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                                                                       EXHIBIT 1

                              ACCOUNTANTS' CONSENT

To:  The Board of Directors
     TransCanada PipeLines Limited

We consent to the inclusion in the Form 40-F of TransCanada PipeLines Limited
for the fiscal year ended December 31, 2003 of our report dated February
23, 2004 relating to the consolidated balance sheets of TransCanada PipeLines
Limited as at December 31, 2003 and 2002 and the related statements of
consolidated income, retained earnings, and cash flows for each of the years
in the three-year period ended December 31, 2003.

We also consent to incorporation by reference of our report in the Post
Effective Amendment No. 1 on Form F-9 dated May 30, 2003 to the Registration
Statement (No. 333-101140) on Form F-10 dated November 12, 2002 of
TransCanada PipeLines Limited.



/s/ KPMG LLP

Chartered Accountants

Calgary, Canada
March 15, 2004