Welcome To The Shear Wind HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: more wind news...

Nov 25, 2008 06:41AM

Nov 25, 2008 07:25PM
1
Nov 26, 2008 04:10AM

Nov 26, 2008 05:44AM

Attention Business Editors:

EPCOR submits bid for the Quality Wind Project

    RICHMOND, BC, Nov. 26 /CNW/ - EPCOR Utilities Inc. ("EPCOR"), through its
indirect wholly owned subsidiary EPCOR Power Development (British Columbia)
Limited Partnership, has submitted a comprehensive bid to BC Hydro's 2008
Clean Power Call for the Quality Wind Project ("QWP"). The project, proposed
to be approximately 142 megawatts, is located about ten kilometres northeast
of Tumbler Ridge.
    "We are developing the QWP with the goal of making it truly sustainable -
environmentally, economically, and for the regional community," said EPCOR
Vice President Fred Shafai. "EPCOR is progressing with the environmental
assessment process for the project, including dialogue and engagement with the
First Nations and stakeholders in the region."
    The QWP is currently undergoing an environmental assessment. EPCOR
anticipates filing for an Environmental Assessment Certificate in the first
half of 2009.
    EPCOR operates more than 3,500 MW of power generation throughout North
America; 35 per cent of its generating capacity comes from renewable sources
and waste energy recycling. In BC, EPCOR generates power from four small hydro
facilities and one of the largest biomass facilities in North America, located
in Williams Lake. In 2007, these facilities generated enough clean electricity
to meet the average annual needs of 89,000 homes in BC. The company also
operates the 40 MW Kingsbridge Wind Power Project located in Ontario.
    Construction of the QWP will be subject to conditions such as regulatory
approvals, economic and engineering assessments, successful participation in
BC Hydro's bid process, and negotiation of a power purchase agreement with BC
Hydro.

    EPCOR's wholly-owned subsidiaries build, own and operate power plants,
electrical transmission and distribution networks, water and wastewater
treatment facilities and infrastructure in Canada and the United States.
EPCOR, headquartered in Edmonton, Alberta, has been named one of Canada's Top
100 employers for nine consecutive years, and was selected one of Canada's 10
Most Earth-Friendly Employers. EPCOR's website is www.epcor.ca.

    Forward-looking Information

    Certain information in this press release is forward-looking and related
to anticipated financial performance, events and strategies. When used in this
context, words such as "will", "anticipate", "believe", "plan", "intend",
"target", "expect" or similar words suggest future outcomes. By their nature,
such statements are subject to significant risks and uncertainties, which
could cause EPCOR's actual results and experience to be materially different
than the anticipated results. Such risks and uncertainties include, but are
not limited to, operating performance, commodity prices and volumes, load
settlement, regulatory and government decisions, weather and economic
conditions, competitive pressures, construction risks, obtaining financing and
the performance of partners, contractors and suppliers.
    Readers are cautioned not to place undue reliance on forward-looking
statements as actual results could differ materially from the plans,
expectations, estimates or intentions expressed in the forward-looking
statements. Except as required by law, EPCOR disclaims any intention and
assumes no obligation to update any forward-looking statement even if new
information becomes available, as a result of future events or for any other
reason.



For further information: Jay Shukin,

Nov 26, 2008 06:17AM
Share
New Message
Please login to post a reply