MONTREAL, April 21 /CNW Telbec/ - Valener Inc. ("Valener") (TSX: VNR),
created in the context of the reorganization of Gaz Métro Limited
Partnership's ("Gaz Métro") public ownership structure, will hold a
telephone conference with financial analysts on Monday, May 16, 2011,
at 11:00 a.m. (Eastern time) to discuss its results and those of Gaz
Métro for the second quarter ended March 31, 2011.
Pursuant to an administration and management support agreement entered
into between Valener and Gaz Métro on September 30, 2010, Gaz Métro
acts as manager of Valener. To that effect, Sophie Brochu, President
and Chief Executive Officer, and Pierre Despars, Executive Vice
President, Corporate Affairs and Chief Financial Officer of Gaz Métro
inc., Gaz Métro's general partner, will be the speakers. This will be
followed by a question period. Results will be released in the morning
on the same day.
The conference can be accessed live by dialling 416-644-3426 or toll-free 1-800-731-5319. It will also be Webcast on Valener's Web site (www.valener.com) in the Investors section under "Events and Presentations".
Media and other interested individuals are invited to listen in.
Speakers will be available after the conference call for interviews and
to answer questions from the media.
Rebroadcasts can be accessed for 30 days by telephone at 416-640-1917 or
toll-free at 1-877-289-8525 (access code: 4435838#), and for 90 days on
Valener's Web site.
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
wind power projects jointly developed by Beaupré Éole General
Partnership and Boralex Inc. on the private lands of Séminaire de
Québec. Valener may also pursue its own development projects and
acquisition strategies subject to a non-competition agreement in favour
of Gaz Métro and to applicable limitations under its credit facility.
Valener's common shares are listed on the Toronto Stock Exchange under
the "VNR" trading symbol. www.valener.com
About Gaz Métro
With over $3.6 billion in assets, Gaz Métro is Quebec's leading natural
gas distributor. Its 10,000-kilometre network serves 300
municipalities. Gaz Métro has operated in this regulated industry since
1957 and is the trusted energy provider to more than 180,000 customers
in Quebec and 40,000 customers in Vermont, who choose natural gas for
its competitive price, efficiency, comfort and environmental benefits.
Gaz Métro is also present in the electricity distribution market, with
more than 95,000 customers in Vermont, and is involved in natural gas
transportation and storage, the development of projects such as wind
power, natural gas as fuel for the transportation industry and
biomethanation. Gaz Métro is committed to the satisfaction of its
customers, its partners, its employees and the communities it serves. www.gazmetro.com
SOURCE Valener Inc.
For further information:
| Investors and analysts |
| Media |
Media and Public Relations