Brookfield Power acquires NY hydro plant

Gatineau, Quebec, Aug 2, 2007 — Brookfield Power announced that it has concluded an agreement with Finch Paper LLC to acquire a hydroelectric facility in Glens Falls, New York for an undisclosed purchase price.

Located on the Upper Hudson River, the run-of-river facility has a total installed capacity of 12 megawatts (MW) and produces approximately 60 gigawatt hours (GWh) of energy annually. The energy produced by the facility will be sold under a long-term contract with the Glens Falls paper mill that is owned by Finch Paper LLC.

The transaction closed on August 1, 2007.

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