Chase Energy Canada Limited

NOVA/TransCanada Alberta System Linepack: for Friday = 14702, Saturday = 14895 and Sunday = 14747 mmcf which is 516 mmcf BELOW the Linepack target of 15,263 mmcf.  The ROC for the past 24 hours was = -113 mmcf. The Eastern Borders (Empress and McNeil) collectively for the term flowed as follows…… Friday = 5099, Saturday = 4964 and Sunday = 5108 mmcf.  ABC flow for the term ….. Friday = 1960, Saturday = 1959 and Sunday = 1989 and mmcf. Storage flow for the term starting with Friday shows a net INJECTION = 637, Saturday net INJECTION = 636 and Sunday net INJECTION = 809 mmcf (“Negative”… reflects a WITHDRAWAL from storage onto the system) which is a 173 mmcf NET INCREASE in the INJECTION rate from yesterday’s gas day.

Alberta NIT SPOT Prices for: Friday = $3.17, Saturday = $3.1200 and Sunday = $3.1000 which is a DECREASE of $0.0700 from the last business trading day (Friday) Spot Settlement Price.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 14835 which is 428 mmcf BELOW the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is -157 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -61 mmcf flowing at 4950 mmcf. ABC shows a change by +36 mmcf flowing at 1917 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 a 168 mmcf NET INCREASE in the flow rate from yesterday’s gas day.

Battle River#4 offline at 19:46 yesterday and Sheerness#1 came back online at 03:18 this morning.

Sheerness#1 went offline at 17:58 yesterday…Vancouver based Sea Breeze Power Corp. has signed an agreement to build its Knob Hill Wind Farm on northern Vancouver Island. The company has partnered with Toronto-based electricity generator International Power Canada Inc. to build the first phase of the project, which would generate up to 99MW. The financial terms of the transaction were not disclosed, but Sea Breeze did say International Power would become the majority owner of the project. Knob Hill is located 35 kilometres northwest of Port Hardy. BC Hydro granted the project a 20-year electricity purchase agreement in March. Sea Breeze received its provincial environmental assessment certificate in 2004, but had been toiling away on the project for nearly a decade. The company said Knob Hill received strong support from local communities on Vancouver Island and First Nations…The Electricity Distributors Association and its 81 local electricity distribution companies want to congratulate the Town of Goderich, Sioux Lookout, Tecumseh, the Town of Whitby and Halton Region for their commitment to energy conservation and being named winners of the province-wide Community Challenge Day on August 11th. The winners were announced recently at the Association of Municipalities of Ontario annual conference in Windsor.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15015 which is 248 mmcf BELOW the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is -30 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -110 mmcf flowing at 5011 mmcf. ABC shows a change by -131 mmcf flowing at 1881 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 735 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 512 mmcf NET INCREASE in the flow rate from yesterday’s gas day.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15061 which is 202 mmcf BELOW the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is +229 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by +136 mmcf flowing at 5121 mmcf. ABC shows a change by -56 mmcf flowing at 2099 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 223 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 501 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

HR Milner went offline at 12:25 yesterday…The University of British Columbia will soon be home to the first installation of a new biomass combined heat and power system developed by Nexterra Systems Corp. and GE’s Jenbacher gas engine division. The city of Vancouver and local companies will supply tree trimmings and other urban wood waste diverted from the city landfill as fuel for the plant. The 2MW system will require about 12,500 bone-dry tons of wood waste…BC Hydro awarded a contract to Voith Hydro in Montreal for the complete overhaul of five Francis turbine units for Gordon M. Shrum hydro power plant, located near Hudson’s Hope, British Columbia. Voith Hydro’s scope of supply includes five new 310 megawatt turbines, site construction, installation, and start-up. The first unit is scheduled for commissioning in 2012. Each year, one unit will be replaced until all five units are in service in early 2017…Solar and wind power are booming in California, but there are times when the sun doesn’t shine and the wind doesn’t blow. So California utilities are looking to smooth out those bumps by doing something rarely done on the grid today: storing electricity. The California Independent System Operator is the traffic cop of the state’s electrical grid. Its job is to forecast how much electricity the state needs — every four seconds — and to make sure it’s supplied. Inside an unmarked building outside of Sacramento, dozens of people are glued to computer screens, and on one wall, there’s a display plotting a big red line showing how much electricity California is using right now, in real time. Just outside of Los Angeles in Huntington Beach, Praveen Kathpal of AES Energy Storage shows off one of the biggest batteries in the state. From the outside, it looks like a simple shipping container-it’s a 2-megawatt energy storage unit. Inside the container is packed with 83,000 small lithium-ion battery cells..

Mounting delays to the refurbishment of the Point Lepreau nuclear reactor have prompted a postponement of similar work at the Gentilly 2 station in Quebec. Hydro-Quebec announced Monday that it’s putting off the $1.9-billion project until 2012. It was to begin next year. The electricity giant said it made the decision so it can benefit from Atomic Energy of Canada Ltd.’s solutions to problems that have put the Point Lepreau work more than 21/2 years behind schedule. It’s a move that could bolster New Brunswick’s argument that the lessons learned from delays at Lepreau will help AECL’s efforts elsewhere. In the meantime, Gentilly 2 will continue to churn out 675 megawatts of electricity every hour. That means Quebec may be able to avoid additional costs of generating replacement power… Homeowners could be zapped with an extra $48 in annual hydro costs after Premier Dalton McGuinty’s cabinet quietly approved a break on electricity rates for huge industrial users. The move extends time-of-use pricing now in effect for homeowners — allowing them to use electricity cheaper at off-peak times, such as nights and weekends — to major firms like Ford, Vale Inco, and Imperial Oil. It will give big power-consuming sectors an incentive to conserve energy, cut their costs and, the government hopes, keep manufacturing, mining and refining jobs in Ontario…The Saskatchewan government reiterated its position Monday that it hasn’t closed the door to the nuclear energy option. While large reactors might not be the best fit, small-reactor technology could work well in Saskatchewan — the world’s second-largest producer of uranium.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 14850 which is 413 mmcf BELOW the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is -182 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -35 mmcf flowing at 4985 mmcf. ABC shows a change by -15 mmcf flowing at 2068 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 724 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 203 mmcf NET INCREASE in the flow rate from yesterday’s gas day.

NOVA/TransCanada Alberta System Linepack: for Friday = 14863, Saturday = 15027 and Sunday = 15029 mmcf which is 234 mmcf BELOW the Linepack target of 15,263 mmcf.  The ROC for the past 24 hours was = +32 mmcf. The Eastern Borders (Empress and McNeil) collectively for the term flowed as follows…… Friday = 4979, Saturday = 4970 and Sunday = 5020 mmcf.  ABC flow for the term ….. Friday = 2179, Saturday = 2103 and Sunday = 2083 and mmcf. Storage flow for the term starting with Friday shows a net INJECTION = 571, Saturday net INJECTION = 485 and Sunday net INJECTION = 521 mmcf (“Negative”… reflects a WITHDRAWAL from storage onto the system) which is a 36 mmcf NET INCREASE in the INJECTION rate from yesterday’s gas day.

Alberta NIT SPOT Prices for: Friday = $3.2425, Saturday = $3.2000 and Sunday = $3.1800 which is a DECREASE of $0.0625 from the last business trading day (Friday) Spot Settlement Price.