October 2, 2003
UBS Energy Canada Increases MAP II Holdings
The Balancing Pool announces the purchase by UBS Energy Canada Ltd. (UBS) of a 78MW Sheerness Energy Strip Contract and a 157MW Clover Bar Unit Contract from Duke Energy Marketing. This is in addition to the 200MW's of Sheerness MAP II contracts currently held by UBS.
The current holdings of MAP II capacity is summarized:
MAP II Summary October, 2003
|
CloverBar Units |
Sheerness Strips |
Genesee Strips |
TotalMAP II Capacity |
|
| AltaGas Services |
100 |
100 |
||
| BP Canada Energy |
81 |
81 |
||
| Candela Energy Services |
78 |
78 |
||
| Constellation Power Source |
157 |
100 |
300 |
557 |
| Direct Energy Marketing |
100 |
100 |
200 |
|
| El Paso Merchant Energy |
157 |
100 |
257 |
|
| Enmax Energy |
81 |
81 |
||
| SeeGen Alberta |
100 |
100 |
||
| TransCanada Energy |
100 |
100 |
||
| UBS Energy Canada |
157 |
278 |
435 |
|
| Balancing Pool |
157 |
157 |
||
| Totals |
628 MW |
756 MW |
762 MW |
2,146 MW |
Following this transaction, ten different market participants now control the capacity of the Sheerness and Genesee PPAs and three of the four Clover Bar units. The MAP II process has been successful in attracting seven new entrants to the Alberta power market.
For further information:
Gary ReynoldsPresident and CEOTelephone: 403-538-3443