EFG, an affiliate of MPA, advised on the Jordan Cove transaction and has an economic interest in the project

1. FOR IMMEDIATE RELEASE
FORT CHICAGO ANNOUNCES
Investment in Infrastructure Development Firms
Trading Symbol: FCE.UN
Exchange: TSX
Calgary, Alberta – July 28, 2005 Fort Chicago Energy Partners L.P. (“Fort Chicago”) is pleased to
announce that it has taken ownership positions in two energy infrastructure development firms that are
expected to broaden Fort Chicago’s investment opportunities and further diversify its asset base.
Effective immediately, Fort Chicago has acquired a 20% interest in Pristine Power Inc. (“Pristine”), an
independent power development company, for an approximate cost of $2 million. In addition to its base
ownership position, this transaction will provide Fort Chicago with preferential equity investment rights
to obtain additional interests in any power development activities undertaken by Pristine.
Also immediately, Fort Chicago announces that it has taken a controlling, preferential ownership position
in Jordan Cove Energy Project L.P. (“Jordan Cove”), which plans to develop an LNG import terminal and
storage facility in Coos County, Oregon. The facility, called Jordan Cove Energy Project, is ideally
located to offer a long-term, secure source of gas supply to the U.S. Pacific Northwest and California.
Energy Projects Development, LLC, which initiated the Jordan Cove Energy Project, will be a minority
partner in the venture and will continue to be responsible for the successful development of the proposed
LNG facility. Fort Chicago’s planned expenditure for the Jordan Cove project during the remainder of
2005 is approximately US$3 million. Energy Fundamentals Group Inc., of Toronto, Ontario, acted as an
advisor to Fort Chicago in this transaction and holds a deferred right to become an equity participant in
the project.
More detailed project information about Jordan Cove can be found at
www.jordancoveenergy.com.
“The current low interest rate environment is making the energy infrastructure acquisition market very
competitive. These new investment opportunities will allow Fort Chicago to diversify and expand its
investment base at a measured pace outside the direct acquisition market” said Stephen White, President
and CEO of Fort Chicago. “We are very pleased with the quality and proven capability of the respective
development teams associated with Pristine Power and Jordan Cove. The long-term, contractual nature of
the projects being undertaken by Pristine and Jordan Cove, and the stable cash flow that they will be
designed to provide, make them attractive investments for an income fund structure” added Mr. White.
About Pristine Power Inc.
Pristine Power Inc., of Calgary, Alberta, develops, builds and operates conventional and alternative power
generation projects that offer minimal technical and financial risk, high levels of reliability, and
environmental advantages over other generation technologies. Additional information can be found at
www.pristinepower.ca.
About Energy Projects Development, LLC
Colorado based Energy Projects Development, L.L.C., is a team of energy industry professionals with
substantial experience in the development of energy projects, including management oversight of a
proposed LNG export facility and the provision of expert consultation to LNG import projects.
Fort Chicago is a limited partnership which, together with its affiliates, presently owns a 50.0%
interest in the Alliance Pipeline, an approximate 42.7% interest in Aux Sable and Alliance Canada
Marketing and a 100% interest in the Alberta Ethane Gathering System (“AEGS”). The Alliance
Pipeline is a 3,000 kilometre mainline natural gas pipeline, which extends from northeastern British
Columbia to delivery points near Chicago, Illinois. Aux Sable operates natural gas liquids

2. -2extraction, fractionation and delivery facilities near Chicago. AEGS is a 1,324 kilometre ethane
pipeline system, which delivers ethane feedstock to Alberta’s petro-chemical industry.
Class A Unit Ownership Restrictions
Fort Chicago is organized in accordance with the terms and conditions of a limited partnership
agreement which provides that no Class A Units may be transferred to, among other things, a
person who is a "non-resident" of Canada, a person in which an interest would be a "tax shelter
investment" or a partnership which is not a "Canadian partnership" for purposes of the Income
Tax Act (Canada).
This news release contains forward-looking information relating to, but not limited to, Fort Chicago and
its Pipeline and NGL businesses. When used in this news release, the words "anticipate", "expect",
"project", "believe", "estimate", "forecast" and similar expressions are intended to identify forwardlooking information. By its nature, forward-looking information involves numerous assumptions and is
subject to risks and uncertainties, which could cause actual results or events to differ materially from
current expectations. Readers are cautioned not to place undue reliance on forward-looking information.
Factors which could cause actual results or events to differ materially from current expectations include,
among other things: the ability of Fort Chicago to successfully implement its strategic initiatives and
achieve expected benefits; the status, credit risk and continued existence of customers having contracts
with Alliance, Aux Sable or AEGS; the availability and price of energy commodities; fluctuations in
foreign exchange and interest rates; the regulatory environment; competitive factors in the pipeline
transportation and NGL extraction industries; the prevailing economic conditions in North America; and
such other risks and uncertainties described from time to time in the reports and filings with Canadian
securities regulators. You are cautioned that the foregoing list is not exhaustive. For additional
information concerning these and other factors, or the meaning of defined terms used herein, see the
Annual Information Form and the annual and quarterly Management Discussion and Analysis filed
by Fort Chicago with Canadian securities regulators. Fort Chicago disclaims any intention or obligation
to update or revise any forward-looking statements, publicly or otherwise, whether as a result of new
information, future events or otherwise.
Certain financial information contained in this news release may not be standard measures under
Generally Accepted Accounting Principles ("GAAP") in Canada and may not be comparable to similar
measures presented by other entities. These measures are considered to be important measures used by
the investment community and should be used to supplement other performance measures prepared in
accordance with GAAP in Canada. For further information on non-GAAP financial measures used by
Fort Chicago see the annual and quarterly Management Discussion and Analysis and the notes to the
annual and quarterly financial statements filed by Fort Chicago with Canadian securities regulators.
- 30 For further information, please contact:
Stephen H. White
President and C.E.O.
Hume D. Kyle
Vice President, Finance and C.F.O.
Fort Chicago Energy Partners L.P.
Stock Exchange Tower,
2150, 300 Fifth Avenue S.W.
Calgary, AB T2P 3C4
Phone: (403) 296-0140; Fax: (403) 213-3648
www.fortchicago.com
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES.