TransCanada Named One of Canada's Top 100 Employers
CALGARY, Alberta - October 15, 2010 - TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today was named one of Canada's Top 100 Employers. It is the first time TransCanada has been awarded this prestigious distinction which considers the employment practices and workplace environment of thousands of companies across the country.
"TransCanada is pleased to be named one of Canada's Top 100 Employers. This demonstrates that we have been successful in creating the programs and culture that attract and retain top talent," said Sarah Raiss, TransCanada, executive vice-president, Corporate Services. "Our employees know that everything they do at TransCanada contributes to the company's success across North America."
As part of an annual survey conducted by Mediacorp Canada Inc., more than 12,500 companies were invited to apply for the Top Employers distinction this year. Only 100 companies are named to the list. The application process covers eight key areas including physical workplace, benefits, communications, community involvement and performance management.
In addition, TransCanada's employees participated in an independently administered survey that provided additional input for the judging panel. Employees were asked nine questions about different factors that measure employee engagement. TransCanada scored significantly higher on all measures of employee engagement than the average of other Canadian companies. Survey results showed:
- 94 per cent believe in TransCanada's goals and objectives compared to the Canadian average of only 59 per cent
- 94 per cent are proud to tell others they work for TransCanada whereas the Canadian average is 28 points lower at 66 per cent
TransCanada has an exceptional North American team of more than 4,200 committed and motivated employees who bring skill, experience, energy and knowledge to the work that they do. The company-wide culture that guides TransCanada is built on the values of integrity, collaboration, responsibility and innovation. Earlier this year, the company was named one of Canada's Best Diversity Employers of 2010 and one of Alberta's Top 50 Employers. In 2009 and 2010, TransCanada was selected by Mediacorp as one of the Best Employers for New Canadians.
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 and oil pipelines, power generation and gas storage facilities. TransCanada's network of wholly owned natural gas pipelines extends more than 60,000 kilometres (37,000 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 approximately 380 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns, or has interests in, over 10,800 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest oil delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. For more information visit: www.transcanada.com.
TRANSCANADA FORWARD-LOOKING INFORMATION
This news release may contain certain information that is forward looking and is subject to important risks and uncertainties. The words "anticipate", "expect", "believe", "may", "should", "estimate", "project", "outlook", "forecast" or other similar words are used to identify such forward-looking information. Forward-looking statements in this document are intended to provide TransCanada securityholders and potential investors with information regarding TransCanada and its subsidiaries, including management's assessment of TransCanada's and its subsidiaries' future financial and operations plans and outlook. Forward-looking statements in this document may include, among others, statements regarding the anticipated business prospects, projects and financial performance of TransCanada and its subsidiaries, expectations or projections about the future, and strategies and goals for growth and expansion. 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 that could cause actual results or events to differ materially from current expectations include, among others, the ability of TransCanada to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the operating performance of TransCanada's pipeline and energy assets, the availability and price of energy commodities, capacity payments, regulatory processes and decisions, changes in environmental and other laws and regulations, competitive factors in the pipeline and energy sectors, construction and completion of capital projects, labour, equipment and material costs, access to capital markets, interest and currency exchange rates, technological developments and economic conditions in North America. By its nature, 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 (SEC). Readers are cautioned to not 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.