/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES./
Trading Symbol: FCE.UN
CALGARY, Oct. 19 /CNW/ - Fort Chicago Energy Partners L.P. ("Fort Chicago") today announced that Mr. David Holm has been appointed Executive Vice President, Corporate and Business Development of Fort Chicago Energy Management Ltd., the general partner of Fort Chicago. Mr. Holm will oversee all of Fort Chicago's strategic and business development activities. Mr. Stephen White, President and Chief Executive Officer of Fort Chicago stated "I am extremely pleased to have David join the executive team at Fort Chicago. David brings to Fort Chicago a wealth of experience in a variety of areas that will increase the strength and depth of our management group."
Mr. Holm most recently served for more than three years as Executive Vice-President of Finance, Strategy and Business Development and Corporate Secretary of Provident Energy Trust. Prior to that he spent six years in the investment banking industry and practiced securities and transactional law for 15 years, including as a partner with the Macleod Dixon law firm in Calgary. Mr. Holm has served as a director of both public and of large private energy companies.
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).
SOURCE Veresen Inc.
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, www.fortchicago.com