RICHMOND, BC, June 12 /CNW/ - EPCOR Utilities Inc. ("EPCOR"), through its
indirect wholly owned subsidiary EPCOR Power Development (British Columbia)
Limited Partnership, announced today that the Application for an environmental
assessment certificate for the Quality Wind Project ("QWP") has been accepted
for review by the British Columbia Environmental Assessment Office ("EAO").
The 142.2 megawatt ("MW") wind project is proposed for an area
approximately ten kilometres northeast of Tumbler Ridge in northeastern BC. A
formal 180 day review process has commenced to examine the project's potential
impacts, including biophysical, social, economic, heritage and health
components. The opportunity for public input will commence on June 17, 2009
with the start of a 30-day public comment period. Open houses will be held in
Tumbler Ridge (June 24) and Dawson Creek (June 25).
The QWP has been submitted to BC Hydro's Clean Call for Power. The
proposed project site is located entirely on uninhabited Crown land that has
been previously impacted by oil and gas activities, logging and a major forest
fire in 2006. The full Application document can be viewed on the EAO website
On May 8, 2009, EPCOR announced its plans to spinoff its power generation
assets to form Capital Power Corporation (Capital Power), an independent power
company that is undertaking an initial public offering of its shares. It is
anticipated that EPCOR Power Development (British Columbia) Limited
Partnership will be sold to Capital Power as part of that transaction.
Construction of the QWP will be subject to conditions such as regulatory
approvals, economic and engineering assessments, and successful negotiation of
a power purchase agreement with BC Hydro.
EPCOR's wholly owned subsidiaries build, own and operate power plants,
electrical transmission and distribution networks, water and wastewater
treatment facilities and infrastructure in North America. EPCOR, headquartered
in Edmonton, Alberta, has been named one of Canada's Top 100 employers for
nine consecutive years, and was selected one of Canada's 10 Most
Earth-Friendly Employers in 2008.
Certain information in this press release is forward-looking and related
to anticipated financial performance, events and strategies. When used in this
context, words such as "will", "anticipate", "believe", "plan", "intend",
"target", "expect" or similar words suggest future outcomes. By their nature,
such statements are subject to significant risks and uncertainties, which
could cause EPCOR's actual results and experience to be materially different
than the anticipated results. Such risks and uncertainties include, but are
not limited to, operating performance, commodity prices and volumes, load
settlement, regulatory and government decisions, weather and economic
conditions, competitive pressures, construction risks, obtaining financing and
the performance of partners, contractors and suppliers.
Readers are cautioned not to place undue reliance on forward-looking
statements as actual results could differ materially from the plans,
expectations, estimates or intentions expressed in the forward-looking
statements. Except as required by law, EPCOR disclaims any intention and
assumes no obligation to update any forward-looking statement even if new
information becomes available, as a result of future events or for any other
For further information:
For further information: Jay Shukin, EPCOR Corporate Relations, (250)