EPCOR Power L.P. announces Quarterly Distribution
EDMONTON, Alberta - March 14, 2007 - 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, 2007. The distribution is payable on April 30, 2007 to unitholders of record at the close of business on March 30, 2007.
This is the 39th consecutive distribution that has either met or exceeded previous distributions paid by the Partnership since its inception in mid-1997.
Established in 1997, EPCOR Power L.P. is a limited partnership organized under the laws of the Province of Ontario. The Partnership wholly owns and operates a portfolio of 20 power generation assets in Canada and the United States with total net generating capacity of 1,287 megawatts and more than three million pounds per hour of thermal energy. The Partnership also owns a 15.4 per cent interest in Primary Energy Recycling Holdings LLC ("PERH"). PERH wholly owns four recycled energy assets in the United States with in aggregate generation capacity of 284 megawatts and nearly two million pounds per hour of thermal energy, and holds a 50 per cent interest in a pulverized coal facility. Primary Energy Ventures LLC, a wholly owned subsidiary of the Partnership, manages and operates these facilities for PERH. The Partnership's web-site is http://www.epcorpowerlp.ca/
FORWARD-LOOKING INFORMATION
Certain information in this MD&A 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" and "expect" or similar words suggest future outcomes. By their nature, such statements 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, assumptions and uncertainties include, but are not limited to, the ability of the Partnership to successfully integrate and realize the financial benefits of its acquisitions, the ability of the Partnership to implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability and price of energy commodities, plant availability, waste heat availability and water flows, regulatory and government decisions including the final form of the proposed tax measures related to specified investment flow-through entities, the renewal and terms of power purchase contracts, competitive factors in the power industry, the current and future 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.
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