Gaz Métro completes acquisition of Green Mountain Power



    MONTREAL, April 12 /CNW Telbec/ - Gaz Métro Limited Partnership
(TSX: GZM.UN), through its wholly owned subsidiary, Northern New England
Energy Corporation (NNEEC), today completed the acquisition of Green Mountain
Power Corporation (NYSE:   GMP), the second-largest electricity distributor in
Vermont.
    GMP will now operate as a wholly owned subsidiary of NNEEC, which already
includes Gaz Métro's activities in New England: Vermont Gas Systems and
Portland Natural Gas Transmission System (PNGTS). GMP will continue to be
managed by its current management team, which is based in Vermont.
    "We are delighted to welcome Green Mountain Power into our group of
energy companies. Over the last 20 years, Gaz Métro has shown its long-term
commitment to energy consumers in New England through Vermont Gas Systems and
Portland Natural Gas Transmission System, and we intend to continue in this
manner," said Sophie Brochu, President and Chief Executive Officer of Gaz
Métro.

    About Green Mountain Power

    Green Mountain Power is an electric utility with revenues of
approximately $240 million US. GMP is the second-largest electricity
distributor in Vermont, with 195 employees working to serve more than 90,000
customers. It transmits, distributes and sells electricity, as well as
offering construction services for other utilities in the State of Vermont.

    About Gaz Métro

    With more than $2.7 billion of assets and over 1,500 employees in Québec,
Gaz Métro is a leading Québec energy company and one of the largest natural
gas distributors in Canada. It serves some 167,000 customers in Québec through
its approximately 10,000-km underground system, while a subsidiary, Vermont
Gas Systems, serves some 38,000 customers.
    Gaz Métro also holds significant financial interests in two natural gas
transmission companies (Trans-Québec - Maritimes PipeLine and Portland Natural
Gas Transmission System) and in a company that specializes in underground
reservoirs for the storage of natural gas (Intragaz). Subsidiaries of Gaz
Métro offer repair and maintenance services for natural gas equipment (Gaz
Métro Plus), urban air-conditioning and heating systems (CDH Solutions &
Operations), and the rental of water heaters, including electric water heaters
(HydroSolution). Through its various subsidiaries and joint ventures, Gaz
Métro also operates in the diagnosis and rehabilitation of drinking water and
wastewater systems (Aqua Data and Aqua-Rehab) and in fiber-optics (MTO
Telecom).




For further information:

For further information: Frédéric Krikorian, Public Affairs Advisor, Gaz
Métro, (514) 598-3449, fkrikorian@gazmetro.com


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