Business
Great Lakes Hydro Income Fund Reports Strong Second Quarter Results and Increases Distributions
Great Lakes Hydro Income Fund Reports Strong Second Quarter Results and Increases Distributions.
About this update from Brookfield Renewable Partners Lp
[{"type":"text","content":"\n\n\n\n\nSTOCK SYMBOL: GLH.UN/TSX\n\nGATINEAU, QC, July 28 /CNW Telbec/ - Great Lakes Hydro Income Fund\n(GLH.UN: TSX) today reported its financial results for the second quarter\nended June 30, 2006. In addition to strong operational results and continued\ngrowth in revenues and income, the Fund also announced that the Board of\nTrustees approved an increase in distributions payable September 29, 2006.\n\n>\n\nForward-Looking Statements\n\nThis new release may contain forward-looking statements concerning the\nGreat Lakes Hydro Income Fund (\"Fund\") business and operations. Forward\nlooking statements can be identified by the use of words, such as \"believe\",\n\"well positioned\", \"long-term\", \"grow\", \"expand\", \"enhance\" or variations of\nsuch words and phrases or state that certain actions, events or results \"will\"\nbe taken, occur or be achieved. Forward looking statements involve\nassumptions, known and unknown risks, uncertainties and other factors which\nmay cause the actual results or performance to be materially different from\nany future results or performance expressed or implied by the forward\nstatements. More details relating to risk factors can be found in the Fund's\nannual information form in the section entitled Risk Factors.\nExamples of such statements include, but are not limited to factors\nrelating to production and the business, financial position, operations and\nprospects for the Fund. They include (1) the Fund's level of generation; (2)\nthe Fund's cost of production; (3) interest rates as they bear on the Fund's\nindebtedness; (4) planned capital expenditures; (5) the impact of changes in\nthe Canadian dollar - U.S. dollar on the Fund's costs and results of\noperations; (6) the negotiation of collective agreements with its unionized\nemployees; (7) business and economic conditions; (8) the legislation governing\nair emissions, discharges into water, waste, hazardous materials and workers'\nhealth and safety as well as the impact of future legislation and regulations\non expenses, capital expenditures and restrictions on operations; (9)\nregulatory investigations, claims, lawsuits and other proceedings; and (10)\nreliance on the guaranteed price for electricity by Brookfield Power Inc.\nActual results and developments are likely to differ, and may differ\nmaterially, from those expressed or...