CALGARY, ALBERTA -- (Marketwire) -- 10/07/10 -- In light of the Ontario Government's announcement with respect to the Oakville Generating Station, TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) offers the following statement:"We acknowledge the Government's decision that, in its words, a gas plant in Oakville is no longer needed and, as a result, the plant will not proceed."In order to comply with the Government's direction, TransCanada has been informed that the Ontario Power Authority (OPA) wishes to begin discussions where both sides mutually agree to terminate the contract and discuss reasonable payments TransCanada is entitled to."We appreciate the fact
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