AltaLink, L.P.

AltaLink, L.P.

March 06, 2007 07:00 ET

AltaLink, L.P. 2007-2008 Tariff Decision by the EUB a Balanced One

CALGARY, ALBERTA--(CCNMatthews - March 6, 2007) -

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The Alberta Energy and Utilities Board (EUB) issued its decision on AltaLink's 2007-2008 tariff application on February 16. The 181-page decision approves AltaLink's regulated revenue for the two-year 2007-2008 test period.

"We see the decision from the EUB as a balanced one, it provides AltaLink with the funding for capital maintenance and growth projects to meet the needs of Alberta," said Scott Thon, AltaLink's President and Chief Executive Officer, "At the same time, the EUB has challenged us to continue to improve on our operational efficiency, ensuring that Alberta ratepayers keep receiving value from our transmission facilities."

As part of its decision, the EUB approved one hundred per cent of AltaLink's forecasted direct assign projects for 2007 and 2008 - projects that will maintain the transmission system's reliability while supporting Alberta's growing demand for electricity.

After more than 20 years without a significant upgrade to the transmission system in Alberta, the Alberta Electric System Operator (AESO) has stated that the backbone transmission system between Edmonton and Calgary must be upgraded by late 2009. Given the inefficiency in the current Edmonton-Calgary grid, the project also saves Albertan consumers millions every month in costly line losses. In 2007, AltaLink must begin construction on the 500 kV development project between Edmonton and Calgary in order to meet the AESO's requirements. AltaLink applied to the EUB for a permit to construct this line in September of last year and the EUB has scheduled a public hearing on the project for March 12 in Red Deer.

"This project, and the other projects assigned to AltaLink by the Alberta Electric System Operator, will continue to support the Alberta advantage by delivering the infrastructure needed to power our province's growth," said Mr. Thon.

AltaLink, Canada's only fully stand-alone 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.

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