CALGARY, April 20, 2012 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) today filed on SEDAR its audited consolidated financial statements and notes, as at and for the years ended December 31, 2011 and December 31, 2010, prepared in accordance with generally accepted accounting principles in the United States ("US GAAP").
Veresen has voluntarily prepared and filed these financial statements to assist investors in understanding the transition from Part V - Canadian generally accepted accounting principles to US GAAP. The US GAAP financial statements provide investors with comprehensive disclosure relating to the US GAAP financial information that will appear in Veresen's consolidated financial statements for periods commencing on January 1, 2012.
A pdf copy of the US GAAP financial statements is also available on Veresen's website at www.vereseninc.com.
About Veresen Inc.
Veresen is a publicly-traded dividend paying corporation based in Calgary, Alberta, that owns and operates energy infrastructure assets across North America. Veresen 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; a midstream business which includes ownership interests in a world-class natural gas liquids extraction facility near Chicago, the Hythe/Steeprock complex, and other natural gas and NGL processing energy infrastructure; and a power business with renewable and gas-fired facilities and development projects in Canada and the United States, and district energy systems in Ontario and Prince Edward Island. Veresen and each of its pipeline, midstream and power businesses are also actively developing a number of greenfield projects. In the normal course of its business, Veresen and each of its businesses regularly evaluate and pursue acquisition and development opportunities.
Veresen's common shares, Series A Preferred Shares and Series C Convertible Debentures are listed on the Toronto Stock Exchange under the symbols "VSN", "VSN.PR.A" and VSN.DB.C", respectively. For further information, please visit www.vereseninc.com.
For further information:
Dorreen Miller, Director, Investor Relations
Phone: (403) 213-3633