Veresen Inc. (ticker: FCE_UN.TO, exchange: Toronto Stock Exchange (.TO))
News Release -
FORT CHICAGO ANNOUNCES MANAGEMENT CHANGE
CALGARY, Oct. 29, 2010 (Canada NewsWire via COMTEX) --
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Trading Symbol: FCE.UN
CALGARY, Oct. 29 /CNW/ - Fort Chicago Energy Partners L.P. ("Fort Chicago") announced today that effective December 15, 2010 John O'Rourke will be retiring from his position as Vice President, Power of Fort Chicago Energy Management Ltd., the general partner of Fort Chicago. Stephen White, Fort Chicago's President and Chief Executive Officer commented "John has been instrumental in building Fort Chicago's power business over the past several years and we wish him well in his future endeavors". John O'Rourke commented that "I have thoroughly enjoyed my time with Fort Chicago and I am now looking forward to heading home to California to spend more time with my family".
Fort Chicago is a publicly traded limited partnership based in Calgary, Alberta, that owns and operates energy infrastructure assets across North America. Its Class A Units are listed on the TSX under the symbol FCE.UN. Fort Chicago is engaged in three principal businesses: a pipeline transportation business comprised of interests in two pipeline systems, the Alliance Pipeline and the Alberta Ethane Gathering System; an NGL extraction business which includes a significant interest in a world-class extraction facility near Chicago; and a power business with power facilities in Ontario, New York, Colorado and California, district energy systems in Ontario and Prince Edward Island, waste heat power facilities along the Alliance Pipeline in Saskatchewan and renewable power projects in British Columbia. Fort Chicago and each of its pipeline, NGL extraction and power businesses are also actively developing a number of greenfield investment opportunities that will be a key source of future growth. In the normal course of its business, Fort Chicago and each of its businesses regularly evaluate and pursue acquisition and development opportunities.
Class A Unit Ownership Restrictions
Fort Chicago is organized in accordance with the terms and conditions of a limited partnership agreement which provides that no Class A Units may be held by or transferred to, among other things, a person who is a "non-resident" of Canada, a person in which an interest would be a "tax shelter investment" or a partnership which is not a "Canadian partnership" for purposes of the Income Tax Act (Canada).
SOURCE: Fort Chicago Energy Partners L.P.
Stephen H. White, President and C.E.O.; Richard Weech, Vice President, Finance and
C.F.O., Fort Chicago Energy Partners L.P., Livingston Place, Suite 440, 222 - 3rd
Avenue S.W., Calgary, AB, T2P 0B4, Phone: (403) 296-0140, Fax: (403) 213-3648,