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Boralex Power Income Fund: start of the arbitration proceedings

Montreal, QC — Boralex Power Income Fund announced that the Quebec Superior Court has issued a permanent and inter…

Montreal, QC — Boralex Power Income Fund announced that the Quebec Superior Court has issued a permanent and interlocutory injunction ordering AbitibiBowater to suspend the effect of its unilateral termination of the Dolbeau cogeneration power station service contract.
The injunction will remain in effect until the conclusion of the arbitration which was requested by the Fund in accordance with the service contract. The Fund estimates that the court of arbitration should start the arbitration proceedings soon.

About Boralex Power Income Fund
Boralex Power Income Fund is an unincorporated open-ended trust that indirectly owns ten power generating stations located in the province of Qubec and the United States producing energy from different sources including wood-residue or natural gas-fired thermal and cogenerating facilities as well as hydroelectric power stations. In total, these power stations have an installed capacity of 190 MW.