Gaelectric and Tonbridge sign transmission deal

• Tonbridge to allocate at least 500 MW to Gaelectric as Anchor Shipper

• $1m feasibility study to start immediately; Transmission anticipated by 2013

• Gaelectric anticipates further transmission deals in Montana


DUBLIN, MONTANA – November 9, 2009 -- GAELECTRIC, the Irish renewable energy company announced that it has entered into an agreement with Tonbridge, a Toronto-based developer of electrical transmission assets which will allow it to become an anchor shipper on a 1000MW interconnector between Montana and the power markets of the West and North West of the United States.

This project, referred to as the “Green Line”, will be approximately 100 miles in length and is Tonbridge’s second transmission line project. The proposed Green Line would connect the Company’s existing MATL transmission line, which is currently under construction, with Bonneville Power Administration’s transmission system on the 500kV Colstrip transmission line (the “Colstrip line”) at or west of Townsend or Garrison, Montana. The Colstrip line is the major “electricity highway” that runs East to West out of Montana and enables renewable and other power to reach load centers in the Pacific Northwest region.

Tonbridge will undertake to allocate at least 500 MW of firm transmission to Gaelectric in consideration for payment of mutually agreed development costs. The formal allocation of this capacity would occur through a FERC regulated process resulting in firm transmission shipping rights. In this respect, Gaelectric would become an “Anchor Shipper” and would receive its development contributions back through contracted transmission tariff reductions in the future.

Robert van Beers, Chief Operating Officer and Head of Project Development for Tonbridge remarked, “We have been working to get to this point for a long time. With the wind resources available in Montana, it is essential that real and commercial solutions for transmission be brought to fruition in order to ensure renewable generation becomes a reality. We are delighted to collaborate with a partner as capable and as committed as Gaelectric.”

Brendan Mc Grath, CEO Gaelectric commented, "We have a strong track record in development in Ireland, and are delighted through this agreement with Tonbridge to be developing our commitment in Montana. We have had a local office in the area since 2006 and this is just the first step in what we believe is a very promising future in Montana.

Gaelectric has acquired land options in Montana in excess of 10,000 megawatts. The majority of this development pipeline is located in areas of excellent wind resource yielding high energy flows. Ensuring that this energy reaches the markets with high load factors requires new transmission.

Gaelectric is looking forward to working with Tonbridge to develop the transmission line, and to building on our strategy to join with local partners to deliver our ambitious plans for wind energy development in the State.

We believe this is just the beginning of what we can achieve in Montana and are currently investigating five other transmission opportunities in the region.”

Ends/

For further information please contact:
Niamh Lyons, FD - +353 1 6633602
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NOTES TO EDITORS:

About the Deal
On August 26, 2009, Tonbridge made inter-connection requests to Bonneville Power Administration for 1,000MW each at Garrison and Townsend, Montana.

The Green Line project is expected to proceed through three major phases of development before it can become operational:

• The first phase, “Feasibility”, is anticipated to take 8-12 months. The Feasibility phase involves numerous independent assessments of all the commercial, technical, regulatory, financial, routing and timeline elements of the project and ultimately is designed to support a decision to proceed to development.
• The second phase, called “Development and Regulatory Approval”, is expected to take 15-18 months. During the Development and Regulatory Approval phase, the Company will define the technical scope and size of the line, post for auction any remaining capacity, obtain required permits and regulatory approvals, define final right of ways within permits, conclude engineering, procurement and construction contracts, execute operations and maintenance arrangements and arrange for required project capital through senior financing arrangements.
• The final phase, “Construction”, encompasses formal notice to proceed, mobilization, final engineering and design, procurement, final land assembly, erection of all facilities, testing and declaration of the commercial operation date.

The current agreement between the Company and Gaelectric relates only to the Feasibility Phase of the Green Line project. Tonbridge and Gaelectic will collectively contribute up to US$500,000 during this stage.

If the Feasibility Phase is successful, the parties have agreed to negotiate a development agreement. There is no assurance that the Green Line will be determined to be feasible, that a development agreement will be executed or that the Green Line will be built.

If the Green Line is built, it is expected to have a positive impact on the MATL line, as it should relieve the congestion for southbound electricity flows by, in effect, extending the MATL line southward to interconnect with the Colstrip line.

About Gaelectric
Gaelectric is a group of companies, each active in the different fields of Renewable Power Generation and Energy Storage with experienced teams specialized in all aspects of project planning, permitting, finance, engineering and management. Our engineers and development teams have over 75 years of experience in the international Renewable Energy sector. Gaelectric is active in Northern Ireland, the Republic of Ireland and North America where Gaelectric operates regional development offices.
For more information www.gaelectric.ie.

About Tonbriedge Power Inc.
Tonbridge Power Inc., is a Toronto-based developer of electrical transmission assets, whose principal asset is a 100% interest in Montana Alberta Tie Ltd. Shares of the Company are traded on the TSX Venture Exchange under the symbol “TBZ.”