Exhibit 4.11

 













 



Strategic Plan   Update Actions Strengthen Financial Position and Enhance Future Dividend   Growth November 1, 2016


    




 











Prospectus and   Additional Information An amended and restated preliminary short form   prospectus containing important information relating to the securities   described in this presentation has not yet been filed with the securities   regulatory authorities in each of the provinces and territories of Canada. A   copy of the amended and restated preliminary short form prospectus is   required to be delivered to any investor that received this presentation and   expressed an interest in acquiring the securities. There will not be any sale   or any acceptance of an offer to buy the securities until a receipt for the   final short form prospectus has been issued. This presentation does not   provide full disclosure of all material facts relating to the securities   offered. Investors should read the amended and restated preliminary short   form prospectus, final short form prospectus and any amendment, for   disclosure of those facts, especially risk factors relating to the securities   offered, before making an investment decision. The issuer has filed a   registration statement (including a prospectus) with the Securities and   Exchange Commission (SEC) for the offering to which this communication   relates. These securities may not be sold nor may offers to buy be accepted   prior to the time the registration statement becomes effective. Before you   invest, you should read the prospectus in that registration statement and   other documents the issuer has filed with the SEC for more complete   information about the issuer and this offering. The issuer has also filed the   prospectus relating to the offering with each of the provincial and   territorial securities regulatory authorities in Canada. You may get any of   these documents for free by visiting EDGAR on the SEC website at www.sec.gov   or via SEDAR at www.sedar.com. Alternatively, the issuer, any underwriter or   any dealer participating in the offering will arrange to send you the   prospectus if you request it in the U.S. from TD Securities (USA) LLC (tel:   212-827-7392), 31 W 52nd Street, New York NY 10019, BMO Capital Markets   Corp., Attn: Equity Syndicate Department, 3 Times Square,25th Floor, New   York, NY 10036 (tel: 800-414-3627; email: bmoprospectus@bmo.com) or RBC   Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098,   Attention: Equity Syndicate, (tel: 877-822-4089; Email:   equityprospectus@rbccm.com), or in Canada from TD Securities Inc., Attention:   Symcor, NPM (tel: 289-360-2009, email: sdcconfirms@td.com), 1625 Tech Avenue,   Mississauga ON L4W 5P5, BMO Capital Markets, Brampton Distribution Centre C/O   The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2   (tel: 905-791-3151 Ext 4312; email: torbramwarehouse@datagroup.ca) or RBC   Dominion Securities Inc., Attn: Simon Yeung, Distribution Centre, RBC   Wellington Square, 8th Floor, 180 Wellington St. W., Toronto, Ontario, M5J   0C2 (tel: 416-842-5349; E-mail: Distribution.RBCDS@rbccm.com). Additional   Information and Where to Find it: In connection with the proposed acquisition   of the outstanding common units of Columbia Pipeline Partners LP (CPPL), CPPL   will file with the SEC a proxy statement with respect to a special meeting of   its unitholders to be convened to approve the transaction. The definitive   proxy statement will be mailed to the unitholders of CPPL. INVESTORS ARE   URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY   BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE   TRANSACTION. Investors will be able to obtain these materials, when they are   available, and other documents filed with the SEC free of charge at the SEC’s   website, www.sec.gov. In addition, copies of the proxy statement, when   available, may be obtained free of charge by accessing CPPL’s website at   www.columbiapipelinepartners.com or by writing CPPL at 5151 San Felipe   Street, Suite 2500, Houston, Texas 77056, Attention: Corporate Secretary.   Investors may also read and copy any reports, statements and other   information filed by CPPL with the SEC, at the SEC public reference room at   100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at   1-800-SEC-0330 or visit the SEC’s website for further information on its   public reference room. Participants in the Merger Solicitation Columbia   Pipeline Group, Inc. (Columbia), an indirect wholly owned subsidiary of the   Company, and certain of its directors, executive officers and other members   of management and employees may be deemed to be participants in the   solicitation of proxies in respect of the transaction. Information regarding   Columbia’s directors and executive officers is available in its Current   Report on Form 8-K filed with the SEC on July 1, 2016. Other information   regarding the participants in the proxy solicitation and a description of   their direct and indirect interests, by security holdings or otherwise, will   be contained in the proxy statement and other relevant materials to be filed   with the SEC when they become available.


    




 











Forward Looking   Information and Non-GAAP Measures This presentation includes certain forward   looking information, including future oriented financial information or   financial outlook, which is intended to help current and potential investors   understand management’s assessment of our future plans and financial outlook,   and our future prospects overall. Statements that are forward-looking are   based on certain assumptions and on what we know and expect today and   generally include words like anticipate, expect, believe, may, will, should,   estimate or other similar words. Forward-looking statements do not guarantee   future performance. Actual events and results could be significantly   different because of assumptions, risks or uncertainties related to our   business or events that happen after the date of this presentation. Our   forward-looking information in this presentation includes statements related   to: future dividend growth, the completion of the transactions contemplated   by our agreements to sell our U.S. Northeast power assets and our agreement   to acquire all of the outstanding common units of CPPL, our agreement with   the underwriters in respect of the common share offering, the future growth   of our Mexican natural gas pipeline business, our successful integration of   Columbia and the successful completion of our Common Share Offering. Our   forward looking information is based on certain key assumptions and is   subject to risks and uncertainties, including but not limited to: our ability   to successfully implement our strategic initiatives and whether they will   yield the expected benefits including the expected benefits of the   acquisition of Columbia and the expected growth of our Mexican natural gas   pipeline business, that the conditions to the closing of the Common Share   offering will occur in a timely manner, or at all, timing and completion of   our planned asset sales, the operating performance of our pipeline and energy   assets, economic and competitive conditions in North America and globally,   the availability and price of energy commodities and changes in market   commodity prices, the amount of capacity sold and rates achieved in our   pipeline businesses, the amount of capacity payments and revenues we receive   from our energy business, regulatory decisions and outcomes, outcomes of   legal proceedings, including arbitration and insurance claims, performance of   our counterparties, changes in the political environment, changes in   environmental and other laws and regulations, construction and completion of   capital projects, labour, equipment and material costs, access to capital   markets, interest, inflation and foreign exchange rates, weather, cyber   security and technological developments. You can read more about these risks   and others in our Quarterly Report to shareholders dated November 1, 2016 and   2015 Annual Report filed with Canadian securities regulators and the SEC and   available at www.transcanada.com. As actual results could vary significantly   from the forward-looking information, you should not put undue reliance on   forward-looking information and should not use future-oriented information or   financial outlooks for anything other than their intended purpose. We do not   update our forward-looking statements due to new information or future   events, unless we are required to by law. This presentation contains   reference to certain financial measures (non-GAAP measures) that do not have   any standardized meaning as prescribed by U.S. generally accepted accounting   principles (GAAP) and therefore may not be comparable to similar measures   presented by other entities. These non-GAAP measures may include Comparable   Earnings, Comparable Earnings per Share, Earnings Before Interest, Taxes,   Depreciation and Amortization (EBITDA), Comparable Funds Generated from   Operations and Comparable Distributable Cash Flow (DCF). Reconciliations to   the most closely related GAAP measures are included in this presentation and   in our Quarterly Report to shareholders dated November 1, 2016 filed with   Canadian securities regulators and the SEC and available at   www.transcanada.com.


    




 











Presenters Russ   Girling, President and Chief Executive Officer Don Marchand, EVP, Corporate   Development and CFO 4


    




 











Strategic Plan   Update Highlights Third Quarter Results Reflect Strong Operating Performance   Net loss attributable to common shares of $135 million or $0.17 per share includes   $656 million after-tax goodwill impairment charge related to the U.S.   Northeast Power business Comparable earnings of $622 million or $0.78 per   share Comparable funds generated from operations of $1.4 billion Expect to   Realize ~US$3.7 Billion from Monetization of U.S. Northeast Power Business   Proceeds to repay a portion of the US$6.9 billion senior unsecured asset   bridge term loan credit facilities (Columbia bridge loan facilities) used to   partially finance the Columbia acquisition Maintaining Full Ownership   Interest in Mexico US$3.8 billion of projects targeted to enter service by   the end of 2018 Annual EBITDA expected to increase to approximately US$575   million from US$181 million in 2015 Reached Agreement to Acquire Columbia   Pipeline Partners LP Common Units for US$17.00 per Unit US$915 million   acquisition subject to unitholder approval and other customary closing   conditions Financing Plan Issuing ~$3.2 billion of common shares under a   bought deal plus a 10 per cent over-allotment option Proceeds to repay a   portion of the Columbia bridge loan facilities following decision to maintain   current ownership interest in Mexico 5 Actions Expected to be Accretive to   Earnings Per Share, Strengthen Financial Position and Support 10 Per Cent   Annual Dividend Growth Through 2020


    




 











Comparable   Distributable Cash Flow* ($Millions) Financial Highlights – Three Months   ended September 30 (Non-GAAP) 0.62 0.78 1,148 1,411 953 1,025 Comparable   Earnings per Share* (Dollars) Comparable Funds Generated from Operations*   ($Millions) 6 *Comparable Earnings per Share, Comparable Funds Generated from   Operations and Comparable Distributable Cash Flow are non-GAAP measures. See   the non-GAAP measures slide at the front of this presentation for more   information. 2015 2016 2015 2016 2015 2016


    




 











Monetization of   U.S. Northeast Power Business Expect to realize ~US$3.7 billion for business   Entered agreements to sell Ravenswood, Ironwood, Ocean State Power and Kibby   Wind to Helix Generation, LLC, an affiliate of LS Power Equity Advisors for   US$2.2 billion and TC Hydro to Great River Hydro, LLC, an affiliate of   ArcLight Capital Partners, LLC. for US$1.065 billion Remainder attributable   to power marketing business which is expected to be realized going forward   Proceeds to repay a portion of Columbia bridge loan facilities Expected to   result in a ~$1.1 billion after-tax net loss including goodwill impairment   Sales expected to close in first half of 2017, subject to regulatory and   other approvals and will include closing adjustments Exiting U.S. Merchant   Power Business; Expected to Increase Predictability and Stability of EBITDA   Asset Generating Capacity (MW) Type of Fuel TC Hydro 583 Hydro Kibby Wind 132   Wind Ravenswood 2,480 Natural Gas and Oil Ironwood 778 Natural Gas Ocean   State Power 560 Natural Gas Total 4,533 7


    




 











Mexico Natural   Gas Pipeline Business Guadalajara and Tamazunchale in-service US$3.8 billion   being invested in five new pipelines which are expected to enter service by   the end of 2018 Underpinned by 25-year, U.S. dollar contracts with Comisión   Federal de Electricidad (CFE) US$1.4 billion Topolobampo and Mazatlan   projects substantially complete Once completed, portfolio is expected to   generate annual EBITDA of approximately US$575 million up from US$181 million   in 2015 More compelling to maintain ownership interest and access capital   markets Maximizes short- and long-term value Retain future growth   opportunities Simple corporate structure 8 Accretive to Earnings Per Share


    




 











Master Limited   Partnership Strategic Review Entered into agreement to acquire the   outstanding common units of Columbia Pipeline Partners LP (CPPL) for cash at   a price of US$17.00 per common unit US$915 million acquisition subject to unitholder   approval Expect acquisition to close in first quarter 2017 Results in 100 per   cent ownership of Columbia’s core assets, is expected to be accretive to   earnings per share and simplifies corporate structure TransCanada Corporation   (TSX, NYSE:TRP) TC PipeLines, LP (NYSE:TCP) Columbia Pipeline Partners LP   (NYSE:CPPL) CPPL Public Unit Holders 46.5% Indirect Ownership TCP Public Unit   Holders 53.5% 72.9%* 27.1%* Indirect Ownership *As of September 30, 2016 9   Acquiring outstanding common units TC PipeLines, LP Remains a Core Element of   TransCanada’s Strategy


    




 











Columbia   Pipeline Integration Transformational acquisition created one of North   America’s largest regulated natural gas transmission businesses and provides   a new platform for growth CPPL acquisition increases ownership in principal   Columbia assets to 100 per cent Significant progress made in integrating   Columbia’s operations Expect to realize targeted US$250 million of annualized   benefits associated with acquisition Advancing US$7.7 billion portfolio of   growth initiatives and modernization investments Illustrates the   configuration of TransCanada’s natural gas pipeline network 10 Incumbent   Position in North America’s Most Prolific, Low Cost Natural Gas Basins


    




 











$25 Billion   Visible Near-Term Capital Program Illustrates the configuration of   TransCanada’s near-term projects Project Estimated Capital Cost* Expected   In-Service Date* Topolobampo US1.0 2017 Mazatlan US0.4 2016 Canadian Mainline   0.7 2016-2017 NGTL System 5.4 2016-2020 Tula US0.5 2017 Columbia US7.7   2016-2020 Villa de Reyes US0.6 2018 Sur de Texas US1.3 2018 Grand Rapids 0.9   2017 Northern Courier 1.0 2017 Napanee 1.1 2018 Bruce Power Life Extension   1.2 2016-2020 Total Canadian Equivalent (1.31 exchange rate) CAD25.4 *   TransCanada share in billions of dollars. Certain projects are subject to   various conditions including corporate and regulatory approvals. 11 Expected   to Generate Significant Growth in Earnings and Cash Flow *Map to be updated


    




 











Issuing ~$3.2   Billion of Common Shares Under Bought Deal Proceeds to be used to repay a   portion of the Columbia bridge loan facilities following decision to maintain   full ownership interest in Mexico Over-allotment option for up to 10 per cent   Numerous Other Levers Available to Fund Growth $2.3 billion of cash and cash   equivalents on hand as of September 30, 2016 Strong and growing internally   generated cash flow Access to capital markets including: Senior debt   Preferred shares and hybrid securities Dividend Reinvestment Plan and ATM, if   appropriate $175 million or 39 per cent of third quarter 2016 dividends   reinvested in common shares Portfolio management including dropdowns to TC   PipeLines, LP Funding Near-Term Growth 12 Well Positioned to Fund Near-Term   Capital Program


    




 











Dividend Growth   Outlook Through 2020 10% CAGR 7% CAGR Supported by Expected Growth in   Earnings and Cash Flow 13 0.80 2.26 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09   '10 '11 '12 '13 '14 '15 '16 '17E '18E '19E '20E


    




 











Key Takeaways   Monetization of U.S. Northeast Power business increases stability and   predictability of EBITDA Maintaining current interest in Mexican natural gas   pipelines business maximizes value and maintains simple corporate structure   Acquisition of CPPL common units increases ownership in principal Columbia   assets and further simplifies corporate structure Actions expected to be   accretive to earnings per share Supports 10 per cent expected annual dividend   growth through 2020 Builds on Track Record of Delivering Shareholder Value 14


    




 











Strong   Financial Position ‘A’ grade credit rating Numerous levers available to fund   future growth Track Record of Delivering Long-Term Shareholder Value 15%   average annual return since 2000 Visible Growth Portfolio $25.4 billion to   2020 Additional opportunity set includes over $45 billion of medium to   longer-term projects Attractive, Growing Dividend 3.7% yield at current price   10% expected CAGR through 2020 Value Proposition Actions Strengthen Financial   Position and Enhance Future Dividend Growth


    




 











Strategic Plan   Update Actions Strengthen Financial Position and Enhance Future Dividend   Growth November 1, 2016


    




 











Appendix –   Reconciliation of Non-GAAP Measures 17 *Comparable Earnings and Comparable   Earnings per Share are non-GAAP measures. See the non-GAAP measures slide at   the front of this presentation for more information. 2016 2015 Net   (Loss)/Income Attributable to Common Shares (135) 402 Specific items (net of   tax): Ravenswood goodwill impairment 656 - Acquisition related costs -   Columbia 67 - Keystone XL income tax recoveries (28) - Keystone XL asset   costs 9 - Restructuring costs - 6 U.S. Northeast Power business monetization   3 - Risk management activities 50 32 Comparable Earnings* 622 440 Net   (Loss)/Income Per Common Share ($0.17) $0.57 Specific items (net of tax):   Ravenswood goodwill impairment 0.82 - Acquisition related costs - Columbia   0.09 - Keystone XL income tax recoveries (0.03) - Keystone XL asset costs   0.01 - Restructuring costs - 0.01 U.S. Northeast Power business monetization   - - Risk management activities 0.06 0.04 Comparable Earnings Per Common   Share* $0.78 $0.62 Average Common Shares Outstanding (millions) 797 709 Three   months ended September 30


    




 











Appendix –   Reconciliation of Non-GAAP Measures continued 18 *Funds Generated from   Operations, Comparable Funds Generated from Operations and Comparable   Distributable Cash Flow are non-GAAP measures. See the non-GAAP measures   slide at the front of this presentation for more information. 2016 2015 Net   Cash Provided by Operations 1,183 1,247 Increase/(decrease) in operating   working capital 110 (107) Funds Generated from Operations* 1,293 1,140   Specific items: Acquisition related costs - Columbia 99 - Keystone XL asset   costs 14 - Restructuring costs - 8 U.S. Northeast Power business monetization   5 - Current income taxes - - Comparable Funds Generated from Operations*   1,411 1,148 Dividends on preferred shares (28) (23) Distributions paid to   non-controlling interests (77) (60) Distributions received in excess of   equity earnings 30 111 Maintenance capital expenditures including equity   investments (311) (223) Comparable Distributable Cash Flow* 1,025 953 Three   months ended September 30