [403] 920.5560,
don_bell@transcanada.com.