Creststreet Kettles Hill Windpower LP announces final distribution to unitholders



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    CALGARY, July 4 /CNW/ - Creststreet Kettles Hill Windpower LP (the
"Partnership") announced that it will distribute the remaining net assets of
the Partnership to unitholders on July 7, 2008. Unitholders will receive an
amount equal to $9.00 per unit on the distribution of the Partnership's net
assets.
    These payments to securityholders follow the sale to ENMAX Green Power
Inc. of the shares of Kettles Hill Wind Energy Inc. ("KHWEI") for
$123.36 million plus the assumption of debt. KHWEI owns 100% of the Kettles
Hill Wind Project (36MW) located in southern Alberta. The redemption and
distribution to unitholders are in accordance with the extraordinary
resolution approved by unitholders, at meeting of these unitholders held on
May 23, 2008, in connection with the sale.
    Robert Toole, President and Chief Executive Officer of Creststreet
Kettles Hill Windpower General Partner Limited, the General Partner of the
Partnership, commented, "With the distribution and wind-up of the Partnership,
this brings to a close Creststreet's direct participation in the Canadian
windpower industry. We established an early leadership position in this
exciting sector in Canada and achieved many firsts along the way, for which
everyone involved should be very proud. I would like to thank all those who
contributed to the success Creststreet achieved over the years in the
windpower sector, including our investors, partners, suppliers, contractors,
municipal, provincial and federal government agencies and finally our
employees, officers and directors".

    About Creststreet Kettles Hill Windpower LP

    THE PARTNERSHIP IS ORGANIZED IN ACCORDANCE WITH THE TERMS AND CONDITIONS
OF A LIMITED PARTNERSHIP AGREEMENT WHICH PROVIDES THAT NO UNITS MAY BE OWNED
BY, AMONG OTHER THINGS, A PERSON WHO IS A "NON-RESIDENT" OF CANADA FOR
PURPOSES OF THE INCOME TAX ACT (CANADA) OR A PARTNERSHIP.

    CERTAIN STATEMENTS INCLUDED IN THIS NEWS RELEASE, INCLUDING STATEMENTS
RELATING TO THE DISTRIBUTIONS TO UNITHOLDERS AND PAYMENTS TO DEBENTUREHOLDERS
OF THE PARTNERSHIP, CONSTITUTE "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING
OF THE SECURITIES ACT (ONTARIO). SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN
AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL
AMOUNTS DISTRIBUTED BY THE PARTNERSHIP TO BE MATERIALLY DIFFERENT FROM THOSE
EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS.
    THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS
THE EXPECTATIONS OF CRESTSTREET KETTLES HILL WINDPOWER LP AS AT THE DATE
HEREOF AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. HOWEVER,
CRESTSTREET KETTLES HILL WINDPOWER LP EXPRESSLY DISCLAIMS ANY INTENTION OR
OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING INFORMATION, WHETHER AS A
RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED BY
APPLICABLE LAW.





For further information:

For further information: Creststreet Kettles Hill General Partner
Limited: Robert Toole, President and CEO, Tel: (416) 862-7018, E-mail:
rtoole@creststreet.com; Derren Newell, VP, Finance and CFO, Tel: (403)
513-0766, E-mail: dnewell@creststreet.com

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CRESTSTREET KETTLES HILL WINDPOWER LP

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