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This week, economic data out of Japan is expected to reflect improvements in third quarter capital spending and labor cash earnings.

Business Mlm Opportunity (AXcess News) Calgary, Alberta - TransCanada Corporation (NYSE: TRP) said Teusday that its earnings were nearly double for the third quarter thanks in large part to an after-tax gain of $193 million or $0.40 per share realized onthe sale of TransCanada Power, L.P.

The Company forecasts third quarter 2007 earnings per diluted share in the range of $0.53 to $0.57, which compares to $0.56 in last year's third quarter. Included in this guidance is $0. offs associated with the Company's expense reduction initiatives. The Company expects full year 2007 earnings per diluted share to be in the range of $2.24 to $2.32, including the previously referenced $0.04 per share.

Based Business Home Income TransCanada reported earnings of $427 million or $0.88 per share for the third quarter compared to $245 million or $0.51 per share for the same period in 2004. Net income for third quarter 2004 included net income from discontinued operations of $52 million or $0.11 per share, reflecting recognition of initially deferred gains relating to the disposition of thecompany's Gas Marketing business in 2001.

The Company reported recurring earnings before interest, taxes, depreciation and amortization (EBITDA) of $39.3 million for the third quarter and $88.4 million for the first nine months of 2002, compared to $38.5 million for the third quarter of 2001 and $88.2 million for the first nine months of 2001. Franchise EBITDA margins were 72.7% for the third quarter of 2002 and 67.7% for the first nine months of 2002, compared to 73.3% and 67.7%, respectively, for the same periods a year ago.

Based Business Home Internet Net income from continuing operations (net earnings) for third quarter 2005 of $427 million or $0.88 per share rose by $234 million or $0.48 per share. This increase was primarily due to an after-tax gain of $193 million or $0.40 per share from the sale of the company's interest in Power LP to EPCOR Utilities Inc. (EPCOR). Excluding this non-recurring gain, net earnings for third quarter 2005 were $234 million or $0.48 per share compared to net earnings of $193 million or $0.40 per share for third quarter 2004. This increase was mainly due to higher net earnings from the Power and Gas Transmission businesses, partially offset by an increase in Corporate's net expenses.

TransCanada's net income for the nine months ended September 30, 2005 was $859 million or $1.77 per share compared to $847 million or $1.75 per share for the comparable period in 2004. Net income for the nine months ended September 30, 2004 included net income from discontinued operations of $52 million or $0.11 per share.

Net earnings for the nine months ended September 30, 2005 were $859 million or $1.77 per share compared to $795 million or $1.64 per share for the comparable period in 2004. Net earnings for the first nine months of 2005 included non-recurring gains totalling $242 million relating to the sale of the company's interest in Power LP and the sale of TC PipeLines, LP (PipeLines LP) units, while net earnings for the nine months ended September 30, 2004 included after-tax gains related to the sale of assets to Power LP and other non-recurring gains totalling $194 million. Excluding non-recurring items, TransCanada's net earnings on a year-to-date basis increased $16 million or $0.03 per share.

Earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations, cash and other charges as outlined above, was a gain of $0.3 million for the fourth quarter of 2001. This compares to a loss of $2.4 million in the third quarter of 2001 and a loss of $29.5 million in the fourth quarter of 2000, measured on the same basis. For the fourth quarter of 2001, Stamps.com acquired 27 thousand gross customers and ended the quarter at 280 thousand customers.

Business Homebased Opportunity Funds generated from operations were $489 million and $1,375 million for the three and nine months ended September 30, 2005, respectively, compared with $387 million and $1,184 million for the same periods in 2004.

"Higher net income from our Power business was driven in large part by higher equity income from our investment in Bruce Power," said Hal Kvisle, chief executive officer. "Also contributing to earnings growth on a year-over-year basis were contributions from TransCanada Hydro Northeast and Gas Transmission Northwest, both of which were acquired over the past year.

"These results demonstrate that our growth strategy in our core businesses - and our prudent, disciplined approach to new investments - is delivering strong overall financial performance and creating tangible value for our shareholders. Our growing earnings and cash flow and our strong balance sheet are clear evidence our strategy is working," he added.

"Our announcement in October of our increased interest in the Bruce A facilities and our intent to invest in the Bruce Power refurbishment and restart program is an excellent example of our ability to add to our portfolio of high-quality, long-life energy infrastructure assets."

On October 17, 2005, TransCanada announced that Bruce Power and the OPA, a Crown Corporation of the Province of Ontario, entered into a long-term agreement under which Bruce Power will restart the currently idle Units 1 and 2, extend the operating life of Unit 3 by replacing its steam generators and fuel channels when required and replace the steam generators on Unit 4. With the restart of Units 1 and 2, Bruce Power's output will rise by approximately 1,500 megawatts to more than 6,200 MW. The capital program for the restart and refurbishment work is expected to total approximately $4.25 billion. TransCanada's approximate $2.125 billion share will be financed through capital contributions over the period from 2005 to 2011.

Earnings per diluted share for the third quarter were $.57. offs associated with the Company¯ expense reduction initiatives, earnings per diluted share were $.61 compared to $.56 last year, an 8.9% increase. In the third quarter, sales increased to $1.16 billion from $1.10 billion last year. store sales increased 1.1% in the quarter, comprised of a 1.0% yourself (DIY) and an 8.0% me (DIFM). The 1.1% store sales increase compared to a 1.4% increase in last year¯ third quarter.

Shares of TransCanada were last quoted at $30.07, up 26 cents at 2:48pm EST monday.