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02 June 2011

Herb Dodd and Trevor Scott Appear in Lexpert Regarding Arrow Lakes Deal

Partners Herb Dodd, Q.C. and Trevor Scott appear in the Big Deals section of Lexpert Magazine’s May 2011 issue.

Arrow Lakes Power Corporation (“ALPC”) issued by private placement a $350 million principal amount of 5.516 per cent Series B Bonds, which are due April 5, 2041. ALPC also gave notice that it would redeem on May 5, 2011 its outstanding 5.39 per cent Series A Bonds, which are due March 31, 2015.

CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc. and TD Securities Inc. acted as ALPC’s agents in connection with the sale of the Series B Bonds. Farris, Vaughan, Wills & Murphy LLP acted for the agents with a team that included Herb Dodd, Trevor Scott and Mohammad Manki.

ALPC owns a 185 MW two-turbine hydroelectric generation station located near Castlegar, British Columbia that is connected to the British Columbia Hydro and Power Authority power grid. ALPC is 50 per cent owned by Columbia Power Corporation and 50 per cent owned by CBT Arrow Lakes Power Development Corp., an indirect wholly-owned subsidiary of Columbia Basin Trust.

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