The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Valener announces the broadcast of its financial results and those of Gaz Métro for the 2012 fiscal year

Wednesday, October 17, 2012

Valener announces the broadcast of its financial results and those of Gaz Métro for the 2012 fiscal year14:45 EDT Wednesday, October 17, 2012MONTREAL, Oct. 17, 2012 /CNW Telbec/ - Valener Inc. ("Valener") (TSX: VNR), the public investment vehicle in Gaz Métro Limited Partnership ("Gaz Métro"), will hold a telephone conference with financial analysts on Thursday, November 29, 2012, at 11:00 a.m. (Eastern time) to discuss its results and those of Gaz Métro for the fiscal year ended September 30, 2012.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 1-855-859-2056 (access code: 46598817), and for 90 days on Valener's Web site.Overview of ValenerValener owns an economic interest of approximately 29% in Gaz Métro. Valener therefore has a stake in the energy industry and benefits from Gaz Métro's diversified profile, both in terms of geography and business segment. Valener also owns a 24.5% indirect interest in the wind power projects jointly developed with Gaz Métro and Boralex Inc. on the private lands of Séminaire de Québec. Valener's common shares and preferred shares are listed on the Toronto Stock Exchange under the "VNR" trading symbol for common shares and under the "VNR.PR.A" symbol for Series A preferred shares. www.valener.com.Overview of Gaz MétroWith almost $5 billion in assets as at June 30, 2012, Gaz Métro is a major energy distributor. It is the principal natural gas distributor in Quebec, where its more than 10,000-km underground distribution network serves some 300 municipalities. Gaz Métro is also present in Vermont, where it is active in the electricity and natural gas distribution markets. Gaz Métro is actively involved in the development of innovative energy projects such as the production of wind power, the use of natural gas as a fuel for transportation and the promotion of biomethane. Gaz Métro is committed to the satisfaction of its over 180,000 customers in Quebec and 295,000 customers in Vermont, its Partners (Gaz Métro inc. and Valener), its employees and the communities it serves. www.gazmetro.comSOURCE: VALENER INC.For further information: Investors and analystsCaroline Warren Investor Relations 514-598-3324 MediaMarie-Noëlle Cano Media and Public Relations 514-598-3046