AltaLink, L.P.

AltaLink, L.P.

April 30, 2008 07:00 ET

Delivering Value for Customers Tops AltaLink's Priorities in 2008

CALGARY, ALBERTA--(Marketwire - April 30, 2008) -


In the face of exceptional growth and a growing infrastructure gap in Alberta, AltaLink remains focused on delivering value to millions of Albertans by providing the reliable electric service they have come to expect.

"AltaLink's transmission system serves 85 per cent of Albertans, moving electricity from generators across the province to the homes, schools and businesses that keep Alberta's economy humming," said Scott Thon, AltaLink President and CEO.

"Our transmission system is consistently one of the most reliable grids, with fewer outages and shorter durations when compared to the average of transmission providers across Canada," said Mr. Thon. "However, the economic and population growth of our province means we are now facing a gap in transmission infrastructure that we must all work to address."

AltaLink is committed to ensuring that its transmission system delivers top reliability at a good price for Albertans. The cost of transmission service in Alberta makes up only five to 10 percent of the average residential electricity bill. For less than 30 cents a day on the average bill, AltaLink maintains more than 11,000 kilometres of transmission lines and 260 substations that keep the lights on in Alberta.

"We will continue to deliver the reliability and cost efficiency that Albertans have to come to expect from us when they turn on the switch. We'll do so by continuously improving our existing equipment and practices while finding innovative solutions to help the province address the need for new transmission lines," said Mr. Thon.

AltaLink, L.P. today reported its financial results for the first quarter ended March 31, 2008. The Partnership recorded net income of $11.6 million before tax for the quarter, compared to net income of $11.2 million before tax for the same period in 2007, primarily due to an increase of $2.9 million in transmission tariff revenue which is partially offset by increases in operating expenses, depreciation and interest expense. The net income reported above is pre-tax, and is not directly comparable with net income reported by companies that recognize tax expense in their financial statements.

Total revenue of $57.6 million increased by $3.7 million in the first quarter of 2008 compared to the same quarter in 2007. Transmission tariffs approved by the Alberta Utilities Commission increased by $2.9 million while miscellaneous revenue increased by $0.6 million. Tariff revenues received from the Alberta Electric System Operator, which constitute 94 per cent (2007 - 95 per cent) of AltaLink, L.P.'s total revenue, have increased primarily due to growth in transmission assets and recovery of increased operating costs.

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. AltaLink has been a proud supporter of Alberta 4-H since 2003, and as a Legacy Builder it is the title sponsor of all regional, district and provincial communications and public speaking programs.

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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