OCTOBER | VOLUME 03, ISSUE 8
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On September 18, 2003, the TransCanada Open Season on our Canadian Mainline System came to a close. We are pleased to announce that considerable interest was received for space on the Mainline System, and in some cases, capacity was oversubscribed.

Although we are unable to provide specific details until contracts are signed, we can share some preliminary results. As expected, most of the market interest was focused on short-haul services. Please check out our non-critical notice for more specific details.

"We are pleased with the overall level of customer interest for Mainline capacity during the Open Season", says Craig Frew, Vice President, Gas Transmission East. "Although there was some de-contracting earlier this year for long-haul capacity on parts of the Mainline System, the preliminary Open Season results reflect the ongoing shift to short-haul contracts within the market areas. There is no question that we are connected to strong and growing markets in Eastern Canada and the U.S. Northeast, which we anticipate will drive requirements for additional capacity."

Over the next few days, we will be issuing contracts to the successful bidders as well as reassessing the amount of remaining unsubscribed capacity on the Mainline System. As we will be unable to respond to the capacity requirements of all customers who submitted bids for this Open Season, additional Open Seasons may be considered in the near future. Watch future issues of the Update magazine for details.

For more information on the Open Season, check out our article in the Summer issue of Update, or please contact:

Eastern U.S. and Canadian Sales and Marketing Team

      Amelia Cheung 416.869.2115
      Kay Coad 403.920.5569
      Lisa Jamieson 416.869.2171
      Ches Maciorowski 403.920.5562
      Iain MacRae 416.869.2123
      Tim Stringer 416.869.2177
      Cliff Taylor 416.869.2118
 
>> OPEN SEASON: A SUCCESS
>> INTEREST IN PNGTS
>> NORTH BAY ALTERNATIVE
>> THE ALBERTA CBB
>> NrG DOVETAIL RESULTS
>> AT IGUA IN NOVEMBER
>> SUPPLY/DEMAND OUTLOOK
>> METER STATION PROCESS
 
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DATE: October 3, 2003