Sagatay Transmission L.P. Welcomes Algonquin Power & Utilities Corp. as a Partner

Sagatay Transmission L.P. Welcomes Algonquin Power & Utilities Corp. as a 
TORONTO, March 14, 2013 /CNW/ - Sagatay Transmission L.P. ("Sagatay") is 
pleased to announce a strategic and financial partnership with a subsidiary of 
Algonquin Power & Utilities Corp. ("APUC"). The agreement calls for APUC to 
provide expertise and project development financing for a new 300 kilometre 
Ontario Energy Board regulated 230 kV transmission line to Pickle Lake, 
Ontario (the "Pickle Lake Transmission Project"). If approved and when 
constructed, the project is anticipated to cost approximately $250 million. 
The Pickle Lake Transmission Project is the first phase in a two-phase project 
that will provide urgently needed power to northern communities and 
business. It will enable the transition from expensive and environmentally 
dirty diesel-fired power systems that are commonplace in most remote First 
Nations in the region. The project is also conceived to support 
energy-starved northern industries, including the touted Ring of Fire mineral 
resource developments. A new line to Pickle Lake was identified as a 
priority transmission project in Ontario's Long-Term Energy Plan. The route 
for the Pickle Lake Transmission Project will follow Highway 599 from Ignace 
to Pickle Lake. 
"The addition of APUC to the Sagatay team will allow us to advance the 
transmission line expeditiously which will allow our brothers and sisters in 
the communities north and east of Pickle Lake to be connected to the Ontario 
energy grid quickly", said Chief Connie Gray-McKay of the Mishkeegogamang 
First Nation who along with the Ojibway Nation of Saugeen are partners in 
"I am excited and look forward to working with APUC in moving this important 
project ahead", said Chief Edward Machimity of the Ojibway Nation of Saugeen. 
APUC owns and operates a diversified $3.0 billion portfolio of regulated and 
non-regulated utilities in North America and it brings extensive experience in 
developing electricity projects. 
"Our decision to partner with Sagatay reflects the strength of the underlying 
business case for the project, the strength of the partners, and the strength 
of the Highway 599 route. The future for the Sagatay partnership is bright", 
said APUC Chief Executive Officer Ian Robertson. 
Sagatay Transmission L.P. Tri Luu Project Manager Telephone: (416) 417-2000 
Algonquin Power & Utilities Corp. Kelly Castledine 2845 Bristol Circle, 
Oakville, Ontario, L6H 7H7 Telephone: (905) 465-4500 Twitter@AQN_Utilities 
SOURCE: Sagatay Transmission L.P. 
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CO: Sagatay Transmission L.P.
ST: Ontario
-0- Mar/14/2013 21:46 GMT
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