Brookfield Renewable Announces Postponement of Proposed Offering
HAMILTON, BERMUDA -- (Marketwired) -- 06/20/13 -- Brookfield
Renewable Energy Partners L.P. (TSX:BEP.UN)(NYSE:BEP) ("Brookfield
Renewable") today announced that, in light of current capital market
conditions, it has decided not to proceed with its previously
announced U.S. and Canadian public offering of limited partnership
units at this time.
This news release does not constitute an offer to sell or the
solicitation of any offer to buy, nor will there be any sale of these
securities, in any province, territory, state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
province, territory, state or jurisdiction.
Brookfield Renewable Energy Partners (TSX:BEP.UN)(NYSE:BEP) operates
one of the largest publicly-traded, pure-play renewable power
platforms globally. Its portfolio is primarily hydroelectric and
totals approximately 5,900 megawatts of installed capacity.
Diversified across 70 river systems and 12 power markets in the
United States, Canada and Brazil, the portfolio's output is sold
predominantly under long-term contracts and generates enough
electricity from renewable resources to power more than three million
homes on average each year. With a portfolio of high-quality assets
and strong growth prospects, the business is positioned to generate
stable, long-term cash flows supporting regular and growing cash
distributions to shareholders. For more information, please visit
Cautionary Statement Regarding Forward-Looking Information
This news release contains forward-looking statements and information
within the meaning of Canadian securities laws and other
"forward-looking statements" within the meaning of Section 27A of the
U.S. Securities Act of 1933, as amended, Section 21E of the U.S.
Securities Exchange Act of 1934, as amended, and the United States
Private Securities Litigation Reform Act of 1995 concerning the
business and operations of Brookfield Renewable. Forward-looking
statements may include estimates, plans, expectations, opinions,
forecasts, projections, guidance or other statements that are not
statements of fact. Forward-looking statements can be identified by
the use of words such as "expects", "look forward", and "will bring",
or variations of such words and phrases, or statements that certain
actions, events or results "may", "could", "would", "might" or "will"
be taken, occur or be achieved. Although we believe that our
anticipated future results, performance or achievements expressed or
implied by the forward-looking statements and information in this
news release are based upon reasonable assumptions and expectations,
we cannot assure you that such expectations will prove to have been
correct. You should not place undue reliance on forward-looking
statements and information as such statements and information involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements to differ
materially from anticipated future results, performance or
achievement expressed or implied by such forward-looking statements
and information. While we anticipate that subsequent events and
developments may cause our views to change, we disclaim any
obligation to update the forward-looking statements, other than as
required by applicable law. For further information on these known
and unknown risks, please see "Risk Factors" included in our Annual
Information Form and our Registration Statement on Form 20-F.
Brookfield Renewable Energy Partners L.P.
Zev Korman, Vice President, Investor Relations
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