Fort Chicago announces monthly cash distribution for August 2009


    Trading Symbol: FCE.UN
    Exchange: TSX

    CALGARY, Aug. 19 /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 declared a cash
distribution for August 2009 of $0.0833 per Class A limited partnership unit
of Fort Chicago ("Class A Unit"). The distribution will be paid on September
23, 2009 to unitholders of record at the close of business on August 31, 2009.
    Of this distribution, $0.0037 per Class A Unit will be considered U.S.
source interest income and $0.0143 per Class A Unit will be considered U.S.
source dividend income, each of which may be subject to U.S. withholding
taxes. The balance of the cash distribution of $0.0653 per Class A Unit will
be distributed without any deduction for U.S. withholding taxes. While this
distribution is considered to be a return of capital for Canadian income tax
purposes, unitholders are allocated a proportionate share of Fort Chicago's
taxable income. As a percent of projected cash distributions paid, taxable
income allocations are expected to be in the range of 95% to 100% in 2009.
    In connection with this distribution, Fort Chicago has determined that,
for purposes of the Premium Distribution(TM) and Distribution Reinvestment
Plan ("Plan"), $0.0796 per Class A Unit (representing the full amount of the
distribution of $0.0833 per Class A Unit less the $0.0037 per Class A Unit
considered to be U.S. source interest income), less the amount of any
applicable U.S. withholding taxes, is eligible to be reinvested by
unitholders, at a 5% discount, in additional Class A Units held for their
account under the Plan, or have them delivered to a designated plan broker in
exchange for a premium cash payment equal to 102% of the reinvested amount
under the Premium Distribution(TM) component of the Plan. Any portion of a
cash distribution that is not reinvested under the Plan will be paid in the
normal manner.
    A registered unitholder who has not previously enrolled in the Plan and
wishes to enroll in the Plan for the August 2009 distribution and for future
distributions must deliver a completed enrolment form to Computershare Trust
Company of Canada, as Plan Agent, at or before 5:00 pm (Toronto time) on
Monday, August 24, 2009. Beneficial unitholders who wish to participate or to
continue to participate in the Plan should contact their broker, investment
dealer, financial institution or other nominee to provide appropriate
enrolment instructions and to ensure any deadlines or other requirements that
such nominee may impose or be subject to are met.

    Fort Chicago

    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. 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 power facilities in Ontario, Colorado 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 Nova Scotia-based underground natural gas
storage and pipeline facilities.

    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
held by or 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).

    (TM) denotes trademark of Canaccord Capital Corporation

For further information:

For further information: Stephen H. White, President and C.E.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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