2005 Second Quarter Financial Results - Webcast and Conference Call for Investors and Analysts

                   Date: Wednesday, July 27, 2005
                       Time: 10:00 a.m. (EDT)

Stock Symbol: GLH.UN/TSX

GATINEAU, July 5 /CNW Telbec/ - You are invited to participate in Great
Lakes Hydro Income Fund's second quarter financial results Conference Call on
Wednesday, July 27, 2005 at 10:00 a.m. (EDT).
Great Lakes Hydro Income Fund will release its 2005 second quarter
financial results on July 26, 2005 after 4:00 p.m. (EDT). The results will be
available on our web site at www.greatlakeshydro.com under "News Releases".
The conference call will also be webcast live on our web site, where it will
be archived for three months.
To participate in the conference call, please dial 416-640-4127 or       
1-800-814-3911 toll free in North America, at 9:50 a.m. (EDT). For those
unable to participate in the Conference Call, a taped rebroadcast will also be
available until midnight July 29, 2005. To access this rebroadcast, please
call 1-877-289-8525 toll free in North America, and enter the passcode
21130781(pound key).

About Great Lakes Hydro Income Fund

Great Lakes Hydro is a premier Canadian income fund. We are the largest
power income fund in North America with 986 megawatts of power generating
capacity and an average annual production of 3,711 gigawatt hours.
Great Lakes Hydro Income Fund produces electricity exclusively from
environmentally friendly hydroelectric resources. The Fund owns, operates and
manages 24 high quality hydroelectric generating stations located on seven
river systems in four distinct geographic regions across North America:
Quebec, Ontario, British Columbia and New England.
Brascan Power, which comprises all the power operations of Brascan
Corporation, including Brascan Power Inc, owns 50.1% of the Fund's outstanding
units.
Great Lakes Hydro Income Fund units are listed for trading on the Toronto
Stock Exchange under the symbol GLH.UN.

Web Site: www.greatlakeshydro.com