Brookfield Power’s St. Lawrence Operations Celebrates Safety Milestone

LIVERPOOL, NY (04/25/2007)(readMedia)-- Brookfield Power's St. Lawrence Operations Celebrates Seventh Year Without Lost Time Due to Accidents

Brookfield Power announced that its St. Lawrence operations, in upstate New York, have marked the milestone of seven consecutive years without lost work time due to an accident.

"The health and safety of our employees is of the utmost importance to Brookfield Power and we are glad to celebrate this major achievement," said Tom Smith, general manager of Brookfield Power's St. Lawrence operations, based in Potsdam, New York. "It is the work of our proactive environmental, health and safety committee and our company's comprehensive health and safety program that makes it possible to keep these key corporate initiatives at the forefront of all employees' minds."

Formed in 1993, the St. Lawrence Operations' environmental, health and safety committee includes eight employees from maintenance and operation crews, relay technicians and clerical staff. The committee complements Brookfield Power's mandatory safety training required for each employee.

Brookfield Power owns and operates 32 hydropower plants in the St. Lawrence region, featuring 57 hydropower turbines, with an installed generating capacity of 229 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.

– 30 –

About Brookfield Power Brookfield Power comprises the power generating and marketing operations of Brookfield Asset Management Inc. Brookfield Power has developed and successfully operated hydroelectric power facilities for almost 100 years. Brookfield Power's portfolio comprises almost 3,800 megawatts of capacity and includes 140 hydroelectric power generating stations and 1 pumped storage facility located on 50 river systems, 1 wind farm, and 2 thermal plants, principally in the northeastern North America and South America. (See www.brookfieldpower.com for more details). Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has approximately US$70 billion of assets under management and is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM. (See www.brookfield.com for more details).

Brookfield Power Lela R. Katzman Full Spectrum Communications (518) 785-4416, fsclela@verizon.net