W. Brett Wilson Resigns from TransCanada Power, L.P. Board
CALGARY, Alberta – January 24, 2005 (TSX: TPL.UN) - TransCanada Power, L.P. announced today that W. Brett Wilson has resigned from the Board of Directors. Mr. Wilson was Chairman of the Partnership’s Independent Directors Committee. Mr. Wilson cited increasing demands on his time in respect to his family and in his role as Managing Director and Chairman of FirstEnergy Capital Corp. as reasons for his resignation.
“I have enjoyed the opportunity to serve on this Board and to have helped contribute to the Partnership’s growth and successes over the years,†said Mr. Wilson.
“Mr. Wilson has been a constructive and energetic member of the Board since the Partnership’s inception in 1997,†said Russ Girling, Chairman of the TransCanada Power, L.P. Board. “We are appreciative of his many contributions to the success of the Partnership and his leadership of the Independent Directors Committee.â€
The Corporate Governance Committee of the TransCanada Power, L.P. Board will immediately commence a search for an independent director to fill the vacancy created by Mr. Wilson’s resignation.
TransCanada Power, L.P. is a Canadian limited partnership that offers investors solid cash flows and growth prospects. The Partnership enjoys stability ratings of SR-1 (Standard & Poor’s) and STA-1 (low) (Dominion Bond Rating Services). The S&P debt rating for the Partnership is A- while the DBRS rating is A (low). The Partnership’s units trade under the symbol TPL.UN on the Toronto Stock Exchange. TransCanada Power, L.P. owns 11 power plants in Canada and the United States with total generating capacity of 744 megawatts. Subsidiaries of TransCanada Corporation manage the Partnership and the operation of assets owned by the Partnership. These subsidiaries own 30.6 per cent of the Partnership.
Contact: Investor Relations
TransCanada Power, L.P.
(888) 887-7717
Prior to September 1, 2005, financial reports, news releases, investor presentations were issued by TransCanada Power, L.P.. Following acquisition of TransCanada's interest by EPCOR Utilities Inc., the Partnership was renamed EPCOR Power L.P.