EPCOR Power L.P. announces Quarterly Distribution
EDMONTON, Alberta - June 8, 2006 - The Board of Directors of EPCOR Power Services Ltd., the general partner of EPCOR Power L.P. (TSX: EP.UN) (the Partnership), declared a cash distribution of $0.63 per limited partnership unit for the quarter ending June 30, 2006. The distribution is payable on July 28, 2006 to unitholders of record at the close of business on June 30, 2006. In addition, if holders of the 2,460,000 Subscription Receipts become entitled to receive Partnership units after June 30, 2006, the Partnership will pay holders as of the Frederickson Power L.P. acquisition closing date a special payment of $0.63 per subscription receipt on the later of the third business day after closing the acquisition of the Frederickson Power L.P. or July 28, 2006.
This is the 36th consecutive distribution that has either met or exceeded previous distributions paid by the Partnership since its inception in mid-1997.
EPCOR Power L.P. is a Canadian limited partnership that seeks to offer 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 EP.UN on the Toronto Stock Exchange. The Partnership owns 11 power plants in Canada and the United States with total generating capacity of 744 megawatts. Subsidiaries of EPCOR Utilities Inc. manage the Partnership and its assets. EPCOR Utilities Inc., through its wholly owned subsidiaries, own 30.6 per cent of the Partnership units. Further Partnership information is available at http://www.epcorpowerlp.ca/
FORWARD-LOOKING INFORMATION
Certain information in this document 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, certain future events are subject to significant risks and uncertainties, which could cause the Partnership's actual results and experience to be materially different than the anticipated results. Such risks and uncertainties include, but are not limited to, the ability of the Partnership to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability and price of energy commodities, plant availability and water flows, regulatory and government decisions, competitive factors in the power industry, the current economic conditions in North America and the performance of 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, the Partnership 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 on the Partnership, visit http://www.epcorpowerlp.ca/
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Unitholder & Analyst Inquiries:
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