Home Annual Report 2001


STOCK EXCHANGES AND SYMBOLS

Common shares are listed on the Toronto and New York stock exchanges under the symbol: TRP

Preferred shares are listed on The Toronto Stock Exchange under the following symbols:
Cumulative redeemable first preferred Series U: TRP.PR.X and Series Y: TRP.PR.Y
Preferred securities are listed on the New York Stock Exchange under the following symbols:
8.75% Trust Originated Preferred SecuritiesSM* (TOPrSSM): TCL.Pr
8.25% Preferred Securities: TRP.Pr

7.875% NOVA Gas Transmission Ltd. (NGTL) Debentures are listed on the New York Stock Exchange under the symbol: NVA 23

16.50% First Mortgage Pipe Line Bonds due 2007 are listed on the London Stock Exchange.

ANNUAL MEETING
The annual meeting of shareholders is scheduled for April 26, 2002 at 10:30 AM (Mountain Daylight Time) at the RoundUp Centre, Calgary, Alberta.

IMPORTANT DATES
Scheduled common share dividend payment dates in 2002 are January 31, April 30, July 31 and October 31.

DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN
TransCanada's dividend reinvestment and share purchase plan allows common and preferred shareholders to purchase additional common shares by reinvesting their cash dividend without incurring brokerage or administrative fees.

A registered holder will become a participant in the plan as of the first dividend record date following receipt by our Plan Agent, Computershare Trust Company of Canada, of a properly executed authorization form. Dividend record dates for common and preferred shares are generally the last business day of each March, June, September and December.

Participants may also make optional cash payments to buy additional shares of up to $10,000 (US$7,000) per quarter. Participants wishing to make such optional cash payments must ensure that their optional cash payment is received by our Plan Agent, on or prior to the common share dividend payment date. Our common share dividend payment dates are noted above under "Important Dates".

NON-RESIDENT INVESTORS
Dividends paid by TransCanada to shareholders outside Canada are subject to Canadian non-resident withholding tax. The general rate is 15 per cent for investors resident in the United States and other countries where Canadian tax treaties apply. Commencing January 1, 2001, the U.S. Internal Revenue Service (IRS) has required certain foreign payers of dividends or interest to U.S. persons (including resident aliens) to withhold and pay to the IRS 31 per cent of such payments (Backup Withholding). This Backup Withholding is in addition to the non-resident tax rate of 15 per cent required under Canadian law. Residents of non-treaty countries are subject under Canadian law to a 25 per cent withholding tax on dividends.

COMMON SHARES
Transfer agents and Registrars: Computershare Trust Company of Canada (Montréal, Toronto, Winnipeg, Calgary and Vancouver) and Computershare Trust Company (New York).

PREFERRED SHARES
Transfer agent and Registrar for the preferred shares listed below: Computershare Trust Company of Canada (Montréal, Toronto, Winnipeg, Calgary and Vancouver).
Cumulative redeemable first preferred shares, Series U and Series Y

PREFERRED SECURITIES
Trustee for the preferred securities listed below: The Bank of New York (New York).
8.75% TOPrSSM* (TOPrS are obligations of TransCanada Capital, an unaffiliated business trust.)
8.25% Preferred Securities
* Service mark of Merrill Lynch & Co., Inc.