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Brookfield Power’s
David Youlen Named President of National Hydropower Association
WASHINGTON, D.C. (April 4, 2006) – The National Hydropower
Association (NHA) and Brookfield Power announced today that
David Youlen of Brookfield Power has been installed as president
of the NHA for 2006-2007. Youlen is the vice president, New
York operations, for Brookfield Power, Liverpool, New York.
The NHA is the United States' only trade association exclusively
dedicated to advancing the hydropower industry. Youlen took
over the leadership position from George Martin, senior environmental
specialist and hydro relicensing project manager for Georgia
Power, during a luncheon today at the Association's annual
conference in Washington, D.C.
During his acceptance speech, Youlen stated several of the
key objectives during his NHA presidency, including the opportunity
to expand hydropower to better serve the United States’
future domestic clean energy needs. “In order for hydropower
to be taken seriously by federal legislators as part of our
nation’s energy solution, we must show our willingness
to advance hydro by building incremental projects. Thanks
to the NHA’s strong and lengthy lobbying efforts, production
tax credits for incremental hydropower were incorporated into
the federal Energy Policy Act of 2005.”
According to Linda Church Ciocci, executive director of the
NHA, “David has a long standing commitment to the industry
and passion for hydropower. His leadership will undoubtedly
bring new, creative ideas and innovative resources to the
NHA.”
In addition to over 30 years in the hydro industry, Youlen
has experience in electric substations, transmission and electric
system operations. He is a graduate of Rensselaer Polytechnic
Institute with a bachelor’s of science in civil engineering,
and is a New York State licensed professional engineer. Youlen
is on the Board of Directors of the Independent Power Producers
of New York, Albany; and the National History Museum of the
Adirondacks, Tupper Lake, New York. He has been on the Board
of Directors of the NHA for two years, and has been active
in a variety of NHA committees and in various industry conferences.
Youlen is a native of the Utica, New York area, and currently
lives in Fayetteville, New York, a suburb of Syracuse.
Founded in 1983, the NHA represents 61% of domestic, non-federal
hydroelectric capacity and nearly 80,000 megawatts overall
in North America. Its membership consists of more than 140
organizations including; public utilities, investor-owned
utilities, independent power producers, equipment manufacturers,
environmental and engineering consultants and attorneys.
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About Brookfield Power
Brookfield Power comprises the power generating, transmission,
distribution and marketing operations of Brookfield Asset
Management. Brookfield Power has developed and successfully
operated hydroelectric power facilities, primarily in North
America, for almost 100 years. Brookfield Power’s portfolio
comprises almost 3,500 megawatts of capacity and includes
135 hydroelectric power generating stations located on 48
river systems, 2 co-generation facilities and transmission
and distribution assets, principally in the northeast North
America. (See www.brookfieldpower.com for more details). Brookfield
Asset Management Inc. is an asset manager. Focused on property,
power and infrastructure assets, the company has approximately
US$50 billion of assets under management and is co-listed
on the New York and Toronto Stock Exchanges under the symbol
BAM. (See www.brookfield.com for more details).
Note: This press release may contain "forward-looking
statements”, within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The words “transform”,
“believe”, “expect”, “will”,
“potentially”, “anticipate”, “positioned”,
“intend”, “estimate”, and other expressions
which are predictions of or indicate future events, trends
or prospects and which do not relate to historical matters
identify forward-looking statements. Although Brookfield Power
believes that the anticipated future results, performance
or achievements expressed or implied by the forward-looking
statements and information are based upon reasonable assumptions
and expectations, the reader should not place undue reliance
on forward-looking statements and information because they
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements
of the company to differ materially from anticipated future
results, performance or achievement expressed or implied by
such forward-looking statements and information. Factors that
could cause actual results to differ materially from those
contemplated or implied by forward-looking statements include:
general economic conditions; interest; availability of equity
and debt financing; the ability to effectively integrate acquisitions
into existing operations; and other risks and factors described
from time to time in the documents filed by the company with
the securities regulators in Canada and the United States
including in the Non-Offering Prospectus of Brookfield Power
Corporation dated March 16, 2005 and in the Annual Reports
and Form 40-F of Brookfield Asset Management Inc. The company
undertakes no obligation to publicly update or revise any
forward-looking statements or information, whether as a result
of new information, future events or otherwise.
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