Innergex announces director election results

LONGUEUIL, QC, May 15, 2014 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) announces that all nominees listed in the management proxy circular dated April 8, 2014 were elected as directors of the Corporation.

The detailed results of the vote by ballot for the election of directors, which was held during the annual meeting of shareholders held on May 13, are as follows:

    Votes For   % Votes For   Votes Withheld   % Votes Withheld
William A. Lambert   49,794,154   99.97 %   17,110   0.03 %
John A. Hanna   49,773,778   99.92 %   37,486   0.08 %
Jean La Couture   49,771,290   99.92 %   39,974   0.08 %
Michel Letellier   49,776,688   99.93 %   34,576   0.07 %
Daniel L. Lafrance   49,775,939   99.93 %   35,325   0.07 %
Lise Lachapelle   44,661,952   89.66 %   5,149,312   10.34 %
Richard Laflamme   49,771,958   99.92 %   39,306   0.08 %

The formal report on voting results with respect to all matters voted upon during the meeting will be filed with the regulatory authorities shortly.

About Innergex Renewable Energy Inc.

Innergex Renewable Energy Inc. (TSX: INE) is a leading Canadian independent renewable power producer. Active since 1990, the Company develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms and carries out its operations in Quebec, Ontario, British Columbia, and Idaho, USA. Its portfolio of assets currently consists of: (i) interests in 32 operating facilities with an aggregate net installed capacity of 672 MW (gross 1,164 MW), including 25 hydroelectric operating facilities, six wind farms, and one solar photovoltaic farm; (ii) interests in five projects under development or under construction with an aggregate net installed capacity of 210 MW (gross 321 MW), for which power purchase agreements have been secured; and (iii) prospective projects with an aggregate net capacity totaling 2,900 MW (gross 3,125 MW). Innergex Renewable Energy Inc. is rated BBB- by S&P and BB (high) by DBRS (unsolicited rating).

The Corporation's strategy for building shareholder value is to develop or acquire high-quality facilities that generate sustainable cash flows and provide a high return on invested capital, and to distribute a stable dividend.

  

SOURCE: Innergex Renewable Energy Inc.

For further information:

Marie-Josée Privyk, CFA, SIPC
Director - Investor Relations
450 928-2550, ext. 222
mjprivyk@innergex.com

www.innergex.com

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Innergex Renewable Energy Inc.

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