Cartier Wind Energy to Supply Power to Hydro-Quebec

by Peter Shout

Feb 25, 2005 Longueuil Quebec - Quebec-based Cartier Wind Energy (TSX: TRP) (NYSE: TRP) said Friday it signed a deal to supply 740 megawatts of power to Hydro-Quebec Distribution, making it the largest supplier in Quebec.

The wind power projects are located in the Gaspesie-Iles-de-la-Madeleine region and the Regional County Municipality of Matane, Cartier said.

The assets related to the wind power projects are indirectly co-owned by TransCanada Corporation (62%) and Innergex II Income Fund (38%).

The long-term Electricity Supply Contracts, which were initially bid on in October, will be presented to the Regie de l'energie for approval.

The company said these projects represent an investment of more than $1.1 billion and will be commissioned beginning in 2006 and continue up to 2012.

Cartier Wind Energy is controlled by TransCanada Corporation.

Shares of TransCanada closed Friday on the New York Stock Exchange at $24.20, up 1 cent.