AltaLink, L.P.

AltaLink, L.P.

March 16, 2005 09:00 ET

AltaLink, L.P. Receives 2004-2007 Tariff Application Decision From EUB


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ALTALINK, L.P.

MARCH 16, 2005 - 09:00 ET

AltaLink, L.P. Receives 2004-2007 Tariff Application
Decision From EUB

CALGARY, ALBERTA--(CCNMatthews - March 16, 2005) - AltaLink, L.P.,
Alberta's largest electric transmission company, today announced the
receipt of the Alberta Energy and Utilities Board (EUB) decision
(2005-019) on AltaLink's 2004-2007 General Tariff Application.

The decision, received on March 12, provides for an allowed rate of
return on equity of 9.6% for the eight-month stub year in 2004 and 9.5%
for 2005. The EUB's Generic Cost of Capital formula will determine
AltaLink's rate of return on equity in 2006. The Board has also allowed
for a 35% equity component in the regulated capital structure, taking
into account the disallowance of income tax to one of AltaLink's
sponsors, the Ontario Teachers' Pension Plan Board. This decision covers
a two-year, eight-month time period, ending December 31, 2006.

"A key aspect of the decision is the two-year, eight-month test period.
That time period provides AltaLink with the opportunity to manage its
business prospectively, rather than in regulatory lag," said Scott Thon,
AltaLink President and Chief Executive Officer.

AltaLink is continuing to review and analyze the 137-page EUB decision
and the effects it will have on the company's financial position. The
full text of the decision can be found on AltaLink's website at
www.altalink.ca/newsroom.

AltaLink, Canada's only fully independent transmission provider, is
responsible for the maintenance and operation of more than 11,850
kilometers of transmission lines and approximately 260 substations in
Alberta. Serving 85 per cent of Alberta's population, AltaLink is moving
forward to provide a transmission system that will continue to meet the
growing electricity needs of Albertans.

AltaLink Management Ltd. is the general partner of AltaLink, L.P., a
limited partnership organized under the laws of Alberta.

NOT FOR DISSEMINATION IN THE UNITED STATES

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    AltaLink Management Ltd.
    Investor Inquiries: Dimitrios (Jim) Leonidas
    Executive Vice President and Chief Financial Officer
    (403) 267-3413
    (403) 267-3454 (FAX)
    Email: jim.leonidas@AltaLink.ca
    or
    AltaLink Management Ltd.
    Media Inquiries: Scott Schreiner
    Manager, Communications
    (403) 267-2176
    (403) 267-3454 (FAX)
    Email: scott.schreiner@AltaLink.ca