Net Income

• In 2005, net income was $1,209 million or $2.49 per share compared to $1,032 million or $2.13 per share in 2004.

Net Earnings

• In 2005, TransCanada's net income from continuing operations (net earnings) increased $229 million to $1,209 million or $2.49 per share compared to $980 million or $2.02 per share in 2004.
• Excluding gains on sale of assets, TransCanada's net earnings increased $66 million to $852 million or $1.75 per share compared to $786 million or $1.62 per share.

Investing Activities

• In 2005, TransCanada invested more than $2.0 billion in the Gas Transmission and Power businesses.

Balance Sheet

• In 2005, TransCanada's shareholders' equity increased by more than $0.6 billion.
• The total market value of the company's common shares at December 31, 2005 was $17.9 billion, an increase of $3.4 billion from December 31, 2004.

Dividend

• In January 2006, the Board of Directors of TransCanada raised the quarterly dividend on the company's outstanding common shares five per cent to $0.32 per share from $0.305 per share for the quarter ending March 31, 2006.