EPCOR Power L.P. announces Quarterly Distribution
EDMONTON, Alberta - March 6, 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 March 31, 2006.
The distribution is payable on April 28, 2006 to unitholders of record at the close of business on March 31, 2006. This is the 35th 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 is subject to important risks and uncertainties. The results or events predicted in this information may differ from actual results or events. Factors which could cause actual results or event to differ materially from current expectations include, among other things, the ability of EPCOR Power L.P. to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability and price of energy commodities, the regulatory environment, competitive factors in the power industry sector, and the prevailing economic conditions in North America. For additional information on these and other factors, see the reports filed by EPCOR Power L.P. with Canadian securities regulators. EPCOR Power L.P. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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