Col. Robert R. Craner Veterans Park in Cohoes Rededicated;
Example of Public/Private Partnerships at Work

Brookfield Power Funds Park Redesign

COHOES, New York (June 1, 2006) – The redesigned Col. Robert R. Craner Veterans Park in Cohoes, New York was unveiled to the public on Saturday, May 20. Attendees at the rededication ceremony included members of local veteran associations, state, national and local government officials and members of Col. Craner’s family, including his son and daughter.

“Brookfield Power provided the more than $20,000 funding for Fraser Engineering, an Albany-based firm, to work with the Cohoes Remembers Veterans Committee to develop conceptual plans. Our contribution also supported the detailed design and construction to bring Craner Park to fruition,” said Tom Uncher, general manager of Brookfield Power’s Hudson River operations. “We are very active in this community, and felt that the enhancement work at Craner Park is an excellent way to honor this local Cohoes hero.” The park is situated directly across the street from Brookfield Power’s School Street Hydroelectric Generating Plant.

The redesigned park features new pavers, flagpoles, and sod, as well as a new biographical signboard on the park’s namesake. Col. Robert R. Craner was born in Cohoes in 1933, and in 1953, he enlisted in the United States Air Force. While on a second volunteer tour of duty in Southeast Asia in 1967, his plane was hit and he was forced to bail out. He was held in captivity in Hanoi, North Vietnam for five years – three of them in isolation. After Craner’s release he earned numerous military honors including the Purple Heart. Craner went on to have a distinguished career that included serving as an attaché in Sofia, Hungary. He passed away suddenly in October 1980.

During the park rededication, Cohoes Mayor John T. McDonald III told the crowd of gatherers, “I wish to express my appreciation to Brookfield Power for its support during this project. It is truly the financial and in-kind backing by Brookfield Power during this whole plan that made this park redesign possible, and is a good example of public-private partnerships at work.”

Bob Van Buskirk, chairman of Cohoes Remembers Veterans Committee, noted that Brookfield Power’s contribution helped fund the blueprints for the park redesign. “Through fundraising, our committee was able to purchase the necessary materials to complete the initial phase of the park redesign. We plan to proceed to the next phase of the redesign, which we hope will include an addition of a band shell in the future.”

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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 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).

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For more information please contact:

Lela R. Katzman
Full Spectrum Communications
Tel: (518) 785-4416
email: fsclela@nycap.rr.com