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TRANSCANADA PIPELINES DECLARES DIVIDENDS

 CALGARY, Alberta, March 17 /PRNewswire/ -- The board of directors of TransCanada PipeLines (Toronto, Montreal, Vancouver, Calgary: TRP) today declared a quarterly dividend of 21 cents per share on the outstanding common shares for the quarter ending March 31, 1993. This is the 117th consecutive dividend paid by TransCanada on its common shares. The dividend will be payable on April 30, 1993, to the shareholders of record at the close of business on March 31, 1993.
 TransCanada's board of directors also declared regular dividend payments on preferred shares for the quarter ending May 1, 1993. The following preferred dividends are payable May 1, 1993, to the shareholders of record at the close of business on March 31, 1993.
 Dividend No. 108 was declared on the $2.80 cumulative redeemable first preferred shares in the amount of 70 cents per share.
 Dividend No. 33 was declared on the cumulative redeemable first preferred shares series H in the amount of $1.0875 per share.
 Dividend No. 30 was declared on the cumulative redeemable first preferred shares series I in the amount of $0.975 per share.
 Dividend No. 14 was declared on the cumulative redeemable perpetual first preferred shares series K in the amount of $9,600 per share.
 Dividend No. 10 was declared on the cumulative redeemable perpetual first preferred shares series M in the amount of $10,687.50 per share.
 Dividend No. 9 was declared on the cumulative redeemable retractable first preferred shares series N in the amount of $1.125 per share.
 Dividend No. 5 was declared on the cumulative redeemable first preferred shares series O in the amount of $0.9875 per share.
 R R Dividend No. 3 was declared on the cumulative redeemable first preferred shares series P in the amount of $0.96875 per share.
 Dividend No. 4 was declared on the cumulative equity second preferred shares series B in the amount of $0.3125 per share.
 In addition, Dividend No. 11 was declared on the cumulative redeemable perpetual first preferred shares series L in the amount of $10,156.25 per share for the quarter ending June 1, 1993, payable June 1, 1993, to the shareholders of record at the close of business on April 30, 1993.
 -0- 3/17/93 R
 /CONTACT: Frank Dabbs of TransCanada PipeLines Ltd., 403-267-8525/
 (TRP.)


CO: TransCanada PipeLines Ltd. ST: Alberta IN: OIL SU: DIV

KJ -- LA020 -- 7303 03/18/93 08:43 EST
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Publication:PR Newswire
Date:Mar 18, 1993
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