By 2013 TransCanada expects to generate approximately $4 billion of funds from operations.

Fiscally Prudent — Financially Strong

Fiscally Prudent — Financially Strong

Looking forward, once TransCanada completes its current $20 billion capital program in 2013, we expect to generate approximately $4 billion of funds from operations. This will provide us with significant financial capacity to invest in our core businesses, continue to increase dividends to shareholders and further enhance our financial strength and flexibility.

Our decisions will continue to be guided by our desire to maximize long-term shareholder value.

2010 Key Financial Highlights

Net Income Applicable to Common Shares

$1.2 billion or $1.78 per share

Comparable Earnings(1)

$1.4 billion or $1.97 per share

Comparable Earnings before Interest, Taxes, Depreciation and Amortization(1)

$3.9 billion

Funds Generated from Operations(1)

$3.3 billion

Capital Expenditures

$5.0 billion invested in core businesses

Common Share Dividends Declared

$1.60 per share

Net Income Applicable to Common Shares
Comparable Earnings
Comparable EBITDA
 
Funds Generated from Operations
Capital Expenditures & Aquisitions
Net Income Applicable to Common Shares
 
Comparable Earnings per Share
Dividends Declared per Share
Common Shares Outstanding — Average
Market Price — Close Toronto Stock Exchange
 
(1) Non-GAAP measure that does not have any standardized meaning prescribed by generally accepted accounting principles (GAAP). For more information see Non-GAAP Measures in the Management's Discussion and Analysis of the 2010 Annual Report.