Agreement Reached Between Carry the Kettle First Nation and TransCanada That Will Bolster Long-Term Relationship

CARRY THE KETTLE FIRST NATION, SASKATCHEWAN--(Marketwired - Feb. 26, 2016) - Media Advisory - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) and Carry the Kettle First Nation announced today they have reached the terms for an agreement that sets out the vision of a collaborative and respectful long-term relationship.

"This agreement acknowledges the unique 60-year relationship between TransCanada and Carry the Kettle First Nation, and identifies our commitment to future work with the community," said Russ Girling, TransCanada president and chief executive officer. "Meaningful engagement with Carry the Kettle and all Indigenous communities potentially impacted by our operations is a top priority for us - it's about doing what's right."

Councilor Kurt Adams of Carry the Kettle First Nation said, "Nakota or Nakonabi People means the friendly or quiet people but we are no longer going to be quiet. Carry the Kettle First Nation's new relationship with TransCanada demonstrates a different era in Carry the Kettle's relationships with Settler Society and that it will change and contrast the negative relationships experienced by Carry the Kettle in the past.

"Today we still have our rights and rights over our traditional lands and thousands of acres of Treaty and owned lands across the Canadian Prairies. We have grown in population to almost 3,000 people and we have grown in capacity and skills to govern ourselves and compete in Canadian society. This week we are announcing the signing of a term sheet agreement with our long-term partner TransCanada, who has had pipelines on our lands for over 60 years and now we have signed an agreement where both parties benefit as a true partnership. We look forward to a long-term, mutually-beneficial relationship with our true partner."

The agreement includes communications and consulting provisions to benefit the community. In addition, a dedicated liaison committee will ensure that the ongoing relationship is supported by good and direct communications between the parties, and that for future TransCanada projects adequate engagement with Carry the Kettle takes place. The agreement also resolves issues with respect to TransCanada's on-going tenure on reserve land.

With several TransCanada assets crossing Carry the Kettle reserve land, this agreement also ensures the community can meaningfully participate in the full lifecycle of the Energy East Pipeline Project - from review to operation. TransCanada employs engagement processes which vary depending on the nature, scope and location of each project and the individual concerns and interests of each community.

"Trusting relationships with First Nations along the route help build strong communities, contribute to mutual understanding and provide TransCanada with unique insight that will make Energy East a better project for all involved," said John Soini, Energy East president. "Working closely with Carry the Kettle First Nation to learn how we can provide meaningful support is part of our long-term commitment to this community."

The Energy East Work Plan component of the agreement will provide the First Nation with funds to proceed with community projects, including a proposed rink, elders' home and emergency services infrastructure.

About Carry the Kettle First Nation

Carry the Kettle First Nation is a Nakota (Assiniboine) Nation with its administration located approximately 80 kilometres (kms) (50 miles) east of Regina, Saskatchewan, and 13 kms (8.1 miles) south of Sintaluta, Saskatchewan.

About TransCanada

With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 67,000 kilometres (42,000 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 368 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 13,100 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest liquids delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit TransCanada.com and our blog to learn more, or connect with us on social media and 3BL Media.