MONTREAL, July 17, 2012 /CNW Telbec/ - Valener Inc. ("Valener") (TSX:
VNR), created in the context of the reorganization of Gaz Métro Limited
Partnership's ("Gaz Métro") public ownership structure, will hold a
telephone conference with financial analysts on Friday, August 10,
2012, at 11:00 a.m. (Eastern time) to discuss its results and those of
Gaz Métro for the third quarter ended June 30, 2012.
Pursuant to an administration and management support agreement entered
into between Valener and Gaz Métro on September 30, 2010, Gaz Métro
acts as manager of Valener. To that effect, Sophie Brochu, President
and Chief Executive Officer, and Pierre Despars, Executive Vice
President, Corporate Affairs and Chief Financial Officer of Gaz Métro
inc., Gaz Métro's general partner, will be the speakers. This will be
followed by a question period. Results will be released in the morning
on the same day.
The conference can be accessed live by dialling 647-427-7450 or toll-free 1-888-231-8191. It will also be Webcast on Valener's Web site (www.valener.com) in the Investors section under "Events and Presentations".
Media and other interested individuals are invited to listen in.
Speakers will be available after the conference call for interviews and
to answer questions from the media.
Rebroadcasts can be accessed for 30 days by telephone at 416-849-0833 or
toll-free at 1-855-859-2056 (access code: 11792953), and for 90 days on
Valener's Web site.
Overview of Valener
Valener owns an economic interest of approximately 29% in Gaz Métro.
Valener therefore has a stake in the energy industry and benefits from
Gaz Métro's diversified profile, both in terms of geography and
business segment. Valener also owns a 24.5% indirect interest in the
wind power projects jointly developed with Gaz Métro and Boralex Inc.
on the private lands of Séminaire de Québec. Valener may also pursue
its own development projects and acquisition strategies subject to a
non-competition agreement in favour of Gaz Métro and to applicable
limitations under its credit facility. Valener's common shares are
listed on the Toronto Stock Exchange under the "VNR" trading symbol. www.valener.com.
Overview of Gaz Métro
With close to $5 billion in assets, Gaz Métro is a major energy
distributor. It owns the only gas distributor in Vermont and is the
major natural gas distribution company in Québec, where its more than
10,000-km underground distribution network serves some
300 municipalities. Gaz Métro is also involved in the electricity
distribution market, in the transportation and storage of natural gas,
as well as in the development of innovative energy projects such as
wind power, natural gas as a fuel for the transportation industry and
biomethanation. Gaz Métro is committed to the satisfaction of its
180,000 Quebec and 295,000 Vermont customers, as well as its Partners
(Gaz Métro inc. and Valener), employees and the communities it serves. www.gazmetro.com
SOURCE VALENER INC.
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