Vancouver, BC, May 15, 2008 - Plutonic Power Corporation (PCC - TSX)
held its 2008 Annual General Meeting in Vancouver on May 14, 2008.
Resolutions passed at the meeting were:
- Reappointment of KPMG LLP as auditors for Plutonic Power for the ensuing year
- Re-election of Plutonic's existing Board of Directors, who are:
Stuart ("Tookie") Angus
- Approval of the amendment of Plutonic's stock option plan, from a fixed plan to a 10% rolling plan
"2008 will be an exciting year for Plutonic Power as we continue to move
the vision of building out our Green Power Corridor closer to reality
and move BC away from its reliance on non-renewable imported energy,"
said Vice-Chair and CEO Donald McInnes. "We are pleased that our current
Board members will continue to provide governance and leadership for us
through 2008 and appreciate their personal commitment to the success of
An update on Plutonic was presented at the AGM, a copy of which is posted on Plutonic Power's website at www.plutonic.ca/s/Presentations.asp
About Plutonic Power Corporation
Plutonic Power's vision is to provide leadership and create a legacy
through the development of renewable, reliable, made-in-BC clean energy.
Its proposed Green Power Corridor, comprised of 40 facilities,
including the flagship $660 million, 196 MW East Toba River/Montrose
Creek run-of-river project currently under construction, have the design
capacity to generate enough energy to meet the annual needs of about
630,000 homes and create approximately 5,500 person years of employment.
Once built, the Green Power Corridor could offset an estimated 4
million tons of CO2 emissions every year - the equivalent to taking as
many as 650,000 vehicles off the road. Plutonic is committed to working
in partnership with First Nations, stakeholder groups and local
communities in the development of all its run-of-river projects. By
developing its suite of projects, Plutonic Power will help British
Columbia realize its goal of becoming electricity self-sufficient by
2016, meet demand utilizing 90% clean domestic generation sources and
will play a significant role in the fight against climate change.
For additional information please contact:
Office: 604-669-4999 ext 1034