Chase Energy Canada Limited

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15141 which is 122 mmcf BELOW the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is -86 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -311 mmcf flowing at 4683 mmcf. ABC shows a change by +11 mmcf flowing at 2289 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 616 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is an 868 mmcf NET CHANGE in the flow rate from yesterday’s gas day.

Sundance#3 was offline from 10:18 until 02:01 this morning pushing 7X24 Price up to $136.34…Danish wind turbine manufacturer Vestas has won a record order for a single site for 190 turbines with a total capacity of 570 megawatts for a California project. Vestas did not disclose financial details of the order, from Alta Wind Holdings, a subsidiary of Terra-Gen Power LLC – it sealed a $1.2-billion financing deal for four wind power projects at its Alta Wind Energy Center in Kern County, Calif…A weekend steam leak at a southern Indiana power plant prompted its operator to temporarily take the coal-fired facility offline so that workers can check all of its units for similar problems. Ohio Valley Electrical Corp. shut down all six of the 1,230-megawatt Clifty Creek plant’s units as a precaution Saturday after a boiler tube failed in one unit and steam began leaking. Those boiler tubes carry superheated high-pressure steam to the plant’s power-generating turbines – each of the plant’s six boilers have 112 boiler tubes and workers are inspecting all of those for problems. The Ohio River plant’s absence hasn’t left the power grid short of electricity because the recession has reduced demand and there is enough power. Environmentalists have called the plant one of the Indiana’s dirtiest in terms of its air emissions. It began producing electricity in 1955.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15295 which is 32 mmcf ABOVE the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is +455 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -90 mmcf flowing at 4994 mmcf. ABC shows a change by +10 mmcf flowing at 2278 mmcf. The storage facilities collective rates are currently showing a net INJECTION = -252 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 684 mmcf NET CHANGE in the flow rate from yesterday’s gas day.

Capital Power’s proposed wind project in northeastern British Columbia has received an Environmental Assessment Certificate from the provincial government. The $455 million Quality Wind Project will be a 142MW wind farm with 79 wind turbines across the site located near Tumbler Ridge. The Environmental Assessment process concluded that the proposed project is not likely to have significant adverse effects, based on the mitigation measures and commitments included as conditions of the environmental assessment certificate. Commercial operation is expected by the end of 2012.

Progress Energy Florida estimates its Crystal River nuclear power plant will be back on line by the end of September now that the utility company is working to replace a cracked section of the facility’s containment wall…A bomb and gun attack on a hydroelectric power station in Russia’s Kabardino-Balkaria region has killed two guards and injured two others. Supplies to the electricity grid were not affected – the flow of water from the dam had been stopped to prevent any flooding downriver.

Natural gas futures fell for the ninth time in 11 days in New York amid signs that supplies of the power-plant and factory fuel will exceed demand…Improvements to interprovincial power transmission infrastructure in Nova Scotia and New Brunswick would be a boon to planned and proposed renewable projects. Nova Scotia Power CEO Chris Huskilson will join New Brunswick Premier Shawn Graham and NB Power representatives in Fredericton today for an announcement on regional energy co-operation. Another $200-million, 345-kilovolt power transmission line between the provinces, which Nova Scotia Power revealed recently it is considering, would allow more clean power to flow on the grid. Hydro-Quebec also has another 6,000 megawatts of power planned for the coming years that could be pushed into Atlantic Canada…Schneider Electric’s Renewable Energies Business has been awarded another 30MW inverter contract with EDF EN Canada Inc. This contract is for EDF EN Canada’s new solar photovoltaic projects: St. Isidore and Elmsley, outside Ottawa…Progress Energy Florida estimates its Crystal River nuclear power plant will be back on line by the end of September now that the utility company is working to replace a cracked section of the facility’s containment wall…Delaware regulators announced a pact that will leave only one big coal-fired boiler operating at the Indian River power plant near Millsboro MD by 2013, part of a deal that also will expand training programs for clean energy jobs. NRG will permanently shut down its 155-megawatt Unit 3 boiler in December 2013.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 14895 which is 368 mmcf BELOW the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is -261 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -36 mmcf flowing at 5084 mmcf. ABC shows a change by +5 mmcf flowing at 2268 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 432 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 2 mmcf NET INCREASE in the flow rate from yesterday’s gas day.

NOVA/TransCanada Alberta System Linepack: for Friday = 15274, Saturday = 15320 and Sunday = 15176 mmcf which is 87 mmcf BELOW the Linepack target of 15,263 mmcf.  The ROC for the past 24 hours was = -98 mmcf. The Eastern Borders (Empress and McNeil) collectively for the term flowed as follows…… Friday = 4897, Saturday = 5082 and Sunday = 5120 mmcf.  ABC flow for the term ….. Friday = 2323, Saturday = 2219 and Sunday = 2263 and mmcf. Storage flow for the term starting with Friday shows a net INJECTION = 508, Saturday net INJECTION = 408 and Sunday net INJECTION = 430 mmcf (“Negative”… reflects a WITHDRAWAL from storage onto the system) which is a 22 mmcf NET INCREASE in the INJECTION rate from yesterday’s gas day.

Alberta NIT SPOT Prices for: Friday = $3.44, Saturday = $3.40 and Sunday = $3.44 which is a NO CHANGE of $0.00 from the last business trading day (Friday) Spot Settlement Price.

Sundance#5 came online at 00:49 Saturday; Sundance#6 went offline at 06:44 Sunday and back online at 23:15 Sunday…TransCanada has joined the chorus of those calling for the rejection of the amended Power Purchase Agreement reached by National Grid and Deepwater Wind for electricity from a wind farm off Block Island. In filing with the Public Utilities Commission this week, TransCanada makes the same constitutional argument it successfully utilized to force Massachusetts to modify its renewable energy laws in June – the new PPA “violates the Commerce Clause, Article I, Section 8 of the U.S. Constitution as an unlawful restriction by the state of Rhode Island on interstate commerce.” TransCanada, which owns the Kibby Wind farm in Stratton, Maine, says the amended legislation — especially the Long-Term Contracting Statute — which enabled the modified Block Island wind farm to be considered again, violates the Commerce Clause by discriminating against out-of-state renewable energy producers…Canadian developers planning an underground transmission line from Quebec to New York City have abandoned plans to include Connecticut in the project. Transmission Developers Inc. of Toronto has proposed the $1.9 billion project to bring hydro and wind energy from Quebec, where electricity can be sold at a premium because of high demand. The project is expected to employ 200 workers and be completed by 2015 as long as all necessary regulatory approvals are obtained. The company has already received permission from the Federal Energy Regulatory Authority to sell transmission rights to the line. And the company is also participating in a series of meetings scheduled by the U.S. Department of Energy to assess the environmental impacts.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15439 which is 176 mmcf ABOVE the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is +538 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -418 mmcf flowing at 4581 mmcf. ABC shows a change by -30 mmcf flowing at 2234 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 352 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 179 mmcf NET INCREASE in the flow rate from yesterday’s gas day.

A 2006 British Columbia government initiative to boost the province’s supply of electricity has turned out to be an ill-fated venture for the majority of entrepreneurs who participated in it. Documents recently filed with the B.C. Utilities Commission show that BC Hydro expects the attrition rate among independent power producers who four years ago were awarded electricity supply contracts to reach 63 per cent. Hydro says some projects that are technically still active will be abandoned as rising construction costs over the past four years make them too expensive to pursue, while others have already been cancelled. At least one of the projects on the original list of 38, Dokie Wind, required a secret government-ordered bailout to proceed. Most of the failed and stalled projects are run-of-river hydro. The “industry standard” attrition rate is assumed to be 30 per cent, so Hydro and other utilities assume some projects won’t proceed and plan for that…A Bozeman company that has proposed two small hydroelectric projects on the East and West Rosebud rivers has the go-ahead to conduct feasibility studies. The approval gives the Bozeman-based Hydrodynamics Inc. three years to determine if the hydro projects would be feasible. Last winter, when the public first got wind of the proposals, several area residents sent comments to FERC. They cited concerns about potential effects on fish and the aesthetics of the area. The public will have another opportunity to voice its concerns or support during a meeting scheduled later this month by the Stillwater Protective Association.