On June 30, 2009, an action was commenced in the Court of the Queen's Bench of Alberta, Judicial District of Edmonton by Gil McGowan on his own behalf and on behalf of all of the affiliates of the Alberta Federation of Labour, Terry Jardine on his own behalf and on behalf of all of the members of the Canadian Union of Public Employees, Local 30, and Leo Derkach on his own behalf and on behalf of all of the members of Civic Service Union 52, making claims relating to Capital Power Corporation's proposed initial public offering and related transactions.
The claim names The City of Edmonton, EPCOR Utilities Inc. and Capital Power Corporation as defendants and alleges, among other things, that certain purported actions taken by the City of Edmonton in connection with the proposed initial public offering were outside the jurisdiction of the municipality under the Municipal Government Act. Based on its review of the available information, Capital Power Corporation believes that this claim is without merit and intends to vigorously defend itself.
This communication does not constitute an offer of securities for sale in the United States, and the securities referred to in this communication may not be offered or sold in the United States absent registration or any exemption from registration.
EPCOR's wholly-owned subsidiaries build, own and operate power plants, electrical transmission and distribution networks, water and wastewater treatment facilities and infrastructure in Canada and the United States. EPCOR, headquartered in Edmonton, Alberta, has been named one of Canada's Top 100 employers for nine consecutive years, and was selected one of Canada's 10 Most Earth-Friendly Employers.
Stockhouse.com, Tues July 7 2009