Partnership Hopeful for Development of 120 MW Wind Facility

AltaGas Income Trust entered into an agreement this week with Aeolis Wind Power Corporation to form a limited partnership for the purpose of developing a wind power project at Bear Mountain in northeast British Columbia, near Dawson Creek.

The limited partnership intends to bid in the British Columbia Hydro and Power Authority (BC Hydro) Fiscal 2006 Open Call for Power, which was announced on December 8, 2005. “The proposed wind power project fits our strategy to expand power generation capacity, and would move AltaGas into the development and operation of long-term renewable wind power generation in BC,” said David Cornhill, Chairman, President and CEO of AltaGas. “The Bear Mountain project is a first small step in adding renewable wind power generation to our portfolio, while providing further renewable energy in Canada.” If the bid in the BC Hydro process is successful, the Bear Mountain wind power project would be constructed with an expected nameplate capacity of approximately 120 MW, and the power from the project would be sold under long-term electricity purchase arrangements with BC Hydro. Peace Energy A Renewable Energy Cooperative (Peace Energy) has been a significant proponent for the development of the Bear Mountain project and has provided the project with local support. Peace Energy’s mandate as a cooperative is to popularize, promote and assist with implementing renewable energy and conservation in the British Columbia and Alberta Peace region. Peace Energy is based in Dawson Creek.

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