EPCOR Power L.P. and EPCOR Power Equity Ltd. announce quarterly dividend on the Cumulative Redeemable Preferred Shares, Series 1, issued by EPCOR Power Equity Ltd.



    EDMONTON, June 4 /CNW/ - EPCOR Power L.P. (TSX: EP.UN) (the Partnership)
and EPCOR Power Equity Ltd. (TSX: EPP.PR.A) (the Corporation), a subsidiary of
the Partnership, announced that the Corporation has declared a quarterly
dividend of $0.303125 per share on its Cumulative Redeemable Preferred Shares,
Series 1 (Series 1 Shares).
    The dividend is to be paid on June 30, 2008 to shareholders of record at
the close of business on June 17, 2008. The dividends are 100 per cent
eligible dividends as defined by the Income Tax Act. Under this legislation,
individuals resident in Canada may be entitled to enhanced dividend tax
credits that reduce the income tax otherwise payable on these dividends.

    About EPCOR Power L.P.

    Established in 1997, EPCOR Power L.P. is a limited partnership organized
under the laws of the Province of Ontario. The Partnership's portfolio
consists of 19 wholly-owned power generation assets located in Canada and the
United States, a 50 per cent interest in a power generation asset in
Washington State, and a 15.4 per cent interest in Primary Energy Recycling
Holdings LLC (PERH). The Partnership's assets have a total net generating
capacity of 1,287 megawatts and more than three million pounds per hour of
thermal energy. PERH wholly owns four recycled energy assets in the United
States with in aggregate generation capacity of 283 megawatts and nearly
two million pounds per hour of thermal energy, and has a 50 per cent interest
in a pulverized coal facility. EPCOR USA Ventures LLC, a wholly-owned
subsidiary of the Partnership, manages and operates these facilities for PERH.
For more information on the Partnership, please visit: www.epcorpowerlp.ca.

    About EPCOR Power Equity Ltd.

    The Corporation was incorporated under the laws of the Province of
Alberta on June 26, 1998 and is a wholly-owned subsidiary of the Partnership.
The Corporation operates as a holding company and indirectly holds all of the
Partnership's business and power generation and other assets in the United
States, including the Partnership's Castleton, Curtis Palmer, Manchief,
Frederickson, Naval Station, North Island, Naval Training Center, Oxnard,
Greeley, Kenilworth, Roxboro and Southport power generating facilities. These
facilities have a total generating capacity of approximately 977 megawatts
(representing approximately 75 per cent of the total generating capacity of
the Partnership's assets) and approximately three million pounds per hour of
thermal energy (representing 100 per cent of the total thermal energy capacity
of the Partnership's assets). In addition, the Corporation holds, through a
wholly-owned subsidiary, the Partnership's overall 15.4 per cent equity
interest in PERH.





For further information:

For further information: Media inquiries: Tim le Riche, (780) 969-8238;
Shareholder and analyst inquiries: Randy Mah, (780) 412-4297, (866) 896-4636
(toll free)

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EPCOR POWER L.P.

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