TransCanada's Hal Kvisle Honoured With Prestigious Canada's Outstanding CEO of the Year(TM) Award
CALGARY, ALBERTA--(Marketwire - Sept. 18, 2008) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced Hal Kvisle, TransCanada president and chief executive officer, has been awarded the prestigious Canada's Outstanding CEO of the Year(TM) Award for 2008.
"Canada's Outstanding CEO of the Year(TM) Award is a very significant achievement and important recognition for Hal Kvisle and TransCanada," said Barry Jackson, chairman of TransCanada's Board of Directors. "As TransCanada's CEO, Hal has consistently delivered significant value to our shareholders and provided exceptional service to customers and the communities in which we operate. His expertise is sought out by industry leaders, regulators and all levels of government throughout North America.
"I have had the pleasure of working with many exceptional people throughout my career. As an astute decision maker with the highest integrity, strong vision and leadership and an incredible knowledge of the business and industry, Hal is among the very best," Jackson concluded.
Founded in 1990 by The Caldwell Partners, Canada's Outstanding CEO of the Year(TM) Award program identifies and provides recognition for outstanding leadership and achievement by a Canadian Chief Executive Officer including a clear demonstration of vision and leadership; corporate performance; global competitiveness; innovative business achievements and social responsibility.
Hal Kvisle has been president and chief executive officer of TransCanada since May 2001. He joined TransCanada in 1999 as executive vice-president, Trading and Business Development with responsibility for power and pipeline ventures in North America. He was also responsible for TransCanada's marketing and trading activities in power and natural gas.
Sponsored by The Caldwell Partners, The National Post, CTV and Deloitte, Canada's Outstanding CEO of the Year(TM) Award provides recognition for outstanding leadership and achievement by a Canadian Chief Executive Officer. The Award has been presented to distinguished Canadian chief executive officers, from a broad range of industries, since its inception in 1990. For more information on Canada's Outstanding CEO of the Year(TM) Award, please visit www.ceoaward-canada.org.
With more than 50 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas pipelines, power generation, gas storage facilities, and projects related to oil pipelines and LNG facilities. TransCanada's network of wholly owned pipelines extends more than 59,000 kilometres (36,500 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with approximately 355 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns, or has interests in, over 10,900 megawatts of power generation in Canada and the United States. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP.
Note: All financial figures are in Canadian dollars unless noted otherwise.
This news release may contain certain information that is forward looking and is subject to important risks and uncertainties. The words "anticipate", "expect", "may", "should", "estimate", "project", "outlook", "forecast" or other similar words are used to identify such forward looking information. All forward-looking statements reflect TransCanada's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. Factors which could cause actual results or events to differ materially from current expectations include, among other things, the ability of TransCanada to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the operating performance of the Company's pipeline and energy assets, the availability and price of energy commodities, regulatory processes and decisions, changes in environmental and other laws and regulations, competitive factors in the pipeline and energy industry sectors, construction and completion of capital projects, labour, equipment and material costs, access to capital markets, interest and currency exchange rates, technological developments and the current economic conditions in North America. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause TransCanada's actual results and experience to differ materially from the anticipated results or expectations expressed. Additional information on these and other factors is available in the reports filed by TransCanada with Canadian securities regulators and with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. TransCanada undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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