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Mayer Brown advises TransCanada Corporation in proposed acquisition of Ravenswood Generating Station for US $2.8 billion

14 April 2008
31 March 2008 - TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced that its subsidiary has agreed to acquire from National Grid plc (National Grid), all the outstanding membership interests of KeySpan-Ravenswood, LLC, that directly or indirectly owns or controls the 2,480 megawatt (MW) Ravenswood Generating Facility (Ravenswood) located in Queens, New York for US$2.8 billion plus closing adjustments.

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