Chase Energy Canada Limited

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.

Sundance#4 went offline at 02:17 Saturday; Battle River#5 came back online at 11:38 Saturday; Sundance#4 came back online at 16:46 Sunday…The country’s first utility-scale wave power project is moving forward in construction.  The 1.5 megawatt wave energy park will generate enough energy to power 375 or more homes. The park will likely be located 2.5 miles off the Oregon coast near Reedsport, and use ten electricity-generating buoys. PB150 PowerBuoys will be used to generate power, and the first one has been constructed at Oregon IronWorks. The PowerBuoy works by moving up and down with wave motion, which causes an internal piston like structure to drive an electrical generator. Sensors and communication technology allow the buoys to be adjusted to maximize electricity generation in different wave conditions. The wave park will also include an underwater substation for power collection and an underwater cable to sent the power to the Pacific Northwest electric grid. It is estimated the wave park will reduce CO2 emissions by 2,110 tons each year. Wave energy is renewable because once the technology is in place, there is a sufficient wave activity to maintain energy production for years. Potentially, the Reedsport wave park could be expanded to generate up to 50 MW of energy.  Ocean Power Technologies is the company responsible for constructing the energy park. Reedsport has a population of about 4,500, and is near the Oregon Dunes National Recreation Area.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 14962 which is -301 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 +219 mmcf flowing at 5244 mmcf. ABC shows a change by -20 mmcf flowing at 2144 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 394 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 226 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

Battle River#5 went offline at 15:59 yesterday…Newfoundland and Labrador and Nova Scotia scolded Quebec Premier Jean Charest on Thursday for interfering in their energy plans, with Premier Danny Williams accusing Quebec of showing “unmitigated gall” by objecting to its financing application for a subsea transmission line for power from Labrador. Newfoundland and Labrador and Nova Scotia are trying to get funding for a subsea cable to ship surplus power from Labrador across the Gulf of St. Lawrence to Cape Breton…The CEO of Shear Wind Inc. says his company could be producing up to 500 megawatts of wind-generated electricity within five years, including 100 megawatts at a large wind farm in northern New Brunswick including a plan for a 100-megawatt wind farm in New Brunswick’s Restigouche region. The planned location, referred to as the Mann Siding site, is situated on Crown-leased land just outside the town of Saint-Quentin. Shear Wind is waiting for the New Brunswick government to issue a request for more wind power production in the province…B.C. Premier Gordon Campbell gave California legislators a vote of encouragement Thursday in a rare appearance before the state’s assembly. The premier’s remarks are diplomatic but the subtext here is that the premier is voicing support for the assembly’s efforts to tackle greenhouse-gas emissions.

A new plant to manufacture solar energy panels will open in Guelph early next year. At full production, the $30 million plant will employ up to 500 workers, and be able each year to turn out panels capable of turning sunlight into 200 megawatts of power. Although the company is headquartered in Kitchener, the Guelph plant will be its first manufacturing facility in Canada…Vermont’s two largest utilities will announce details of a new long-term power-purchase contract today with Hydro Quebec. Officials announced a tentative deal on March 11 and set a July 31 deadline for executing the contract but that will not be met. Under the deal, Vermont will get 225 megawatts of power – equal to about a quarter of the state’s demand for electricity – from Quebec from 2012 to 2038.

Madrid-based Renovalia Energy announced construction of the 120-megawatt Peace Butte wind farm will start in the first quarter of 2011 and the facility is expected be completed by the end of next year…Plutonic Power Corporation and GE Financial Services announced that their Toba Montrose General Partnership has commenced selling electricity to BC Hydro under an Electricity Purchase Agreement from power generated by the East Toba River. TMGP has received confirmation from BC Hydro that the project has met its guaranteed commercial operations date commitment under the EPA.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15062 which is -201 mmcf BELOW the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is -252 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by +23 mmcf flowing at 5029 mmcf. ABC shows a change by +124 mmcf flowing at 2164 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 620 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 201 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15359 which is +96 mmcf ABOVE the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is -174 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by +205 mmcf flowing at 5006 mmcf. ABC shows a change by -30 mmcf flowing at 2040 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 681 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 316 mmcf NET DECREASE in the flow rate from yesterday’s gas day.

NOVA/TransCanada Alberta System information as of 5:30 A.M.: Linepack = 15533 which is 270 mmcf ABOVE the Linepack target of 15,263 mmcf. The ROC for the past 24 hours is -84 mmcf. The Eastern Borders (Empress and McNeil) collectively is showing a change in flow from yesterday’s by -89 mmcf flowing at 4801 mmcf. ABC shows a change by +39 mmcf flowing at 2070 mmcf. The storage facilities collective rates are currently showing a net INJECTION = 997 mmcf/d (“Negative”…reflects a WITHDRAWAL from storage onto the system) which is a 329 mmcf NET INCREASE in the flow rate from yesterday’s gas day.

The AESO baseload price was $34.27 on Friday, $30.48 on Saturday and $24.16 on Sunday. Sundance #6 went off line at 17:10 on Friday before return on line Sunday at 1:56, during that time Calgary Energy Centre came on line Friday at 23:26 then back off at 14:30 on Saturday… Constellation Energy has signed an asset purchase agreement with Boston Generating to acquire its 2,950 MW fleet, the third largest power generating portfolio in the New England region, for approximately US$1.1 billion. The proposed transaction is expected to be consummated through a court-approved bankruptcy proceeding to be initiated by Boston Generating. If approved, Constellation Energy’s bid would then be considered the price to be beat in an asset auction to be held later this year. If Constellation Energy is ultimately the successful acquirer, under terms of the agreement it would acquire Boston Generating’s five power plants located in the Boston area: four natural gas fired plants, including Mystic 8 and 9 (1,580 MW), Fore River (787 MW), Mystic 7 (574 MW); and a fuel oil plant, Mystic Jet (9 MW)… Acciona Wind Energy Canada, the Canadian arm of the Spain-based company, announced  forward movement on its Lameque Wind Power Project located in New Brunswick. The 45 MW wind farm has a 25-year Power Purchase Agreement with New Brunswick Power and is set for ommissioning in early 2011. Its fourth wind farm in Canada, Acciona Energy will invest approximately CAD$115 million in Lameque, which will support 30 1.5 MW Acciona wind turbines. The site covers 3,100 acres. Sixty-eight landowners have signed lease agreements to participate in the development.