Change of schedule for Valener and Gaz Métro fiscal 2014 second quarter results release and conference call

MONTRÉAL, April 23, 2014 /CNW Telbec/ - Valener Inc. ("Valener") (TSX: VNR), the public investment vehicle in Gaz Métro Limited Partnership ("Gaz Métro"), will hold a conference call on Wednesday, May 14, 2014, rather than on May 15, 2014 as previously announced, to discuss its results and those of Gaz Métro for the second quarter ended March 31, 2014. The results will be released in the morning on the same day.

Time: 3:00 p.m. (Eastern Time)

Dial-in: 647-427-7450 or toll-free 1-888-231-8191

Webcast: http://www.valener.com/Investisseurs/Investisseur3.aspx?lang=en-ca

Rebroadcasts can be accessed for 30 days by telephone at 416-849-0833 or toll-free at 1-855-859-2056 (access code: 27624773), and for 90 days on Valener's Web site.

Overview of Valener

Valener owns an economic interest of approximately 29% in Gaz Métro. Valener therefore has a stake in the energy industry and benefits from Gaz Métro's diversified profile, both in terms of geography and business segment. Valener also owns a 24.5% indirect interest in the Seigneurie de Beaupré Wind Farms jointly developed with Gaz Métro and Boralex Inc., with the 272-megawatt Phase I in service since December 2013. Valener's common shares and preferred shares are listed on the Toronto Stock Exchange under the "VNR" trading symbol for common shares and under the "VNR.PR.A" symbol for Series A preferred shares. www.valener.com

Overview of Gaz Métro

With more than $5 billion in assets, Gaz Métro is a leading energy provider. It is the largest natural gas distribution company in Quebec, where its network of over 10,000 km of underground pipelines serves 300 municipalities and more than 190,000 customers. Gaz Métro is also present in Vermont, producing electricity and distributing electricity and natural gas to meet the needs of more than 305,000 customers. Gaz Métro is actively involved in the development of innovative, promising energy projects such as the production of wind power, the use of natural gas as a transportation fuel and the development of biomethane. Gaz Métro is a major energy sector player who takes the lead in responding to the needs of its customers, regions and municipalities, local organizations, and communities while also satisfying the expectations of its Partners (Gaz Métro inc. and Valener) and employees. www.gazmetro.com

SOURCE Valener Inc.

For further information: Investors and analysts, Caroline Warren, Investor Relations, 514-598-3324; Media, Marie-Christine Demers, Media and Public Affairs, 514-598-3449; www.gazmetro.com/pressroom, Photos, videos (b-roll) and logos are available in Gaz Métro's Multimedia library