Canadian Hydro Developers, Inc.

Canadian Hydro Developers, Inc.

August 05, 2009 15:16 ET

Canadian Hydro to Issue Directors' Circular and Hold Conference Call and Webcast

CALGARY, ALBERTA--(Marketwire - Aug. 5, 2009) - Canadian Hydro Developers, Inc. (TSX:KHD) ("Canadian Hydro" or the "Company") intends to mail its Directors' Circular to shareholders on August 6, 2009, as scheduled, in response to the unsolicited bid being made by TransAlta Corporation through 1478860 Alberta Ltd., a wholly owned subsidiary of TransAlta.

The Canadian Hydro Directors' Circular will set forth in detail the reasons its Board of Directors recommends that shareholders reject the TransAlta offer. In addition to being mailed to all shareholders on August 6, 2009, the Directors' Circular will also be available on the Company's website, at, and will be filed on SEDAR and with Canadian securities regulators. Shareholders are advised to read the Canadian Hydro Directors' Circular as it will contain important information regarding the TransAlta offer.

The Company will host a conference call and webcast presentation to discuss the Directors' Circular at 8:30 a.m. Mountain Time (10:30 a.m. Eastern) on August 6, 2009. Participants on the call will be:

- Dennis Erker, Chairman of the Board of Directors;

- Kent Brown, Chief Executive Officer;

- Keith O'Regan, Executive Vice President & Chief Operating Officer; and

- Kathy Boutin, Chief Financial Officer.

Details of the conference call and webcast presentation are as follows:

Date: Thursday, August 6, 2009
Time: 8:30 a.m. MT/10:30 a.m. ET
Dial-in: 1-888-231-8191 (for participants in North America)
647-427-7450 (Toronto or Overseas participants)
Passcode: 23785085

To ensure timely participation in the conference call, callers are encouraged to dial or log in 15 minutes prior to the start time to register for the event. An archive of the webcast presentation will be available through the same link.

A telephone replay will also be available for seven days following the conference call and can be accessed at the following numbers:

Dial-In: 402-220-2889
1-800-395-0359 (toll free)
Passcode: 23785085

About Canadian Hydro

"Recognized as one of Jantzi/Maclean's Top 50 Responsible Corporations in Canada"

Canadian Hydro is committed to Building a Sustainable Future®. The Company is the largest and most diversified developer, owner, and operator of 21 renewable energy generation facilities in Canada totaling net 694 MW of capacity in operation, 185 MW in and nearing construction, and 1,634 MW in development. The renewable generation portfolio is diversified across three technologies (water, wind, and biomass) in the provinces of Alberta, British Columbia, Ontario, and Quebec. This portfolio is unique in Canada as all facilities are certified, or slated for certification, under Environment Canada's EcoLogo(M) Program.

Common shares outstanding: 143,661,223

Contact Information

  • Canadian Hydro Developers, Inc.
    Investor Relations
    Kathy Boutin, Chief Financial Officer
    (403) 298-0256
    Canadian Hydro Developers, Inc.
    Media Relations
    Darryl Warren, Manager, Marketing & Communications
    (403) 806-8143