Fort Chicago announces appointment of new directors


    Trading Symbol: FCE.UN
    Exchange: TSX

    CALGARY, July 3 /CNW/ - Fort Chicago Energy Partners L.P. ("Fort
Chicago") announced today that the board of directors of Fort Chicago Energy
Management Ltd., the general partner of Fort Chicago, has appointed two new
individuals as directors of the general partner, increasing the size of the
board from seven to nine members. The appointments follow a search process
conducted over the past several months by the Corporate Governance and
Nominating Committee of the board. Joining the board are Bertrand (Bert)
Valdman of Seattle, Washington and Rebecca McDonald of Houston, Texas.
    Bert Valdman is Executive Vice President and Chief Operating Officer of
Washington-based Puget Sound Energy, the utility subsidiary of Puget Energy, a
Fortune 1000 company. Named COO in May 2007, Mr. Valdman is responsible for
management of PSE's regulated electric and natural gas distribution
operations. He also oversees the Customer Service, Information Technology and
Corporate Affairs functions. Mr. Valdman joined PSE in 2003 as Chief Financial
Officer. Prior to that, Mr. Valdman was managing director in JP Morgan's
utility group. Having joined JP Morgan in 1987, Mr. Valdman held a variety of
positions in the investment bank in New York and Paris. Mr. Valdman taught
courses in financial analysis and corporate finance at the Institut d'Etudes
Politiques in Paris and is currently a faculty member of the University of
Idaho College of Business and Finance Utility Executive Program. Mr. Valdman
holds a bachelor's degree form Northwestern University, and a master's degree
and Ph.D. from Stanford University. Mr. Valdman serves on the board of
PSE-affiliated company, Puget Western, Inc. Active in industry and community
organizations, Mr. Valdman serves on the boards of the Puget Sound Blood
Center and the Pacific Northwest Ballet.
    Rebecca McDonald has over 20 years experience in the energy industry. Ms.
McDonald retired as President of Gas and Power for BHP Billiton Petroleum in
the fall of 2007, a position she had held since 2004. Prior to joining BHP,
Ms. McDonald served as President of the Houston Museum of Natural Science,
having been on the board of trustees for five years, and prior to this was
Chairman and Chief Executive Officer of Enron Global Assets, responsible for
the growth and operations of their asset portfolio throughout Asia, Africa and
South America. From 1993 to 1995 Ms. McDonald was Group Vice President, Amoco
Corporation, responsible for Amoco's world-wide natural gas commercialization
and North American natural gas liquids business, and from 1995 to 1999 was
President and Chief Executive Officer of Amoco Energy Development Corporation,
responsible for the development of equity interests in international natural
gas and power production operations. Ms. McDonald also serves as an
independent director for Granite Construction Company.
    Verne Johnson, Chairman of the board of directors commented "We are very
pleased to have Bert Valdman and Rebecca McDonald join the board. Mr. Valdman
brings to our board a strong background in the energy utility and investment
banking industries, Ms. McDonald adds further experience in the natural gas
business, and both bring to the board important experience in the U.S. energy
business as Fort Chicago continues to build its power and other businesses."

    Fort Chicago is a publicly traded limited partnership based in Calgary,
Alberta, that owns and operates energy infrastructure assets across North
America. Its Class A Units are listed on the TSX under the symbol FCE.UN and
have been assigned a stability rating by Dominion Bond Rating Service and
Standard & Poor's of STA-2 (low) and SR-2, respectively. Fort Chicago 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 Chicago; and a
power business with cogeneration facilities in Ontario and California,
district energy systems in Ontario and Prince Edward Island and waste heat
power facilities along the Alliance Pipeline. Fort Chicago 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 a Nova Scotia-based underground natural gas storage facility.

                     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
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).

For further information:

For further information: Stephen H. White, President and C.E.O.; Hume D.
Kyle, Vice President, Finance and C.F.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,

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