March 7 (Reuters) - TransCanada Corp TRP.TO :
* Press release - Transcanada to terminate Alberta power purchase arrangements
* Says termination affects the sheerness, sundance a and Sundance B PPAS.
* Says company expects the termination will improve cash flow and comparable
earnings in the near term
* Says expects to record a non-cash charge of approximately $235 million
pre-tax ($175 million after-tax)
* Says unprofitable market conditions are expected to continue as costs related
to co2 emissions have increased
* Company does not view action on the ppas as a "full retreat" from the Alberta
power market
* Source text for Eikon ID:nCCNSq605
* Further company coverage TRP.TO