INGAA Elects Hal Kvisle as Chairman and Elects Officers

Released on Behalf of INGAA

Washington, DC - October 10, 2003 - The Board of Directors of the Interstate Natural Gas Association of America (INGAA) today elected Harold N. (Hal) Kvisle as INGAA's Chairman of the Board for 2004. Mr. Kvisle is the President and Chief Executive Officer of TransCanada Corporation. He succeeds Fred J. Fowler, President and Chief Operating Officer of Duke Energy Corporation, as INGAA Chairman.

Also today, INGAA elected its officers for 2004. Keith O. Rattie, President and Chief Executive Officer for Questar Corporation, was elected first vice chairman. Paul D. Koonce, Chief Executive Officer for Transmission at Dominion Energy, Inc., was elected second vice chairman.

Mr. Kvisle (pronounced "Quisley") is the first Canadian national ever elected as Chairman of INGAA. His position at INGAA is representative of the importance of Canada in meeting the natural gas demands of the North American continent.

TransCanada is a leading North American energy company focused on natural gas transmission and power services. Its network of approximately 24,000 miles (38,000 kilometres) of pipeline transports the majority of Western Canada's natural gas production to the fastest growing markets in the United States and Canada. TransCanada owns, controls or is constructing more than 4,500 megawatts of power in the United States and Canada. TransCanada's common shares trade under the symbol "TRP" on the Toronto and New York stock exchanges.

INGAA represents virtually all of the interstate natural gas transmission pipeline companies operating in the United States, as well as comparable companies in Canada and Mexico. Its members transport over 95 percent of the United States' natural gas through a network of 180,000 miles of pipelines.

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For further information, please contact:

INGAA:

Martin Edwards
(202) 216-5910

Media Inquiries:

Glenn Herchak / Kurt Kadatz
(403) 920-7877

Investor & Analyst Inquiries:

David Moneta / Debbie Stein
(403) 920-7911