Terasen Energy Services brings alternative energy solutions to B.C. condo developments

    BURNABY, BC, July 15 /CNW/ - A growing number of B.C. developers are
signing agreements with Terasen Energy Services, introducing innovative
geoexchange energy solutions to their developments and lessening the demands
on the province's electricity grid.
    As B.C.'s leader in alternative thermal energy systems, Terasen Energy
Services builds, owns and operates innovative geoexchange systems, community
piping and energy transfer systems to harness renewable energy sources.
    "Our systems reduce the environmental impact of traditional systems,
while maintaining residents' comfort and luxury," said Gareth Jones, Terasen
Energy Services Vice President and General Manager. "At the same time, they
transfer costs away from the developer and ensure reliable and safe operation
of the system, while keeping energy costs competitive."
    An increasing number of developers are getting the attention of new
homebuyers across the province by recognizing that alternative energy reduces
greenhouse gas emissions and provides competitive energy costs for homeowners.
    "By working with Terasen Energy Services to include a geoexchange system
in the Flatiron development project, we are able to provide a product that
sets us apart from other developers - this is critical in today's market,"
said Andrew Wade, Project Manager for Cathedral Ventures Ltd. "By utilizing
Terasen Energy Services' alternative energy solutions in our project, we can
deliver what today's buyers want: sustainable and reliable energy for heat,
hot water and cooling that is also cost-effective."

    Terasen Energy Services has a growing inventory of geoexchange systems
throughout B.C. including:

    -   The Flatiron, a 52-unit highrise in downtown Vancouver. Terasen
        Energy Services' geoexchange system provides heating, cooling and hot
        water. The Flatiron has incorporated an innovative radiant in-floor
        system that delivers heating and cooling quietly and evenly
        throughout the units.
    -   The Indigo, a 174-unit highrise in Osoyoos. Terasen Energy Services'
        geoexchange system will provide heating, cooling and hot water and
        vertical metering that will help residents manage their energy usage.
    -   The Aquattro, a 563-unit luxury waterside condominium development in
        Victoria. Terasen Energy Services' geoexchange systems will utilize a
        combination of nearby ground and water sources to facilitate the heat
        exchange process.

    Geoexchange systems use the solar heat stored in the earth, just below
the frost line or in a body of water, to heat or cool buildings. The systems
are highly efficient, with up to 75 per cent less energy required than a
conventional heating system. Plus, the use of geoexchange energy for a 1,000
square foot residence equates to offsetting up to one tonne of greenhouse
gases each year.
    In addition to geoexchange projects, Terasen Energy Services is actively
developing sustainable district energy systems to provide heat that would
otherwise be supplied by non-renewable energy sources. This includes
involvement in a biomass system for the Dockside Green redevelopment in
Victoria and waste heat recovery from the local waste water treatment plant
for Whistler's Athletes Village for the 2010 Olympics. Visit
terasenenergyservices.com to learn more.

    Terasen Energy Services builds, owns and operates geoexchange systems,
community piping and energy transfer systems to harness renewable energy
sources. Terasen Energy Services is an indirect, wholly owned subsidiary of
Fortis Inc., and uses the Terasen Energy Services name and logo under license
from Terasen Inc. Fortis Inc., the largest investor-owned distribution utility
in Canada, serves two million gas and electric customers and has more than
$10 billion of assets. Its regulated holdings include Terasen Gas and electric
utilities in five Canadian provinces and three Caribbean countries. Fortis
Inc. owns non-regulated hydroelectric generation assets across Canada and in
Belize and upper New York State. It also owns hotels and commercial real
estate in Canada. Fortis Inc. shares are listed on the Toronto Stock Exchange
and trade under the symbol FTS. Additional information can be accessed at
www.fortisinc.com or www.sedar.com.

For further information:

For further information: Media contact: Kristen Mucha, Manager, Business
Development and Customer Relations, Terasen Energy Services, Tel: (604)
928-4188, E-mail: kristen.mucha@terasen.com

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