Calpine Power Income Fund
TSX : CF.UN

Calpine Power Income Fund

August 28, 2006 07:00 ET

Calpine Power Income Fund Announces Further Short Term Tolling Agreement

CALGARY, ALBERTA--(CCNMatthews - Aug. 28, 2006) - Calpine Power Income Fund (TSX:CF.UN) announces that its subsidiary, Calpine Power, L.P., has entered into a short term agreement to toll the capacity from the Calgary Energy Centre with EPCOR Merchant and Capital L.P., a subsidiary of EPCOR Utilities Inc., for a term commencing September 1, 2006 and ending September 30, 2006. This agreement replaces an earlier short term toll arrangement with TransAlta Energy Marketing Corporation which is due to end on August 31, 2006.

"We are pleased to be able to enter into this further short term tolling agreement with EPCOR, which will provide continued tolling revenues to the Fund while the ongoing marketing process for a long term tolling agreement is concluded" said Toby Austin, President and CEO of Calpine Canada Power Ltd., the Manager of the Fund.

Calpine Power Income Fund is an unincorporated open-ended trust that invests in electrical power assets. Calpine Power Income Fund indirectly owns interests in power generating facilities in British Columbia, Alberta and California, as well as a participating loan interest in a power plant in Ontario and a promissory note issued by Calpine Canada Power Ltd.

The Calpine Power Income Fund units are listed on the Toronto Stock Exchange under the symbol CF.UN. For further information on the Fund please visit our website at www.calpinepif.com.

Contact Information

  • Calpine Power Income Fund
    Toby Austin
    President and Chief Executive Officer
    (403) 296-1411
    Website: www.calpinepif.com