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TRANSCANADA MAKES A & S ANNOUNCEMENT

 TRANSCANADA MAKES A & S ANNOUNCEMENT
 CALGARY, Alberta, Dec. 3 /PRNewswire/ -- TransCanada PipeLines


(Toronto, Montreal, Vancouver, Calgary: TRP) announced today that its discussions with Pacific Gas and Electric Co. ("PG & E") with respect to the possible acquisition by TransCanada of PG & E's wholly owned subsidiary Alberta and Southern Gas Co. Ltd. ("A & S") have concluded and that TransCanada will not be making an offer to purchase A & S.
 "TransCanada's decision not to make an offer to acquire A & S will not have any impact on the proposed purchase by TransCanada of Pacific Gas Transmission Company ('PGT') including PGT's 49 per cent interest in Alberta Natural Gas Co. ('ANG')," said Gerald J. Maier, TransCanada's president and chief executive officer. Discussions with regard to the conclusion of the definitive share purchase agreement for PGT/ANG are continuing. TransCanada expects that the transaction, which is subject to the conclusion of the definitive share purchase agreement and the receipt of regulatory approvals, will occur in 1992.
 -0- 12/3/91
 /CONTACT: Frank Dabbs of TransCanada PipeLines Ltd., 403-267-8525/
 (TRP.) CO: TransCanada PipeLines Limited ST: Alberta IN: OIL SU:


AL -- LA024 -- 8836 12/03/91 14:31 EST
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Publication:PR Newswire
Date:Dec 3, 1991
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