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Press release from CNW Group

Veresen Announces Preferred Share Dividend for the Quarter Ended September 30, 2012

Friday, September 07, 2012

Veresen Announces Preferred Share Dividend for the Quarter Ended September 30, 201213:39 EDT Friday, September 07, 2012/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/CALGARY, Sept. 7, 2012 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) today announced that its Board of Directors has declared the regular quarterly cash dividend of $0.275 per share for the period ended September 30, 2012 on its Cumulative Redeemable Preferred Shares, Series A.  The dividend will be paid on September 30, 2012 to shareholders of record at the close of business on September 14, 2012. This dividend is designated an "eligible dividend" for Canadian income tax purposes.About Veresen Inc.Veresen is a publicly-traded dividend paying corporation based in Calgary, Alberta, that owns and operates energy infrastructure assets across North America. Veresen is engaged in three principal businesses: a pipeline transportation business comprised of interests in two pipeline systems, the Alliance Pipeline and the Alberta Ethane Gathering System; a midstream business which includes ownership interests in a world-class natural gas liquids extraction facility near Chicago, the Hythe/Steeprock gas gathering and processing complex, and other natural gas and NGL processing energy infrastructure; and a power business with renewable and gas-fired facilities and development projects in Canada and the United States, and district energy systems in Ontario and Prince Edward Island. Veresen and each of its pipeline, midstream and power businesses are also actively developing a number of greenfield projects. In the normal course of its business, Veresen and each of its businesses regularly evaluate and pursue acquisition and development opportunities.Veresen's common shares, Series A preferred shares, and 5.75% convertible unsecured subordinated debentures, Series C due July 31, 2017 are listed on the Toronto Stock Exchange under the symbols "VSN" , "VSN.PR.A" and VSN.DB.C", respectively. For further information, please visit www.vereseninc.com.SOURCE: Veresen Inc.For further information: Dorreen Miller, Director Investor Relations Phone: (403) 213-3633 Email: investor-relations@vereseninc.com