Tonbridge Power Inc.

Tonbridge Power Inc.

May 05, 2009 17:32 ET

Tonbridge Announces Alberta Court Dismisses Appeal to MATL Power Line

TORONTO, ONTARIO--(Marketwire - May 5, 2009) - Tonbridge Power Inc. (TSX VENTURE:TBZ) ("Tonbridge Power" or the "Company"), 100% controlling shareholder of the Montana Alberta Tie Ltd. ("MATL") transmission line project to interconnect the electricity markets of Alberta and the US through a 300 MW transmission line, is pleased to announce that the Alberta Court of Appeal has dismissed the landowner appeal of the permit granted by the Alberta Energy and Utilities Board to the MATL Line. In Decision 167, Sincennes v. Alberta (Energy and Utilities Board), released today, the Court states:

"We are satisfied that the EUB's assessment of public interest was made having regard to the broad range of benefits and burdens associated with the construction and operation of the IPL. The assessment was made after a comprehensive review of the specific social, economic and environmental effects of the proposed line, including those that are unique to a merchant line. There is no reason to disturb the conclusion reached by the Board with respect to public interest. For these reasons, the appeal must be dismissed."

"MATL is pleased with the Court of Appeal decision," said Mr. Bob Williams, MATL Vice President, Regulatory. "We look forward to completing our negotiations to acquire the remaining Rights of Way, and moving into the construction phase."

The MATL Line has received all required permits in both Canada and the United States. Negotiations to acquire the remaining Canadian Rights of Way and the U.S. easements continue to progress. Montana-based wind farms have purchased all of the capacity on the line with plans to export power to the growing Alberta market.

This now positions the Company to complete the senior financing arrangements it is currently working on.

Johan van't Hof, CEO of Tonbridge Power, remarked upon hearing the news, "We had hoped that this would be the decision, but we were prepared to respect the process regardless of the outcome. I now plan to proceed to engage with landowners personally with the highest level of sensitivity to move this project forward."

Tonbridge Power is a Toronto-based developer of electrical transmission assets, whose principal asset is a 100% interest in MATL. Shares of the Company are traded on the TSX Venture Exchange under the symbol "TBZ".

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