Please note that Alterra is now an affiliate of Innergex Renewable Energy Inc. For more information, please visit


Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices


TORONTO, May 13 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:

  • The shareholders of Plutonic Power Corp. (TSX:PCC) have agreed to the merger with Magma Energy Corp. (TSX:MXY) to form Alterra Power Corp. (TSX:AXY). Plutonic Power shareholders will receive 2.38 shares of the new Alterra Power for each share held. Plutonic Power will be removed from the S&P/TSX Clean Technology Index after the close of Tuesday, May 17, 2011. Following the merger with Plutonic Power, the relative weight of Alterra Power Corp. will increase in the S&P/TSX Clean Technology, SmallCap and Equity SmallCap Indices to reflect the issuance of shares as part of the transaction effective at the same date.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit

Notice on third party links

You are now leaving Alterra Power Corp.’s website. The views, opinions and information presented are solely of the author and not representative of those of Alterra Power Corp., its directors, officers or employees.

Alterra Power Corp. disclaims responsibility in respect of any third party web sites and any views, information or opinions contained therein.