in News Departments > FYI
print the content item

Brookfield Asset Management Inc. and Brookfield Renewable Power Fund say they plan to combine the Fund and the power generating assets owned by Brookfield's wholly owned subsidiary, Brookfield Renewable Power Inc. (Brookfield Power), to create Brookfield Renewable Energy Partners LP (BREP), a global, publicly traded partnership focused on renewable power generation.

The board of trustees of Brookfield Renewable Power Trust formed a special committee of trustees, each of which is independent of Brookfield Power and Brookfield, to consider the proposed combination. The independent committee concluded that the combination is in the best interests of the Fund and the Fund's minority unit holders, and unanimously recommended that the board of trustees approve the combination.

The board of directors of Brookfield Renewable Power Preferred Equity Inc., the issuer of the Class A preference shares, Series 1 (preferred shares), has similarly approved the combination and unanimously recommends that the preferred shareholders vote to approve the combination.

The independent committee retained independent financial, legal and engineering advisers to assist in its consideration of the proposed combination. CIBC World Markets Inc. provided a formal valuation of the trust units of the Fund and the limited partnership units of BREP.


IowaDeptEconDevel_id1863

Trachte Inc._id1770
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

WomenofWind_id
JLG_id1900
UEA_id1896
Acciona_id1907
AWEA_id1886
bonfiglioli_id1913