TransCanada Welcomes New Independent Director

TransCanada announced the appointment of a new independent director, Ms. Paula Rosput Reynolds, effective immediately.

"We are extremely pleased to have Ms. Reynolds join the Board of Directors to contribute to our vision of being the leading energy infrastructure company in North America," said S. Barry Jackson, Chair, TransCanada. "Her extensive experience in the areas of organizational leadership, risk management, power and utilities, insurance and economics will be an important asset for TransCanada."

Ms. Reynolds is currently the President and Chief Executive Officer of PreferWest, LLC (business advisory group). Most recently, she served as Vice Chairman and Chief Restructuring Officer of American International Group Inc. (insurance and financial services) and President and Chief Executive Officer of Safeco Corporation (insurance). Ms. Reynolds was also Chairman, President and Chief Executive Officer of AGL Resources Inc. (energy services holding company).

Ms. Reynolds was Chief Executive Officer and President and Chief Operating Officer of Atlanta Gas Light Company, a wholly-owned subsidiary of AGL Resources Inc. She has also served as President and Chief Executive Officer of Duke Energy Power Services LLC, a subsidiary of Duke Energy Corporation, and President of PanEnergy Power Services Inc. Prior to that she was President and Chief Executive Officer of Duke Energy North America and Senior Vice President of Pacific Gas Transmission Company (natural gas pipeline).

She is currently a director of Anadarko Petroleum Corporation, Delta Air Lines, Inc. and BAE Systems plc. Ms. Reynolds has a Bachelor of Arts in Economics (Honours) from Wellesley College.