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FORM 6-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2003 COMMISSION FILE NO. 1-31690 TRANSCANADA CORPORATION (TRANSLATION OF REGISTRANT'S NAME INTO ENGLISH) 450 - 1 STREET S.W., CALGARY, ALBERTA, T2P 5H1, CANADA (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F) Form 20-F Form 40-F X ------------- ------------- (Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.) Yes No X ------------- ------------- A copy of the Registrant's News Release dated May 15, 2003 announcing that a Plan of Arrangement between TransCanada Corporation and TransCanada PipeLines Limited became effective is furnished herewith as Exhibit "1". SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TRANSCANADA CORPORATION By: /s/ Rhondda E.S. Grant -------------------------------------- Rhondda E.S. Grant Vice-President and Corporate Secretary May 27, 2003 EXHIBIT INDEX 1. News Release of the Registrant dated May 15, 2003 entitled "TransCanada Corporation Arrangement Effective Today". - ---------------------
[logo] - ----------------------------------------------------------------------------- N E W S R E L E A S E TRANSCANADA CORPORATION ARRANGEMENT EFFECTIVE TODAY CALGARY, Alberta - May 15, 2003 - (TSX: TRP) (NYSE: TRP) - TransCanada Corporation announced that the plan of arrangement to establish it as the parent company of TransCanada PipeLines Limited has received all necessary regulatory approvals and certificates making it effective today. As of today, common shareholders of TransCanada PipeLines Limited have automatically become common shareholders of TransCanada Corporation. Each TransCanada PipeLines Limited common share is recognized as one TransCanada Corporation common share. TransCanada Corporation common shares are now publicly traded on the Toronto and New York stock exchanges under the symbol "TRP", the symbol historically used by TransCanada PipeLines Limited. Preferred shares in TransCanada PipeLines Limited are publicly traded under the new symbol "TCA". The establishment of TransCanada Corporation will have no impact on TransCanada PipeLines Limited's day to day operations, services or obligations. The assets and liabilities of TransCanada PipeLines Limited remain with TransCanada PipeLines Limited. Debt holders and preferred shareholders of TransCanada PipeLines Limited continue to hold these securities in this company. TransCanada Corporation owns all of the outstanding common shares of TransCanada PipeLines Limited. TransCanada is a leading North American energy company. We are focused on natural gas transmission and power services with employees who are expert in these businesses. Our network of approximately 38,000 kilometres of pipeline transports the majority of Western Canada's natural gas production to the fastest growing markets in Canada and the United States. TransCanada has interests in more than 4,000 megawatts of power - an equal amount of power can meet the needs of about four million average households. Our common shares trade under the symbol TRP on the Toronto and New York stock exchanges. Visit us on the internet at www.transcanada.com for more information. FORWARD LOOKING INFORMATION CERTAIN INFORMATION IN THIS NEWS RELEASE IS FORWARD-LOOKING AND IS SUBJECT TO IMPORTANT RISKS AND UNCERTAINTIES. THE RESULTS OR EVENTS PREDICTED IN THIS INFORMATION MAY DIFFER FROM ACTUAL RESULTS OR EVENTS. FACTORS WHICH COULD CAUSE ACTUAL RESULTS OR EVENTS TO DIFFER MATERIALLY FROM CURRENT EXPECTATIONS INCLUDE, AMONG OTHER THINGS, THE ABILITY OF TRANSCANADA TO SUCCESSFULLY IMPLEMENT ITS STRATEGIC INITIATIVES AND WHETHER SUCH STRATEGIC INITIATIVES WILL YIELD THE EXPECTED BENEFITS, THE AVAILABILITY AND PRICE OF ENERGY COMMODITIES, REGULATORY DECISIONS, COMPETITIVE FACTORS IN THE PIPELINE AND POWER INDUSTRY SECTORS, AND THE CURRENT ECONOMIC CONDITIONS IN NORTH AMERICA. FOR ADDITIONAL INFORMATION ON THESE AND OTHER FACTORS, SEE THE REPORTS FILED BY TRANSCANADA WITH CANADIAN SECURITIES REGULATORS AND WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION. TRANSCANADA DISCLAIMS ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD- LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE. - 30 - Media Inquiries: Glenn Herchak/Hejdi Feick (403) 920-7877 Investor & Analyst Inquiries: David Moneta/Debbie Persad (403) 920-7911