2006 - News Release Archives

EPCOR to invest $245 million in new Alberta power generation
December 15, 2006 - Edmonton - Earlier today the Alberta Energy and Utilities Board (EUB) released a decision approving EPCOR's proposal to construct three natural-gas fired peaking power units at the site of the Clover Bar Generating Station in northeast Edmonton.

EPCOR and Government of B.C. share Public Private Partnership award for Britannia Mine Water Treatment Plant
November 21, 2006 - Edmonton - The Canadian Council for Public Private Partnerships is recognizing EPCOR and the Government of British Columbia for an innovative partnership that is ending a century of heavy metal pollution in B.C.'s Howe Sound. The Council presented the partners with the Gold Award for Infrastructure for the Britannia Mine Water Treatment facility. Located on B.C.'s Sea-to-Sky Highway, this water treatment plant is now capturing and removing thousands of tonnes of heavy metal contaminants from the historic Britannia Mine, including 166,000 kilograms of copper per year - the equivalent of 70 million pennies.

EPCOR Preferred Equity Inc. announces results
November 03, 2006 - Edmonton - EPCOR Preferred Equity Inc. (TSX: EPE.PR.A), a subsidiary of EPCOR Utilities Inc., reported net income of $3.1 million for the quarter ended September 30, 2006 and $9.3 million for the nine months ended September 30, 2006. EPCOR Preferred Equity Inc. also declared a dividend on preferred shares of $0.34375 per share to be paid on December 29, 2006 to the holders of its Cumulative Redeemable First Preferred Shares, Series I. The record date for the dividend is December 18, 2006.

EPCOR announces quarterly results
November 03, 2006 - Edmonton - EPCOR Utilities Inc. today released its quarterly results for the period ended September 30, 2006.

EPCOR Joins Vancouver 2010 in Support of Canadian Athletes
October 16, 2006 - Vancouver, BC - The Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC) is pleased to welcome a new partner to its team - EPCOR Utilities Inc.

EPCOR se Joint à Vancouver 2010 en Appui aux Athlètes Canadiens
16 octobre 2006 - Vancouver (C.-B.) - Le Comité d'organisation des Jeux olympiques et paralympiques d'hiver de 2010 à Vancouver (COVAN) a le plaisir d'accueillir un nouveau partenaire au sein de son équipe : EPCOR Utilities Inc.

EPCOR thanks customers for conserving water during E.L. Smith water plant upgrades
September 21, 2006 - Edmonton - EPCOR is thanking customers for successfully conserving water in response to a request to reduce non-essential consumption. Water consumption was 16 million litres lower than normal yesterday, with consumption of 344 million litres, down from an average daily consumption of approximately 360 million litres.

E.L. Smith water plant upgrades underway; EPCOR customers asked to reduce non-essential water consumption
September 19, 2006 - Edmonton - EPCOR continues to upgrade the E.L. Smith Water Treatment facility in order to meet Edmonton's growing need for water. The next stage of this work requires that EPCOR temporarily suspend operations at the E.L. Smith Plant, leaving the Rossdale Water Treatment Facility to handle water demands.

EPCOR presents Youth Excellence Awards for Seven communities across Canada
August 23, 2006 - Edmonton - Young people committed to the pursuit of excellence between the ages of eight to 25 are invited to apply to receive EPCOR's Youth Excellence Award (YEA) and a grant of up to $2,500. Part of EPCOR's Road to Excellence program, the YEA will offer grants of up to $2,500 to youth in seven communities across Canada where EPCOR operates. The YEA is designed to help youth who have goals in a specific area and a plan for a unique development opportunity. The YEA is open to youth involved in a wide range of pursuits, including community and humanitarian service, cultural activities, sports, dance, music, visual arts, environmental work and other activities.

EPCOR announces quarterly results
July 28, 2006 - Edmonton - EPCOR Utilities Inc. today released its quarterly results for the period ended June 30, 2006.

EPCOR Preferred Equity Inc. announces results
July 28, 2006 - Edmonton - EPCOR Preferred Equity Inc. (TSX: EPE.PR.A), a subsidiary of EPCOR Utilities Inc., reported net income of $3.1 million for the quarter ended June 30, 2006 and $6.2 million for the six months ended June 30, 2006. EPCOR Preferred Equity Inc. also declared a dividend on preferred shares of $0.34375 per share to be paid on September 29, 2006 to the holders of its Cumulative Redeemable First Preferred Shares, Series I. The record date for the dividend is September 20, 2006.

Electricity service restored in Edmonton; Albertans asked to continue to conserve power
July 24, 2006 - Edmonton - Shortly after 4:30 pm EPCOR responded to a directive from the Alberta Electric System Operator (AESO) to curtail electricity consumption in Edmonton as part of a province-wide effort to reduce electricity demand. The measure was required to ensure electricity system stability after the British Columbia transmission connection went off line.

EPCOR delivers heavy metal solution for B.C.'s Britannia Mine
New water treatment plant ending 100 years of environmental contamination in B.C.'s Howe Sound June 5, 2006 - Edmonton/Britannia Beach - EPCOR and the Government of British Columbia have opened the Britannia Mine Water Treatment Facility, which is ending contamination from one of North America's largest sources of heavy metal pollution. The new facility will prevent thousands of tonnes of heavy metal contaminants from entering the ocean environment of Howe Sound, including 166,000 kilograms of copper per year - the equivalent of 70 million pennies. Located on B.C.'s Sea-to-Sky highway, 55 kilometres north of Vancouver, the treatment facility was completed on-time and on-budget.

EPCOR's water team readies for Oilers' run to the Stanley Cup
June 1, 2006 - Edmonton - EPCOR today unveiled new evidence that the Edmonton Oilers' playoff run has captured the community's attention like few other events in history.

EPCOR plans to redeem its $150 million, First Preferred Shares, Series A
May 24, 2006 - Edmonton - EPCOR Utilities Inc. ("EPCOR") announces its intention to redeem six million Cumulative Redeemable Perpetual First Preferred Shares, Series A ("Preferred Shares") on June 30, 2006 at par for $150 million plus accrued and unpaid dividends to the date of redemption. The Preferred Shares were issued to certain institutional investors on June 29, 2001 through EPCOR's wholly-owned subsidiary, EPCOR Finance Corporation.

The Alberta Hotel & Lodging Association goes green with EPCOR
May 19, 2006 - Edmonton - The Alberta Hotel & Lodging Association’s (AHLA’s) purchase of renewable power through EPCOR’s EnVest program offers environmental benefits equal to those from planting two million trees at 329 member-run properties.

ENMAX to acquire EPCOR's interest in Battle River PPA
May 08, 2006 - Calgary/Edmonton - EPCOR Utilities Inc. (collectively with its subsidiaries, "EPCOR") and ENMAX Corporation ("ENMAX") today announced that they have each authorized the sale and purchase, respectively, of EPCOR's interest in the Battle River Power Purchase Arrangement (PPA) and EPCOR's Battle River Power Syndicate Agreement (PSA).

EPCOR announces quarterly results
May 04, 2006 - Edmonton - EPCOR Utilities Inc. today released its quarterly results for the period ended March 31, 2006.

EPCOR Preferred Equity Inc. announces results
May 04, 2006 - Edmonton - EPCOR Preferred Equity Inc. (TSX: EPE.PR.A), a subsidiary of EPCOR Utilities Inc., reported net income of $3.1 million for the quarter ended March 31, 2006. EPCOR Preferred Equity Inc. also declared a dividend on preferred shares of $0.34375 per share to be paid on June 30, 2006 to the holders of its Cumulative Redeemable First Preferred Shares, Series I. The record date for the dividend is June 21, 2006.

EPCOR sells interest in Frederickson Power
April 7, 2006 - Edmonton - EPCOR Utilities Inc. (collectively with its subsidiaries, "EPCOR") today announced that it has agreed to sell to EPCOR Power L.P. and its wholly owned subsidiaries (the "Partnership") a 100% interest in Frederickson Power L.P. ("FPLP") for an aggregate purchase price of U.S. $118.0 million. FPLP owns a 50.15% interest in the Frederickson power facility, a 249 megawatt ("MW") (nominal) single unit, natural gas-fired combined cycle generating facility, with an additional duct firing capability of 20 MW, located in Pierce County, Washington State, U.S.A.

EPCOR's Kingsbridge I Wind Power Project officially opens with Energy Minister Donna Cansfield in attendance
April 6, 2006 - Goderich, Ontario - EPCOR today welcomed Ontario Minister of Energy Donna Cansfield to celebrate the start-up of operations at its Kingsbridge I Wind Power Project. The project is now complete, ahead of its June 30 deadline, with all 22 turbines in the 40 megawatt project generating electricity to Ontario's electrical grid.

EPCOR Preferred Equity Inc. announces results
March 29, 2006 - Edmonton - EPCOR Preferred Equity Inc. (TSX: EPE.PR.A), a subsidiary of EPCOR Utilities Inc., reported net income of $3.0 million for the quarter ended December 31, 2005 and $12.2 million for the year ended December 31, 2005. During 2005, the Company declared and paid $11.0 million to its First Preferred, Series I shareholders.

EPCOR announces 2005 financial results
March 29, 2006 - Edmonton - EPCOR Utilities Inc. today filed its annual and fourth quarter results for 2005.

Canadian athletes receive funding boost from national fundraising dinners
March 21, 2006 - Edmonton - As the result of the Road to Champions dinner series, EPCOR announced today that a contribution of $650,000 has been made towards the development of elite athletes from the five national sports federations participating in the 2005 program.

TransAlta and EPCOR sign development agreement for Alberta power project
March 14, 2006 - Calgary and Edmonton - TransAlta Corporation (TSX: TA; NYSE: TAC) and EPCOR Utilities Inc. today announced that they have signed a development agreement to jointly pursue TransAlta's Keephills 3 power project. Keephills 3, formerly known as Centennial, is a proposed 450 megawatt (MW) unit adjacent to TransAlta's existing Keephills facility, approximately 70 kilometres west of Edmonton, Alberta.

Sooke waste treatment facility and collection system completed
March 3, 2006 - Sooke, B.C./Edmonton - The District of Sooke, B.C. and EPCOR Utilities Inc. are pleased to announce the completion of a wastewater treatment and collection system for the core area of the Vancouver Island community of almost 10,000, located 34 km west of Victoria.

Kingsbridge I Wind Power Project generates power to electrical grid
March 3, 2006 - Goderich, Ontario - EPCOR's Kingsbridge I Wind Power Project recently reached a milestone when two completed turbines generated electricity to Ontario's electrical grid system for the first time. To date, six Kingsbridge I turbines are online and producing power.

EPCOR Preferred Equity Inc. announces dividends
February 24, 2006 - Edmonton - EPCOR Preferred Equity Inc. (TSX: EPE.PR.A), a subsidiary of EPCOR Utilities Inc., announced that it has declared a preferred dividend of $0.34375 per share to be paid on March 31, 2006, to the holders of its Cumulative Redeemable First Preferred Shares, Series I. The record date for the dividend is March 17, 2006.

EPCOR enters into short-term tolling agreement for the Calgary Energy Centre
February 16, 2006 - Calgary - EPCOR has entered into a tolling agreement to acquire the rights to the capacity of the Calpine Power Income Fund's (the "Fund") Calgary Energy Centre.

EPCOR receives regulatory approval to acquire water assets of Breakwater Enterprises Ltd.
February 6, 2006 - Edmonton and Richmond - Work on water quality improvements begin immediately - EPCOR's purchase of the water utility assets of Breakwater Enterprises Ltd. (BEL) has been approved by the Office of the Water Comptroller for the Province of British Columbia.

EPCOR Utilities reorganizes power generation subsidiaries
January 3, 2006 - Edmonton - EPCOR Utilities Inc. ("EPCOR") announced today that it is restructuring certain power generation subsidiaries to better align its legal structure with its operating structure and thereby realize efficiencies.