April 29 (Reuters) - TransCanada Corp TRP.TO , the
country's No.2 pipeline operator, reported a 35 percent fall in
quarterly profit, mainly due to a C$176 million after-tax charge
related to its decision to end agreements to buy electricity
from coal-fired plants in Alberta.
Net income attributable to shareholders fell to C$252
million ($201 million), or 36 Canadian cents per share, in the
first quarter ended March 31, from C$387 million, or 55 Canadian
cents, a year earlier.
Comparable earnings, which exclude most one-time items, rose
to C$494 million, or 70 Canadian cents per share, from C$465
million, or 66 Canadian cents per share, a year earlier.
($1 = 1.2523 Canadian dollars)