Fort Chicago announces monthly cash distribution for October 2009


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

    Trading Symbol: FCE.UN
    Exchange: TSX
    
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<p><location>CALGARY</location>, <chron>Oct. 21</chron> /CNW/ - Fort <location>Chicago</location> Energy Partners L.P. ("Fort <location>Chicago</location>") announced today that the board of directors of Fort <location>Chicago</location> Energy Management Ltd., the general partner of Fort <location>Chicago</location>, has declared a cash distribution for <chron>October 2009</chron> of $0.0833 per Class A limited partnership unit of Fort <location>Chicago</location> ("Class A Unit"). The distribution will be paid on <chron>November 23, 2009</chron> to unitholders of record at the close of business on <chron>October 30, 2009</chron>.</p>
<p>Of this distribution, $0.0038 per Class A Unit will be considered U.S. source interest income and $0.0183 per Class A Unit will be considered U.S. source dividend income, each of which may be subject to U.S. withholding taxes. The balance of the cash distribution of $0.0612 per Class A Unit will be distributed without any deduction for U.S. withholding taxes. While this distribution is considered to be a return of capital for Canadian income tax purposes, unitholders are allocated a proportionate share of Fort Chicago's taxable income. As a percent of projected cash distributions paid, taxable income allocations are expected to be in the range of 95% to 100% in 2009.</p>
<p>In connection with this distribution, Fort <location>Chicago</location> has determined that, for purposes of the Premium Distribution(TM) and Distribution Reinvestment Plan ("Plan"), $0.0795 per Class A Unit (representing the full amount of the distribution of $0.0833 per Class A Unit less the $0.0038 per Class A Unit considered to be U.S. source interest income), less the amount of any applicable U.S. withholding taxes, is eligible to be reinvested by unitholders, at a 5% discount, in additional Class A Units held for their account under the Plan, or have them delivered to a designated plan broker in exchange for a premium cash payment equal to 102% of the reinvested amount under the Premium Distribution(TM) component of the Plan. Any portion of a cash distribution that is not reinvested under the Plan will be paid in the normal manner.</p>
<p>A registered unitholder who has not previously enrolled in the Plan and wishes to enroll in the Plan for the <chron>October 2009</chron> distribution and for future distributions must deliver a completed enrolment form to Computershare Trust Company of <location>Canada</location>, as Plan Agent, at or before <chron>5:00 pm</chron> (<location>Toronto</location> time) on <chron>Friday, October 23, 2009</chron>. Beneficial unitholders who wish to participate or to continue to participate in the Plan should contact their broker, investment dealer, financial institution or other nominee to provide appropriate enrolment instructions and to ensure any deadlines or other requirements that such nominee may impose or be subject to are met.</p>
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<p>Fort <location>Chicago</location></p>
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<p>Fort <location>Chicago</location> is a publicly traded limited partnership based in <location>Calgary</location>, Alberta, that owns and operates energy infrastructure assets across <location>North America</location>. Its Class A Units are listed on the TSX under the symbol FCE.UN. Fort <location>Chicago</location> is engaged in three principal businesses: a pipeline transportation business comprised of interests in two pipeline systems, the Alliance Pipeline and the Alberta Ethane Gathering System; an NGL extraction business which includes a significant interest in a world-class extraction facility near <location>Chicago</location>; and a power business with power facilities in Ontario, Colorado and California, district energy systems in Ontario and <person>Prince Edward Island</person>, and waste heat power facilities along the Alliance Pipeline. Fort <location>Chicago</location> and its businesses are also actively developing a number of greenfield investment opportunities that will be a key source of future growth, including LNG and pipeline facilities on the U.S. west coast, Alberta-based ethane and NGL extraction facilities, repowering and expansion opportunities at the California power facilities and Nova Scotia-based underground natural gas storage and pipeline facilities.</p>
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                     Class A Unit Ownership Restrictions

    Fort Chicago is organized in accordance with the terms and conditions of
    a limited partnership agreement which provides that no Class A Units may
    be held by or transferred to, among other things, a person who is a "non-
    resident" of Canada, a person in which an interest would be a "tax
    shelter investment" or a partnership which is not a "Canadian
    partnership" for purposes of the Income Tax Act (Canada).

    (TM) denotes trademark of Canaccord Capital Corporation.
    

For further information: For further information: Stephen H. White, President and C.E.O., Fort Chicago Energy Partners L.P., Livingston Place, Suite 440, 222 - 3rd Avenue S.W., Calgary, AB, T2P 0B4, Phone: (403) 296-0140, Fax: (403) 213-3648, www.fortchicago.com

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