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VALENER ANNOUNCES THE BROADCAST OF ITS FINANCIAL RESULTS AND THOSE OF GAZ MÉTRO FOR THEIR 2010 FISCAL YEAR

^{Published on 2010-11-03 12:26:50 - Market Wire}
 

MONTREAL, Nov. 3 /CNW Telbec/ - Valener Inc. ("Valener") (TSX: VNR), created in the context of the reorganization of Gaz Métro Limited Partnership's ("Gaz Métro") public ownership structure, will hold a telephone conference with financial analysts on Friday, November 19, 2010, at 11:00 a.m. (Eastern time) to discuss its results for the period from June 15 to September 30, 2010 and the results for Gaz Métro's 2010 fiscal year covering the period from October 1, 2009 to September 30, 2010.

Pursuant to an administration and management support agreement entered into between Valener and Gaz Métro on September 30, 2010, Gaz Métro acts as manager of Valener. To that effect, Sophie Brochu, President and Chief Executive Officer, and Pierre Despars, Executive Vice President, Corporate Affairs and Chief Financial Officer of Gaz Métro inc., Gaz Métro's general partner, will be the speakers. This will be followed by a question period. Results will be released in the morning on the same day.

The conference can be accessed live by dialling 647-427-7450 or toll-free 1-888-231-8191. It will also be Webcast on Valener's Web site ([ www.valener.com ]) in the Investors section under "Events and Presentations".

Media and other interested individuals are invited to listen in. Speakers will be available after the conference call for interviews and to answer questions from the media.

Rebroadcasts can be accessed for 30 days by telephone at 416-849-0833 or toll-free at 1-800-642-1687 (access code: 22226808), and for 90 days on Gaz Métro's Web site.

Valener Overview

Valener is a new publicly listed corporation which holds an economic interest of approximately 29% in Gaz Métro Limited Partnership ("Gaz Métro"). Valener therefore has a stake in the energy industry and benefits from the diversified profile of Gaz Métro, both geographically and by business segment. Valener has also been granted an option to acquire a 24.5% indirect interest in the wind power projects jointly developed directly or indirectly by Gaz Métro and Boralex Inc. on the private property of the Seigneurie de Beaupré. Valener may also pursue its own development projects and acquisition strategies subject to a non-competition undertaking in favour of Gaz Métro and to applicable limitations under its credit facility. Valener's common shares are listed on the Toronto Stock Exchange under the symbol "VNR". [ www.valener.com ]

Gaz Métro Overview

With over 3.6 billion in assets, Gaz Métro is Québec's leading natural gas distributor. Operating in this regulated industry for over 50 years, Gaz Métro has become the trusted energy provider to some 180,000 customers in Québec and 136,000 customers in Vermont while developing the skills and expertise needed to diversify beyond natural gas. Gaz Métro's prudent growth strategy has been marked by the successful entry into electricity distribution in Vermont and development of wind power projects in Québec. Offering historically strong and stable distributions and showing a competitive spirit, Gaz Métro is committed to its customers, Partners, employees and the community. [ www.gazmetro.com ]