Calgary, Alberta – AltaLink, Alberta’s largest electricity transmission company, had a big challenge this spring with Alberta’s volatile weather. Severe weather damaged transmission lines throughout central and southern Alberta, temporarily disrupting power to Albertans.

“I am so proud of our employees and contractors who worked tirelessly for weeks on end to keep the lights on for thousands of Albertans,” said Scott Thon, AltaLink’s President and CEO. “On behalf of all our employees, I want to thank our customers for their patience and understanding given the adversity Mother Nature threw at us. I personally appreciate the support so many Albertans demonstrated to our field employees as they worked in such difficult conditions.”

AltaLink remains committed to ensuring Alberta’s supply of electricity is reliable and cost-effective. By consulting with stakeholders, AltaLink is preparing to build new transmission lines that will sustain the reliability of the electricity system and connect all Albertans to more diverse and greener suppliers of electricity.

AltaLink, L.P. today reported its financial results for the second quarter ended June 30, 2010. The Partnership earned net income of $20.3 million for the quarter, which reflects rate base growth due to capital investments in transmission assets, as well as recent regulatory tariff decisions. As a partnership, AltaLink, L.P. reports its net income before income taxes, therefore its results are not directly comparable with net income reported by corporations that recognize income taxes in their financial statements.
 
AltaLink’s full financial results and management’s discussion and analysis can be found on AltaLink’s website at www.altalink.ca or on SEDAR at www.sedar.com.

AltaLink, Alberta’s largest transmission provider, is actively working with stakeholders to build more than 40 new transmission projects, responding to the province’s growth and ensuring the transmission system will meet Albertans’ needs today and in the future. Hundreds of kilometres of new, efficient transmission lines will ensure our customers have access to clean, renewable power and the lowest‐priced electricity Alberta has to offer. AltaLink is a proud supporter of Alberta 4‐H and, as a Legacy Builder, is the title sponsor of all regional, district and provincial communications and public speaking programs.

This news release does not constitute an offer to sell or the solicitation of an offer to buy AltaLink’s securities in any jurisdiction, including but not limited to, the United States. AltaLink’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as “expects”, “projects”, “plans”, “anticipates” and similar expressions, are forward-looking information that represents management of AltaLink’s internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of AltaLink. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AltaLink’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in AltaLink’s filings with the Canadian securities authorities. Accordingly, holders of AltaLink securities and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. AltaLink disclaims any responsibility to update these forward-looking statements.