Tonbridge Power Inc.

Tonbridge Power Inc.

November 17, 2008 16:52 ET

Tonbridge Power Receives Final DOE Permit to Construct MATL Transmission Line

TORONTO, ONTARIO--(Marketwire - Nov. 17, 2008) - 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 today the Department of Energy, ("DOE"), and the Office of Electricity Delivery and Energy Reliability, ("OE"), published its Record of Decision, ("ROD") to issue MATL a Presidential Permit which will allow MATL to construct, operate, maintain and connect a new single-circuit 230,000-volt (230-kV) electric transmission line along the preferred alternative route.

This Presidential Permit is the last and final regulatory approval required by MATL to build the power transmission line from the County of Lethbridge, Alberta to a substation outside of Great Falls, Montana. Details of the ROD may be found by visiting the Federal Register at:

MATL has also received approval for the line from the Montana Department of Environmental Quality (DEQ), the Western Electricity Coordinating Council (WECC), the Federal Energy Regulatory Commission (FERC), the Canadian National Energy Board (NEB) and the Alberta Energy and Utilities Board. The Company has now completed its regulatory phase and will now proceed to accomplish its final steps before construction.

Johan van't Hof, CEO, stated, "We are very pleased with this outcome. The work of the staff at DOE has been truly superb in completing their review and I am genuinely grateful for the extraordinary efforts that went into this regulatory assessment. We know that many stakeholders have contributed to this process and we look forward to completing the financing process and consulting with landowners while we get ready for construction."

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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