Newfoundland Power Receives PUB Ruling on Pole Deal

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Sept. 29, 2011) - Newfoundland Power Inc.'s (Newfoundland Power) application requesting approval of the sale of certain utility poles to Bell Aliant Regional Communications Inc. (Bell Aliant) has been approved by the Newfoundland and Labrador Board of Commissioners of Public Utilities (PUB).

In 2001, Newfoundland Power purchased Bell Aliant's joint-use poles under a 10-year agreement, which expired December 31, 2010. Bell Aliant gave notice of its intention not to renew the agreement, and instead exercised their option to buy these poles back from Newfoundland Power.

With a customer base of over 244,000 customer accounts, Newfoundland Power is committed to safety and dedicated to providing the highest level of customer service and reliability of electricity in the most cost-efficient manner possible. For more information on Newfoundland Power's programs, services and community partnerships, please visit newfoundlandpower.com.