Ms. Donna Hynes reports

WANETA EXPANSION HYDROELECTRIC GENERATING FACILITY IN PRODUCTION

The Waneta Expansion Limited Partnership, a partnership between Fortis Inc., Columbia Power Corp. and Columbia Basin Trust, has brought its $900-million, 335-megawatt Waneta expansion hydroelectric generating facility near Trail, B.C., on-line, and it is generating power. Fortis has a 51-per-cent controlling ownership interest in the Waneta expansion. All of the output of the Waneta expansion will be sold to BC Hydro and FortisBC Inc. under 40-year contracts.

The Waneta expansion adds a second powerhouse, immediately downstream of the Waneta dam on the Pend d'Oreille River, that shares the existing hydraulic head and generates clean, renewable, cost-effective power from water that would otherwise be spilled. The project included construction of a 10-kilometre, 230-kilovolt transmission line and provides enough energy to power about 60,000 homes per year. It was completed six weeks ahead of schedule and on budget while maintaining an excellent safety and environmental protection record.

We seek Safe Harbor.