BC Chamber of Commerce Energy Summit

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• BC Chamber of Commerce Energy Summit
• Victoria, Tuesday 26 February 2008
• Plutonic Powers Social License
• Bruce Ripley, President
• Plutonic Power Corporation

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Plutonic Power Corporation - Background

• Private hydroelectric developer
• TSX listed, 300M market cap
• Aligned to BC energy policy
• Quadruple bottom line
• 1-Financial 2-First Nations
• 3-Environmental 4-Regional development

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Run-of-river technology
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Plutonics Projects
Construction East Toba Montrose, 196 MW 150 km
of 230 kV transmission In-service
2010 Permitting Upper Toba, 130 MW Bute, 900
MW 230 and 500 kV transmission options Phased
in-service starting 2014
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Social License What is it?
Social human society often
inferred License give permission Expectation
of stewardship Consent to operate Public trust
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Social License why is it important?
Table stakes for being in business Powerful
leverage Touch major government
policies Energy First Nations Climate change Land
use planning Public-private development
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Social License how is it built?
Engagement and communication Delivering tangible
benefits Track record and reputation Actions
trump words
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Social License - Team Effort and Impacts
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Social License - Community
Powell River Area East Toba Montrose 4M local
spend in 2007 200 local jobs over 3 years Public
meetings Career and job fairs Powell River Kings
sponsor Local office
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Social License - Environmental
Clean technology no GHG Minimal fish
impacts Regulatory compliance Enhance habitat
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Social License First Nations
Impact Benefit Agreements - IBAs East Toba
Montrose Klahoose, Sliammon, Sechelt 29 First
Nation employment on construction Klahoose SD
47 camp services JV VanASEP and CORE
training Kiewit financing of FN construction
equipment Grade school language skills programs
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Social License - Technical
Safety Public Construction and operations Reliabi
lity Generation supply Transmission
stability Well-managed risks
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Social License Financial Credibility

660M to deliver East Toba Montrose GE equity
partner Manulife-led lender Kiewit performance
guarantee Strong Plutonic management team
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Social License - Summary
Essential to be in the electricity
business Built through actions, teamwork
results Multiple building blocks Community Enviro
nment First Nations Technical performance Financia
l credibility
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