Electricity Leaders Form an International Electricity Partnership to Create a Global Low-Carbon Future



    ATLANTA, GA, Oct. 10 /CNW Telbec/ - International electricity leaders are
announcing today an International Electricity Partnership to deliver advanced
electric technologies to reduce global carbon emissions. These technologies
can stabilize carbon emissions from all sources, and with an aggressive
application, carbon emissions reductions could reach 60 to 80 percent by 2050.
    This is the objective advanced by electricity leaders during the 2008
International Electricity Chief Executives Summit held in Atlanta, Georgia on
October 6 and 7. The leaders also agreed on 11 key strategies to lower carbon
emissions.
    "This partnership is great news for the industry and for the environment.
Electricity is the backbone of the world's largest economies and we believe
that electricity can be the solution to climate change," said Pierre Guimond,
President and CEO of the Canadian Electricity Association (CEA) during the
summit.
    In their final statement, the leaders underlined the need for a strong
commitment from industry and governments to deploy and encourage investments
in low-carbon technologies such as carbon capture and storage. The importance
of a public policy framework to balance security of energy supply, economic
competitiveness and environmental objectives for the benefit of customers was
also highlighted.
    The 2008 International Electricity Chief Executives Summit gathered
executives from the major electric industry association in Atlanta, Georgia,
USA, on October 6-7. The industry associations included the Edison Electric
Institute, Eurelectric, Federation of Electric Power Companies of Japan, the
Canadian Electricity Association and the Energy Supply Association of
Australia.

    Founded in 1891, the Canadian Electricity Association is the voice of the
Canadian electricity industry, promoting electricity as the critical enabler
of the economy and Canadians' expectations for an enhanced quality of life.

    For the complete joint statement please visit the association's Web site
at: http://www.canelect.ca.




For further information:

For further information: Francis Bradley, Vice President, CEA, Mobile:
(514) 945-0532, Bradley@canelect.ca

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Canadian Electricity Association

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