ATCO Power To Build New Power Plant in Northern Alberta

New Electricity Available Within 10 Months

Thursday, March 1, 2001

Calgary, Alberta: ATCO Power will build its seventh new power plant in Alberta since deregulation began in the province. The $70 million, 92 MW generating facility, which is capable of supplying enough electricity for 75,000 homes, will be built in record time and produce power by next winter.

"This environmentally progressive, low nitrous oxide plant will be built by ATCO Power in 10 months," said ATCO Power President, Gary Bauer. "ATCO Power has committed significant investment in new power generation facilities in Alberta since deregulation," he added.

The new plant will be built at the company's existing Sturgeon site, near Valleyview, Alberta 100 kms east of Grande Prairie. The plant will also provide system stability benefits for northwestern Alberta and be an important addition of capacity to meet Alberta’s growing power requirements.

The power plant is comprised of two General Electric natural gas turbine generators, similar to ATCO Power’s two other plants in northwestern Alberta at Poplar Hill and Rainbow Lake. The choice of this technology and the Sturgeon site was made to bring additional electricity to Alberta as rapidly as possible. Located at an existing power plant site, electricity grid connections and other required infrastructure are already in place. ATCO will continue to operate the two small natural gas turbine units at the site, with a capacity of 18 MW, that have been in service since 1957.

ATCO Power is a world leader in the development of environmentally progressive generation facilities. It has built, owns and operates power plants in Canada, the United Kingdom and Australia. In Alberta, ATCO Power has recently built or has under construction with partners six independent power plants capable of generating sufficient new electricity to supply 750,000 households. The plants are located at Primrose, Poplar Hill, Joffre, Rainbow Lake, Scotford, and Muskeg River. ATCO Power also operates three coal-fired generating stations in Alberta with a capacity of over 1500 MW.

ATCO Power is a member of the ATCO Group, an Alberta-based corporation with a worldwide organization of companies and more than 6000 employees engaged in power generation, utilities, logistics and energy services, industrials and technologies. More information about ATCO can be found on its website, www.ATCO.com.

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