Exhibit 99.2
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KPMG LLP |
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Chartered Accountants | Telephone | (403) 691-8000 | |
1200-205 5 Avenue SW | Fax | (403) 691-8008 | |
Calgary AB T2P 4B9 | Internet | www.kpmg.ca |
The securities regulatory authorities in each of the provinces and territories of Canada
March 3, 2006
Dear Sirs
TransCanada PipeLines Limited (the “Company”)
We refer to the short-form base shelf prospectus of the Company dated December 21, 2004 relating to the sale of up to $1,500,000,000 Medium Term Note Debentures of the Company (the “Prospectus”).
We consent to the use, through incorporation by reference in the prospectus of our report dated February 27, 2006 to the Shareholder of the Company on the following financial statements:
• Consolidated balance sheets as at December 31, 2005 and 2004; and
• Consolidated statements of income, retained earnings and cash flows for each of the years in the three-year period ended December 31, 2005.
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
Signed “KPMG LLP”
Chartered Accountants
Calgary, Canada
:ds Ltr-03-CDN consent MTN TCPL
KPMG LLP, a Canadian owned limited liability partnership, is the Canadian
member firm of KPMG International, a Swiss association