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, Sept. 3 /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 September 30, 2009 to shareholders of
record at the close of business on September 17, 2009. 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

    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
includes 19 wholly-owned power generation assets located in Canada and the
United States and a 50 per cent interest in a power generation asset in
Washington State. The Partnership's assets have a total net generating
capacity of 1,400 megawatts and more than four million pounds per hour of
thermal energy. For more information on the Partnership, please visit:

    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 Curtis Palmer, Manchief, Frederickson,
Naval Station, North Island, Naval Training Center, Oxnard, Greeley,
Kenilworth, Roxboro, Southport and Morris power generating facilities. These
facilities have a total generating capacity of approximately 1,080 megawatts
(representing approximately 77 per cent of the total generating capacity of
the Partnership's assets) and approximately four million pounds per hour of
thermal energy (representing 100 per cent of the total thermal energy capacity
of the Partnership's assets).

For further information:

For further information: Media inquiries: Mike Long, (780) 392-5207;
Shareholder and analyst inquiries: Randy Mah, (780) 392-5305, (866) 896-4636
(toll free)

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