Brookfield Power acquires two hydroelectric stations

Gatineau, Quebec, Feb. 21, 2007 — Brookfield Power announced that it has completed the acquisition of two hydroelectric generating facilities from Raquette Hydro Power Ltd. for an undisclosed price.

The acquisition includes the Hewittville and Unionville hydroelectric generating stations located on the Raquette River in New York. The run-of-the-river facilities have a combined generating capacity of 6 megawatts, capable of producing on average 35 gigawatt hours of electricity annually. All power will continue to be sold to Niagara Mohawk Power Corp., an electricity distributor and a subsidiary of National Grid, under a long-term power purchase agreement.

Harry Goldgut, co-chairman and CEO of Brookfield Power, said the acquisition is “an excellent fit” with the company’s existing portfolio in New York.

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