AltaLink, L.P.

AltaLink, L.P.

November 02, 2007 07:00 ET

AltaLink Continues Investment in Security and Reliability of Alberta's Grid in Third Quarter

CALGARY, ALBERTA--(Marketwire - Nov. 2, 2007) -


Continuing its commitment to the reliability of the Alberta electric system, AltaLink invested more than $60 million reinforcing its transmission facilities in the third quarter of 2007 to meet Alberta's growing needs for electric service.

During the first nine months of 2007, AltaLink has invested more than $160 million into the maintenance or construction of facilities on the transmission system. This follows a combined investment of more than $290 million in 2005 and 2006.

While demand for electricity in Alberta continues to grow, AltaLink believes that a new and more market responsive approach to meeting the province's electricity needs should be considered.

"We need to reuse our rights-of-way wherever possible and conserve land for future generations while ensuring we meet the increasing demand for power in Alberta," said Mr. Thon. "There isn't an infinite amount of land available for new lines, and landowners have told us they do not want a proliferation of new transmission corridors."

"It's time to innovate and maximize the output of our existing assets and reuse the land already in use. It's also time to look at employing new transmission technologies, including underground facilities and direct current lines," he added.

AltaLink, L.P. reported its financial results for the third quarter ended September 30, 2007. The Partnership recorded total revenue in the third quarter of 2007 of $54.7 million compared to $48.0 million for the same period in 2006.

Net income increased to $10.0 million before tax for the quarter, compared to net income of $6.0 million before tax for the same period in 2006.

Net income for the nine months ended September 30, 2007 was $29.5 million before tax on total revenues of $161.4 million, compared to net income of $24.6 million before tax and total revenue of $147.7 million for the same period in 2006. The change in net income reflects the increase in the partnership's rate base, as well as a timing change in the recognition of certain components of income.

AltaLink's full financial results and management's discussion and analysis can be found on AltaLink's website at or on SEDAR at

AltaLink, Canada's only fully independent transmission provider, is responsible for the maintenance and operation of more than 11,600 kilometres of transmission lines and approximately 260 substations in Alberta. As Alberta's largest supplier of safe and reliable transmission, AltaLink is moving forward to provide a transmission system that will continue to meet the growing needs of Albertans.

This news release does not constitute an offer to sell or the solicitation of an offer to buy AltaLink's securities in any jurisdiction, including but not limited to, the United States. AltaLink's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of AltaLink's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of AltaLink. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AltaLink's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in AltaLink's filings with the Canadian securities authorities. Accordingly, holders of AltaLink securities and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. AltaLink disclaims any responsibility to update these forward-looking statements.

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