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Legal Conditions

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Forward-Looking Information

This Annual Report includes certain forward-looking information to help current and potential stakeholders understand management's assessment of our future plans and financial outlook, and our future prospects overall. Statements that are forward-looking are based on certain assumptions and on what we know and expect today and generally include words like anticipate, expect, believe, may, will, should, estimate or other similar words. Forward-looking statements do not guarantee future performance. Actual events and results could be significantly different because of assumptions, risks or uncertainties related to our business or events that happen after the date of this report. Our forward-looking information is based on the following key assumptions; anticipated construction costs, schedules and completion dates, regulatory decisions and outcomes, inflation rates, commodity prices and capacity prices, timing of financings and hedging, forging exchange rates, interest rates, tax rates, planned and unplanned outages and the use of our pipeline and energy assets, integrity and reliability of our assets, access to capital markets, acquisitions and divestitures.

Our forward-looking information is subject to risks and uncertainties, including but not limited to: our ability to successfully implement our strategic initiatives and whether they will yield the expected benefits, the operating performance of our pipeline and energy assets, economic and competitive conditions in North America and globally, the availability and price of energy commodities, regulatory decisions and out comes, outcomes of legal proceedings, including arbitration, changes in the political environment, changes in environmental and other laws and regulations, construction and completion of capital projects, labour, equipment and material costs, access to capital markets, interest and foreign exchange rates, weather, cyber security and technological developments. You can read more about these risks and others in our most recent Quarterly Report to Shareholders and 2014 Annual Report filed with Canadian securities regulators and the U.S. Securities and Exchange Commission (SEC) and available at www.TransCanada.com.

You should not put undue reliance on forward-thinking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking statements due to new information or future events, unless required by law.

This report contains reference to certain financial measures (non-GAAP measures) that do not have any standardized meaning as prescribed by U.S. generally accepted accounting principles (GAAP) and therefore may not be comparable to similar measures presented by other entities. These non-GAPP measures may include Comparable Earnings, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), Comparable EBITDA, and Funds Generated from Operations. Reconciliations to the most closely related GAAP measures are included in our most recent Quarterly Report to the Shareholders filed with Canadian securities regulators and the SEC and available at www.TransCanada.com

Your Privacy

Privacy Statement

TransCanada is committed to protecting users' confidential information, a commitment that is reinforced by our Protection of Personal Information Policy (73 KB, PDF).

This privacy statement sets out the information gathering and dissemination practices for this website, AnnualReport.TransCanada.com. By using this website, you are consenting to this privacy statement and the collection, use and disclosure of your personal information by TransCanada as outlined in this privacy statement. If this privacy statement is not acceptable to you, please do not submit any of your personal information. We may update this privacy statement from time to time and you are responsible for periodically reviewing the most current version of this privacy statement on the website. Your continued use of the site or submission of information will be deemed your conclusive acceptance of the updated privacy statement.

Collecting, Using and Disclosing Information

This privacy statement describes our practices, regarding the collection, use and disclosure of the information that we collect about you on our website such as your name, address, phone number, fax number, and e-mail address. We may collect this information when you subscribe to, or sign your company up for, certain services that we provide, when you fill out forms made available through our website, when you e-mail us with general inquiries or with your comments or suggestions, or otherwise in connection with your use of our website. We will limit the information we collect to what we need for the purposes for which it was collected. If we wish to use your information for any other purpose, we will obtain your consent before using the information.

Storing of Information and Restricting Access

We may store your information in electronic databases or e-mail boxes hosted by our service providers, or us, for periods of time and with safeguards that we believe are reasonable depending on the nature and sensitivity of the information. Access to the information is restricted to a select group of individuals, in accordance with our security protocols.

Automatic Collection of Information

In some cases, we may collect information about you that is not personally-identifiable. Examples of this type of information include your Internet protocol (IP) address, the type of Internet browser you are using, the type of computer operating system you are using, and the advertisement or domain name of the website from which you linked to our website.

Cookies

Some pages on this website use a technology called "cookies". Cookies are capable of storing many types of data. Cookies help provide additional functionality to the website or help us analyze website usage more accurately. In all cases in which cookies are used, we will not collect personally identifiable information except with your permission. With most Internet browsers, you can erase cookies from your computer hard drive, block all cookies, or receive a warning before a cookie is stored. Please refer to your browser instructions or help screen to learn more about these functions.

Releasing Information

From time to time TransCanada may use third party vendors to assist us in handling the data or providing information that you requested. In those cases, your data may be made available to these third parties solely for the purpose of your request. In all cases where third parties may be able to access your information we will continue to protect it through confidentiality arrangements and not allow your data to be removed from TransCanada's control.

We only share your personal information with others in the ways explained in this statement. We do not sell or trade this information to other organizations or companies.

Respecting and Responding to Your Privacy Concerns

You have the option to refuse or withdraw consent to the collection, use and disclosure of your information, and we will respect your choices. If you wish to exercise this option or if you have any questions or inquiries with respect to our privacy policies or procedures, please send a written request to: Privacy Officer, TransCanada, 450 1st Street S.W., Calgary, Alberta, Canada T2P 5H1; email: privacy_officer@transcanada.com . We will investigate and respond to your concerns about any aspect of our handling your information.

BY USING THE WEBSITE, YOU ACKNOWLEDGE THAT YOU HAVE READ THIS PRIVACY STATEMENT, UNDERSTAND IT AND AGREE TO ALL OF THE TERMS AND CONDITIONS IN THIS PRIVACY STATEMENT.

Last updated: September 8, 2004

Legal Notices

LEGAL DISCLAIMER

ACCESSING THIS SITE SIGNIFIES YOUR AGREEMENT TO THE FOLLOWING TERMS AND CONDITIONS OF USE. PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS SITE.

Disclaimer of Warranties

TransCanada maintains this website as a service to its customers and the Internet community. TransCanada may revise and update the terms and conditions contained in the Legal Notice at any time and without notice. TransCanada will use reasonable efforts to include accurate, relevant and up to date information on this website. However, TransCanada does not warrant or make any representations or claims of any kind, either express or implied, as to the validity, correctness, currency or otherwise of the information (including any software, text or graphics) provided at this site, or at any links to external sites, including warranties of merchantability, non-infringement of intellectual property rights, third party rights, title, latent defects, uninterrupted service, fitness for any particular purpose or freedom from computer viruses.

In no event shall TransCanada, its directors, officers, employees or agents be liable or responsible for any claim, losses or damage, whether direct, special, indirect or consequential, arising out of the interpretation, reliance upon or other use, authorized or unauthorized, of such information, including, without limitation, damages for lost revenue, lost or damaged data, costs or other commercial or economic loss, whether based in contract, tort or any other theory of liability, arising out of (1) your access to, use of, reliance on, inability to use or misuse of this website or any material on the website , (2) any use or inability to use any materials, software, content, goods or services located at or made available at any website linked to or from this website, or any consequences flowing therefrom, (3) any inaccuracy or omission in information contained on this website or the failure to keep the information current, (4) any Internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website, and (5) any other matter connected with this website. The foregoing limitation shall apply even if TransCanada is advised of the possibility of such damages, losses or expenses. Some jurisdictions do not allow the exclusion of implied warranties, so the above exclusion may not apply to you. Information may be changed or updated without notice.

Website is Provided as a Service Only

This website and the material contained in this website is for informational purposes only. Any decisions or actions based on information contained in this site or any other sites linked to this one, are the sole responsibility of the visitor. None of the materials contained in this site is intended as or constitutes a solicitation or an offering of securities by TransCanada or any of its affiliated companies or partnerships in any jurisdiction. Continuous disclosure documents, such as the Annual and Quarterly Reports, constitute disclosure required under the corporate and securities laws of those jurisdictions applicable to TransCanada. The information on this website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to TransCanada and TransCanada makes no commitment and disclaims any duty to update those documents and materials, except as required by law. The information on this website should not be used for the purpose of making investment decisions concerning TransCanada securities.

Intellectual Property

All material on this website belongs to TransCanada or third parties, and is protected under the copyright laws and trademark laws of Canada and other applicable jurisdictions. Materials such as text, photographs, and other images and sound on this website are protected by copyright and/or other intellectual property rights. All copyright and other intellectual property rights in this material are either owned by, or licensed to, TransCanada so TransCanada can use this material for this website. The material on this website may not be reproduced, published, transmitted or distributed without written permission from TransCanada. TransCanada will, however, allow visitors to the website to make a single copy of materials published on this website for their personal, no commercial use provided that the material is not modified and that copyright, trademark and other proprietary notices are not deleted.

Except as otherwise noted, the trademarks, service marks, logos, icons, designs, names and trade names displayed on this website are the trademarks and logos of TransCanada and may not be used in any way or for any purpose without the written consent of TransCanada. Written consent is also required to use any trademarks of third parties displayed on this site. For clarity, no license to use any TransCanada or third party trademarks or other names is granted on this website.

Any unauthorized use of the material on this website including re-publication, unauthorized downloading, retransmission, copying, modification, or other exploitation of this website or the information on this website may violate copyright, trademark and other intellectual property laws and may result in legal action. In addition, you may not hyperlink or frame this website without the prior written consent of TransCanada. TransCanada and its affiliated companies disclaim any and all liability which may result from any unauthorized reproduction or use of the information on this website.

Any visitor to this site providing information (including feedback data, questions, comments or suggestions) to TransCanada agrees that TransCanada shall have no obligation of any kind with respect to such information and shall be free to reproduce, use, disclose and distribute the information to others without limitation. Further, TransCanada shall be free to use any ideas, concepts, know-how or techniques contained in such information for any purpose whatsoever including but not limited to developing, manufacturing and marketing products incorporating such information. Such information as provided by the visitor shall be deemed to be non-confidential. Any information you send to http://www.TransCanada.com/ must be truthful, legal and not violate the rights of others.

Links to External Websites

This website contains links to third party sites. These links have been provided solely as a convenience for users of this website and do not constitute an endorsement by TransCanada of the content of such third-party sites. TransCanada does not control the linked website(s) and does not monitor or investigate them, or verify or endorse the accuracy, reliability, integrity, quality or completeness of any data, information or other material on these website(s), nor does TransCanada make any representations regarding the privacy practices, content or accuracy of materials on such third-party sites. TransCanada accepts no responsibility for such linked website(s) or the content thereof. Links to this website may also be provided from other sites either known or unknown to TransCanada. Any use of websites linked to or from this website and their content is at your sole risk.

Internet Software and Computer Viruses

Due to technical difficulties inherent in the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of material contained on this website when displayed or downloaded onto your computer. Computer viruses or other destructive programs may also be inadvertently downloaded from the website. TransCanada will not be liable for Internet software, computer viruses or destructive programs and recommends that you install appropriate anti-virus or other protective software.