LONGUEUIL, QC, Dec. 17, 2013 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") announces that S&P Dow Jones Indices LLC has decided to add the Corporation to the S&P/TSX Composite Index, effective after the close of markets on December 20, 2013.
"The addition of Innergex to the S&P/TSX Composite Index marks another milestone in our development as a leading Canadian renewable energy producer and broadens our shareholder base", states Michel Letellier, President and Chief Executive Officer of the Corporation.
S&P Dow Jones Indices LLC has also decided to add the Corporation to the S&P/TSX Composite Dividend Index, the S&P/TSX Equity Income Index and the S&P/TSX Composite Low Volatility Index. These changes were announced by S&P Dow Jones Indices LLC following the latest quarterly review of the S&P/TSX Canadian indices it provides.
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 and British Columbia and in Idaho, USA. Its portfolio of assets currently consists of: (i) interests in 30 operating facilities with an aggregate net installed capacity of 629 MW (gross 1,096 MW), including 23 hydroelectric operating facilities, six wind farms, and one solar photovoltaic farm; (ii) interests in seven projects under development or under construction with an aggregate net installed capacity of 252 MW (gross 388 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 generating sustainable cash flows and providing 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