Terasen Multi-Utility Services buys Toby Creek Utilities in Vancouver, Can.

Terasen Multi-Utility Services Inc. has purchased the propane, water and wastewater utility assets from Toby Creek Utilities Co. Ltd. at Intrawest's Panorama Mountain Village.


VANCOUVER, Oct. 13, 2003 -- Terasen Multi-Utility Services Inc., a wholly owned subsidiary of Terasen Utility Services Inc., has purchased the propane, water and wastewater utility assets from Toby Creek Utilities Co. Ltd. at Intrawest's Panorama Mountain Village.

"We have provided various utility services to the Panorama Mountain Village community for several years and are delighted to expand our involvement and commitment to this exceptional lifestyle development," said Brett Hodson, Terasen Utility Services president.

"Since we helped design and build Toby Creek Utilities, it makes sense for us to take an ownership position. This will ensure customers continue receiving the same exceptional service with our emphasis on customer safety."

Hodson said the Toby Creek purchase fits in and compliments Terasen's other operations.

"The sale of the utilities services allows Panorama to focus on its core business," said Gord Ahrens, Panorama's vice-president and general manager.

"The sale of the utility services is consistent with the natural evolution of Panorama Mountain Village. With Terasen ensuring safe and reliable services to Panorama, we can focus our energy on providing memorable recreational experiences."

Terasen Utility Services - a subsidiary of Terasen Inc. - designs, builds and operates water, wastewater and energy systems. In addition, it operates energy systems at several resorts including Silver Star Resort and Sun Peaks and operates more than 50 water and wastewater systems throughout B.C. and Alberta with 40 operators and lab technicians dedicated to these systems.

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