Chase Energy Canada Limited

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15138 which is 125 mmcf BELOW the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is -126 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by +329 mmcf flowing at 4856 mmcf. ABC shows a change by -39 mmcf flowing at 2149 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 560 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is an 168 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15321 which is 58 mmcf ABOVE the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is +125 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -96 mmcf flowing at 4527 mmcf. ABC shows a change by +11 mmcf flowing at 2188 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 728 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is an 175 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

Seaforth Energy Inc. of Dartmouth — a wind turbine manufacturer with a specialty in integrating renewable energy projects — will be able to use the $2 million it’s raised recently to scale up operations in order to deliver on backlogged orders for its 50 kilowatt turbine – an all Canadian product built in Nova Scotia. The company’s turbines are a fraction of the size of the three-megawatt turbines being installed on Dalhousie Mountain, Pictou County. The turbine would go on a 30- to 36-metre tower and it would have a rotor diameter of 15 metres. A large turbine would have a rotor diameter nowadays, probably, of 60 to 80 metres…The mighty St. Lawrence River will soon be home to an underwater power-generating project that could one day churn in rivers across Canada. a pair of 3.2-metre-high river turbines — which resemble giant jet engines — will be plunked into the waves near Montreal as part of a pilot project. The operation will start off small, producing a total of 500 kilowatts of energy. The federal and provincial governments are also on board, funding one-third of the $18-million project. But the underwater powerhouses have also been known to cripple — and kill — underwater wildlife – the bigger fish in the St. Lawrence, such as the sturgeon, are at the most risk…Ballard Power Systems announced the successful completion, during second quarter, of factory testing of a utility-scale distributed generation system using the company’s proton exchange membrane (PEM) fuel cells. Installation and commissioning of the system for a multi- year demonstration at FirstEnergy Generation Corp’s Eastlake Plant in Ohio is planned for third quarter of this year. Ballard designed the generator to provide clean energy peaking capacity, which is particularly useful during heavy energy demand periods in the summer months, and tested the generator to a power level of one megawatt.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15245 which is 18 mmcf BELOW the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is -66 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by +88 mmcf flowing at 4623 mmcf. ABC shows a change by -26 mmcf flowing at 2177 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 903 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is an 88 mmcf NET INCREASE in the flow rate from yesterday’s gas day.

The British Columbia government continues to give serious consideration to a major hydroelectric expansion project on the Columbia River system. Bill Bennett told The Vancouver Sun editorial board on Monday that plans for a 335-megawatt expansion of the Waneta generating station on the Pend d’Oreille River south of Trail are being seriously scoped out right now. Plans for the expansion were approved by government regulators in 2008, but Columbia Power Corp. announced nine months ago the process had stalled due to the absence of a deal with BC Hydro to buy the extra power that would be generated. A contract awarded last year to SNC-Lavalin to build a two-unit powerhouse expires in mid-August, adding some urgency to negotiations among Columbia Power, BC Hydro and Fortis to buy the power that would be produced. Bennett said he continues to impress upon his cabinet colleagues the urgency of preparing for a review of the Columbia River Treaty between Canada and the United States which expires in 2014. The treaty annually earns B.C. around $200 million, for water management services that facilitate flood control, irrigation and hydroelectricity production south of the border… International Power Canada Inc is taking a majority stake in what is expected to be Vancouver Island’s first operating wind power project from Sea Breeze Power Corp. – when construction of phase one of the $300 million project is complete, Knob Hill is expected to generate 99MW. As Knob Hill is located on the traditional territories of three First Nations – the Quatsino, Tlatlasikwals, and Kwakiutl — development is still subject to the signing of impact/benefit agreements with the aboriginals.

NOVA/TransCanada Alberta System Linepack: for Friday = 14943, Saturday = 15217 and Sunday = 15343 mmcf which is 80 mmcf ABOVE the Linepack target of 15,263 mmcf.  The ROC for the past 24 hours was = +172 mmcf. The Eastern Borders (Empress and McNeil) collectively for the term flowed as follows…… Friday = 4762, Saturday = 4571 and Sunday = 4535 mmcf.  ABC flow for the term ….. Friday = 2274, Saturday = 2190 and Sunday = 2203 and mmcf. Storage flow for the term starting with Friday shows a net INJECTION = 755, Saturday net INJECTION = 708 and Sunday net INJECTION = 815 mmcf (“Negative”… reflects a WITHDRAWAL from storage onto the system) which is a 107 mmcf NET INCREASE in the INJECTION rate from yesterday’s gas day.

Alberta NIT SPOT Prices for: Friday = $3.5025, Saturday = $3.4950 and Sunday = $3.4100 which is a DECREASE of $0.0925 from the last business trading day (Friday) Spot Settlement Price.

Keephills#2 went offline at 21:04 Friday and back online at 13:52 Sunday… Maine & Maritimes Corporation announced that a majority of its shares were voted in favor of adopting the merger agreement with BHE Holdings Inc. of Bangor, ME , a subsidiary of Emera Inc. Maine & Maritimes Corporation is the parent company of Maine Public Service Company, a regulated electric transmission and distribution utility serving approximately 36,000 electricity customer accounts in Northern Maine while Emera Inc. is an energy and services company with $5.4 billion in assets-electricity is Emera’s core business. Approximately 94% of Emera’s revenues are earned by Nova Scotia Power Inc, Bangor Hydro Electric Company and the Brunswick Pipeline…New technology to capture carbon dioxide byproducts has been selected for use at the Tenaska Trailblazer Energy Center, the proposed coal-fired power plant near Sweetwater, TX. The plant will be among the first in the nation — and the first in Texas — to use the Fluor carbon capture technology for the coal-fired, 600-megawatt electricity generating plant. The technology is designed to capture 85 to 90 percent of the CO2 byproduct and send it via pipeline to the Permian Basin, where it will be used in enhanced oil recovery. The technology has been licensed on a commercial scale at 26 industrial plants worldwide, including three in the U.S… Renovalia Energy SA, the Spanish solar and wind power producer that in May postponed an initial public offering, said it plans a $258 million wind park in Alberta. The facility will have an electricity generating capacity of 120MW, and construction will begin the first quarter of 2011.

The Ontario Energy Board announced it is resuming work on province-wide programs related to low-income energy customers. The Board’s work on Conservation and Demand Management includes coordinating with the Ontario Power Authority as it develops a program for low-income residential consumers to ensure there is a coordinated approach to deliver CDM and Demand Side Management programs by electricity and natural gas distributors.

The Board also issued a draft CDM Code for electricity distributors on June 22, 2010 setting out the obligations and requirements that licensed electricity distributors must comply with in relation to their CDM targets. The targets aim to reduce electricity consumption by 6,000 gigawatt hours and to reduce peak provincial electricity demand by 1,330 megawatts over a four-year period…APS and NextEra Energy Resources of Florida announced plans for a 99-megawatt wind energy facility on public and private lands 13 miles north of Williams, Az.

The Perrin Ranch Wind Energy Center will contain 62 turbines spread across 20,000 acres west of Highway 64 with construction expected to begin in mid-2011.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15099 which is 164 mmcf BELOW the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is +39 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -32 mmcf flowing at 4651 mmcf. ABC shows a change by -14 mmcf flowing at 2275 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 565 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is an 51 mmcf NET DECREASE in the flow rate from yesterday’s gas day.