Chase Energy Canada Limited

A Toronto company – financed by U.S. investment firm Blackstone – hopes to build a 2,000 MW power line between Montreal’s south shore and New York City for US$3.8-billion. The 570-kilometre line proposed by Transmission Developers would largely be buried under Lake Champlain and the Hudson River in order to minimize environmental impacts. Several projects using overhead power lines in the Northeast United States have failed in recent years under the weight of opposition from residents… Residents and politicians alike gathered at Queen’s Park on Tuesday to protest an Oakville power plant. The 975-megawatt gas plant would be located in the Clarkson Air Shed, which, they argue, is already over-polluted. Nearly 1000 demonstrators gathered at the rally, one of the largest in recent memory at Queen’s Park, organized by Citizens for Clean Air (C4CA). They also allege that the TransCanada-operated plant would be too close to existing homes and schools, arguing that it will pose health and safety risks in an area where a provincial report has deemed the air quality to be poorer than average… Satcon Technology Corporation , a leading provider of utility scale power solutions for the renewable energy market, today announced that it has been selected to ship 38 megawatts of its PowerGate(R) Plus 500 kW solar PV inverter solutions to GCL Solar Limited, one of China’s largest utility solar power plant developers. The 38 megawatts will be installed across three separate solar power plants and are in addition to the previously announced 23 megawatts supplied for China’s largest ground-mounted and largest rooftop projects of 2009.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 14925 which is 194 mmcf ABOVE the Linepack Target of 14731 mmcf. The ROC for the past 24 hours is +103 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday by +108 mmcf flowing at 5201 mmcf. ABC shows a change by +45 mmcf flowing at 2028 mmcf. The Storage facilities collective rates are currently showing a net WITHDRAWAL = -288 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is an 34 mmcf NET INCREASE in the flow rate from yesterday’s gas day rate.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 14866 which is 135 mmcf ABOVE the Linepack Target of 14731 mmcf. The ROC for the past 24 hours is +95 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday by -469 mmcf flowing at 5093 mmcf. ABC shows a change by -78 mmcf flowing at 1983 mmcf. The Storage facilities collective rates are currently showing a net WITHDRAWAL = -254 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is an 563 mmcf NET DECREASE in the flow rate from yesterday’s gas day rate.

Wabamun#4 came back online at 14:17 and MacKay River went offline at 15:32 yesterday. April natural gas futures values reached almost a three month low Monday finally settling at $4.679 down 13 cents. The winter heating season and its ability to draw down storage is quickly running out of time…Ontario’s Independent Electricity System Operator recorded a major power surge just moments before the puck dropped on Canada’s battle against the U.S. Ontario’s power consumption spiked by 300 megawatts as Sid the Kid and the rest of Team Canada hit the ice. And between periods Ontario used even more electricity as they grabbed drinks from the fridge, went to the washroom and used the oven and microwave to prepare snacks but quickly dropped off soon after Crosby scored the game-winning goal but it sky-rocketed once again as celebrations began for Canada’s golden victory…The Canadian government has agreed to invest $40 million at the Zellstoff Celgar pulp mill in Castlegar. The money will be used to build a biomass power plant at Celgar to provide added income by burning off waste-wood products. Celgar is the first mill in Castlegar to receive funding under the Pulp and Paper Green Transformation Program for its Green Energy Project. The Japanese-built turbine and British-built generator should be up and running by September and generating power for sale by October…With strong breezes blowing early Sunday afternoon in West Texas, wind-power generation hit a record 6,242 megawatts on the Electric Reliability Council of Texas’ grid, which serves most of the state. The wind generation peaked at 12:54 p.m., representing an exceptionally high 22 percent of demand at that time.

CRITICAL NOTICE:  - The investigation of the NPS 20 Peace River Mainline defect is ongoing. The repair has started and is estimated to be completed on March 3, 2010 at 20:00 MST. The following stations will remain nilled until further notice: Muskeg Creek (2236), Rainbow Lake South (2201), Hay River South (2278), Hay River (2126), Assumption (2708), Assumption 2 (2734), Lennard Creek (2249), Basset Lake (2761), Basset Lake South (2085), Basset Lake West (2066) and Zama Lake (2060). NOVA/TransCanada Alberta System Linepack: for Friday =14613, Saturday = 14775 and Sunday = 14820 which is 89 mmcf BELOW the Linepack Target of 14731. The ROC for the past 24 hours was = +74 mmcf. The Eastern Borders (Empress and McNeil) collectively for the term flowed as follows…… Friday = 5549, Saturday = 5462 and Sunday = 5562 mmcf.  ABC flow for the term ….. Friday = 2114, Saturday = 2041 and Sunday = 2061 mmcf. Storage flow for the term starting with Friday shows a net WITHDRAWAL= -878, Saturday net WITHDRAWAL = -811 and Sunday net WITHDRAWAL = -817 mmcf (“Negative”… reflects a WITHDRAWAL from storage onto the system) which is a 6 mmcf NET INCREASE the flow rate from yesterday’s gas day.

 Alberta NIT SPOT Prices for: Friday = $4.53, Saturday = $4.50 and Sunday = $4.52 which is a INCREASE of $0. 03 from the last business trading day (Friday) Spot Settlement Price.

HR Milner came back online at 22:54 Friday; Wabamun#4 went offline at 15:07 Saturday; Sundance#6 went offline at 05:29 this morning…An electricity generator that some say could revolutionize the way people power their homes is already being referred to as the “iPod of clean energy.” Commonly called the Bloom Box, but officially known as the Energy Server, the device is basically a new twist on fuel cell technology that turns natural gas or other fuels into electricity. Its inventors this week unveiled a car-sized unit with the ability to provide up to 100 kilowatts, or enough to power 50 homes, but said their goal is a shoebox-sized version that could be installed in backyards and provide every house in the world with its own power station – businesses are buying in, with more than 20 globally known companies, including Google, Wal-Mart, Staples, Coca-Cola and FedEx, already installing Bloom generating units and using them to power their facilities. Internet auctioneer eBay Inc., began installing Bloom Boxes last year at its facilities in San Jose, Calif. It says the technology allows it to generate 15 per cent of its energy needs, producing two million kilowatt hours of electricity in six months and trimming $100,000 from its energy costs. Google has used Bloom products to power a data centre for 18 months. Bloom’s California-based customers receive state subsidies covering up to 50 per cent of the cost of installing the device. It still emits gases such as carbon dioxide, and question just how “green” the device is.

CRITICAL NOTICE: NPS 20 Peace River Mainline Investigation – On February 24th while performing pipeline inspections and repairs on the NPS 20 Peace River Mainline, a defect was discovered that required an immediate reduction in pressure. As a result the following stations were nilled effective 18:00 MST: Muskeg Creek (2236), Rainbow Lake South (2201), Hay River South (2278), Hay River (2126), Assumption (2708), Assumption 2 (2734), Lennard Creek (2249), Basset Lake (2761), Basset Lake South (2085), Basset Lake West (2066) and  Zama Lake (2060). Investigation is currently ongoing and more information as to the duration of the restriction will be provided once available. NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 14743 which is 12 mmcf ABOVE the Linepack Target of 14731 mmcf. The ROC for the past 24 hours is +60 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday by +216 mmcf flowing at 6150 mmcf. ABC shows a change by -28 mmcf flowing at 2066 mmcf. The Storage facilities collective rates are currently showing a net WITHDRAWAL = -1565 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 83 mmcf NET DECREASE in the flow rate from yesterday’s gas day rate.

Natural gas futures fell following the release of the US EIA report showing storage declines were as forecast – April Nymex lost 9.2 cents…Castlegar’s Celgar pulp mill has received a $40-million federal grant for a green energy project that turns biomass into enough energy to supply 22,000 homes with power for a year, integrating the forest industry into the provincial initiative to become energy sufficient by 2016. The steam is being generated by burning black liquor, a biofuel that is a byproduct of the pulp-making process. Pulp mills routinely use black liquor to generate their own heat and energy, but creating energy for the grid is a growing application in B.C…A Toronto-based company wants to bury a high-voltage power line beneath the Hudson River to deliver electricity from renewable sources in Quebec to New York City. Transmission Developers Inc. announced the 355-mile power line this week, aiming to finish construction by 2015. The direct-current line, called the Champlain-Hudson Express, is expected to cost more than $3.8 billion. By burying the power line, TDI hopes to avoid community clashes that have stifled other proposals. The most public fight was over New York Regional Interconnect, a 10-story power line that would have slashed through communities in Orange and Sullivan counties. NYRI gave up last April in the face of financial concerns and relentless opposition…Port Hope hosts nuclear educational tour for Alberta municipal politicians – The politicians visited Ontario Power Generation, Cameco, met with community groups and plan to meet with Health Canada and the Canadian Nuclear Safety Commission. Bruce Power is interested in bringing nuclear energy to Alberta to meet the growing electricity needs in the province.

Wabamun#4 went offline from 23:20 to 03:06 and again from 03:13 to 05:17 and Sheerness#1 went offline from 03:23 to 04:08 this morning. Nymex natural gas futures came out of the gate strong and finished up 3.8 cents…Power demand in Alberta will grow at a slower pace over the next two decades than previously forecast, but will continue to be driven by oil sands activity. Peak demand growth for power in Alberta is expected to average 3.3 per cent a year up to 2029, the Alberta Electric System Operator said Wednesday while electricity consumption is expected to grow by an average 3.3 per cent per year during the same period. Between 2003 and 2008, Alberta consumed 2.2% more power per year, with peak demand jumping more than nine per cent as Alberta’s economy heated up…Soft power prices in key markets and low water levels in Alberta kept TransAlta Corp.’ s fourth-quarter results flat, with little chance for a rebound in the near term…The Namakan River flows freely just outside the Boundary Waters Canoe Area Wilderness and into Voyageurs National Park, Minnesota’s most pristine wild areas and part of the historic border canoe route. But Minnesotans and even the U.S. government may have little impact on a proposal to build a series of hydroelectric dams and generating stations just miles from the parks on the Ontario side of the border. The first dam, at 6.4 megawatts, is now in the Canadian environmental impact study stage. Supporters say the $20 million hydro project will help the Lac La Croix band diversify its economy; provide jobs and an infusion of cash from the sale of electricity. Supporters also note that the generator will be “run of river’’ with no large reservoir created.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 14713 which is 18 mmcf BELOW the Linepack Target of 14731 mmcf. The ROC for the past 24 hours is +263 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday by +552 mmcf flowing at 5934 mmcf. ABC shows a change by -283 mmcf flowing at 2094 mmcf. The Storage facilities collective rates are currently showing a net WITHDRAWAL = -1648 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 456 mmcf NET INCREASE in the flow rate from yesterday’s gas day rate.