Brookfield Renewable Power Inc.

Brookfield Renewable Power Inc.

October 07, 2010 09:05 ET

Brookfield Renewable Power Files Prospectus Supplement for Proposed Notes Offering

Intends to Redeem 8.75% Notes

TORONTO, ONTARIO--(Marketwire - Oct. 7, 2010) -


Brookfield Renewable Power Inc. (the "Company") today announced the filing on October 6, 2010, of a Prospectus Supplement qualifying up to $500 million of medium-term notes in connection with a proposed notes offering.

The Company intends to use the net proceeds of any such offering to redeem its 8.75% Series 5 medium-term notes, due February 3, 2012, and for general corporate purposes.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus, the prospectus supplement or any related pricing supplements. The 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 within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Brookfield Renewable Power

Brookfield Renewable Power Inc., wholly-owned by Brookfield Asset Management Inc., has more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities. Its total portfolio includes more than 165 generating facilities with over 4,200 megawatts of capacity. It also has a significant hydroelectric and wind project pipeline. Brookfield Renewable Power's operations are primarily located in North America and Brazil. Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has over US$100 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on Euronext Amsterdam under the symbol BAMA. For more information, please visit Brookfield Renewable Power's website at and Brookfield Asset Management's website at

Cautionary Statement on Forward-looking Information

Certain information regarding Brookfield Renewable Power contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. The words "proposed" and "intends" are predictions of or indicate future events, trends or prospects and do not relate to historical matters, identify forward-looking statements. Forward-looking statements in this press release include statements regarding the proposed offering and the use of proceeds from the offering. Although Brookfield Renewable Power believes that its anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, it can give no assurance that such expectations will prove to have been correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield Renewable Power to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: the risk that the offering does not close, the behaviour of financial markets including fluctuations in interest and exchange rates, risks of equipment failure and other risks and factors detailed from time to time under the heading "Risk Factors" in Brookfield Renewable Power's Annual Information Form filed with the securities regulators in Canada . We caution that the foregoing list of important factors that may affect future results is not exhaustive. Except as required by law, Brookfield Renewable Power undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

Contact Information

  • Brookfield Renewable Power
    Zev Korman
    Director, Investor Relations & Communications
    (416) 359-1955