NEW YORK, March 12, 2008 (PRIME NEWSWIRE) -- MMC Energy, Inc. (Nasdaq:MMCE) announced today that its 2008 Annual Meeting of Stockholders will be held on Wednesday, May 28, 2008 in San Francisco. Stockholders of the Company will be sent a Notice of Annual Meeting and Proxy Statement prior to the meeting.
Stockholders are entitled to present proposals for action at stockholder meetings if they comply with our bylaws and the requirements of the proxy rules promulgated by the Securities and Exchange Commission. To be eligible for inclusion in the Company's proxy statement that will be sent by the Company to stockholders in connection with the 2008 Annual Meeting, a stockholder proposal submitted under Rule 14a-8 must be received at the Company's principal executive offices, 26 Broadway, Suite 960, New York, NY 10004, Attention: Denis G. Gagnon, Corporate Secretary, no later than the 10th day following the date of this press release. For a proposal to be properly brought before the 2008 Annual Meeting by a stockholder, such proposal must be received at the Company's principal executive offices, 26 Broadway, Suite 960, New York, NY 10004, Attention: Denis G. Gagnon, Corporate Secretary, no later than the 10th day following the date of this press release. The foregoing time limits also apply in determining whether notice is timely for purposes of rules adopted by the SEC relating to the exercise of discretionary voting authority with respect to proxies.
About MMC Energy, Inc.:
The Company acquires and actively manages electricity generating and energy infrastructure-related assets in the United States. The Company is traded on the NASDAQ Global Market in the United States.
The Company's mission is to acquire, directly or through joint ventures, a portfolio of small to mid-size natural gas fueled electricity generating assets, generally below 250 megawatts or "MW."
The Company creates long-term value for its shareholders through disciplined asset acquisitions and hands on post-acquisition asset management. The Company actively invests in electricity assets which provide essential services to key transmission constrained markets such as California, where regulatory capacity requirements and a lack of local electricity supplies make peak electricity generation facilities valuable.
To date, the Company has acquired three electricity generating assets in California, totaling 110 MW of capacity. The Company is currently in the process of upgrading two of these assets, the 100 MW MMC Chula Vista Upgrade and the 50 MW MMC Escondido Upgrade, both located in San Diego County, California, and upgraded from their current configuration at a capacity of 44MW each.