Wednesday, June 25, 2014

Alterra Power Corp. - AXY.t

Alterra Power Corp. - AXY.t is a leading global renewable energy company, operating six power plants totaling 568 MW of generation capacity, including British Columbia's largest run-of-river hydro facility and largest wind farm, two geothermal facilities in Iceland, and a geothermal plant in Nevada.

Alterra owns a 262 MW share of this capacity, generating approximately 1,300 GWh of clean power annually.

On May 28, 2014 the company released News

"Alterra Power Corp. ("Alterra" or the "Company") is pleased to announce that Kerri Fox has been appointed to its Board of Directors. Ms. Fox has nearly 20 years of project finance experience across the energy and infrastructure space, including renewable power. She currently heads BBVA's North American project finance team. Ms. Fox replaces Walter Segsworth who retired from the Board. Mr. Segsworth served on the Board of Alterra and its predecessor company (Plutonic Power Corporation) for over twelve years. Donald Shumka replaces Mr. Segsworth as Lead Director.

Ross Beaty, Alterra's Executive Chairman, said, "Kerri is a great addition to our Board, bringing strong familiarity with all sides of the USA renewables market and deep financing expertise. I would also like to thank Walter Segsworth for his longstanding, valuable service to this Company. We will miss him and we wish him well in his future endeavours."

The Company held its annual general meeting of shareholders on May 12, 2014. A total of 252,674,401 shares were represented at the meeting, being 53.92% of the Company's issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting, including the appointment of auditors for the ensuing year and the election of management's nominees as directors."