Pipelines and Power Plants

Gendis owns 2 million shares of TSX-listed Veresen Inc. An original investor in Veresen’s predecessor, Fort Chicago Energy Partners LLP, Gendis has held its shares since 1997 when it initially provided $85 million of seed capital. Veresen has ownership positions in numerous energy assets including the Alliance and Ruby Pipelines, the Aux Sable Plant as well as the Alberta Ethane Gathering System. Veresen is also proposing to build a multi-billion dollar LNG plant on the Oregon coast called the Jordan Cove Project.