Montreal, February 14, 2006 – Gaz Métro Limited Partnership (TSX: GZM.UN) announces that its wholly owned subsidiary Gaz Métro Plus, the parent corporation of Climatisation et Chauffage Urbains de Montréal (CCUM) has just entered into an agreement with Dalkia Canada, a member of an internationally-renowned group in the energy production and district heating field.

The transaction is structured as a 50:50 joint venture between Gaz Métro Plus and Dalkia. The joint venture to be named CDH Solutions & Operations (CDH) will oversee CCUM’s expansion and promote the acquisition or development of district heating and cooling plants in major cities in Canada.

As a result of this transaction, whereby CCUM becomes CDH’s wholly owned subsidiary, Gaz Métro will realize a net profit of approximately $6 million and CDH will have available cash for its future development. Given the strength of both partners, additional resources will be available to CDH as required to continue service improvement. Gaz Métro Plus and Dalkia’s complementary and diversified expertise will allow CDH to better respond to its clients’ heating and cooling needs.

“We are extremely pleased to announce our joint venture with Dalkia, a world leader in the district heating field. Gaz Métro will be able to rely on a solid and experienced partner for the development of a business segment with a bright future. CCUM currently serves prestigious clients, all located in downtown Montreal, and plans on increasing their number. CDH will also increase the share of district heating in Canada’s major cities”, said Robert Tessier, President and Chief Executive Officer of Gaz Métro. Mr. Tessier also noted that “the new joint venture is perfectly in line with the new mission adopted by Gaz Métro last fall, namely to broaden its operations in the energy industry.”

About Dalkia

Dalkia Canada is a subsidiary of Dalkia International, a French corporation which manages over 600 thermal plants in more than 38 countries. With more than 43,300 employees, this leading European energy service provider reports sales in excess of 5.7 billion Euros.

About CCUM

CCUM owns a steam, hot water and cold water network for the heating and cooling of buildings located in downtown Montreal. CCUM currently serves premises totalling more than 15 million square feet, including office buildings, shopping centres, hotels, a train station, a multi level car parking, university campuses, residential condominiums and student apartment buildings.

Gaz Métro Overview

With more than $2.5 billion of assets and more than 1,500 employees in Québec, Gaz Métro is a leading Québec energy company and one of Canada's largest natural gas distributors. Gaz Métro serves about 164,000 customers in Québec through an underground pipeline network of almost 10,000 km. A subsidiary, Vermont Gas Systems, serves about 37,000 customers.

Gaz Métro also owns significant investment interests in two natural gas transportation enterprises (TQM and Portland Natural Gas Transmission System) and in an enterprise specializing in underground natural gas storage facilities (Intragaz). Gaz Métro Plus, a subsidiary of Gaz Métro, provides maintenance and repair services for natural gas equipment, district cooling and heating systems (CCUM) and leased water heaters, including electric water heaters (HydroSolution). Through various subsidiaries and affiliates, Gaz Métro is also active in water and waste water infrastructure diagnostics and rehabilitation (Aqua Data and Aqua-Rehab) and fibre optics (MTO Telecom Inc., formerly VDN Cable).

Information: Frédéric Krikorian, Senior Advisor, Public and Governmental Affairs, Gaz Métro, 514 598-3656, fkrikorian@gazmetro.com, Geneviève Deschamps, Senior Advisor, Investor Relations, Gaz Métro, 514 598-3324, gdeschamps@gazmetro.com

Note: Luc Sicotte, President and Chief Executive Officer, Gaz Métro Plus, will be available by telephone upon request.