BNN Brascan Cp

Weil, Gotshal & Manges Advises Brascan Power Inc. in Purchase of Four Hydroelectric Plants, in Transactions Totaling $73 Million NEW YORK, Jan. 31 /PRNewswire/ -- Weil, Gotshal & Manges LLP, one of the world's leading law firms, advised Brascan Power Inc., a subsidiary of Brascan Corporation (NYSE:BNNNYSE:TSX:NYSE:BNN.LV.A), in the acquisition of four hydroelectric generating facilities, with a total capacity of nearly 71 megawatts. Brascan Power has acquired the leasehold interests in two facilities from Delta Power Company, LLC, in a transaction valued at $31.4 million, including a cash purchase price of $19.4 million, subject to certain adjustments, and $12 million of assumed debt. Hydro Kennebec is a 15.4 megawatt plant located on the Kennebec River in Winslow, Maine and interconnected with the New England power grid. West Delaware is a 7.5 megawatt facility located in Grahamsville, New York and interconnected with the New York power grid. Brascan Power has also entered into an agreement to acquire two hydroelectric generating facilities totaling 48 megawatts of capacity from Reliant Energy, Inc. for $42 million. The Piney station is a 28 megawatt facility located on the Clarion River in Pennsylvania and the Deep Creek station is a 20 megawatt facility located on the Youghiogheny River in Maryland. Both facilities are part of the Pennsylvania, New Jersey and Maryland (PJM) electricity market. Weil, Gotshal & Manges LLP is an international law firm of more than 1,200 attorneys, including approximately 300 partners. Weil Gotshal is headquartered in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Shanghai, Silicon Valley, Singapore, Warsaw, Wilmington and Washington, D.C. Weil, Gotshal & Manges LLP Corporate Partners: Simeon Gold (New York); Steven M. Peck (Boston) Associates: Paul D. Fasciano, Bryan Mignone, Bettina de Catalogne, John Longobardo (New York) Real Estate Partner: Philip Rosen (New York) Associate: David A. Berlyne (New York) Tax Partner: Helyn Goldstein (New York) Associate: Max A. Goodman (New York) Employee Benefits Partner: Andrew Gaines (New York) Associate: Christina Y. Lee (New York) Labor Counsel: Lawrence Baer (New York) Associates: Kenneth Gavsie, Caroline H. Lee (New York) Environmental Partner: Annemargaret Connolly (Washington, D.C.) Associates: John O'Loughlin, Daniel W. Hurson (Washington, D.C.) Litigation Associate: Christine P. Hsu (Washington, D.C.) DATASOURCE: Weil, Gotshal & Manges LLP CONTACT: Robin Wagge of Rubenstein Associates, +1-212-843-8006, or , for Weil, Gotshal & Manges LLP Web Site: http://www.weil.com/

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