Brascan Power New York's St. Lawrence Region Marks Fifth Consecutive Year Without Lost Time Due To Accidents

POTSDAM, New York (March 9, 2005) - Brascan Power New York's St. Lawrence region reported that it has gone five consecutive years without lost work time due to an accident.

"We take the well being of our employees extremely seriously and by reaching this outstanding milestone, we have clearly demonstrated our commitment to their long-term safety," said Tom Smith, general manager of Brascan Power New York's St. Lawrence region based in Potsdam, New York. "This accomplishment is a great tribute to the safety committee and all of the 45 employees in this region," Smith added.

The St. Lawrence region's proactive safety committee, formed in 1993, includes eight employees from maintenance and operation crews, relay technicians and clerical staff. The committee is separate of the Brascan Power's mandatory safety training required for each employee.

According to Smith, "The committee aims to conduct safety observations twice a month at hydro plants throughout the region. Usually addressed are areas of the plant not accessed by the public such as signage, decking, concrete, roofing, lighting and housekeeping. Areas of concern are logged as Safety Work Requests, and are reviewed by management in a timely manner. In fact in 2004 alone, our employees completed 28 of 30 requests submitted to the committee."

For instance, this past year the safety committee identified an area at the Franklin Falls hydropower plant that is accessible to the public where reinforcing bars on the tailrace needed repair. The tailrace is the discharge channel of the hydropower system downstream of the plant. The safety committee filed a work request and repairs were made in a timely manner.

In addition, the committee conducts monthly group meetings for all St. Lawrence region staff. Topics coincide with subjects of interest both on and off the job, such as winter driving, hunting and boating safety, carbon monoxide hazards, blood-related diseases, and health and wellness issues.

Presentations highlight committee initiatives in progress or recently completed, often pointing out safety concerns and subsequent resolutions. Occasionally invited are guest speakers such as physical therapists, law enforcement personnel, local dive teams and healthcare workers.

The St. Lawrence region is one of three areas throughout New York State region where Brascan Power operates 72 hydropower plants. The 30 hydropower plants in the St. Lawrence region feature 55 hydropower turbines, and have a generating capacity of 223 megawatts. The St. Lawrence hydroelectric generating plants are located on five rivers throughout central New York, as far south as the Browns Falls hydropower plant in Oswegatchie, east to the Franklin plant in Bloomingdale, north to the Hogansburg hydro facility in Hogansburg, and west to Eel Weir hydropower plant in Ogdensburg.

Brascan Power New York, a member of the Brascan Power group, owns and operates 72 hydroelectric power plants totaling 682 megawatts of capacity, and one 105-megawatt co-generation facility. Brascan Power comprises the power generating, distribution and marketing operations of Brascan Corporation. Brascan Power has developed and successfully operated hydroelectric power facilities, primarily in North America, for over 100 years. Brascan Power's portfolio includes 117 hydroelectric power-generating stations located on 35 river systems, three co-generation facilities and transmission and distribution assets, principally in the northeast. Brascan Corporation is an asset management company with a focus on real estate and power generation. The company is listed on the New York and Toronto stock exchanges under the symbols BNN and BNN.LV.A respectively. For more information, please visit our web site at www.brascancorp.com

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