September 27, 2004

SaskPower International, ATCO Power call off 150 MW wind power project in Saskatchewan

CALGARY, ALTA-SaskPower International and ATCO Power will not be proceeding with their joint venture to build 150 megawatts (MW) of wind generation in Saskatchewan. No specific reasons were given for last week's decision, which followed detailed discussions regarding the project. However, Nancy Southern, ATCO Group president and CEO, noted that "our joint ventures have been notable for their significant success and the mutual respect we have for each other. While we have determined not to proceed with this opportunity, we are confident that our relationships will result in other opportunities for investment together in the future." SaskPower remains committed to pursuing wind generation as part of its green power portfolio and will now review options related to the project. "SaskPower just received notification from ATCO Power that they are not proceeding with the joint venture so we will need time to consider our options," said SaskPower president and CEO Pat Youzwa, adding that "SaskPower and ATCO have worked co-operatively and continue to be strong joint venture partners in other projects." More information is available from Larry Christie at SaskPower, 306/566-3167, or Nancy Southern of the ATCO Group, 403/292-7561.
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