TRANSCANADA SELLS SOLAR $540 MLN

PENNENERGY - TransCanada Corporation has entered into an agreement to sell its Ontario solar portfolio comprised of eight facilities with a total generating capacity of 76 megawatts to Axium Infinity Solar LP, a subsidiary of Axium Infrastructure Canada II Limited Partnership, for approximately $540 million. The transaction is expected to close by the end of 2017 subject to certain regulatory and other approvals as well as customary closing adjustments.

"This transaction demonstrates our financial discipline as we continue to build on our vision of being North America's leading energy infrastructure company," said Russ Girling, TransCanada's president and chief executive officer. "The proceeds from this sale will help fund our $24 billion near term capital program while maximizing value for our shareholders."

With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities.

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Earlier:

2017, October, 6, 12:30:00 TRANSCANADA'S CAPITAL PROGRAM: $24 BLN We will continue to focus on our $24 billion near-term capital program which is expected to generate growth in earnings and cash flow to support an expected annual dividend growth rate at the upper end of an eight to 10 per cent range through 2020.

2017, March, 27, 18:45:00 TRANSCANADA'S CONSTRUCTION "This is a significant milestone for the Keystone XL project," said Russ Girling, TransCanada's president and chief executive officer. "We greatly appreciate President Trump's Administration for reviewing and approving this important initiative and we look forward to working with them as we continue to invest in and strengthen North America's energy infrastructure."

2016, June, 27, 18:15:00 TRANSCANADA WANTS $15 BLN The Calgary-based pipeline operator filed papers late Friday seeking arbitration under the North American Free Trade Agreement, arguing that TransCanada had every reason to believe it would win approval to build Keystone XL.

2016, May, 19, 20:20:00 TRANSCANADA & CPG: $13 BLN Including the assumption of CPG debt, the total enterprise value of the transaction is approximately $13 billion.