July 17, 2002

Balancing Pool Assigned AA (low) Rating From DBRS

Dominion Bond Rating Service Limited (DBRS) has assigned the Balancing Pool a Corporate Rating of AA (low).

The AA (low) rating for the Balancing Pool is one of the top ratings in the Canadian power industry and will provide the Balancing Pool with the ability to perform a key role in the securitization of utility deferral accounts, as well as for general corporate purposes. This rating is the highest rating applicable to the direct obligations of the Balancing Pool.

In their news release, DBRS noted the role of the Balancing Pool as a key component of the Province of Alberta's electricity deregulation, and the Province's long-term commitment to a competitive electricity market. Also, the regulatory rights of the Balancing Pool ensure future stability of cash flows. At present, the Balancing Pool has no outstanding debt.

For more information, please contact:
Gary Reynolds
Chief Financial Officer, Balancing Pool
430-538-3443