Syntaris Power

VANCOUVER — BC Hydro is paying an average of $124 per megawatt hour in new electricity contracts with independent power producers, the Crown corporation said Tuesday.

In a report on its 2008 Clean Power Call, Hydro said it has contracted to pay 27 successful bidders a levelized firm energy price ranging from $105 to $133 per megawatt hour, averaging $124 once the comparative size and electricity output of each project is weighted in.

…Hydro said that even with a 30 per cent attrition rate among successful bidders, its grid will gain 2,286 gigawatt hours of power annually. That’s enough to meet the British Columbia government’s order that Hydro be self sufficient — no longer dependent upon imported power to meet domestic demand — by 2016.

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Link to BC Report on the RFP Process

The B.C. Citizens for Green Energy (BCCGE) has claimed that lumping the U.S.-generated electricity the province is entitled to under the Columbia River Treaty and calling it an export is “misleading and even somewhat disingenuous.”

BCCGE spokesperson David Field said in a release Thursday morning, “You can’t really consider electricity generated in the U.S.A. under the Columbia River Treaty to be an electricity export from B.C.”

The BCCGE, which advocates for more independent power production in B.C. and less energy importation, said that revenue generated by BC Hydro subsidiary Powerex from B.C.’s Columbia River entitlement is one reason electricity rates in B.C. are lower than many other jurisdictions in North America.

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New legislation will make B.C. electricity self-sufficient, create jobs and help support health care and education

By Bill Bennett, Special to the Sun

Our new Clean Energy Act will help ensure that British Columbians continue to enjoy the benefits of our clean, reliable and cost-effective power for many years to come.

Experts have told us that, over the next 20 years, as our population increases by more than one million residents, we can expect the demand for electricity to grow by as much as 40 per cent. In order to meet this growing demand, all of us must make every effort to conserve electricity and be more efficient in our power use. Recognizing this need, we have increased BC Hydro’s conservation target to 66 per cent, from 50 per cent. However, conservation alone will not be enough.

We need to ensure that we have secure, clean sources of power to meet this growing demand. There is no better place to get clean energy than right here in British Columbia. We have abundant water, wind and biomass, and a proven, track record in delivering sustainable projects such as the W.A.C. Bennett Dam in the Peace Canyon region.

…There are critics who say that we should continue to rely on electricity generated in the United States, even if it’s not generated from clean or renewable resources.

We simply do not agree with this approach. The Clean Energy Act puts in legislation that BC Hydro will be electricity self-sufficient, which includes 3,000 gigawatt hours of “insurance” electricity by 2020 and at least 93 per cent of our electricity will be generated from clean and renewable sources.

…The new Clean Energy Act sets the foundation for a future of electricity self-sufficiency and job creation, powered by unprecedented investments in clean, renewable energy across the province.

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Culliton Creek will create jobs, long-term revenue for region

Vancouver, British Columbia—Syntaris Power Corp. is pleased to announce that the Calgary, Alberta-based utility Enmax has
exercised its option to acquire a 50% ownership position in the Culliton Creek Hydro Project.

Located about 20 kilometres north of Squamish, the 15 megawatt project received an energy purchase agreement in BC Hydro’s
Clean Power Call (CPC) in March. Culliton Creek was developed and submitted to the CPC in November 2008 in partnership
with HydroMax, the BC division of Enmax.

Upon completion, the Culliton Creek Project will generate an estimated 74 GWh of renewable electricity annually, which is
sufficient to power approximately 7,400 homes in an average year. The project is also expected to create an estimated 200
person-years of employment during its construction phase and will provide long-term revenue to government through payment
of annual taxes and other fees during its operation.

The Culliton Creek Hydro Project qualifies as clean or renewable energy in accordance with the guidelines published by the BC
Ministry of Energy, Mines and Petroleum Resources. For more information on the Project click here

About Syntaris Power Corp.
Syntaris Power Corp. is a Vancouver-based green energy company committed to sourcing, developing and operating clean, renewable
hydroelectric projects in the Province of British Columbia. The Company’s impressive development portfolio, representing about
500 MW of potential projects, can provide socio-economic benefits to First Nations and local communities. Successful development
of these projects would help British Columbia achieve its required goal of energy self-sufficiency by 2016 and create a legacy of
clean, renewable power for future generations. For more information about Syntaris Power, visit the company website at
www.syntaris.com

About Enmax
ENMAX Corporation (ENMAX) is an energy distribution, supply and service company and a wholly-owned subsidiary of The City
of Calgary, headquartered in Calgary, CANADA. ENMAX operates and competes in Alberta’s restructured electricity industry.
In 2009, the company had shareholder’s equity of $1.744 billion and net earnings of $205.9 million.

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Forward Looking Information: The information contained in this news release may contain forward looking statements. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.