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  Exhibit 4.9    
    

  

Alberta
Securities Commission

British Columbia Securities Commission

Saskatchewan Financial Services Commission — Securities Division

The Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers

Nova Scotia Securities Commission

Prince Edward Island Securities Office

Securities Commission of Newfoundland and Labrador

New Brunswick Securities Commission

Registrar of Securities, Nunavut

Registrar of Securities, Northwest Territories

Registrar of Securities, Government of the Yukon Territory 

Dear
Sirs/Mesdames: 

 Re: TransCanada Corporation (the "Corporation")  

We refer to the short form base shelf prospectus of the Corporation dated November 14, 2011 relating to the sale and issue of up to $2,000,000,000 of common shares, first preferred
shares, second preferred shares and subscription receipts of the Corporation.

 

We
consent to being named and to the use, through incorporation by reference in the short form base shelf prospectus, of our report dated February 14, 2011 to the shareholders of the
Corporation on the following financial statements: 

	•
	Consolidated balance sheets as at December 31, 2010 and 2009,   

	•
	Consolidated statements of income, comprehensive income, accumulated other comprehensive income, shareholders' equity and
cash flows for each of the years in the three-year period ended December 31, 2010, and   

	•
	Notes comprising a summary of significant accounting policies and other explanatory information. 

We
also consent to the use, through incorporation by reference in the short form base shelf prospectus, of our report dated February 14, 2011 to the directors of the Corporation on the related
supplemental note entitled "Reconciliation to United States GAAP" as at December 31, 2010 and 2009 and for each of the years in the three-year period ended
December 31, 2010. 

We
report that we have read the short form base shelf prospectus and all information specifically incorporated by reference therein and have no reason to believe that there are any misrepresentations
in the information contained therein that are derived from the consolidated financial statements upon which we have reported or that are within our knowledge as a result of our audit of such
consolidated financial statements. 

This
letter is provided solely for the purpose of assisting the securities regulatory authorities to which it is addressed in discharging their responsibilities and should not be used for any other
purpose. Any use that a third party makes of this letter, or any reliance or decisions based on it, are the responsibility of such third parties. We accept no responsibility for loss or damages, if
any, suffered by any third party as a result of decisions made or actions taken based on this letter. 

Yours
very truly, 

  

Chartered
Accountants 

Calgary,
Canada

November 14, 2011 

 

 

			
	 
	 	 

	 	 	KPMG LLP is a Canadian limited liability partnership and a member firm of the KPMG

network of independent member firms affiliated with KPMG International, a Swiss cooperative.

KPMG Canada provides services to KPMG LLP.

 

 

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  Exhibit 4.10    
    

  

 

 

			
	November 14 2011	 	 Reference: 88902/6

 

 VIA
SEDAR 

Alberta Securities Commission (as Principal Regulator under National Policy 11-202)

British Columbia Securities Commission

Saskatchewan Financial Services Commission

Manitoba Securities Commission

Ontario Securities Commission

Autorité des marchés financiers

Nova Scotia Securities Commission

New Brunswick Securities Commission

Securities Commission of Newfoundland and Labrador

Prince Edward Island Securities Office

Northwest Territories Superintendent of Securities

Yukon Territory Superintendent of Securities

Nunavut Superintendent of Securities 

Dear
Sirs/Mesdames: 

Re: Final Short Form Base Shelf Prospectus of TransCanada Corporation

We
refer to the final short form base shelf prospectus dated November 14, 2011 (the "Prospectus") of TransCanada Corporation
(the "Corporation") relating to the offering by the Corporation from time to time of up to $2,000,000,000 aggregate amount of common shares,
first preferred shares, second preferred shares and subscription receipts of the Corporation. 

We
hereby consent to the references to our firm name under the headings "Legal Matters", "Interests of Experts" and "Documents filed as Part of the Registration Statement" in the Prospectus and to the
use of statements attributed to our firm under the heading "Enforceability of Civil Liabilities "in the Prospectus. 

We
confirm that we have read the Prospectus and have no reason to believe that there are any misrepresentations in the information contained in the Prospectus that are derived from the statements
referred to above or that are within our knowledge as a result of the services we performed in connection with such statements. 

This
letter is solely for the information of the securities commissions named above and is not to be referred to in whole or in part in the Prospectus or any other similar document and is not to be
relied upon for any other purpose. 

 

 

			
	 	 	 Yours truly,
	

 	
 	
"Blake, Cassels & Graydon LLP"

  

 

 

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  Exhibit 4.8    
    

         

  

Alberta
Securities Commission 

Dear
Sirs/Mesdames: 

Re: TransCanada PipeLines Limited (the "Company")

        We
refer to the short form base shelf prospectus of the Company dated November 14, 2011 relating to the sale and issue of up to US $4,000,000,000 of debt securities of
the Company. 

        We
consent to being named and to the use, through incorporation by reference in the short form base shelf prospectus, of our report dated February 14, 2011 to the shareholders of
the Company on the following financial statements: 

	•
	Consolidated balance sheets as at December 31, 2010 and 2009,   

	•
	Consolidated statements of income, comprehensive income, accumulated other comprehensive income, shareholders' equity and
cash flows for each of the years in the three-year period ended December 31, 2010, and   

	•
	Notes comprising a summary of significant accounting policies and other explanatory information. 

        We
also consent to the use, through incorporation by reference in the short form base shelf prospectus, of our report dated February 14, 2011 to the directors of the Company on
the related supplemental note entitled "Reconciliation to United States GAAP" as at December 31, 2010 and 2009 and for each of the years in the three-year period ended
December 31, 2010. 

        We
report that we have read the short form base shelf prospectus and all information specifically incorporated by reference therein and have no reason to believe that there are any
misrepresentations in the information contained therein that are derived from the consolidated financial statements upon which we have reported or that are within our knowledge as a result of our
audit of such consolidated financial statements. 

        This
letter is provided solely for the purpose of assisting the securities regulatory authority to which it is addressed in discharging its responsibilities and should not be used for
any other purpose. Any use that a third party makes of this letter, or any reliance or decisions based on it, are the responsibility of such third parties. We accept no responsibility for loss or
damages, if any, suffered by any third party as a result of decisions made or actions taken based on this letter. 

Yours
very truly,

  

Chartered
Accountants

Calgary, Canada

November 14, 2011 

 

 

			
	 
	 	 

	 	 	KPMG LLP is a Canadian limited liability partnership and a member firm of the KPMG

network of independent member firms affiliated with KPMG International, a Swiss cooperative.

KPMG Canada provides services to KPMG LLP.

 

 

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  Exhibit 4.9    
    

  

 

			
	November 14, 2011	 	 Reference: 16531/106

 

 VIA
SEDAR 

 Alberta Securities Commission  

Dear
Sirs/Mesdames: 

 Re: Final Short Form Base Shelf Prospectus of TransCanada PipeLines Limited  

We
refer to the final short form base shelf prospectus dated November 14, 2011 (the "Prospectus") of TransCanada PipeLines Limited
(the "Corporation") relating to the offering from time to time of up to $4,000,000,000 aggregate amount of unsecured debt securities of the
Corporation. 

We
hereby consent to the references to our firm name under the headings "Legal Matters", "Interests of Experts" and "Documents Filed as Part of the Registration Statement" in the Prospectus and to the
use of statements attributed to our firm under the heading "Enforceability of Civil Liabilities" in the Prospectus. 

We
confirm that we have read the Prospectus and have no reason to believe that there are any misrepresentations in the information contained in the Prospectus that are derived from our statements
referred to above or that are within our knowledge as a result of the services we performed in connection with such statements. 

This
letter is solely for the information of the securities commissions named above and is not to be referred to in whole or in part in the Prospectus or any other similar document and is not to be
relied upon for any other purpose. 

 

 

			
	

 	
 	
 Yours truly,
	

 	
 	
 "Blake, Cassels & Graydon LLP"

  

 

 

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Exhibit 4.9

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