06/20/2013

Highlights:

Board-approved development plan will deliver a 6 Mtpa clean coal capacity operation in one stage for C$458M, a capital efficiency of C$76 per tonne of capacity Significant improvement over the prior plan which called for a two-stage development to 6 Mtpa, for a cost of C$655M Competitive and robust process with globally recognised EPC contractors resulted in an optimised project and confidence around development costs, schedule and project delivery Terms agreed with the selected EPC contractor de-risk the capital budget by locking in ~50% (US$221M) of total development capital and also de-risk schedule to first production Construction of Vista to begin following regulatory approval, which is anticipated in the next few months, and shareholder approval of EIG and Borrowdale Park funding arrangements Schedule is robust and forecasts first coal in mid 2015 EIG facility to provide up to US$350M of funding, with balance expected to be secured by way of strategic project level investment and/or marketing or offtake arrangements

VANCOUVER, June 19, 2013 /CNW/ - Coalspur Mines Limited ("Coalspur" or "Company") (ASX: CPL, TSX: CPT) is pleased to announce the finalisation and Board approval of the development plan (the "Development Plan") for its Vista coal project ("Vista"). The Development Plan for Phase 1 of Vista involves:

Constructing and commissioning a six million tonnes per annum ("Mtpa") capacity thermal coal facility by mid-2015, with the capability to expand to 12 Mtpa; A development capital cost of C$458 million, with a lump sum turn-key contract covering US$221 million (approximately C$226 million) of this expenditure; and Constructing the 6 Mtpa facility in one stage as opposed to the previously envisaged two stages. This accelerated development is the result of a modified execution strategy and efficient re-engineering of the materials handling infrastructure and process flowsheet and presents significant savings (approximately C$197 million).

This final Phase 1 facility and design is consistent with Coalspur's regulatory application for Vista Phase 1 which is currently under final review with the Alberta regulators.

President and CEO Gill Winckler said "We are extremely pleased with the Development Plan that the Board has approved as it significantly enhances shareholder value. Shareholders will benefit from reduced capital requirements and a faster production ramp up than previously contemplated. Furthermore, being able to construct the facility in one stage as opposed to the previously envisaged two stages provides for more effective project execution and delivery.

06/20/2013



Regulator explains disapproval of Quadra deal, GEH not planning challenge

Russia's Federal Anti-Monopoly Service (FAS) decided Tuesday to reject an application from Gazprom Energoholding's (GEH) Mosenergo (RTS: MSNG) and Centrenergoholding to jointly buy 100% of shares in power company Quadra.

06/20/2013



Ukraine hopes to settle dispute with Westinghouse through negotiation

The Ukrainian Energy and Coal Ministry hope to settle their dispute with Westinghouse over damaged fuel assemblies through negotiation, Energy Minister Eduard Stavitsky told the press Tuesday.

06/20/2013

Office of the Legislative, The State of Rhode Island has issued the following press release:

Introduced By: Representatives Brien, Phillips, and Baldelli-Hunt

Date Introduced: January 05, 2012

Referred To: House Municipal Government

It is enacted by the General Assembly as follows:

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SECTION 1. Section 23-19-11 of the General Laws in Chapter 23-19 entitled "Rhode

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06/20/2013

The European Union has issued the following news release:

Use of climate-unfriendly fluorinated gases should be banned in new air-conditioning appliances and refrigerators by 2020, according to a vote on draft legislation in the Environment Committee on Wednesday. Overall use of potent hydrofluorocarbon (HFC) greenhouse gases should be reduced 84% by 2030, MEPs say.

06/20/2013

The Energy Alternatives Division of Cupertino Electric, Inc. today announced the successful completion of two solar generation projects in Huron, California totaling 30 megawatts (MW) that were engineered and constructed for Pacific Gas and Electric Company (PG&E). The 20 MW and 10 MW solar projects are the fourth and fifth in a series of projects that Cupertino Electric has designed and built for PG&E since 2011 under the utility's clean energy initiative.

06/19/2013

Honda Motor Co. said Tuesday it will install a wind-power generation system at a transmission production plant in the U.S. state of Ohio, as part of efforts to promote its environmental initiatives.

06/19/2013

UK Parliament has issued the following news release:

Latest news on the Energy Bill 2012-13 to 2013-14

06/19/2013

The plant will generate enough power for approximately 34,500 Italian homes. GE's gas turbine technology, which helps integrate wind and solar energy into the grid, will allow the new plant to generate high-efficiency and environmentally friendly electrical power, balancing the reduction of contribution from wind and solar generation. The new plant is located in the province of Chieti in Abruzzo, GE said.

06/19/2013

BROOKFIELD RENEWABLE ENERGY PARTNERS L P ("BEP.UN-T") - Commences Public Offering

Brookfield Renewable Energy Partners L.P. ("Brookfield Renewable") announced that it has commenced a public offering of limited partnership units ("L.P. units") in the United States. Brookfield Renewable expects that, concurrent with any offering of L.P. units in the U.S., it will also offer L.P. units in Canada under a prospectus supplement to its base shelf prospectus.

Brookfield Renewable expects to offer 12,178,785 L.P. units in the offering. Barclays Capital Inc., Deutsche Bank Securities Inc., CIBC World Markets Inc. and Scotia Capital Inc. are the joint book-running managers. The offering is being co-managed by Citigroup Global Markets Inc., Credit Suisse Securities (Canada) Inc., HSBC Securities (USA) Inc., RBC Dominion Securities Inc. and TD Securities Inc. Brookfield Renewable has granted the underwriters an option to purchase up to 1,826,818 additional L.P. units to cover over-allotments, if any.

06/19/2013

The U.S. Department of Energy published the following notice in the Federal Register:

Notice of Commission Staff Attendance

A Notice by the Federal Energy Regulatory Commission on 06/19/2013

The Federal Energy Regulatory Commission (Commission) hereby gives notice that members of the Commission's staff may attend the following stakeholder meeting related to the transmission planning activities of PJM Interconnection, L.L.C.; Midcontinent Independent System Operator; New York Independent System Operator, Inc.; and the Southeastern Regional Transmission Planning regions.

Transmission Owner Order No. 1000 Interregional Cost Allocation Proposal

06/19/2013

Chairman Sindh Board of Investment Muhammad Zubair Motiwala said that the quality of huge reserves at Thar Coal is recognised by the world renowned institutions and at Clean Coal Forum 2013 held from 13th to 14th June 2013 at Beijing, China. Chairman SBI during his address at the event explain to the international audience regarding current development projects in Thar, Sindh to increase access and develop infrastructure for increase participation of local & foreign investors.

06/19/2013

Patrick Kniveton, head of engineering improvement at Rolls-Royce Marine Power, has become president of the Institution of Mechanical Engineers. Here, he tells Oliver Astley about his career and ambitions.

FOLLOWING in the footsteps of engineering icons of the past such as George Stephenson, Joseph Whitworth and Sir Harry Ricardo, Patrick Kniveton is looking to the future.

He is president of the Institution of Mechanical Engineers and head of engineering improvement at Rolls-Royce Marine Power, Derby.

Rather than evoke the names of the great engineers of the past, though, he wants to celebrate today's.

06/19/2013

PGE has also signed a new memorandum of understanding with the Bonneville Power Administration to seek mutual transmission capacity solutions, resulting in the company's decision to suspend permitting and development of the proposed Cascade Crossing transmission project and revise its 2013 earnings guidance. The power plants and the memorandum of understanding significantly advance the company's implementation of its current integrated resource plan, which the Oregon Public Utility Commission acknowledged in November 2010. PGE has entered into the following: An agreement to construct a new 440 megawatt natural gas-fired power plant near Boardman. Projected cost: $440 million to $455 million, excluding allowance for funds used during construction.

06/19/2013

BROOKFIELD RENEWABLE ENERGY PARTNERS L P ("BEP.UN-T") - Q2 Preliminary Outlook

Following its announcement that it has commenced a public offering of limited partnership units ("L.P. units"), Brookfield Renewable Energy Partners L.P. ("Brookfield Renewable") has provided the following preliminary outlook for its second quarter ended June 30, 2013.

Seasonal inflows and wind conditions across the portfolio are expected to result in generation approximating long-term average ("LTA") levels. Accordingly, Brookfield Renewable expects total generation in the second quarter of 2013 to approximate 6,151 gigawatt hours (GWh), as compared to LTA of 6,171 GWh, and generation of 4,101 GWh in the second quarter of 2012.

The table below summarizes expected generation by segment and region as at the date of this release: //st Preliminary Outlook - Q2 2013 Generation ---------------------------------------------------------------------------

06/19/2013

UK Parliament has issued the following news release:

Members of the Lords discussed the key principles and purpose of the Energy Bill during second reading, yesterday (Tuesday 18 June). The debate began with an explanation of how current levels of electricity demand are expected to double over the next 40 years, whilst generation capacity is set to shrink by a fifth in the next decade. The government's commitment to cut carbon emissions, as agreed in the 2008 Climate Change Act, was also discussed.

06/19/2013

United States Patent and Trademark Office has granted patent no. 8,465,642 on June 18, 2013, to Hydro Dynamics, Inc. (Georgia), titled as "Method and apparatus for separating impurities from a liquid stream by electrically generated gas bubbles"

06/19/2013

Norfolk's commercial renewable energy projects generated £13.7m of electricity last year, according to figures.

Independent energy company SmartestEnergy said its research found that the region's farmers, businesses and public sector organisations created enough power to support 70,000 homes from 22 sites.

06/19/2013

The following information was released by the Chinese Academy of Sciences:

The Climate Institute in Australia commented on Tuesday China's effort in establishing its own carbon trading scheme, saying China's policies since 2005 may lead to "the largest single absolute reduction for any country in the history of action on climate change".

06/19/2013

OTTAWA, June 18, 2013 /CNW/ - The Joint Review Panel for the Deep Geologic Repository Project for Low and Intermediate Level Radioactive Waste (DGR) today announced it has scheduled the public hearing for the project. The Panel has determined that the Environmental Impact Statement and the documents in support of the application for a Licence to Prepare a Site and Construct, along with additional information supplied by Ontario Power Generation, is sufficient to proceed to a public hearing.

The public hearing will begin on September 16, 2013, at a venue in the project area. More information on the location and dates of the hearing sessions, as well as a schedule will be available in advance of the hearing.