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HomeMy WebLinkAbout20101007XRG to PAC 1-25.pdfPeter J. FUchardson Grgory M. Adais FUchardson & O'Lear, PLLC 515 N. 27th Street P.O. Box 7218 Boise, Idaho 83702 Telephone: (208) 938-7901 Fax: (208) 938-7904 peter~chardsonandolear.coin greg~chardsonandolear.coin t7; ¡ .~. v ioin OCT - 7 AM 8: 00 Attorneys for Complainants XRG-DP-7, XRG-DP-8, XRG-DP-9, XRG-DP-1O, LLCs BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION XRG-DP-7, XRG-DP-8, XRG-DP-9, XRG-DP- )10, LLCs, )Complainants, ) ) ) ) ) ) ) ) ) ) vs. PACIFICORP, DBA ROCKY MOUNTAIN POWER, Defendant. Case No. PAC-E-10-08 RESPONSES OF XRG-DP-7, XRG-DP- 8, XRG-DP-9, XRG-DP-IO, LLCs, TO ROCKY MOUNTAIN POWER'S FIRST SET OF PRODUCTION REQUESTS XRG-DP-7, XRG-DP-8,XRG-DP-9, XRG-DP-1 0, LLCs (collectively "XRG" or "Complainants") hereby submits the followìg information in response to the production request of Rocky Mountain Power dated September 10,2010: PRODUCTION REQUEST NO. i Please identify all individuals that represented XRG in negotiations with Rocky Mountain Power for the power purchase agreements (PP As) requested by XRG for the XRG projects in 2009 and 2010. Please describe the role played by each such representative. XRG RESPONSE TO REQUEST NO. i Peter Richardson as attorney for XRG. James Carkulis as principal in XRG. Colln Rudeen as engieer for XRG. XRG Responses to Rocky Mountain Power First Production Request 1 PRODUCTION REQUEST NO.2 Refer to Exhibit A to this Production Request, containing all written correspondences between Rocky Mountain Power and XRG between Janua 21, 2009 and July 29,2010 (the date of XRG's Complaint) regarding XRG's PP A request for the XRG projects. Does XRG acknowledge tht it either sent or received each of the correspondences contained therein? If not, please note any it did not send or receive. Please provide a copy of any correspondence between XRG and Rocky Mountan Power during that period that is not already included in Exhibit A. XRG RESPONSE TO REQUEST NO.2 XRG acknowledges that it either sent or received each of the correspondences contained in Exhbit A. XRG is aware of no additional wrtten correspondences between the pares. XRG Responses to Rocky Mountain Power Firt Production Request 2 PRODUCTION REQUEST NO.3 Please provide copies of all internal communcations, and any other documents or inormation in XRG's possession or Exergy's possession regarding XRG's requests for PP As for the XRG projects. XRG RESPONSE TO REQUEST NO.3 XRG objects to ths request as unduly burdensome, and on the grounds that it calls for irrelevant materiaL. XRG Responses to Rocky Mountain Power First Production Request 3 PRODUCTION REQUEST NO.4 Please provide the naie and employer of all persons in each of the following categories with whom Jaies Carkulis or any other representative(s) ofXRG or Exergy discussed the XRG projects, in writig or otherwse, since Januar 21, 2008; please provide the time periods of such communcations. a. reresentatives of potential lenders to Exergy or XRG of money to be used to build the XRG projects b. representatives of potential owners/investors in the XRG projects c. representatives of potential builders of the XRG projects d. representatives ofjoint ventues of Exergy or XRG involved in the XRG projects e. Cassia County permtting authorities XRG RESPONSE TO REQUEST NO.4 XRG objects to this request as unduly burdensome, and on the ground that it calls for irrelevant material. XRG Responses to Rocky Mountain Power First Production Request 4 PRODUCTION REQUEST NO.5 Please provide copies of all communcations between any representative of XRG or Exergy and each of the persons listed in Request NO.4 concerning the XRG projects, since Januar 21,2008. XRG RESPONSE TO REQUEST NO.5 XRG objects to this request as unduly burdensme, and on the ground that it calls for irelevant materiaL. XRG Responses to Rocky Mountain Power Firt Production Request 5 PRODUCTION REQUEST NO.6 Please provide copies of all communcations between any representative of XRG or Exergy and the Bonnevile Power Adminstration concerng the XRG projects. Does XRG curently have: (1) rights to interconnect the XRG projects to Bonnevile Power Admnistration's (BPA's) system; and (2) firm rights to deliver all output from the XRG projects across BP A's system to PacifiCorp at Brady? Did XRG control such rights on July 29, 2010; March 15,2010; November 10,2009; October 2,2009; or Januar 21, 2009? (Please answer separately for each date). XRG RESPONSE TO REQUEST NO.6 XRG's communications with BPA are attched hereto. XRG Responses to Rocky Mountain Power First Production Request 6 Colln Rudeen From: Sent: To: Subject: Attchments: Taylor,Eric K - TSE-TPP-2 (ektaylor~bpa.govl Monday, May 03, 2010 1 :58 PM Colln Rudeen Exergy Exergy Development request Itr 04142010341. pdf Here is the letter that was sent on April 14th, thanks! Eric 1 j )) ...Department of Energy Bonneville Power Administration P.O. Box 61409 Vancouver. WA 98666-1409 TRSMISSION SERVICE . April 14,2010 In reply refer to: TSEfPP-2 Mr. Colln Rudeen, Lead Project Engineer Exergy Development Group of Idaho, ric 802 W. Bannock, Suite 1200 Boise, ID 83702 Dear Mr. Rudeen: Exergy Development Group of Idaho, LLC (Exergy) submitted two Small Generator Interconnection requests to the Bonneville Power Admnistration (BPA). BPA received these requests on March 12, 2010, via E-m3i1 and entered them in the Generator Interconnection Queue as Request No's G0411 and 0012 (Requests). Each request seeks interconnection of 20 MW of wind generation in Cassia County, Idao. . BPA reviewed the infonnation provided with these Requests and .has deemed your Requests as Withdrawn per Section 3.4.2. of BPA's Small Generator Interconnection Procedures (SGIP) Business Practice. More speifically ,these Requests share the same Site Control and Point of Interconnection with Request 00395, which per BPA's SGIP Business Practice maes 0011 and 00412 ineligible to qualify as small generator requests. BPA wil proceed with retung the two $2,500 application deposits to Exergy. If you have any questions, please contact me at (360) 619-6014. Sincerely,~¡lC¿ Eric K. Taylor Transmission Account Executive Transmission Sales Collin Rudeen From: Sent: To: Subject: Attchments: Taylor,Eric K - TSE-TPP-2 (ektaylor~bpa.govl Thursday, October 29, 2009 3: 15 PM 'colln.rudeen~gmail.com' Transmission InfOrmation get. pdf Hi Colln, Per our conversation this morning, below is some information related to acquiring trnsmission service from BPA The attached pdf is BPA's business practice related to acquiring transmission service. Also, the link below wil take you to all of the info that Exergy needs to submit in order to become a transmission customer. http://ww.transmission. bpa.gov/Business/customer infolbecomingacustomer. cfm Please feel free to give me a call anytime if you have any questions/concerns, thanks! Eric K. Taylor Transmission Sales Transmission Account Executive 360-619-6014 (Offce) 503-729-6992 (Cell) 360-619-6940 (Fax) ektaylor'âbpa.gov 1 _._...-...~-BONNEVILLE POWER ADMINISTRATION New Customer Application Process for Transmission Service, Version 1 Posted: May 12, 2009 Effective: May 12, 2009 This Business Practice describes the requirements that an Eligible Customer must nieet to become a Transmission Services' Customer (Customer), able to request transniission servce. The New Customer Application Process for Transmission Service Business Practice is the result of separating the Application Process for Transmission Service into two business practices: New Customer Application Process for Transmission Service and Requesting Transmission Service. This Business Practice replaces the Becoming a New BPA Transmission Services Customer web page and includes all the web page information. Table of Contents 1 Policy Referen.ce .............................................................................."........ 2 2 Definitions.................................................................. ........ ................... 2 3 Application Information Required........................................... ........................ 2 4 Execution of a Transmission Servce Agreement............................................ 4 4 Related Business Practices: .............................................. .......................... 4 1 Policy Reference This Business Practice implements the following sections of the Transmission Services Open Access Transmission Tariff (OArr) or its successors. ~ OArr Sections: 1.12, 17, 29, Attachment A and Attachment F 2 Definitions Unless otherwise defined herein, capitalized terms are defined in Transmission Services' OATT, Rate Schedules, and/or Federal Energy Regulatory Commission (FERC) Open Access Same-Time Information System (OASIS) status codes. 2.1 Business Day: Any weekday (Monday through Friday) that is not a United States Federal Holiday. 2.2 Close of Business: 5:00 p.m. Pacific Prevailng Time 2.3 Date of Tender: The day that the Customer receives an offer for transmission service from Transmission Services. If that day is a Saturday, Sunday or Federal Holiday, the Date of Tender is the next Business Day. 2.4 Federal Holidays: Days when the Federal Government is closed for business and include New Year's Day, the birthday of Martin Luther King, Jr., the birthday of George Washington, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day, and Christmas Day. 3 Application Information Required 3.1 An Eligible Customer must establish itself as a Customer prior to requesting Transmission Servce. To initiate this process, the Eligible Customer must call Transmission Services (360-619-6016) and request the assignment of a Transmission Services Account Executive who wil assist in the application process. 3.2 An Eligible Customer who is not yet a Transmission Services Customer and who wishes to request Transmission Service must submit to Transmission Services the information listed below. Transmission Services requires separate Service Agreements for Point-to-Point Transmission Servce (PTP) and Network Integration (NT) Transmission Servce. 3.2.1 A D-U-N-S(ß number from Dun and Bradstreet at httDs:/ /eupdate.dnb.com/reguestoptions.asp. This number wil be used to identify the Customer electronically when submitting a Transmission Service Request (TSR) on OASIS. 3.2.2 If the Eligible Customer is seeking PTP Service or NT Service and is required to submit transmission schedules and e- Tags then they must register with the North American Electric Reliabilty Council (NERC) as a Transmission Contract Holder (TCH) or Purchase-Sellng Entity (PSE) (if applicable). NERC offers online registration on their web site at www.tsin.com.This step must be completed before step 3.2.3. New Customer Application Process for Transmission service, V1 Page 2 of 4 3.2.3 Register to obtain an Open Access Technology International, Inc. (OATI) digital certificate. Access the OATI site at www.oatioasis.com/bpat/ and click the registration option or contact OATI at 763-201-2000. 3.2.4 Complete, print, sign, and submit all customer application forms listed below. These can be found on the Transmission Services Business Practice website: http://www . transmission. bpa.gov /Business/Business Practices/ default.cfm 3.2.4.1 Credit Application - Transmission 3.2.4.2 Customer Data Entry Agreement 3.2.4.3 Customer Web Interface (CWI) Agreement, Terms, and Conditions 3.2.4.4 Real Power Loss Provider Form 3.2.4.5 Transmission Customer Contact Information 3.2.4.6 Signed and dated W-8Ben Certificate of Foreign Status of Beneficial Owner for US Tax Withholding (This document is required if a parent company of the Eligible Customer is headquartered in a foreign country). 3.2.4.7 Signed and dated Substitute IRS Form Wge Request for Taxpayer Identification Number and Certification, complete with bank wiring account information (under Vendor Express Enrollment). As a Federal Agency Bonnevile Power Administration is required to wire all customer refunds. 3.3 Submit all application forms described above to the assigned Transmission Account Executive, using one of the following methods: US Postal Servce to: Bonneville Power Administration Transmission Marketing and Sales - TSE-TPP-2 P.O. Box 61409 Vancouver, WA 98666-1409 Overnight Delivery Service to : Bonnevile Power Administration Transmission Marketing and Sales - TSE-TPP-2 7500 NE 41st Street, Suite 130 Vancouver, WA 98662-7905 Required Phone Number (360) 619-6016 Facsimile (fax) to: (360) 619-6940. Email to: TxRequests~bpa.gov. Enter APPLICATION in the subject line of the emaiL. This email address provides an automated reply indicating that the application was received. 3.4 If the Eligible Customer returns the above forms by fax or e-mail, Transmission Servces must receive the original signed hardcopies of the forms within five Business Days after the date of the fax or e-maiL. New Customer Application Process for Transmission Service, V1 Page 3 of 4 z 3.5 If the Eligible Customer wil be using a Scheduling or Reservation Agent it must also satisfy the requirements for SCheduling Agent and Reservation Agent in the Reservation and Scheduling Agent Business Practice. 4 Execution of a Transmission Service Agreement 4.1 After an Eligible Customer meets all the requirements in Section 3 above, Transmission Servces wil offer the Customer a Service Agreement (SA), whith includes applicable Exhibits (See Attachments A and F of the OA TT for examples of PT and NT contracts and Exhibits). 4.2 An Eligible Customer must sign and return the hardcopy SA to Transmission Servites at the address listed above in Section 3 by Close of Business on the 15th calendar day after the Date of Tender. The due date for the SA wil be included in a cover letter accompanying the SA. 4.3 After the Eligible Customer meets all requirements in Section 3 above and receives an original signed SA by Transmission Services and the Customer, it wil be able to submit a TSR through OASIS. See the Requesting Transmission Service Business Practice posted at http://www.transmission.bpa.gov/Business/Business Practices I 5 Related BPA Transmission Servces Business Practices: Transmission Servces' Business Practices are available on the Transmission Servites web page at http://www.transmission.bpa.gov/Business/Business Practites/. See the following related Business Practices: 5.1 Creditworthiness 5.2 Real Power Loss Return 5.3 Requesting Transmission Servite 5.4 Reservation and Scheduling Agent New Customer Application Proces for Transmission service, V1 Page 4 of 4 Colln Rudeen From: Sent: To: Subject: Cosola,Anna M - TPC- TPP-4 (amcosola~bpa.govl Wednesday, December 16,20094:12 PM Colln Rudeen RE: G0388: Badger PeaklG0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI Scoping Meeting Hi Collin, The sis Agreements went out today via Fed Ex so you should see them tomorrow or Friday. As for the Agreements needed with Raft River & Idaho Power, I'l have to direct your question to James Hal. I'll have him get back to you on that. Thans, Anna From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) sent: Wednesday, December 16, 2009 1:46 PM To: Cosola,Anna M - TPC-TPP-4 Subjec: RE: G0388: Badger Peak/G0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI Scoping Meeting Anna, Have you had a chance to draw up SiS agreements yet? Also, I think you guys were going to find out what kind of agreements we might also need to make with Raft River and Idaho Power. Just wanted to check in. Thanks, Colln -----Original Appointment----- From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) sent: Tuesday, Deember 01,2009 1:56 PM To: Taylor,Eric K - TSE-TPP-2; Hall,James L - TPC-TPP-4; Fiedler,Paul A - TP-TPP-4; Lynard,Gene P - KEC-4; Furumasu,Larry A - TPP-OPP-3; Realica,Antoinette V - TPM-OPP-3; Colln Rudeen; Cutter,Jeffrey A - TPM-OPP-3 Cc: Stolz,Jennifer P - KEC-4 Subject: Updated: G0388: Badger Peak/G0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI Scoping Meeting When: Tuesday, December 08t 2009 11:00 AM-12:30 PM (UTC-07:00) Mountain Time (US & canada). Where: One Park Place Rm 352V To connect to the Ross Telephone Bridge please call extension 8001, (360 - 418-8001). When you hear the welcome message, enter the pass code 1955 , followed by the # sign. The number of callers requested for this conference is 6 . If you experience any problems, please call extension 8888 (360 - 418-8888). If this bridge is being used for sensitive or private meetings, you may wish to remove the pass code references from your calendar. 1 Audio Conference InfOrmation: Bridge Name: ROSSBRDG Participant Code: 1955 Local: S001 Remote: 360-41S-S001 -c-c File: Scoping Meeting Agenda_Exergy.doc :::: 2 Colln Rudeen From: Sent: To: Cc: Subject: Taylor,Eric K - TSE-TPP-2 (ektaylor~bpa.govl Monday, April 07, 2008 9:20 AM Colln Rudeen Robert A. Paul; Peter Richardson; Holl High; james; larry RE: Malta layout update Thank you Collin! I'LL pass this on to our study folks. Take care. Eric From: coUin.rudeen(Qgmail.com (mailto:coUin.rudeen(Qgmail.com) On Behalf Of CoUin Rudeen set: Thursay, April 03, 2008 11:18 AM TO: Taylor,Eric K - TSE-TPP-2 Cc:: Robert A. Paul; Peter Richardson; Holl High; James Carkulis; Lawrenæ R. Leib Subjec: Malta layout update Eric, Here is our most curent layout for the Malta project. The blue dots represent WTG locations. These could change as our understading of the wind regime grows, but will be generally confined to these areas. I've also got the two trsmission lines in the area - let me know if I'm mistaen about these. Please let me know how ths may affect your study or if there is anytng else I can assist with. Regards, Colln Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Banock, ste 1200 Boise, ID 83702 ph: 208.336.9793 crudeen~exergydevelopment.com Ths electronic or printed document contais information which (a) may be LEGALLY PRIVILEGED, PROPRITARY IN NATURE, OR OTHERWISE PROTECTED BY LA W FROM DISCLOSUR, and (b) is intended only for the use of the Addressee(s) naied above. If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distrbution or copying of ths communcation is strctly prohibited. If you have received this communication in error, please imediately notify us by telephone, and retu the original message to us at the above address. 1 Colln Rudeen From: Sent: To: Subject: Attchments: Cosola,Anna M - TPC- TPP-4 (amcosola~bpa.govl Wednesday, September OS, 20109:12 AM Collin Rudeen RE: Address for Sending Payment (BPA) image001.jpg Hi Colli, Please send the Agreement to the Vancouver address listed on the cover letter. I'm not sure what would happen to it in Californa. ;-) The Agreement for G0388 was mailed yesterday or wil be maied today. Eric Taylor's personal assistant notified me yesterday that the Agreement has been reviewed and they will be sending it shortly. Thans, Ana From: Colln Rudeen (mailto:crudeen(Qexergydevelopment.com) set: Wednesday, september OS, 2010 7:36 AM To: Cosola,Anna M - TPC-TPP-4 Subjec: RE: Address for sending Payment (BPA) Thanks, Anna. Do you want just the check sent there, or both the check and the agreement? Colln Rudeen Lead Project Engineer 802 W Bannock, 12th Floor Boise, 10 83702 Offce: 208.336.9793 www.exergydevelopment.com ¡his electrohic or printed document contains information whích (a) may be lEGAllY PRIVilEGED, PROPRIETARY IN NATURE. OR OTHERWISË PROTECTËD BY LAW FROM DISCLOSURE, ånd (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended recipient, or the employee or agent responsible to delíver it to the intended recipient, you are hereby notified that any dissemination. distribution or copying of this communication is strictly prohibited If you have received this communication in error, please immediately notify us by telephone, and return the origínal message to us at the above email address Thank you. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(Qbpa.gov) sent: Tuesday, september 07, 2010 10:04 AM To: Colln Rudeen Subjec: Address for sending Payment (BPA) Good mornig, 1 Below is the address for sendig study deposit checks to BPA. Payment is not acknowledged until it reaches the BPA lockbox so by sendig the check diectly to the address below wil save us the step of sendig it if we were to receive it here. Bonneville Power Admstration P.O. Box 301507 Los Angeles, CA 90030-1507 If you have any questions, feel free to call me. Thans, Ana 2 Colln Rudeen From: Sent: To: Subject: Attchments: Cosola,Anna M - TPC- TPP-4 (amcosola~bpa.govl Monday, August 02, 2010 11 :51 AM Colln Rudeen BPA's SGI Business Practice SGI Business Practice. pdf Hi Collin, Paul Fiedler informed me that you needed a copy of BPA's Small Generator Interconnection Business Practice. I've attached a copy for your reference. Please let me know if you have any questions. Thans,Ana 1 Colln Rudeen FroM: Sent: To: Subject: Cosola,Anna M - TPC- TPP-4 (amcosola~bpa.govl Monday, August 02, 2010 11 :08 AM Colln Rudeen G0388 Badger PeaklG0395 Bonanza Bar: Exergy Development Group of Idaho, LLC, ISiS Review Mtg (SGI) Hi Coll, I want to apologize for the mi-up last week. Apparently, some of the reqUied parcipants who 'accepted' the meetig notice decided to take leave without notifyig me or the other parties. I sent an e-mai to these individuals expressing my frustration. It was very unprofessional and, agai, I'm sorry for the problems it caused. Sincerely, Ana Cosola 1 Colln Rudeen From: Sent: To: Subject: Attchments: Cosola,Anna M - TPC- TPP-4 (amcosola~bpa.gov) Wednesday, July 14, 2010 2:23 PM Colln Rudeen RE: G0388: Badger Peak - System Impact Study Report Review Mtg image001.jpg I'll pull Up all the schedules and see how they look. Thans! Yes, Pacific time. From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) sent: Wednesday, July 14, 2010 1:21 PM To: Cosola,Anna M - TPC-TPP-4 Cc: larry SUbjec: RE: G0388: Badger Peak - System Impact Study Report Review Mtg Anna, let's go for the 2ih at 1:00, if it's still open. Thanks, Colln Rudeen Lead Project Ëngineer 802 W Bannock, 12th Floor Boise, 1083702 Offce: 208.336.9793 vlJlW .exergydevelopmenl.com ThiS electronic or printed document contains information whiCh (a) may bé LËGALL Y PRIVILEGED. PROPRIETARY IN NATURE. OR OTHERWISE PROTECTED BY LAW FROM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient. you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communiCation in error, please immediately notify us by telephone. and return the original message to us at the above email addresS. Thank you From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) Set: Tuesday, July 13, 2010 10:31 AM To: Colln Rudeen Subject: RE: G0388: Badger Peak - System Impact Study Report Review Mtg Thans Collin! From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) set: Tuesday, July 13, 2010 9:31 AM To: Cosola,Anna M - TPC-TPP-4 Subject: RE: G0388: Bager Peak - System Impact Study Report Review Mtg Thanks, I'll see what I can do. i Á )iA ,l exe Colln Rudeen Lead Project Engineer 802 W Bannock, 12th Floor Boise, 10 83702 Office: 208.336.9793 This electronic br printed doqiment cbntains infotmation which (a) may be lEGAllY PRIVilEGED. PROPRIETARY IN NATURE, OR OTHERWISE PROTEctED 8Y lAW FROM DISCLOSURE. and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended redpient. or the emplòyee Ot agent responsible to deliver it to the intended recipient. you are hereby notified that any dissemination. distribution or copying of this communication is strictly prohibited If you have received this communication in error, please immediately notify us by telephone. and return the original message to us at the above email address. Thank you. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) sent: Tuesday, July 13, 2010 10:29 AM To: Collin Rudeen SUbje: RE: G0388: Badger Peak - System Impact Study Report Review Mtg Not to rush you but since it's vacation season, I don't want those timeslots fillng up with other meetigs. So if you could get back to me by tomorrow, that would be great! From: Collin Rudeen (mailto:crudeen(Qergydevelopment.com) set: Tuesday, July 13, 2010 8:25 AM To: Cosola,Anna M - TPC-TPP-4 SUbject: RE: G0388: Badger Peak - System Impact Study Report Review Mtg Thanks, Anna. I'll get back to you as soon as I can. AJ. .. exe y Collin Rudeen Lead Project Engineer 802 W Bannock, 12th Floor Boise, 1083702 Office: 208.336,9793 V'W. e xergy develo pm ent. com This electronic or pnnted document contains information which (a) may be lEGAllY PRIVilEGED, PROPRIETARY IN NATURE, OR OTHËRWISE PROtECtED BY lAW FROM DISCLOSURE, and (b) is intended oniy for the use of the Addressee(s) named ¡¡bove If the reader of this message is not the intended recipient, or the employee or ¡¡gent responsible to deliver it to the intended recipient. you are hereby notified that any dissemin¡¡tion. distribution or copying of this communication is strictly prohibited If you have received this communication in error. please immediately notify us by telephone, and return the original mess¡¡ge to us at the above email address. Th¡¡nk you From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) sent: Monday, July 12, 2010 9:38 AM To: Colln Rudeen Cc: Dustin Shively; James carkulis; larry Subjec: RE: G0388: Badger Peak - System Impact Study Report Review Mtg Collin, Here are the dates/timeframes that work so far. Let's plan on a 1.5 hour meeting. Tuesday, July 27th, 9:00am - 10:30am or 1:00pm - 2:30pm Wednesday, July 28th, 1:00pm - 3:30pm Thursday, July 29th, 2:00pm - 4:00pm 2 Let me know which date works best for you and I'll prepare a meeting notice. Than you,Ana From: Colln Rudeen (mailto:crudee(Qxergydevelopment.com) set: Monday, July 12, 2010 7:56 AM To: Cosola,Anna M - TPC-TPP-4 Cc: Dustin Shively; James carkulis; larry Subjec: RE: G0388: Badger Peak - System Impact Study Report Review Mtg Hi Anna, I think we may as well go over both reports at the same time, in that 19th through 30th timeframe like you mentioned. Should we be receiving å i:acility Study Application, or is this something to be discussed next week? Thanks, Colln Rudeen Lead Project Engineer 802 W Bannock, 12th Floor Boise, 10 83702 Office: 208.336.9793 www.exergydevelopment.com ThiS e!ectronicör printed document contoins information which (a) rnay be LEGALLY PRIVILEGED P~OPRIETARY IN NATURE. OR OTHE~WISË F'ROTECTED BY LAW FROM DISCLOSURE. and (b) is intended only for the use of the Addressee(s) named åbove. If the reader of this message is not the intended recipient. ör the ernployee or agent responSible to deliver it to the intended recipient. you are hereby notified that any dissemination. distribution or copying of this communication is strictly prohibited If you have received this Comrnunication in error, please imrnediately notify us by telephone, and return the original message to us at the above email address Thank you From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(Qbpa.gov) set: Monday, July 12, 2010 8:51 AM To: Collin Rudeen SUbject: G0388: Badger Peak - Systm Impac Study Report Review Mtg Hi Colli, You should have received a copy of the Interconnection System Impact Study (ISiS) Report, for the above Request, on or around July 1, 2010. Since the ISIS Report for G0395 is scheduled to be completed on July 15th, would you like a review meeting scheduled to go over both reports or schedule them separately? The Planer just informed me that the study report for G0395 wi be out early this week. If this is acceptable to you, I will check avaiable dates in the july 19th through July 30th tieframe and get somethig scheduled. Let me know your thoughts on this. Than you, Ana Cosola 3 Bonnevie Power Admstration (360) 619-6047 4 Collin Rudeen From: Sent: To: Subject: Cosola,Anna M - TPC- TPP-4 (amcosola~bpa.govl Thursday, November 05, 2009 3:15 PM Colln Rudeen RE: SPA Hi Collin, That was easier than I thought. The first person I caled knew where to fid it. :0) I contacted our Vendor Maintenance department and gave them your Tax ID number off the W9 you sent me and it's the same. Badger Peak it is! Thanks! On Monday, I'l be contacting you with potential dates to schedule a scoping meetig. I will also be sending you a letter confirming your request. In that letter I wil want to address the additional $2500.00 you sent to BPA. Do you know if you'l be submitting a second request? We can apply it to that, or the first study for this request. Let me know. Thans, Anna From: Colln Ruden (mailto:crudeen(Qexergydevelopment.com) set: Thursay, November 05, 2009 1:39 PM To: Cosola,Anna M - TPC-TPP-4 Subjec: RE: SPA Hi, Anna. I think we'll just change the name to Badger Peak. How do we make sure that you have the right Tax ID number in your system? Regards, Colln Rudeen lead Project Engineer Exergy Technology Concepts 802 W Bannock, ste 1200 Boise, ID 83702 ph: 208.429.1499 crudeen (gexergydevelopment.com 1 This electronic or printed document containS information which (a) may be LEGALLY PRIVILEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FROM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify us by telephone, and return the original message to us at the above address. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) set: Tuesday, November 03, 2009 8:43 AM To: CoUin Rudeen Subject: RE: BPA Hi Collìn, One other thing... we aleady have a project ìn our queue named 'Horse Butte", and sìnce we post al requests by queue number and project name, to avoid confusion, we'll need to change your project name slightly. It could be as simple as addìng your name to the beginìng "Exergy's Horse Butte" or if you have any other ideas? Thanks, Anna From: CoUin Rudeen (mailto:crudeen(§exergydevelopment.com) Sent: Monday, November 02,20093:25 PM To: Cosola,Anna M - TPC-TPP-4 Subject: RE: BPA Great, thanks. Regards, Colln Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Bannock, ste 1200 Boise, ID 83702 ph: 208.429.1499 crudeen(gexergydevelopment.com This electronic or printed document contains information which (a) may be LEGALLY PRIVILEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTECTED BY 2 LAW FROM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is nötthe intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify us by telephone, and return the original message to us at the above address. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(Qbpa.gov) Sent: Monday, November 02,20094:15 PM To: Colln Rudeen SUbjec: RE: BPA Sure, that would be fine. From: Colln Rudeen (mailto:crudeen(Qexergydevelopment.com) Sent: Monday, November 02,20093:07 PM To: Cosola,Anna M - TPC-TPP-4 Subjec: RE: BPA Second project - neW interconnection point, new queue position. Regards, Colln Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Bannock, ste 1200 Boise, ID 83702 ph: 208.429.1499 crudeen(aexergydevelopment.com This electronic or printed document contains information which (a) may be LEGALLY PRIVILEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FROM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify us by telephone, and return the original message to us at the above address. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) set: Monday, November 02,20094:04 PM To: Colln Rudeen Subject: RE: BPA 3 Do you mean the fist study (Feasibility Study, System Impact Study or Facility Study? I'm not sure if I know what you mean by second study. Thans, Anna From: Colln Rudeen (mailto:crudeentWexergydeveJopment.com) sent: Monday, November 02,20092:54 PM To: Cosola,Anna M - TPC-TPP-4 Subje: RE: BPA Hi Anna, Is it possible to apply the extra $2,500 to a second interconnection study? Regards, Colln Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Bannock, ste 1200 Boise, 1083702 ph: 208.429.1499 crudeen.(§exergydevelopment.com This electronic or printed document contains information which (a) may be LEGALLY PRIVILEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FROM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify us by telephone, and return the original message to us at the above address. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(gbpa.gov) sent: Monday, November 02,20093:09 PM To: Colln Rudeen Subjec: BPA Hi Cullen, I wanted you to have my e-mail address in case you'd rather e-mail me information rather than call. Thanks, 4 Anna Cosola SOL Administrator Bonneville Power Administration 5 Colln Rudeen From: Sent: To: Subject: Cosola,Anna M - TPC- TPP-4 (amcosola~bpa.govl Tuesday, November 03, 2009 7:50 AM Colln Rudeen RE: New Vendor Form Great... that's al I needed. The reason I asked is that someties customers will come back a second tie but have changed their name slightly, (we don't have 'of Idaho' in our database but that could just be a clerical error). But as long the Tax ID number is the same, we are good to go! I couldn't check on your Tax ID number in our system because I don't have access to that information. Thanks, Anna From: Colln Rudeen (mailto:crudeen(gexergydevelopment.com) Sent: Monday, November 02, 2009 3: 59 PM To: Cosola,Anna M - TPC-TPP-4 Subject: RE: New Vendor Form Anna, can you also double-check that we need to fill out the new vendor form? Looks like Exergy Development Group of Idaho has done business with BPA before? See attached letter. Regards, Colln Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Bannock, ste 1200 Boise, 1083702 ph: 208.429.1499 crudeen é'exergydevelopment.com This electronic or printed document contains information which (a) may be LEGALLY PRIVILEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FRUM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify us by telephone, and return the original message to us at the above address. 1 From: Cosola,Anna M - TPC-TPP-4 (maHto:amcosola(§bpa.gov) Sent: Monday, November 02,20094:02 PM To: Colln Rudeen SUbject: New Vendor Form Collin, I apologi for the incorrect spellng of your name in my first e-maiL. I'm not sure what i was thinkg, or possibly not thinking at al. ; -) Attached is the New Vendor Form I taled to you about. I aleady have your W9, so if you just complete the second form on the attached that would be great. Thanks, Anna Cosola From: Colln Rudeen. (mailto:crudeen(§exergydevelopment.com) Sent: Monday, November 02,20092:19 PM To: Cosolå,Anna M - TPC-TPP-4 SUbjec: RE: BPA Thanks, Anna. Regards, Colln Rudeen Lead Project Engineer Exergy Technoiogy Concepts 802 W Bannock, ste 1200 Boise, 1083702 ph: 208.429.1499 crudeenêexergydevelopment.com This electronic or printed document contains information which (a) may be LEGALLY PRIVILEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FROM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please 2 immediåtely notify us by telephone, and return the original message to us at the above address. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) set: Monday, November 02,20093:09 PM To: Colln Rudeen Subjec: SPA Hi Cullen, I wanted you to have my e-mail address in case you'd rather e-mail me information rather than calL. Thanks, Anna Cosola SGI Administrator Bonneville Power Administration 3 Colln Rudeen From: sent: To: Subject: Cosola,Anna M - TPC- TPP-4 (amCosola~bpa.govl Monday, March 15, 2010 3:26 PM Colln Rudeen RE: SGI Request - Connor Ridge You made me chuckle and that's a good thg for a Monday. Have a great day! Ana Your Requests have been posted as: G0411 Connor Ridge G0412 Chapin Mountai From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) sent: Monday, March LS, 2010 2:17 PM To: Cosola,Anna M - TPC-TPP-4 Subject: RE: SGI Request - Connor Ridge Dang it! Thanks for the address though. As you now know, I'll have two manila envelopes to you shortly. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) se: Monday, March LS, 2010 3:14 PM To: Colln Rudeen SUbjec: RE: SGI Request - Connor Ridge Oops :0) From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) set: Monday, March LS, 2010 2: 11 PM To: Cosola,Anna M - TPC-TPP-4 Subject: FW: SGI Request - Connor Ridge Amy, can you make two manila envelopes for the address below? Thanks. Colln From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) sent: Monday, March LS, 2010 2:40 PM To: Colln Rudeen Subjec: RE: SGI Request - Connor Ridge Here it is: Bonnevie Power Admstration 7500 NE 41St Street, Suite 130 Vancouver, WA 98662-7905 1 I hope your day is goin well. Take care, Ana From: Collin Rudeen (mailto:crudeen(gexergydevelopment.com) set: Monday, March 15, 2010 12:35 PM To: Cosola,Anna M - TPC-TPP-4 Subje: RE: SGI Request - Connor Ridge Anna, can you send me your address? Want to make sure it goes to the right place. Regards, Colln From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(gbpa.gov) set: Monday, March 15, 2010 8:37 AM To: Colln Rudeen Cc: James Carkulis Subjec: RE: SGI Request - Connor Ridge Good morng, No, just the check to the lockbox is fine. You can drop the request in the mai tome. Let me know if you have any futher questions. Thans, Ana From: Collin Rudeen (mailto:crudeen(gexergydevelopment.com) set: Monday, March 15, 2010 7:32 AM To: COsola,Anna M - TPC-TPP-4 Cc: James Garkulis Subject: RE: SGI Request - Connor Ridge Thanks, Anna. Do you want the requests themselves to go to that lockbox address as well? Colln From: Coola,Anna M - TPC-TPP-4 (mailto:amcosola(gbpa.gov) se: Monday, March 15, 2010 8:09 AM To: Colln Rudeen Cc: James Garkulis SUbje: RE: SGI Request - Connor Ridge 2 Hi Colli, We did have a change in our lockbox address. Effective Februar 15,2010, BPA's lockbox address for payments by check has been changed to: Bonnevie Power Admstration P.O. Box 301507 Los Angeles, CA 90030-1507 Yes, an e-mai request is acceptable but a hard copy in the mai withi 5 days would be appreciated. I'll get started on these requests. Thans, Ana From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) Set: Friday, March 12,2010 2:33 PM To: Cosola,Anna M - TPC-TPP-4 Cc: James Carkulis SUbje: SGI Request - Connor Ridge Anna, We'd like to file two new Small Generator Interconnection requests - Connor Ridge and Chapin Mountain (one more email to follow). They both interconnect to the same Minidoka.Unity 138 kV line as our Bonanza Bar project. let me know if you'd like hard-copies of our application. The deposit check should be delivered next week. Can you confirm that the below is the right place to send the check? Thanks! Bonnevile Power Administration Attn: 4196 5860 Uplander Way Culver City, CA 90230 Regards, Colln Rudeèn Lead Project Engineer Exergy Technology Concepts 802 W Bannock, ste 1200 Boise, ID 83702 ph: 208.336.9793 crudeencæexergydevelopment.com 3 This electronic or printed document contains information which (a) may be LEGALLY PRIVILEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FROM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify us by telephone, and retum the original message to us at the above address 4 Colln Rudeen From: Sént: To: SUbject: Cosola,Anna M - TPC- TPP-4 (amcosola~bpa.govl Tuesday, February 02,20102:45 PM Colln Rudeen RE: System Impact Study Agreements (Badger Peak/Bonanza Bar) Thans....I realy appreciate it! ;-) Have a great day! Ana From: Colln Rudeen (mailto:crudeen(§xergydevelopment.com) sent: Tuesday, February 02,20101:40 PM To: Cosola,Anna M - TPC-TPP-4 Subjec: RE: System Impact Study Agreements (Badger Peak/Bonanza Bar) Here's another for your ease of record keeping. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(Qbpa.gov) Set: Tuesday, February 02, 2010 2:26 PM To: Colln Rudee Subjec: RE: System Impact Study Agreements (Badger Peak/Bonanza Bar) Coll, Since this docuent is for both G0388 & G0395, could you add G0395 Bonanza Bar to the title and re-send it? This way we have it saved for both. Otherwse., it only shows we have this filed out for one request. Thans, Ana From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) sent: TuesdaYì February 02, 2010 1:23 PM To: Cosola,Anna M - TP-TPP-4 Subjec: RE: System impact Study Agreements (Badger Peak/Bonanza Bar) Anna, see the attached. Note that, as G0388 and G0395 are essentially the same configuration, this can apply to both projects. Obviously you will need more information for the facilty study, but I hope this wil suffce for now. Thanks, Colln From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(Qbpa.gov) Set: Tuesday, February 02,2010 11:15 AM To: Colln Rudeen Subject: RE: Sysem Impact Study Agreements (Badger Peak/Bonanza Bar) No, those aren't requied to start the studies. 1 Fil out what you can, putting an 'Nj A' next to the items that don't apply. Add a note next to #1 (Page 1) that states you do not have a one-lie diagram at this tie. If it's somethig that is needed later, I'Illet you know. Thans, Ana From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) sent: Tuesday, February 02, 2010 10:05 AM To: Cosöla,Anna M - TPC-TPP-4 Suje: RE: System Impact Study Agreements (Badger Peak/Bonanza Bar) Anna, yes we did get them. Do you have enough information to complete the SiS from the documentation I sent? We do not have the level of detail for some of the things you asked, such as the generation system one-line, with the BPA grid. Thanks, Colln From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) sent: Tuesday, February 02, 2010 9:24 AM To: Colln Rudeen Subje: RE: System Impact Study Agreements (Badger Peak/Bonanza Bar) Good morng Coll, Yes, we did receive them. Thans! Did we include the Anual Generation Data Certification forms in the two fed ex packages? I included them in my e-mai to the executive's office but, since they didn't come back With the signed Agreements, I thought perhaps they forgot to include them in the maier. The forms were to be completed and retued With the executed Agreements. If not, I can send you a .pdf of both docuents. Let me know. Thans, Ana From: Colln Rudeen (mailto:crudeen(§xergydevelopment.com) sent: Tuesday, February 02,20108:12 AM To: Cosola,Anna M - TPC-TPP-4 SUbjec: RE: System Impact Study Agreements (Badger Peak/Bonanza Bar) Hi, Anna, just wanted to make sure that you got the SiS agreements. Everyhing look OK? Thanks, Colln From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) Sent: Thursday, January 28, 2010 2:40 PM 2 TO: Colln Rudeen Subject: RE: System Impac Study Agreements (Badger Peak/Bonanza Bar) You're welcome! I'm glad it helped. :0) Have a great day. Ana From: Colln Rudeen (mailto:crudeen(§exergydevelopment.comJ set: Thursay, Januaiy 28, 2010 1:32 PM To: Cosola,Anna M - TPC-TPP..4 SUbjec: RE: System Impact Study Agreements (Badger Peak/Bonanza Bar) Anna, thanks for the reminder - it is easy to lose things in the shuffe, even important things. The agreements are in the mail, and should arrive tomorrow morning. Colln From: Cosola,Anna M - TPC..TPP-4 (mailt:amcosola(§bpa.govJ set: Thursay, January 28, 2010 2:30 PM To: Collin Rudeen Subje: System Impact Study Agreements (Badger Peak/Bonanza Bar) Hi Coll, I haven't seen the System Impact Studies come back from your office so I was just checkìg in. The due date is tomorrow (1/29). If you have aleady sent them or plan on doin so today, disregard my e-mai. I know how thigs can get lost in the shuffle so thought I'd send a quick remider. Give me a cal if you have any questions. Thans, Ana Cosola (360) 619..6047 3 Colln Rudeen From: Sent: To: Subject: Cosola,Anna M - TPC- TPP-4 (amcosola~bpa.govl Thursday, January 07, 2010 7:25 AM Colln Rudeen RE: Environmental studies Hi Collin, That would be great! I'll be watching for them. Anna Cosola (360) 619..6047 From: Colln Rudeen (mailto:crudeen(gexergydevelopment.com) SEt: Wednesday, January 06, 2010 3:24 PM To: Cosola,Anna M - TPC-TPP-4 Subje: Environmental studie Hi Anna, Meant to give you a call, but seemed to have misplaced your phone number. Just to let you know we're about to send back the Environmental Study Agreements for Bonanza Bar and Badger Peak. We'll have one check for each. let me know if you have any questions. Regards, Colln Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Bannock, ste 1200 BOise, ID 83702 ph: 208.336.9793 crudeen~exergydevelopmentcom This electronic or printed document contains information which (a) may be LEGALLY PRIVILEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FROM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify us by telephone, and retum the original message to us at the above address 1 Colln Rudeen From: Sent: To: Subject: Cosola,Anna M - TPC-TPP-4 (amcosola~bpa.govl Thursday, December 17, 2009 11: 13 AM Colln Rudeen RE: G0388: Badger PeaklG0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI Scoping Meeting Good News! Thanks for lettig me know. From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) set: Thursay, December 17, 2009.10:09 AM To: Cosola,Anna M - TPC-TPP-4 Subjec: RE: G0388: Badger Peak/G0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI Scoping Meeting Found it. Turns out the boss Was hiding it from me. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) Sent: Thursay, Dember 17, 2009 10:52 AM To: Colln Rudeen Subjec: RE: G0388: Badger Peak/G0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI Scoping Meeting I send the Agreements down to our Account Executive's office for legal review I signature. Once they've tendered the Agreement, the Personal Assistant Fed Ex's the Agreement to the customer. Then she'l inorm me via e-mai that the Agreement has been sent to the customer. I received notice from her yesterday that both went out...so that's why I'm assuming one may have gone out after the Fed Ex pickup at 3:00pm... but it's just my guess.... ;- ) Probably too much info, but in case you were wondering. Have a great day. :0) From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) Sent: Thursay, December 17, 2009 9:42 AM To: Cosola,Anna M - TPC-TPP-4 Subject: RE: G0388: Badger Peak/G0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI SCoping Meeing Ah, ok. Thanks. From: Cosola,Anna M ~ TPC-TPP~4 (mailto:amcosola(§bpa.gov) sent: Thursay, December 17, 2009 10:39 AM To: Collin Rudee Subjec: RE: G0388: Badger Peak/G0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI Scoping Meeting 1 The Agreement for G0388 was also Fed Ex'd to you yesterday. Possibly it was missed by the first Fed Ex pickup and wil be delivered later. From: Colln Rudeen (mailto:crudeen(gexergydevelopment.com) sent: Thursay, Deember 17, 20099:33 AM To: Cosola,Anna M - TPC"TPP-4 SUbjec: RE: G0388: Badger Peak/G0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI Scoping Meeting Anna, got the G0395 study agreement today, thanks. Do we need another one for G0388? Colln From: COSla,Anna M - TPC-TPP-4 (mailto:amcosola(gbpa.gov) set: Wednesday, December 16, 2009 4: 12 PM To: Colln Rudeen Subject: RE: G0388: Badger Peak/G0395: Bonanza Bar (Exergy Development Group of Idaho,LLC) SGI Scoping Meeting Hi Colln, The sis Agreements went out today via Fed Ex so you should see them tomorrow or Friday. As for the Agreements needed with Raft River & Idaho Power, I'll have to direct your question to James Hal. I'l have him get back to you on that. Thans, Anna From: Colln Rudeen (mailto:crudee(gexergydevelopment.com) se: Wednesday, December 16, 2009 1:46 PM To: Cosola,Anna M - TPC-TPP-4 Subjec: RE: G0388: Badger Peak/G0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI Scoping Meeting Anna, Have you had a chance to draw up SIS agreements yet? Also, I think you guys were going to find out what kind of agreements we might also need to make with Raft River and Idaho Power. Just wanted to check in. thanks, Colln -....--Original Appointment----- From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) Sent: Tuesday, December 01, 2009 1:56 PM To: Taylor,Eric K - TSE-TPP-2; Hall,James L - TPC-TPP-4; Fiedler,Paul A - TPC-TPP-4; Lynard,Gene P .. KEC"4; Furumasu,Larry A - TPP-oPP-3; Realica,Antoinette V - TPM-OPP-3; Colln Rudeen; Cuter,Jeffey A - TPM-OPP-3 Cc: Stolz,Jennifer P - KEC-4 SUbjec: Updated: G0388: Badger Peak/G0395: Bonanza Bar (Exergy Development Group of Idaho, LLC) SGI Scoping Meeing When: Tuesday, December 08,200911:00 AM-12:30 PM (UTC-07:00) Mountain Time (US & Canada). Where: One Park Place Rm 352V 2 To connect to the Ross Telephone Bridge please call extension 8001, (360 - 418..8001 ). When you hear the welcome message, enter the pass code 1955 , followed by the # sign. The number of callers requested for this conference is 6 . If you experience any problems, please call extension 8888 (360 - 418-8888). If this bridge is being used for sensitive or private meetings, you may wish to remove the pass code references from your calendar. Audio Conference Information: Bridge Name: ROSSBRDG Participant Code: 1955 Local: S001 Remote: 360-41S-S001 c:c: File: Scoping Meeting Agenda_Exergy.doc :::: 3 l~ Colln Rudeen From: Sent: To: Subject: Cosola,Anna M - TPC-TPP-4 (amcosola~bpa.gov) Tuesday, December 01,200912:16 PM Colln Rudeen RE: Exergy's 20 MW Request (Bonanza Bar) I checked our DJD's and there is a westerly 138 kV lie that rus from Minidoka to Unity. I'l list your POI as the "Minidoka-Unity 138KV lie". Thans for gettig back to me. Anna From: Colln Rudeen (mailto:crUdeen(§exergydevelopment.comJ set: Tuesdy, December 01,200910:49 AM To: CoSöa,Anna M - TPC-TPP-4 Subje: RE: Exergy's 20 MW Request (Bonanza Bar) Anna, There are two transmission 138 kV lines in that area. I believe the westerly line is the Minidoka to Unity line.. is that correct? That is the line we would like to connect to. Thanks¡ Collin From: Cosla,Aiina M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) sent: Wednesday, November 25, 2009 8:07 AM To: Colln Rudeen Subj: RE: Exergy's 20 MW Request (Bonanza Bar) Hi Coll, Were you able to determine an exact POI? I hope you have a nice Thansgiving! Thans, Anna From: Cosola,Anna M - TPC-TPP-4 sent: Tuesday, November 24, 2009 8:37 AM TO: 'Colln Rudeen' Subjec: RE: Exergy's 20 MW Request (Bonanza Bar) 1 Hi Collin For this second request, did you want to connect to Idahome Substation? If not, could you please identi a specific lie you'd lie to interconnect? We were able to pinpoint the coordinate you provided, but I need something more specific. Thans for your help! Anna From: Collin Rudeen (mailto:crudeen(§exergydeveiopment.com) Sent: Tuesday, November 24, 2009 7:30 AM To: Cosola,Anna M .. TPC-TPP-4 Subjec: RE: Exergy's 20 MW Request (Bonanza Bar) Thanks, Anna. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) Set: Tuesday, November 24, 2009 8:00 AM To: Colln Rudeen Subject: Exergy's 20 MW Request (Bonanza Bar) Hi Coll, We received Exergy's application for Bonan Bar, 20 MW request. I'l process your request and update the December 8th scoping meeting agenda to include this second request. Thans, Anna 2 Colln Rudeen From: Sent: TO: Subject: Cosola,Anna M - TPC- TPP-4 (amcosola~bpa.govl Thursday, November 19,200910:46 AM Collin Rudeen RE: G0388: Scoping meeting Since I'll be sending ths meetig notice out later this morning or afternoon (I'm waitig on telephone bridge confiration), it wi only address this one request. Once we receive your second request, I'll noti the meetig attendees that we'll be discussing both requests at this meetig and attach a revised Agenda. How does that sound? From: Colln Rudeen (maHto:crudeen(§exergydevelopment.com) Sent: Thursday, November 19, 20099:08 AM To: Cosola,Anna M - TPC-TPP-4 Subject: RE: G0388: Scoping meeting Anna, let's go for 10:00 Thanks, Colln From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) Set: Thursday, November 19, 2009 9:09 AM To: Colln Rudeen Subjec: RE: G0388: SCoping meeting Collin, On December 8th, we could do 10:00am - 1 1:30am, or 2:00pm - 3:30pm. Would either of those ties work for you? Anna From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) Set: ThursaYt November 19, 2009 8:00 AM To: Cosola,Anna M - TPC-TPP-4 SUbje: RE: G0388: Scoping meeting Thanks, Anna. From: Cosola,Anna M - TPC-TPP-4 (mailto:amcsola(§bpa.gov) Set: Thursday, November 19, 2009 8:44 AM 1 To: Colln Rudee Subjec: RE: G038S: $coping meeting Colln, Yes, combining them into one meeting wi work. Let me check the 8th and get back to you - the later the date the better so that it gives us time to process the second request before the combined scoping meetig. I would include in your cover letter that the additional $2,500 we received for Badger Peak is to be applied as the application fee for the second request you are submittig. I'l get back to you shorty on the December 8th date... If that date does not work, I'LL give you some others that may work. Thanks, Anna From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) sent: Thursay, November 19, 2009 7:39 AM To: Cösola,Anna M - TPC-TPP-4 SUbje: RE: G0388: Scping meeting Hi Anna, Sorry for the late response. I'd like to have one more person on the line and he's not available on those dates. Does sometime on the 1st or the Sth work? Also, I've got the second interconnection request in the maiL. It will use the left over $2,500 from the Badger Peak request. Do you need a letter or something to that effect? Also, these requests are within about 10 miles of each other. Would you like to include both of them in the scoping meeting or keep them separate? Thanks, Collin From: Cosola,Anna M - TPC-TPP-4 (mailto:amcosola(§bpa.gov) sent: Thursay, November 19, 2009 7:41 AM To: COllin Rudeen Subje: RE: G0388: Scoping meeting Hi Collin, The November 24th date no longer works. One of the required attendees now has a meetig scheduled during that time, but the last two dates look good. Please let me know which date works best for you and I'll schedule the scoping meetig. Thanks, 2 Anna From: Cosola,Anna M - TPC-TPP-4 se: Monday, Noember 16, 2009 10:43 AM To: 'Colln Rudeen' SUbject: G0388: SCoping meeting Hi Collin, That is correct...Badger Peak is G0388. Below are the dates I've found that work best for our folks to schedule a scoping m.eetig. Please let me know which date/tie works best for you. I'd like to alow for a 1.5 hour m.eeting, so anyte between 1 :OOpm - 4 :OOpm will work on November 25th & December 2nd. TuesEiay, November 24$, 10:00am 11:30am Wednesday, November 25th, 1:00pm - 4:00pm Wednesday, December 2nd, 1:00pm - 4:00pm Thanks, Anna From: Colln Rudeen (mailto:crudeen(§exergydevelopment.com) set: Tuesday, November 10, 2009 3:23 PM To: Cosola,Anna M - TPC-TPP-4 Subject: RE: BPA Hi Anna. I take it Badger Peak is G0388? Let me know about those other items you were going to contact me about below. We'll be submitting a second request. Collin 3 Colln Rudeen From: Sent: To: Cc: Subject: Attchments: Hall,James L - TPC-TPP-4 uihall~bpa.govl Wednesday, August 04, 2010 9:28 AM Colln Rudeen Hammack,Debby ~ TPP~OPP-3 RE: Contact info. image001.jpg Hi Colln, I'm back afer being on leave for two weeks. For the Minidoka PH try Larr Hieb, 208-678-0461, X 20 Dusty, Can you provide a contact for Raft River Electric COOP? Thanks Best Regards, James Leonard Hall Customer Service Engineering Bonneville Power Administration Work phone: 360-619-6057 Cell phone: 360-609-0319 Secretary: 360-619-6075FAX: 360-619~6070 (Please leave a voice mail on my work phone that you hàve sent a FAX.) Mail Stop: TPC-TPP-4 Email: j lhaiiebpa. gov Post Office Address:PO Box 61409, TPC-TPP-4 Vancouver, WA 98666-1409 UPS and FEDEX Deliveries: 7500 N.E. 41st Street, Suite 130 Vancouver, WA 98662-7905 Frm: Colln Rudeen (mailto:crudeen(gexergydevelopment.com) sent: Tuesday, July 27,20102:05 PM To: Hall,Jame L ~ TPC-TPP-4 ce:: Hammack,Debby - TPP-oPP~3 SUbje: Contact info. James. Do you have contact info. for the Bureau of Reclamation (for the Minidoka PH) and Raft River ~Iectric Co-op (Rérating Minidoka-Bridgé line)? I would greatly appreciate it. Regards, 1 Á )0Á Colln Rudeen lead Project Engineer 802 W Bannock, 12th Floor Boise, 10 83702 Offce: 208.336.9793 VNJW. exergydeve löpm ant com This electronic or printed document contains information which (a) may be LEGALLY PRIVILEGED, PROPRIETARY IN NATUflE. OR OTHERWISE PROTËCTED BY LAW FROM DISCLÖSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of this message is not the intended recipient. or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have recived this communication in error, please immediately notify uS by telephone. and return the original message to us at the above email address. Thank you. 2 Colln Rudeèn From: Sent: To: Cc: Subjec: collin.rudeen~gmail.com on behalf of Colln Rudeen (crudeen~exergydevelopment.coml Monday, June 23,20082:31 PM Hall,James L - TPC-TPP-4 Robert Paul; larry; james Re: Malta interconnection (request no. 248) Jaies, I hope all is going well in your study. Quick question for you: When I go to the BP A queue online, to view our four positions (G0245, G0246, G0247 & G0248), I have to click on "View all requests" to see our, implying that they are not current. They also show that the LGIA is not executed and that we are connecting to the ldaome Substation. Is there an update here tht we can show durng our due dilgence to better ilustrte our status? Th, Colln On Fri, May 30, 2008 at 10:48 AM, Hall,James L - TPC- TPP-4 .(jlhall¡ßbpa.gov;: wrote: Many thanks for your email of May 29. For the procedural record, we would be grateful if you could, by reply to this email, confirm our detailed understanding: ~ that Exergy has decided that the single Point of Interconnection for BPA to study for Exergy's four 20 MW projects referenced as Queue Numbers G0245, G0246, G0247 and G0248 is at a point on the Minidoka Powerhouse - Unity #1 138 kV transmission line, and that you have elected not to proceed with the possible Point of Interconnection at Idahome 138 kV substation. Best Regards, James Leonard Hall Customer Service Engineering Bonneville Power Administration Work phone: 360-619-6057 Cell phone: 360-609-0319 Secretary: 360-619-6075FAX: 360-619-6070 (Pleåse leavè a voíce maíl on my work phone that you have sent a FAX.) Mail Stop: TPC-TPP-4 Email: j lhaiiebpa. gov Post Office Address:PO Box 61409, TPC-TPP-4 Vancouver, WA 98666-1409 UPS and FEDEX Deliveries.: 7500 N.E. 41st Street, Suite 130 Vancouver, WA 98662-7905 From: colln.ruden(Qgmail.com (mailto:co/ln.rudeenlSgmaiJ.coml On Behalf Of Colln Rudeen sent: Thursay, May 29, 2008 10:14 AM To: Hammack,Debby - TPP-Dm-2 Cc:: Hall,James L - TPC-TPP-4; James T. carkulis; Peter Richardson; Lawrence R. Leib; Robert Paul 1 SUbjec: Re: Malta interconnecon (request no. 24S) Debby, that's correct: connecting to the Minidoka-Unity line, not the Idahome substation. Thans, Colln On Thu, May 29, 2008 at 11 :09 AM, Hamack,Debby - TPP-DITT -2 -(lhamack(ßbpa.gov;: wrote: So the preferred point of interconnection wil be located on the Minidoka-Unity line. The Idahome option has been dropped. Thank you'l~'Ç~ Bonneville Power Administrtion Trasmision Planing (360) 418-8338 From: coUin.ruden(§gmail.com (niailto:colln.ruden(§gmail.coml On Behalf Of Colln Rudeen sent: Thursay, May 29, 200S 10:01 AM To: Hall,James L - TPC-TPP-4 Cc: James T. carkuUs; Peter Richardson; Lawrence R. Leib; Robert Paul; Hammack,Debby - TPP-Dm-2 Subject: Re: Malta interconnecton (reuest no. 24S) James, I believe I sent a response on May 23rd - must have disappeared somewhere between your computer and mie. We are planng on a single POI on the Minidoka to Unity line - see attched map. Is ths what you need? Ths, Colln On Thu, May 29,2008 at 10:40 AM, Hall,Jaies L - TPC-TPP-4 -CjlhallCßbpa.gov;: wrote: Jaies, We can not complete our system impact study until ìt has been determined where you want to interconnect. Have you made that determination yet? Please confirm. Also another developer is requesting use of capacity on the Minidoka - Bridge tranmission line. Your confirmed decistion of where you want to interconned wil make a difference in BP A's studies for your request. Best Regards, James Leonard Hall Customer Service Engineering Bonneville Power Administration 2 Work phone: 360-619-6057 Cell phone: 360-609-0319 Secretary: 360-619-6075FAX: 360-619-6070 (Please leave a voice mail on my work phone that you have sent a FAX.) Mail Stop: TPC-TPP-4 Email: j lhall~bpa. gov Post Office Address:PO Box 61409, TPC-TPP-4 Vancouver, WA 98666-1409 UPS and FEDEX Deliveries: 7500 N.E. 41st Street, Suite 130 Vancouver, WA 98662-7905 From: James T. CBrkulis (mailto:mtlißjin-tch.coml sent: Wedneday, May 14, 2008 5:55 AM To: Colln Rudeen; Hall,James L - TPC-TPP-4 Cc: Peter Richardson; Lawrence R. Leib; Robert Paul Subj: Re: Malt interconnecion (request no. 24S) Colln: Two points of interconnect may very well cost conSiderably more than running the Simplot generation to the interconnéction point on the state lands. It requires an entirely new bank of transformer and support at Idahomé. Have we done the assessment? James ; Lawrence R. Leib ; James Carkulis ; Robert Paul 3, 200S 1 :37 PM Subject: Malta interconnection (request no. 24S) Mr. Hall, Please find attached a site map showìg points of interconnection and curent WTG siting for the Malta project (request no. 248). There are 3 QF projects clustered in the nort and one to the south. The curent layout consists of: . XRG DP7: 11 WTGs on the west of the land marked "Newcomb Total" · XRG DP8: 10 WTGs on the east of the land marked "Newcomb Total" . XRG DP9: 12 WTGs on the land marked "XRG DP9" . XRG DP1U: 14 WTGs on the land marked "Raf FUver Rach" Please let me know if I can be of fuer assistace Regards, 3 Colln Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Banock, ste 1200 Boise, ID 83702 ph: 208.336.9793 crudeenCßexergydevelopment.com Ths electronic or prited document contas inormtion which (a) may be LEGALLY PRIILEGED, PROPRITARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FROM DISCLOSUR, and (b) is intended only for the use of the Addressee(s) naied above. If the reader of ths message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemintion, distrbution or copying of this communcation is strctly prohibited. If you have received ths communcation in error, please . imediately notify uS by telephone, and retu the original message to us at the above address. Colln Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Banock, ste 1200 Boise, ID 83702 ph: 208.336.9793 crudeenßYexergydevelopment.com This electronic or printed document contains information which (a) may be LEGALLY PRIVILEGED, PROPRITARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FROM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) named above. If the reader of ths message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distrbution or copying of ths communcation is strctly prohibited. If you have received ths communication in error, please imediately notify US by telephone, and retu the original message to us at the above address. Collin Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Banock, ste 1200 4 , Boise, ID 83702 ph: 208.336.9793 crudeentßexergydevelopment.com Ths electronic or printed document contains informtion which (a) may be LEGALLY PRIVILEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FROM DISCLOSUR, and (b) is intended only for the use of the Addressee(s) naied above. If the reader of this message is not the intended reipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distrbution or copying of ths coinuncation is strctly prohibited. If you have received this communcation in error, please imediately notify us by telephone, and retu the original message to us at the above address. Collin Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Banock, ste 1200 Boise, ID 83702 ph: 208.336.9793 crudeentßexergydevelopmentcom Ths electronic or printed document contans information which (a) may be LEGALLY PRIILEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTECTED BY LAW FROM DISCLOSUR, and (b) is intended only for the use of the Addressee(s) naed above. If the reader of ths message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distrbution or copying of this communcation is strctly prohibited. If you have received this communication in error, please imediately notify us by telephone, and retu the original message to us at the above address. 5 Collin Rudeen From: Sent: To: Subject: Attchments: Hammack,Debby - TPP-OPP-3 (dlhammack~bpa.govi Wednesday, August 04,20105:04 PM Colln Rudeen RE: Badger Peak Substations image001.jpg; image002.jpg Hahahahaha - Don't hold your breath! However, if you would like a simila map for a paricular substation location, I can send you a copy of that. this was from a little book that our Maintenance Crews keep in their vehicles. Deb From: Colln Rudeen (mailto:crudeen(gexergydevelopment.com) set: Wednesday, August 04, 2010 3:33 PM To: Ham mack, Debby - TPP-oPP-3 Subject: RE: Badger Peak Substtions Thanks, DE!b, that helps. Let me know when thát map your maintenanCE! folks use is availablE!. ,.Á.J ~ J- exerg Colln Rudeen Lead Project Engineer 802 W Bannock, 12th Floor Boise, 1083702 Offce: 208.336.9793 www.exergydevelopment.com This electronic or printed document contains information which (a) may be LEGALL Y F'~IVILEGED. PROPRIETARY IN NATU~Ë, O~ OTHERWiSE P~OTËCTËD BY LAW FROM DISCLOSURE, and (b) is intended only for the use of the AddreSsee(s) named abOve. If the reader of this message is not the intended recipient, or the employee or agent respOnsible to deliver it to the intended recipient, you are hereby notified that any dissemination. distnbution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify us by telephone, and return the original message to us at the above email address. Thank you. From: Ham mack, Debby - TPP-OPP-3 (mailto:dlhammack(gbpa.gov) set: Wednesday, August 04,20103:19 PM To: Colin Rudeen Sub~: RE: Baer Pek Substt~ns Hi Collin ~ Fax is having trouble connecting. In the mean time, Sub 1 is Idahome. I'm not sure what Sub 2 refers to. I don't have any record of an existing sub located there. Would it be BPA's projected location for your collector station? I'm also sending you a copy of the map our maintenance folks use to locate substations. I think it's easier to read. Deb Hammack From: Colln Rudeen (mailto:crudeen(QergydeveJopment.com) set: Wednesday, August 04, 2010 1:59 PM To: Ham mack, Debby - TPP-OPP-3 Subjec: Badger Peak Substations 1 I-ere's what I'm looking at. I was under the impression that the Idahome substation is what I've got marked as Sub 2 here, but not too sure. r:ax is 208.336.9431. Á~"' ,l exe y Colln Rudeen Lead Project Engineer 802 W 8annock, 12th Floor Boise, 1083702 Office: 208.336.9793 \N'NW. exergydevelopment. corn This electronic Or printed document contains information which (a) may be lEGAllY PRIVilEGED, PROPRIETARY IN NATURE, OR OTHERWISE PROTËCTËD BY LAW FROM DISCLOSURE. and (b) is intended only for the use of the Addressee(s) named above If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified tMt any dissemination, distribution or copying of this communication is strictly prohibited If you have received this communication in error, please immediately notify us by telephone, and return the original message to us at the above email address, Thank you 2 Colln Rudeen From: Sént: To: Cc: Hammack,Debby - TPP-OPP-3 (dlhammaCk~bpa.gov) Wednesday, June 30, 2010 8:42 AM Colln Rudeen Hall,James L - TPC-TPP-4; Cosola,Anna M. TPC-TPP-4; Hardin,Craig A - TSE-TPP-2; Cook,Jeffrey W - TPC-TPP-4; Realica,Antoinette V - TPM-OPP-3; Furumasu,Larry A - TPP- OPP-3 G0395 Study Delay NotificationSubject: To Exergy Development Group ofIdao, LLC (Exergy) This e-mail serves as our notification to Exergy that we wil not complete the System Impact Study for Generation Integration request number 00388, (Agreement IOTX-14625) by June 30, 2010. The reason for the delay is: BPA Transmission Plang is revising the plan of servce for the project. We are moving forward with the Interconnection System Impact Study Report now. BPA wil proceed to complete the Study with an estimated completion date of July 15,2010. Tha you for your patience on this matter. v~~~ Bonnevile Power Administrtion Transmission Planing (360) 619-6848 1 Colln Rudeen From: Sent: To: Cc: Subject: Hall,James L - TPC-TPP4 (jlhall~bpa.govl Friday, May 30,200810:48 AM Colln Rudeen james; Peter Richardson; larr; Robert Paul; Hammack,Debby ~ TPP-DITT-2; Peck,Nick-' TPC-TPP4; Fiedler,Paul A - TPC-TPP4 RE: Malta interconnection (request no. 248) Many thanks for your email of May 29. For the procedural record, we would be grateful if you could, by reply to this email, confirm our detailed understanding: - that Exergy has decided that the single Point of Interconnection for SPA to study for Exergy's four 20 MW projects referenced as Queue Numbers G0245, G0246, G0247 and G0248 is at a point on the Minidoka Powerhouse - Unity #1 138 kV transmission line, and that you have elected not to proceed with the possible Point of Interconnection at Idahome 138 kV substation. Best Regards, James Leonard Hall Customer Service Engineering Bonneville Power Administration Work phone: 360-619-6057 Cell phone: 360-609-0319 Secretary: 360-619-6075FAX: 360-619-6070 (Please leave å voice mail on my work phone that you have sent a FAX.) Mail Stop: TPC-TPP-4 Email: j lhall0bea. gov Post Office Address:PO Box 61409, TPC-TPP-4 Vancouver, WA 98666-1409 ÜPS and FEDEX Deliveries: 7500 N.E. 41st Street, Suite 130 Vancouver, WA 98662-7905 From: colln.rudeen(ggmail.com (mailto:colln.rudeen(ggmail.com) On Behalf Of Colln Rudeen set: Thursday, May 29, 2008 10:14 AM To: Hammack,Debby - TPP-Dm~2 Cc: Hall,James L - iP-TPP-4; James T. Carkulis; Peter Richardson; Lawrence R. Leib; Rober Paul Subje: Re: Malta interconnecion (request no. 248) Debby, that's correct: connecting to the Minidoka-Unity line, not the Idahome substation. Thans, Colln On Thu, May 29, 2008 at 11 :09 AM, Hamack,Debby - TPP-DITT -2 -clhamackcæbpa.gov~ wrote: So the preferred point of interconnection wil be located on the Minidoka-Unity line. The Idahome option has been dropped. Thank you 1 1)ed~~ Bonneville Power Administrtion Trasmission Planing (360) 418-8338 From: cQlHn.ruden(Qgmail.com (mailto:colin.ruden(Qgmail.comJ On Behalf Of Colln Ruden set: Thursday, May 29, 2008 10:01 AM To: Hall,James L - TPC-TPP-4 Cc: James T. carkulis; Peter Richardson; Lawrence R. Leib; Robert Paul; Hammack,Debby - TPP-Dm-2 Subjec: Re: Malta interconnecon (request no. 248) Jaies, I believe I sent a response on May 23rd - must have disappeared somewhere between your computer and mie. We are plang on a single POI on the Minidoka to Unity line - see attached map. Is ths what you need? Thans, Collin On Thu, May 29, 2008 at 10:40 AM, Hall,James L - TPC- TPP-4 ~jlhall§bpa.gov;: wrote: Jaies, We can not complete our system impact study until it has been determined where you want to interconnect. Have you made that determnation yet? Please confrm. Also another developer is requesting use of capacity on the Minidoka - Bridge tranission line. Your confirmed decistion of where you want to interconned wil make a difference in BP A's studies for your request. Best Regards, James Leonard Hall Customer Service Engineering Bonneville Power Administration Work phone: 360-619-6057 Cell phone: 360- 60 9-0 319 Secretary: 360-619-6075 FAX: 360~619~6070 (Please leave a voice mail on my work phone that you have sent a FAX.) Mail Stop: TPC-TPP-4 Email: jlhal10bea.gov Post Office Address:PO Box 61409, TPC-TPP-4 Vancouver, WA 98666-1409 UPS and FEDEx Deliveries: 7500 N.E. 41st Street, Suite 130 Vancouver, WA 98662-7905 2 From: James T. carkulis (mailto:mtlilCin-tch.com) Set: Wednesday, May 14, 2008 5:55 AM To: Colln Rudeen; Hall,James L - TPC-TPP-4 Cc:: Peter Richardson; Lawrence R. Leib; Robert Paul Subjec: Re: Malta interconnecon (request no. 248) Colln: Two points of interconnect may very well cost considerably more than running the Simplot generation to the intercnnecion point on the state lands. It requires an entirely new bank of transformer and support at Idahome. Have We done the assessment? James To: j1haU~bpa.gov Cc: Peter Richardson; Lawrence R. Leib ; James Carkulis ; Robert Paul Sent: Tuesday, May 13, 2008 1 :37 PM Subject: Malta interconnection (request no. 248) Mr. Hall, Please find attched a site map showing points of interconnection and curent WTG siting for the Malta project (request no. 248). There are 3 QF projects clustered in the nort, and one to the south. The curent layout consists of: · XRG DP7: 11 WTGs on the west of the land marked "Newcomb Tota" · XRG DP8: 10 WTGs on the east of the land marked "Newcomb Tota" · XRG DP9: 12 WTGs on the land marked "XRG DP9" · XRG DP10: 14 WTGs on the land marked "Raf FUver Rach" Please let me know if I can be of fuer assistace Regards, Collin Rudeen Lead Project Engineer Exergy Technology Concepts 802 W Banock, ste 1200 Boise, ID 83702 ph: 208.336.9793 crudeen($exergydevelopment.com Ths electronic or printed document contans information which (a) may be LEGALLY PRIVILEGED, PROPRITARY IN NATURE, OR OTHERWISE PROTECTED BY LA W FROM DISCLOSURE, and (b) is intended only for the use of the Addressee(s) naed above. If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified tht any 3 /' Colln Rudeen From: Sent: To: Subject: Attchrnents: James T. Carkulis (mtli~in-tch.coml Friday, August 01,20083:28 PM James Carkulis; Colln Rudeen; Larry Leib; Peter Richardson Fw: Follow-up: G0245 thru 248 Re.. Malta interconnection (request no. 248).eml (25.5 KB) ; Peck,Nick - TPC-TPP-4 5:46 PM thru 248 Hi James, I tried callng several times to respond to a voicemail that you left me last week. In your voicemail, you had some concerns about the letter that BPA sent on July 17th regarding your generation interconnection requests numbered G0245 thru 248. BPA sent this letter due to our need to continue with the interconnection study process and proceed with the interconnection System Impact Studies (ISIS). However, there has been some confusion regarding the exact point of interconnection for these requests. The letter indicates that BPAwil assume Idahome 138kV substation as the point of interconnection unless we hear diffrently. In order to clarify Exergy's intent and to provide BPA with information to determine whether it can move forward in the study process in accordance with that intent, Exergy should respond in detail to our letter of July 17, with the following information and clarifications of what we understand to be your intentions: 1: A formal written request that BPA should consider one of the 20 MW projects with a Plan of Service to a new substation on the Minidoka-Unity Transmission Line; and the remaining three requests interconnecting to the original requested POI at Idahome substation. Please understand that BPA wil need to study both these plans of service in parallel during the System Impact Studies, and will report in detail on any electrical issues it might encounter using both interconnections rather than one alone. Absent such a written request and agreement by BPA that it can proceed consistent with the request, BPA wil proceed as outlined in our letter. 2: Exergy should identify in writing specifically which Request Number (linked to the appropriate LLC) it is proposing for the single 20 MW interconnection to the Minidoka-Unity line. The ISiS for this specific project wil likely require incremental funding. 3: Exergy must provide BPA with detailed Site Controi documentation for the proposed project near the Minidoka-Unity transmission line, referenced in Exergy's emaHs of May 29, May 30 and June 4 . BPA cannot identify this project from the documents provided to date, and we draw your attention to the email from Mr. Collin Rudeen dated May 13, 2008, entitled Malta Interconnection, which begins the referenced chain of emails. Your attention is drawn to the requirement in the pro- forma Small Generator Interconnection Procedures that Site Control be demonstrated at the time of the interconnection request. Failure to provide this demonstration for this relocated project will result in SPA deeming the Request no longer valid and removing it from the Queue. 4: BPA emphasizes that the existing Feasibility Study report assumes the two plans of service to be mutually exclusive alternatives, and in the ISIS report will be providing revised cost estimates based on using both plans of service simultaneously. BPA requests formally that you respond with your requests as above within 10 Business Days. Sincerely, Eric K. Taylor Transmission Sales 1 . Transmission Account Executive 360-619-60 14 (Offce) 503-729-6992 (Cell) 360-619-6940 (Fax) ektaylor(âbpa.gov e:oeRe: Malta interconnection (request no. 248):::: 2 PRODUCTION REQUEST NO.7 To the extent not already provided in response to Request 3 or Request 5, above, please provide copies of all communcations between Jaies Carkulis and Exergy or XRG concernng the XRG projects since Januar 21,2008. XRG RESPONSE TO REQUEST NO.7 James Carkulis is the sole member of Exergy and XRG. There are no written communications between James Carkulis and himself. XRG Responses to Rocky Mountain Power First Production Request 7 PRODUCTION REQUEST NO.8 Please provide a copy of all project schedules (scoping, fiancing, development, etc.) possessed by Exergy or XRG for the XRG projects, since Janua 21, 2008. XRG RESPONSE TO REQUEST NO.8 See the attached. XRG Responses to Rocky Mountain Power First Production Request 8 00oo C\ ii 0).c E 0)..a. 0)(J p,:: ~l? ~~ ~~ Gii:;: ~ ~ Th e i n f o r m a t i o n c o n t a i n e d i n t h i s m e m o r a n d u m is i s p r o v i d e d f o r i l u s t r a t i v e p u r p o s e s o n l y a n d ma y b e s u b j e c t t o c h a n g e a s t h e p o r t f o l i o ex p a n d s o r d i m i n i s h e s . A n y e s t i m a t e s a n d pr o j e c t i o n s ( f i n a n c i a l o r o t h e r w i s e ) c o n t a i n e d he r e i n i n v o l v e e l e m e n t s o f s u b j e c t i v e j u d g m e n t an d a n a l y s i s b a s e d o n f o r w a r d - l o o k i n g as s u m p t i o n s t h a t m a y o r m a y n o t b e c o r r e c t . Ex e r g y D e v e l o p m e n t G r o u p , L L C m a k e s n o re p r e s e n t a t i o n o r w a r r a n t y e x p r e s s e d o r i m p l i e d , as t o t h e c o m p l e t e n e s s o f t h e i n f o r m a t i o n co n t a i n e d i n t h i s m e m o r a n d u m . T h i s me m o r a n d u m d o e s n o t p u r p o r t t o c o n t a i n a l l o f th e i n f o r m a t i o n t h a t m a y b e r e q u i r e d t o e v a l u a t e th e s a i d p o w e r p l a n t s . T h i s m a t e r i a l i s ! W f o r ex t e r n a l d i s t r i b u t i o n . EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C C l n f l d e n t i a l PA G E 2 Se c t i o n 1 : E x e c u t i v e S u m m a r y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Se c t i o n 2 : C o m p a n y P r o f i l e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Se c t i o n . 3 : P o r t f o l i o I n f o r m a t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . 3 Se c t i o n 4 : T r a n s a c t i o n I n f o r m a t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 Se c t i o n 5 : P r o j e c t s i n P o r t f o l i o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 6 .: . I d a h o Q F ( f i r s t 1 0 p r o j e c t s ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 7 .: . B i g B l u e P h a s e i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 8 .: . M a l t a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 9 .: . B e l l R a p i d s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 0 .: . B i g B l u e P h a s e I I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1 .: . J a c k R a n c h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 .: . N e w D a w n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 .: . C r e i g h t o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 .: . J u l e s b u r g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 .: . B i g B l u e P h a s e 1 1 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 .: . A c t o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7 .: . B r o a d v i e w . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 8 .: - P a c k e r B u t t e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9 .: - C a t C r e e k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 0 .: . B i g B l u e P h a s e I I I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 1 .) B e l l R a p i d s w / S P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2 .: . D e v i l ' s C a u l d r o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 .: . S n a k e R i v e r O v e r l o o k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4 .: . C h r i s t m a s V a l l e y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 .: . G r o u s e C r e e k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 6 .: . V a r i o u s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 7 EX E R G Y D E V E L O P M E N T G R O U P PA G E 3 Pr o p r i e t a r y a n d C o f i d e n t i a l Cl ~~ r:Ji L&~0 CO e:a. r:E0 CD::--..::(. CD)( LL 1iëCD l ~(t~;ai:a. Q. ~ !ž ~t. ~o;; ~t. r: Ex e r g y D e v e l o p m e n t G r o u p , L L C ( " X R G " o r t h e " C o m p a n y " ) i s o n e o f t h e l a r g e s t in d e p e n d e n t w i n d e n e r g y d e v e l o p m e n t c o m p a n i e s i n N o r t h A m e r i c a . T h e C o m p a n y , fo u n d e d i n 2 0 0 1 , h a s i t s m a i n o f f i c e i n B o i s e , I d a h o . X R G ' s f o c u s i s o n d e v e l o p i n g co m m e r c i a l l y s u c c e s s f u l a n d e n v i r o n m e n t a l l y e f f i c i e n t w i n d e n e r g y p r o j e c t s i n t h e We s t e r n a n d M i d w e s t e r n U n i t e d S t a t e s . T h e C o m p a n y d e v e l o p s w i n d e n e r g y p r o j e c t s fr o m c o n c e p t i o n t h r o u g h c o n s t r u c t i o n a n d c o m m e r c i a l o p e r a t i o n . C o l l e c t i v e l y , X R G ma n a g e m e n t h a s o v e r 1 2 0 y e a r s o f r e n e w a b l e e n e r g y e x p e r i e n c e a n d 1 6 0 y e a r s o f e n e r g y ex p e r i e n c e . XR G w o u l d l i k e t o e x p l o r e s t r a t e g i c a l t e r n a t i v e s t o d r i v e t h e g r o w t h o f t h e C o m p a n y b y co m p l e t i n g i t s 4 , 7 3 5 M W o f w i n d p r o j e c t s i n d e v e l o p m e n t a n d e x p a n d i n g i t s p i p e l i n e . A st r a t e g i c p a r t n e r , e i t h e r a s a n a c q u i r e r o f o r t h r o u g h a j o i n t v e n t u r e w i t h X R G , w i l im m e d i a t e l y r e c o g n i z e v a l u e i n t h e C o m p a n y ' s b l u e c h i p m a n a g e m e n t t e a m , h i g h l y re g a r d e d r e p u t a t i o n , s t r a t e g i c g e o g r a p h i c a l f o c u s a n d s i z e a b l e p o r t f o l i o o f l a r g e p r o j e c t s ex p e c t e d t o m a t u r e o v e r t h e n e x t s e v e r a l y e a r s . XR G s h a l l i d e n t i f y o n e o r s e v e r a l q u a l i f i e d p a r t n e r s l i k e l y t o c o m p l e m e n t t h e C o m p a n y ' s st r a t e g i c p o s i t i o n . X R G w i l e n t e r t a i n b o t h t y p i c a l d e a l s t r u c t u r e s a n d c r e a t i v e p r o p o s a l s fr o m i n t e r e s t e d p a r t i e s , b u t l e a d i n g c o n s i d e r a t i o n s w i l i n c l u d e : a ) t h e p r o p o s e d ec o n o m i c s , b ) t h e c u l t u r a l f i t b e t w e e n X R G a n d t h e p a r t n e r a n d c ) t h e p a r t n e r ' s a m b i t i o n an d c o m m i t m e n t t o a s s i s t i n t h e g r o w t h o f X R G ' s c u r r e n t p o s i t i o n a s a l e a d i n g p l a y e r i n th e w i n d m a r k e t . EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 5 o ~ Q)co l," c:a. coC. Eo(. -¡i .g ~ "0 15~i .~ Q. Q.:: ~\J E- ~:: i Cl ~ &' XR G i s a w i n d d e v e l o p m e n t c o m p a n y f o c u s e d o n p r o f i t a b l e wi n d o p p o r t u n i t i e s in W e s t e r n & Mi d - W e s t e r n S t a t e s .: . H e a d q u a r t e r e d i n B o i s e , I d a h o .: . X R G h a s a s s e m b l e d a t e a m w i t h o v e r 1 2 0 y e a r s o f r e n e w a b l e e n e r g y e x p e r i e n c e t h a t in c l u d e s i n - d e p t h k n o w l e d g e f o c u s e d o n l a n d a c q u i s i t i o n , w i n d r e s o u r c e s , tr a n s m i s s i o n , p o w e r t r a n s a c t i o n s a n d p o l i c y .: . X R G ' s p e r s o n n e l h a v e i n s t a l l e d o v e r 1 , 5 0 0 w i n d t u r b i n e s i n t h e i r c a r e e r .: . X R G ' s p e r s o n n e l h a v e p e r m i t t e d o v e r 3 , 0 0 0 M W .: . W e s t e r n & M i d w e s t e r n U . S . p o r t f o l i o o f 4 , 7 3 5 M W o f w i n d d e v e l o p m e n t p r o j e c t s .: . X R G h a s p r e v i o u s l y n e g o t i a t e d a n d p u r c h a s e d a t o t a l o f 1 0 9 G E s l e t u r b i n e s o v e r t h e la s t f e w y e a r s . .: . X R G h a s s u c c e s s f u l l y n e g o t i a t e d a n d e x e c u t e d 3 0 7 . 5 M W o f P o w e r S a l e s A g r e e m e n t s si n c e 2 0 0 1 .: . X R G a l s o o w n s B i g S k y C r a n e & R i g g i n g , a M o n t a n a L L C , w h i c h i s c a p a b l e t o r e c e i v e , as s e m b l e a n d e r e c t w i n d t u r b i n e g e n e r a t o r s EX E R G Y D E V E L O P M E N T G R O U P Pro p r i e t a r y an d . Co n f ! d e t l a l PA G E 7 - - - - - - - - ~ - _ . - c . - - - ~ . , - ' i Po r t f o l i o Ap p r o a c h Pr o j e c t Ty p e s Co m p e t i t i v e Ad v a n t a g e s Ma n a g e r i s k b y a s s e m b l i n g a po r t f o l i o o f p r o j e c t s a c r o s s W e s t e r n & M i d w e s t e r n s t a t e s a n d m a r k e t s Al m o s t a l l o f X R G ' s p r o j e c t s in v o l v e a si n g l e l a n d - o w n e r p e r p r o j e c t . T h i s ap p r o a c h s i g n i f i c a n t l y r e d u c e s t h e co m p l e x i t y o f p r o j e c t d e v e l o p m e n t XR G ' s k e y t e a m m e m b e r s h a v e . lo n g - te r m ( a v e r a g e o f 1 8 y e a r s ) w i n d - s p e c i f i c ex p e r i e n c e s t h a t a r e r a r e i n t h i s y o u n g in d u s t r y Ma n a g e t i m i n g r i s k b y a s s e m b l i n g a p i p e l i n e o f p r o j e c t s i n v a r i o u s st a g e s o f d e v e l o p m e n t XR G ' s c o l l e c t i v e e x p e r i e n c e e n a b l e s i t to m a x i m i z e e c o n o m i c r e t u r n s o n pr o j e c t s w i t h m o d e r a t e t o h i g h w i n d re g i m e s St r o n g r e l a t i o n s h i p s w i t h l a r g e co r p o r a t e l a n d - o w n e r s , w h o a r e e a g e r to i n c o r p o r a t e w i n d p o w e r i n t o t h e i r la n d , e n a b l i n g e f f c i e n t a n d o p t i m i z e d si t e d e v e l o p m e n t s Ti m e a n d r e s o u r c e s a r e p r i o r i t i z e d am o n g t h e m o s t p r o m i s i n g p r o j e c t s an d ma r k e t s XR G l a n d l e a s e s d o n o t l i m i t t h e lo c a t i o n o f t h e t u r b i n e s a n d l e a s e pa y m e n t s a r e b a s e d o n t h e n u m b e r o f tu r b i n e s , n o t s i z e o f l a n d Th r o u g h y e a r s o f e x p e r i e n c e i n t h e wi n d i n d u s t r y , X R G ' s m a n a g e m e n t h a s st r o n g r e l a t i o n s h i p s w i t h k e y su b c o n t r a c t o r s i n t h i s i n d u s t r y XR G p e r f o r m s c o m p r e h e n s i v e in t e r n a l s i t e a n a l y s i s e a r l y t o a v o i d mi d o r l a t e s t a g e f a t a l - f l a w ab a n d o n m e n t EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 8 I E x e r g y è i i r p o ( å i : s t f u e t U ( é l Fa r m 2 M a r k e t , L L C (B i U " f u e l s D I Y i s i o n l XR G D e v e l o , m e n t Pa r t e r s , L L C (H o l d e o ) Ad a g i o R e n e w a b l e Co m p a n y , L L C (R & D D i v i s i o n l Ex e r g y T e c h n o l o g y Co n c e p t s , L t C (E n g i n e e r i n g D i v i s i o n i EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f l c l n t l a l PA G E 9 St r u c t u r e & C a p i t a l i z a t i o n .: . X R G i s a l i m i t e d l i a b i l i t y c o m p a n y w h i c h w a s f o r m e d u n d e r I d a h o l a w i n 2 0 0 1 .: . X R G h a s b e e n m a j o r i t y f u n d e d b y m a n a g e m e n t / m a j o r i t y o w n e r s s i n c e i t s i n c e p t i o n .: . T h e s o l e d e b t h e l d b y X R G i s a $ 2 M M o n e - y e a r n o t e , a d v a n c e d d u r i n g a n 8 - m o n t h n e g o t i a t i o n a s a po t e n t i a l p a r t n e r w i t h a b a n k i n g e n t i t y .: . X R G i s w h o l l y o w n e d b y o n e i n d i v i d u a l a n d d i s t r i b u t e s p r o f i t s t o i t s d i r e c t o r s a n d o w n e r s b a s e d o n pr o f i t a n d l o s s s t a t e m e n t s Ov e r h e a d .: . X R G e s t i m a t e s t h e o v e r h e a d b u d g e t n e c e s s a r y t o a c h i e v e a 4 0 0 M W i n s t a l l a t i o n s c h e d u l e a n n u a l l y i s ap p r o x i m a t e l y $ 4 . 0 M M . .: . C u r r e n t o w n e r s a r e a b l e t o c o n t i n u e f u n d i n g o v e r h e a d b u t a l s o o p e n & a m e n a b l e t o a 3 r d p a r t y co n t r i b u t i o n t o o v e r h e a d .: . X R G s h a l l e x p a n d i t s w o r k f o r c e m o d e r a t e l y i n t h e n e x t 1 2 m o n t h s .: . 2 - 3 E n g i n e e r s .: . 1 L a n d T i t l e P e r s o n .: . 1 M i d - M a n a g e r F i n a n c i a l s / C o n t r o l l e r Mo d e l s .: . P o r t f o l i o m o d e l i s p r o v i d e d b y M a r a t h o n C a p i t a l b a s e d o n r e v i e w o f i n p u t s b y X R G .: + O t h e r p r o j e c t m o d e l s a r e p r e p a r e d i n t e r n a l l y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 1 0 Ja m e s C a r k u l i s h a s o v e r s i x y e a r s ex p e r i e n c e i n t h e w i n d i n d u s t r y . H e i s r e s p o n s i b l e f o r n e g o t i a t i n g a n d e x e c u t i n g 37 4 M W o f p o w e r s a l e s a g r e e m e n t s a n d 1 3 t r a n s m i s s i o n i n t e r c o n n e c t i o n a g r e e m e n t s . M r . C a r k u l i s i s r e s p o n s i b l e f o r mo n i t o r i n g a n d s h a p i n g t h e s t a t e a n d l o c a l p o l i t i c a l a n d r e g u l a t o r y e n v i r o n m e n t s ( F E R C , P U R P A , F A A , D O D , S t a t e pu b l i c u t i l t y c o m m i s s i o n s ) , i n o r d e r t o a c h i e v e t i m e l y a n d c o m p l e t e a p p r o v a l o f t h e p r o j e c t s a n d r e l a t e d a g r e e m e n t s . Li k e w i s e , h e m a n a g e s n e g o t i a t i o n s w i t h p o w e r p u r c h a s e r s , d e v e l o p m e n t a n d e x e c u t i o n o f t h e p o w e r p u r c h a s e ag r e e m e n t s , a n d t r a n s m i s s i o n a g r e e m e n t s . M r . C a r k u l i s e n l i s t s a n d m a n a g e s t h e e f f o r t s o f a d i v e r s e a r r a y o f ex p e r i e n æ d c o m p a n y M a n a g e m e n t D i r e c t o r s a n d c o n s u l t a n t s t o w a r d s t h i s e f f o r t . H e u t i l z e s h i s r e l a t i o n s w i t h la n d o w n e r s a n d r e s o u r æ e x p e r t s t o i d e n t i f y p r o s p e c t i v e w i n d p r o j e c t s i t e s a n d t o n e g o t i a t e l a n d o p t i o n s , l e a s e s , a n d re l a t e d a c q u i s i t i o n a g r e e m e n t s . Ro b e r t P a u l h a s 2 8 y e a r s d o m e s t i c a n d g l o b a l e x p e r i e n c e i n w i n d e n e r g y d e v e l o p m e n t , c o m m e n c i n g w i t h t h e f i r s t su c æ s s f u l d e v e l o p m e n t a n d i n s t a l l a t i o n o f a w i n d p r o j e c t o n f e d e r a l l a n d s i n t h e e a r l y 1 9 8 0 s . M r . P a u l i s h i g h l y re g a r d e d a s a p i o n e e r i n t h e w i n d e n e r g y b u s i n e s s a n d a s o n e o f t h e o r i g i n a l f o u n d e r s o f t h e m o d e r n i n d u s t r y i n t h e US . H e h a s h e l d s e n i o r m a n a g e m e n t p o s i t i o n s i n r e n e w a b l e e n e r g y c o m p a n i e s , i n c l u d i n g D i r e c t o r A m e r i c a s W e s t sa l e s f o r E n r o n W i n d a n d t h e V i æ P r e s i d e n t D o m e s t i c S a l e s f o r N o r d e x N o r t h A m e r i c a n m a r k e t . Cl a r e L e e s i s D i r e c t o r o f C o n s t r u c t i o n M a n a g e m e n t a n d P r o c u r e m e n t w h o i s a l s o a p i o n e e r i n t h e w i n d i n d u s t r y . Fr o m 1 9 8 2 t o t h e p r e s e n t , M r . L e e s h a s i n s t a l l e d o v e r 1 , 5 0 0 u t i l t y c o n n e c t e d w i n d t u r b i n e s . I n a d d i t i o n , h e h a s pr o v i d e d v i r t u a l l y a l l a s p e c t s o f m a n a g e m e n t f o r d o m e s t i c a n d i n t e r n a t i o n a l w i n d p r o j e c t s . M r . L e e s h a s p r i m a r y re s p o n s i b i l t y f o r p r o j e c t a n d c o n s t r u c t i o n m a n a g e m e n t a n d f o r i n f r a s t r u c t u r e d e s i g n a n d c o n s t r u c t i o n o f a l l c i v i l an d e l e c t r i c a l w o r k s . H e a l s o p r o v i d e s t e c h n i c a l a n d o p e r a t i o n a l e x p e r t i s e i n m a j o r e q u i p m e n t s e l e c t i o n a n d pr o c u r e m e n t a g r e e m e n t s , a n d i n n e g o t i a t i o n o f o p e r a t i o n s a n d m a i n t e n a n c e a g r e e m e n t s . C l a r e w a s P r e s i d e n t o f a si z a b l e ( 1 , 2 0 0 W i n d T u r b i n e G e n e r a t o r s ) s e r v i c i n g o p e r a t i o n f o r w i n d t u r b i n e g e n e r a t o r s f o r m a n y y e a r s . M a n y of th e e a r l y i n n o v a t i o n s i n W T G s c a m e f r o m C l a r e ' s r e c o m m e n d a t i o n s t h r o u g h t h i s s e r v i c i n g b u s i n e s s . . T e r r a n æ W a l t o n h a s n e a r l y t h i r t y y e a r s e x p e r i e n c e i n f i n a n æ a n d a c c o u n t i n g . H e h a s s e r v e d a s c o m p t r o l l e r , C l u e f Fi n a n c i a l O f f c e r a n d C h i e f E x e c t i v e O f f i c e r o f a n u m b e r o f c o m p a n i e s i n h i s c a r e e r . H e h a s s p e c i a l e x p e r i e n æ i n wi n d p o w e r g e n e r a t i o n , h a v i n g b e e n c o m p t r o l l e r o f I n t e r n a t i o n a l D y n e r g y , I n c . , a p u b l i c l y t r a d e d a l t e r n a t i v e e n e r g y co m p a n y w i t h w i n d p a r k s u b s i d i a r i e s . La r r y L e i b i s D i r e c t o r o f P r o j e c t E n g i n e e r i n g a n d a l s o c e n t r a l t o t h e f u n c t i o n s o f t h e d e v e l o p m e n t o f f æ . M r . L e i b i s a PE a n d l i æ n s e d e n g i n e e r i n T e x a s a n d C a l i f o r n i a . M r . L e i b h a s m a n a g e d t e c h n i c a l d e v e l o p m e n t a n d d e s i g n o f o v e r 1, 8 0 0 M W o f t h e r m a l a n d r e n e w a b l e p o w e r g e n e r a t i o n f a c i l t i e s s i n c e 1 9 7 4 . H e i s re s p o n s i b l e f o r p r o j e c t r e s o u r c e co n f i r m a t i o n a n d a n a l y s i s , t r a n s m i s s i o n i n t e r c o n n e c t i o n s t u d i e s a n d a g r e e m e n t s , p r o j e c t e c o n o m i c f e a s i b i l t y as s e s s m e n t , a n d s i t e t e s t i n g a n d a c c e p t a n æ p r o t o c o l s . H e a l s o s u p p o r t s t h e n e g o t i a t i o n o f t h e p o w e r p u r c h a s e ag r e e m e n t s , t r a n s m i s s i o n a g r e e m e n t s , e q u i p m e n t p u r c h a s e a g r e e m e n t s , o p e r a t i o n a n d m a i n t e n a n æ a g r e e m e n t s , a n d te c h n i c a l c o m m u n i c a t i o n s w i t h r e g u l a t o r s , u t i l t i e s , l e n d e r s , a n d i n v e s t o r s . EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 1 1 Pa t r i c i a P i l z i s a f o r m e r C h i e f F i n a n c i a l O f f i c e r o f N e w W o r l d P o w e r . S i n c e 2 0 0 3 , M s . P i l z h a s s u c c e s s f u l l y p e r m i t t e d ov e r 2 0 0 0 M W o f p r o j e c t s . M s . P i l z a n d C a r o l W e i s k o f f , P h D , f o r m e r h e a d o f b i o l o g i c a l s c i e n c e a t t h e H a n f o r d nu c l e a r f a c i l i t y i n R i c h l a n d , W A , w e r e f u n d a m e n t a l i n r e v i e w o f t h e a v i a n m o r t a l i y a t A l t a m o n t P a s s a n d f r a m i n g th e a p p r o p r i a l e t e q u i t e m e t t t s t o w a r d t h e s t u d y o f W T G / a v i a n c o l l s i o n s . Co l l n R u d e e n i s d e v o t e d e n t i r e l y t o w i n d a s a m o t i v e f o r c e g e n e r a t o r . E x e r g y T e c h n o l o g y C o n c e p t s , L L C r X T C " ) i s th e l i c e n s e e a n d e x p e r t s t o W i n d P r o , M e t s o , a n d W A S P , t h e l e a d i n g a n a l y s i s t o o l s i n t h e w i n d i n d u s t r y . X T C i s ex p e r t w i t h s o d a r a n d o u r u n i t s a r e u t i l z e d e x t e n s i v e l y f o r f u r t h e r m o t i v e f o r c e v a l i d a t i o n . X T C i s a l s o t h e l e a d su b s i d i a r y f o r X R G o n t h e X R G Z i l o ~ ( 2 5 k W t o 9 0 0 K W ) v e r t i c a l a x i s w i n d t u r b i n e d e s i g n f e a t u r i n g a b u i l t - i n e n e r g y st o r a g e s y s t e m f o r l e v e l i n g o u t p u t , a n d t h e P H I ( Ç r y b r i d , s t a n d - a l o n e , f u l l y s u b s c r i b e d r e n e w a b l e p o w e r s y s t e m t o pr o v i d e f u l l f i r m p o w e r g e n e r a t i o n f r o m r e n e w a b l e c o m p o n e n t s . Mr . R o b e r t L i p s k o c h h e a d s u p o u r f i e l d c r e w s o n a m o t i v e f o r c e c o m p o n e n t i n s t a l l a t i o n , f a b r i c a t i o n o f c o m p o n e n t s , eq u i p m e n t o p e r a t i o n s , a n d a s s i s t s i n o u r c i v i l w o r k p r e p a r a t i o n f o r p r o j e c t c o n s t r u c t i o n . M r . L i p s k o c h w a s t h e ge n e r a l m a n a g e r o f a 1 0 0 , 0 0 0 a c r e / f i r r i g a t i o n d i s t r i c t f o r m a n y y e a r s a n d i s c l o s e t o t h e a g r a r i a n c o m m u n i t y . I n ad d i t i o n , M r . L i p s k o c h p r o v i d e s t h e n e c e s s a r y h a n d s - o n e x p e r i e n c e f o r X R G ' s w i n d / p u m p s t o r a g e d e v e l o p m e n t wo r k . Ho l l H i g h i s c o m m i t t e d t o b u i l d i n g s t r a t e g i c r e l a t i o n s h i p s f o r t h e b e n e f i t o f E x e r g y a n d t h e s u c c e s s o f w i n d e n e r g y . Sh e o v e r s e e s s t a t e - l e v e l p o l i c y i s s u e s , r e g i o n a l t r a n s m i s s i o n i n i t i a t i v e s a n d i s a n a c t i v e m e m b e r o f t h e l o c a l b u s i n e s s co m m u n i t y . M s . H i g h i s a l s o d e v o t e d t o t h e r e j u v e n a t i o n o f r u r a l e c o n o m i e s t h r o u g h t h e e c o n o m i c a n d s o c i a l ac t i v i t i e s o f E x e r g y a n d g a i n i n g c o m m u n i t y - w i d e s u p p o r t i n t h e s e a r e a s . EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 1 2 c:o (YT- --w" c(0. - o---o'+..Jioa. :m 1: ~c8 1 i"CQ. £ i: R ~. :2 ~ Sl Ci;: .~ ~ 33 P r o j e c t s u n d e r d e v e l o p m e n t + 1 . 5 m i l i o n a c r e s u n d e r r e v i e w PP A s s i g n e d : 1 7 7 M W ; P P A s i n n e g o t i a t i o n : 1 , 3 5 0 M W :1 3 5 . 2 % 4, 7 3 5 M W T o t a l C a p a c i t y :1 1 0 0 % h a v e a t r a n s m i s s i o n l i n e / s u b s t a t i o n w i t h i n 1 0 m i l e s , : 1 7 3 % a r e tr a v e r s e d b y a t r a n s m i s s i o n l i n e / s u b s t a t i o n We s t e r n & M i d w e s t e r n U n i t e d S t a t e s Id a h o , M i n n e s o t a , M o n t a n a , S o u t h D a k o t a , N e b r a s k a , W y o m i n g , Wa s h i n g t o n , O r e g o n , W i s c o n s i n , A r k a n s a s , N e v a d a , a n d U t a h Ra n g e i s f r o m 2 0 t o 4 0 0 + M W ; A v e r a g e 2 0 0 M W Ba l a n c e d i n v e n t o r y o f c o n s t r u c t i o n - r e a d y t h r o u g h g r e e n f i e l d p r o j e c t s EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 1 4 De v e l o p m e n t P r o j e c t s Pr o j e c t s i n 1 2 s t a t e s Po t e n t i a l c a p a c i t y o f 4 , 7 3 5 M W Ex p l o r i n g a n a d d i t i o n a l 2 . 5 m i l l o n a c r e s f o r b o t h W i n d a n d P V I I T r y b r i d P r o j e c t I W i n d + S o l a r E x p l o r a t i o n So l a r + W i n d E x p l o r a t i o n EX E R G Y D E V E L O P M E N T G R O U P Pro p r i e t a r y an d C o n f i d e n t i a l PA G E 1 5 Pr o j e c t P o r t f o l i o S t a t u s a s o f J u n e 2 0 0 8 Ca p a c i t y P5 0 N e t XR G No N a m e St a t e Ca p a c i t y CO D Sh a r e (M W ) Fa c t o r ( % ) (% ) 1 Bi g Bl u e P h a s e I MN 36 . 0 38 . 3 % 20 0 9 10 0 % ._ _ . _ _ . _ _ _ . _ . _ . _ _ . _ _ . _ _ _ . u . _ . _ . . . _ _ _ _ _ . _ _ _ _ . _ _ . . . . . . . . . . . , _ _ _ _ . . . _ _ . . . . . _ . _ _ _ _ _ . . . . . _ _ _ _ _ _ _ _ _ . . . . _ _ _ . . _ _ _ _ _ _ - - - - - - - - - - - - - - - - - - - - - - - 2 Id a h o Q F ID 13 8 . 0 31 . 0 % 20 0 9 10 0 % La n d Si t e Co n t r o l l e d En v l r o n me n t a l St u d y Tu r b i n e Re q . Wi n d Da t a PP A Pe r m i t s I n t e r c o n n e c t c o m p l e t e d 3 M a l t a Pr i v a t e Pr i v a t e Pí l i & C o .. . _ 0 . _ _ _ _ . . . . _ _ _ . . _ _ _ _ _ _ _ _ . . . _ _ . . . . . . _ _ _ _ _ . . . . . . . . . . . _ _ _ _ o . . u o . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ . . . . _ _ _ . . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . . _ _ _ _ . . . . . . . . . . . . . _ . . . _ _ _ . . . _ _ _ . _ _ . . . . . . . . . . . . . . . . . . . . . _ _ _ _ _ _ _ _ _ _ . - - _ - - - - 0 - . - _ . - - - - - - - - - - - - - - - - - - - - . - - - - - . - - - _ . - - - - - - - - - . . . . . . . . . . . . . . . . . . . - - - - . . . - - - . . . . . . . - - . - - - . . . . . . . . . - - . . . . - . . - - . . - - - . - . . . . . . . . - - . . . - - 80 . 0 32 . 4 % 20 0 9 1 0 0 % P r i v a t e 4 B e l l R a p i d s 7 0 ,._ . . . . . u . . ~ ~ . . ~ . . . . . . . . . . . _ . 5 B i g B l u e P h a s I I ID ID MN 70 . 5 30 . 0 38 . 3 % 20 1 0 1 0 0 % P r i v a t e ... _ . . . . _ . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ _ . . u . . . . . . . . . _ . . . . . . . . _ ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . - . - . . - . . - . . . . . . . - . . . . . . . . . . . . . . . - . . . . ~ . . . . . . . . . . . . , . . . . . . . . . . . . . . - . . . . . : . . . . . . . . ; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 J a c k R a n c h ID 20 0 . 0 33 . 1 % 20 0 9 1 0 0 % P r i v a t e mE G . i n c _ ~ ~ ~ _ _ _ .. . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . _ _ . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . - . . . . . . . . . . . . . . . . . . . ~ 7 Ne w Da w n MT 70 . 5 32 . 3 % 20 1 0 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . . _ _ . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . _ . . . . . . . . . . . . . _ . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . 8 Cr e i g h t o n SD 20 0 . 0 38 . 6 % 20 1 0 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . _ . . . . _ - . . . . . . . . . . . . . . . . . 9 Ju l e s b u r g NE 10 0 . 5 37 . 6 % 20 1 0 10 0 % Pr i v a t e ~. . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . 10 B i g B l u e P h a s I I I MN 10 0 . 6 38 . 3 % 20 1 1 10 0 % Pr i v a t e .. . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 A c t o n MT 15 0 . 0 38 . 0 " A . 20 1 0 10 0 % Pr i v a t e .. . . . . . . . . . . . . _ . . . . . . ~ . . . . _ . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . - 12 B r o a d v i e w MT 30 0 . 0 18 D 20 1 0 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ _ . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 P a c k e r B u t t e ID 20 . 0 18 D 20 1 0 10 0 % Pr i v a t e ... . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 c a t C r e e k ID 20 . 0 18 D 20 1 0 10 0 % Pr i v a t e ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . 15 B i g B l u e P h a I V MN 13 3 . 5 38 . 3 % 20 1 2 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . 16 B e l l R a p i d s w / P S ID 70 . 5 lS O 20 1 1 10 0 % Pr i v a t e .. . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . u . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 D e v i l ' s C a u l d r o n WY 10 0 . 5 41 . 1 % 20 1 1 10 . 0 % Pr i v a t e .. . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . ~ . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 S n a k e R i v e r O v e r l o o k WA 16 6 . 0 29 . 9 % 20 1 1 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . ~ ~ . . . . . . . . . . . . . . . . . . . _ . . . . . . . - . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 C h r l s t m i s V a l l e y OR 45 0 . 0 32 . 9 % 20 1 2 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . _ . . . . . . . . . . . . . _ _ . . . . 20 G r o u s e C r e e k UT 30 0 . 0 33 . 1 % 20 1 2 10 0 % Pr i v a t e ... . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . _ . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 V a r i o u s ( 4 P r o j e c t s ) MN , W i , 1 0 , A R 20 0 0 . 0 36 . 8 % 20 1 1 10 0 % Pr i v a t e .~ . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . _ - _ . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Co m p l e t e d On g o i n g Ne w I n s t a l l a t i o n EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 1 6 Pr o j e c t P P A S u m m a r y a s o f J u n e 2 0 0 8 Na m e St a t e o f U a k e r Po w e r M a r k e ! Pr o p o s e d W T G T r a n s m i s s i o n Li n e ( k V ) Ma x i m u m N e t El e c t r i c Pr o d u c t i o n (M W h ) Ca p a c i t y P P A R a t e P P A (M W ) ( S / M W h ) E s c a l a t o r (% ) RE C R a l e R E C ($ / M W h ) E s c a l a t o r P P A D a t e (C e n t s ) S i g n e d 6 * M a g i c W i n d 10 Id a h o P o w e r IP C TB A TB A TB A 20 . 0 TB A TB A TB A TB A 6/ 6 / 2 0 0 6 * C o m p a n y i s i n f i n a l n e g o t i a t i o n t o a c q u i r e M a g i c W i n d . T h e p r o j e c t i s f u l l y p e r m i t t e d , P P A r e a d y , & r e a d y t o b e b u i l EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i t a r y an d C o n f i d e n t i a PA G E 1 7 ct..ctC "Cs:.-~o.--o'+..:IoQ. ?r:I Q)s: UJ ~c:x 00"t l. '.: ':a. ~ëOJ ;g §U "0Ctt,. ro Qí"§. 2a. ::::o~o f-Z;. 2::: gi::;t.o ?-o~;.X:. ::\C~t~i.~:'::: ::" .~"~"' ". ._ 'w ',W ",.J"'¡i¡i¡ié~c~,¡i',% ,Sc ~%,,~c, i"!" ollonJOd ~~,J "::~~,;~~,,,:;,~:'~"':i::~' "':(.lf~;.1¡,~¡:::,~;:~",),,~L, ~ ~ ~ , " , '", , · :t+ fj ~ "t\ 0,4" "';;, XR G i s i n f i n a l n e g o t i a t i o n t o a c q u i r e s i t e s t h a t w i l l le a d t o an a d d i t i o n a l 51 1 M W o f w i n d p r o j e c t s t o it s c u r r e n t p i p e l i n e o f 4 , 7 3 5 M W o f p r o j e c t s un d e r . c o n t r o l Pr o j e c t Ca p a c i t y No Na m e St a t e (M W ) 2 Ca s t l e R o c k W i n d WY 20 0 4 Sn o w y P a s s WY 20 I 6 Ra n c h o G r a n d e ( w i n d & P V ) NV 20 0 To t a l 51 1 * C o m p a n y i s i n f i n a l n e g o t i a t i o n t o a c q u i r e M a g i c W i n d . T h e p r o j e c t i s f u l l y p e r m i t t e d , P P A r e a d y , & r e a d y t o be bu i l t EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 1 9 RP S (R e n e w a b l e P o r t f o l i o S t a n d a r d ) Ex i s t i n g s t a t e l a w s r e q u i r i n g r e n e w a b l e en e r g y w i l l r e s u l t i n 5 0 , 0 0 0 M W o f w i n d en e r g y b y 2 0 2 0 ( a s s u m e s n o f u r t h e r s t a t e s en a c t R P S r e q u i r e m e n t s ) (s o u r c e : E m e r g i n g E n e r g y R e s e a r c h ) EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 0 c:o T"N Liø oi Q. o--..(. COtfc: CO~ :i 1: -8c 8i ~'lãeQ. ~ 8 t3 ~¡:;: ~..¡: irci ~ ~ Sa l i e n t p o i n t s t h a t d r i v e X R G ' s d e s i r e t o s e e k a w e l l - c a p i t a l i z e d pa r t n e r .: . X R G ' s c o n t i n u e d g r o w t h i s e x p e c t e d t o e x c e e d f u n d i n g a r r a n g e m e n t s w i t h t h e i r c u r r e n t sh a r e h o l d e r s .: . A s a m i d - s i z e d e v e l o p m e n t c o m p a n ) ' X R G w i l l n o t b e a b l e t o u t i l i z e t h e t a x - b e n e f i t s t h a t w i l l co m e f r o m t h e p r o j e c t s a n d w i l l r e q u i r e t a x i n v e s t o r ( s ) .: . X R G n e e d s a d d i t i o n a l d e v e l o p m e n t c a p i t a l f o r : · P a r t o f P r o j e c t d e v e l o p m e n t e x p e n d i t u r e s · T r a n s m i s s i o n r e q u i r e m e n t s · T u r b i n e d e p o s i t s · P P A S e c u r i t y · B a l a n c e o f P l a n t b u i l d o u t · A c q u i s i t i o n o p p o r t u n i t e s .: . F o l l o w i n g c o m p l e t i o n o f p r o j e c t d e v e l o p m e n t , X R G a l s o n e e d s a d d i t i o n a l c a p i t a l t o c o n s t r u c t th e p o r t f o l i o · B l e n d o f o p e r a t i o n s a n d d e v e l o p m e n t w i l u l t i m a t e l y b e s e l f - s u s t a i n i n g a n d h i g h l y p r o f i t a b l e · F u t u r e c o m p a n y w i l b e w e l l p o s i t i o n e d f o r a s a l e , I P Q , o r l o n g - t e r m i n f r a s t r u c t u r e h e d g e EX E R G Y D E V E L O P M E N T G R O U P Pro p r i e t a r y an d C o n f i d e n t i a l PA G E 2 2 De s i r e d T r a n s a c t i o n S t r u c t u r e .: . X R G ì s s e e k ì n g a s t r a t e g i c p a r t n e r w ì t h f i n a n c i a l r e s o u r c e s t o d r ì v e c o n t i n u e d g r o w t h a n d m a x i m ì z e th e v a l u e o f i t s p r o j e c t p i p e l i n e .: . X R G , w ì t h t h e s u p p o r t o f ì t s p a r t n e r , s h a l l b r ì n g t o c o m m e r c i a l o p e r a t i o n p r o j e c t s w h ì c h a r e co n s t r u c t ì o n r e a d y , b r ì n g n e a r - t e r m p r o j e c t s t o c o n s t r u c t ì o n r e a d y , m o v e f o r w a r d o n a d d ì t i o n a l de v e l o p m e n t a n d c o n t ì n u e t o g r o w i t s p r o j e c t p ì p e l i n e .: . W h e n p r o j e c t s r e a c h c o m m e r c i a l o p e r a t ì o n , X R G a n d t h e p a r t n e r m a y : .: . D e v e l o p , C o n s t r u c t a n d H o l d M o d e l : As s u m e t h e f u l l o w n e r s h ì p o f t h e p r o j e c t a n d r e a p t h e t a x b e n e f i t s OR .: . D e v e l o p , C o n s t r u c t a n d F i n a n c e M o d e l : Re c o u p t h e d e v e l o p m e n t e x p e n s e s a n d r e a l i z e a d e v e l o p m e n t r e t u r n u t i l i z ì n g a m a r k e t - b a s e d fì n a n c i n g s t r u c t u r e . F o r e x a m p l e , a t h i r d - p a r t y t a x e q u ì t y p a r t n e r w o u l d t a k e 9 9 0 , 1 o w n e r s h ì p of t h e p r o j e c t s u n t i l t h e l O - y e a r P T e p e r i o d i s c o m p l e t e d a n d a r e t u r n h u r d l e ì s a c h ì e v e d . A f t e r th e P T e p e r ì o d i s c o m p l e t e d a n d t h e t a x i n v e s t o r ' s r e t u r n h u r d l e i s a c h i e v e d , X R G w o u l d as s u m e s 8 0 % o f t h e p r o j e c t o w n e r s h i p a n d c a s h f l o w o r t u r n t o t h e o f f - t a k e r f o r a n a s s e t s a l e . .: . X R G i s f l e x i b l e i n e n t e r t a i n i n g p r o p o s a l s f r o m p o t e n t i a l s t r a t e g ì c p a r t n e r s a n d s h a l l c o n s i d e r t h e ou t r ì g h t p u r c h a s e o f 1 0 0 % o r a s m a l l e r p e r c e n t a g e o f X R G p r o j e c t c o m p a n ì e s a n d / o r o t h e r s t r u c t u r e s wh ì c h b e t t e r a l l o w f o r r ì s k a l l o c a t i o n , g a ì n s h a r ì n g , o r b o o k / t a x e f f i c i e n c y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d E l n t l a l PA G E 2 3 ~- ~ - - ~ ~ " " ~ = = De v e l . o p , . C o n s t r u c t a n d H o l d M o d e l As s u m p t ì o n s : .: . X R G , w i t h i t s n e w s t r a t e g i c p a r t n e r , f u l l y d e v e l o p s t h e i r p o r t f o l i o o f 4 , 7 3 5 M W o v e r t h e n e x t fi v e t o s e v e n y e a r s o n a r o l l - o u t o f a p p r o x . X X X I M W a v e r a g e p e r y e a r a g g r e g a t i n g t o $ X . X bi l l i o n l . I t i s a s s u m e d t h a t a n y p o r t f o l i o a t t r i t i o n w o u l d b e o f f s e t b y t h e a d d i t i o n o f n e w pr o j e c t s .: . W e a s s u m e t h a t e a c h p r o j e c t , u p o n c o m m e r c i a l o p e r a t ì o n , a c h i e v e s a n a v e r a g e u n - l e v e r a g e d af t e r - t a x r e t u r n o f o v e r 9 % , o v e r a t w e n t y y e a r h o l d p e r i o d , a s s u m i n g a c o r p o r a t e t a x r a t e o f 40 % , f u l l c u r r e n t u t i l i z a t i o n o f t h e a v a i l a b l e F P T C ' s a n d d e p r e c i a t i o n , a n d a 2 0 % t e r m i n a l v a l u e Re s u l t s : .: . A s s u m i n g t h a t t h e s t r a t e g i c p a r t n e r h a s a b l e n d e d a f t e r - t a x c o s t o f c a p i t a l o f 7 . 5 0 / 0 , t h e n e t pr e s e n t v a l u e w h i c h w i l l b e e a r n e d o v e r t i m e b y X R G w i l l b e a p p r o x . $ X X X m i l l i o n I , 2 1 P l e a s e r e f e r t o X R G F i n a n c i a l M o d e l 2 P r i o r t o a n y P r e m i u m P a i d t o X R G a s p a r t o f t h e a c q u i s i t i o n EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 4 De v e l o p , C o n s t r u c t a n d Fin a n c e Mo d e l As s u m p t i o n s : .: . W e a s s u m e t h e e x a c t s a m e p o r t f o l i o s c e n a r i o o f t h e p r e v i o u s s l i d e b u t f u r t h e r a s s u m e t h a t a t th e c o m m e r c i a l o p e r a t i o n o f e a c h p r o j e c t , a t a x f i n a n c i n g s t r u c t u r e w i l l b e u t i l i z e d , a l l o w i n g XR G t o f u l l y r e c o u p a l l d e v e l o p m e n t c o s t s a n d a l l o w i n g f o r a " 9 9 / 1 " u n l e v e r a g e d t a x s t r u c t u r e , wh e r e X R G w o u l d b e c o m e t h e 1 % p a r t n e r .: . T h e 9 9 / 1 s t r u c t u r e , a s s u m i n g a : l ( 7 . 5 % ) c o s t o f e q u i t y , w h e n a p p l i e d t o t h e m o d e l e d p o r t f o l i o wi l l r e q u i r e a p p r o x i m a t e l y $ X X m i l l i o n 1 i n i n v e s t m e n t b y X R G b u t w o u l d e n t i t l e t h e c o m p a n y to t h e n f u l l y c o n t r o l t h e p o r t f o l i o a n d o w n 8 0 % o f t h e c a s h f l o w y e a r s 1 1 - 2 0 p l u s 8 0 % o f t h e te r m i n a l v a l u e o f t h e p r o j e c t .: . T h e d e v e l o p m e n t r e t u r n i s a f u n c t i o n o f t h e d i f f e r e n c e b e t w e e n t h e p r o j e c t a f t e r - t a x I R R ( 9 % ) an d t h e h u r d l e r a t e o f t h e t a x e q u i t y p a r t n e r ( 6 . 7 5 % t o 7 . 5 % ) Re s u l t s : .: . X R G w o u l d e a r n i n t h i s s c e n a r i o .: . R e p a y m e n t o f c a p i t a l i z e d d e v e l o p m e n t c o s t s 2 .: . D e v e l o p m e n t r e t u r n s a n d o w n e r s h i p N P V o f $ X X X m i l l i o n 1 a t 7 . 5 % d i s c o u n t r a t e o v e r 2 0 ye a r s 2 1 P l e a s e r e f e r t o X R G F i n a n c i a l M o d e l 2 P r i o r t o a n y P r e m i u m P a i d t o X R G a s p a r t o f t h e a c q u i s i t i o n . T h e s e r e t u r n s a r e p o t e n t i a l l y a v a i l a b l e t o a b u y e r o f X R G w h o w i l i n v e s t t h e n e c e s s a r y de v e l o p m e n t ø q u i t y t o l e a s e s i t e , p r o c e s s p e r m i t s , s e c u r e t u r b i n e r i g h t s , p o s t s e c u r i t i e s a r o u n d P P A s , s u p p o r t s t u d i e s , a n d s u p p o r t c o n s t n i c t i o n fi n a n c i n g e n r o u t e t o u t i l z i n g m a r k e t - b a s ø d l o n g - t e r m p r o j e c t f i n a n c i n g w h i c h w o u l d a l l o w s f o r f u l l r e c o u p i n g o f a l l c o s t i n c u r r e d EX E R G Y D E V E L O P M E N T G R O U P Pro p r i e t a r y an d C o n f i d e n t i a l PA G E 2 5 o CD C\---UJø ci0. c:-- (/..(. (1-~oJi C. ëã¡Q):g 'E8 -get~et ¡C.eQ. 0. ~c. ~¡. ~¡. Gi Cl;: ~ ~ Id a h o Q F P r o j e c t s Va r i o u s C o u n t i e s , 1 0 Q3 - Q 4 2 0 0 9 10 0 % 13 8 M W 10 , 6 0 0 a c r e s Le a s e s s i g n e d w i t h t h e p r i v a t e o w n e r s o f t h e p r o p e r t i e s Co m p l e t e No Id a h o Q F M a r k e t Va r i o u s d i s t a n c e t o v a r i o u s s u b s t a t i o n s ( s e e a p p e n d i x f o r p r o j e c t d e t a i l ) Pl e a s e s e e e a c h i n d i v i d u a l p r o j e c t . P r o j e c t s c o n n e c t t o 3 4 . 5 k V I d a h o P o w e r d i s t r i b u t i o n sy s t e m ( n o e a s e m e n t s r e q u i r e d ) . Pl l z & C o m p a n y p e r f o r m e d t h e E n v i r o n m e n t a l A n a l y s i s . A m e r i c a n G e o t e c h n l c s co m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 1 2 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 B - G1 1 6 7 1. T F C P Z A I s s u e c t a pe r m i t f o r t h e p r o j e c t 2. I D F & G i s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y D i s t r i c t i s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C i s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d i m p l e m e n t e d 6 p r i m a r y t o w e r s ( 6 0 m , 5 0 m & 3 0 m ) , 6 c o r r e l a t i n g t o w e r s ( 5 0 m & 2 0 m ) - 4 y e a r s 31 . 0 % PP A w i t h I d a h o P o w e r C o m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 2 7 Bi g B l u e P h a s e i Fa r i b a u l t C o u n t y , M N Q4 2 0 0 9 10 0 % 36 M W Bi g B l u e P h a s e I I ( 3 0 M W ) , I I I (1 0 0 . 5 M W ) , a n d I V ( 1 3 3 . 5 M W ) EX E R G Y D E V E L O P M E N T G R O U P 8,0 0 0 ac r e s Mu l t i p l e l e a s e s s i g n e d ( a v a i l a b l e I n t h e D a t a R o o m ) Pr o p o s e d p l a n t o I n s t a l l 2 4 G E 1 . 5 M W t u r b i n e s No MI S O On s l t e 1 6 1 k V t r a n s m i s s i o n l i n e a n d s u b s t a t i o n No t r e q u i r e d 36 M W w i t h I n t e r m i t t e n c y u p t o 1 0 0 M W Al U a n t E n e r g y c o m p l e t e d F a c U l t i e s S t u d y o n A u g u s t 1 8 , 2 0 0 6 . L a r g e G e n e r a t o r In t e r c o n n e c t i o n A g r e e m e n t s i g n e d w i t h A l l a n t o n J a n u a r y 2 4 , 2 0 0 7 G3 5 8 M I S O n u m b e r 3 7 8 9 4 - 0 1 DF W & D N R g a v e p r e l i m i n a r y c o m m e n t s s t a t i n g n o k n o w n f e d e r a l l y l i s t e d t h r e a t e n e d o r en d a n g e r e d s p e c i e s w i t h i n t h e p r o j e c t b o u n d a r y Jo D a v l e s s T o w n s h i p I s s u e d C o n d i t i o n a l U s e P e r m i t o n J a n u a r y 1 6 , 2 0 0 7 . X R G s u b m i t t e d Si t e P e r m i t A p p l i c a t i o n t o P U C & D e p t . o f C o m m e r c e o n J u n e 1 0 , 2 0 0 6 . St a t e H i s t o r i c p r e s e r v a t i o n s u g g e s t e d a s u r v e y 4 M e t T o w e r s ( 6 0 m & 5 0 m ) - 4 y e a r s 41 . 2 % ( G r o s s ) ; 7 % ( L o s s ) ; 3 8 . 3 % ( N e t ) PP A w i t h S M M P A Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 8 Ma l t a Ca s s i a C o u n t y , I D Q2 2 0 1 0 10 0 % 80 M W G, G O O a c r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 3 / 1 4 / 2 0 0 7 w i t h J . R . S i m p l o t C o m p a n y ; Wi n d P a r k G r o u n d L e a s e s i g n e d w i t h Ra f t R i v e r R a n c h Pr e l i m i n a r y No Mi d C / C o b b 2m l i e s In - p r o g r e s s Su p p o r t s a t l e a s t 7 0 M W Sy s t e m I m p a c t S t u d y i n p r o g r e s s G0 2 4 6 , G 0 2 4 G , G 0 2 4 7 a n d G 0 2 4 8 w i t h 8 0 n n e v l l e P o w e r A d m i n i s t r a t i o n Me e t s o r e x c e e d s c o u n t y r e q u i r e m e n t s In - p r o g r e s s 2 m e t t o w e r s ( G O m & 3 0 m ) - 2 y e a r s 32 . 4 % In n e g o t i a t i o n w i t h P a c i f i C o r p EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d Co n f i d e n t i a l PA G E 2 9 Be l l R a p i d s 7 0 M W Tw i n F a l l s C o u n t y , 1 0 Q4 2 0 0 9 10 0 % 70 . 5 M W 2,2 6 0 ac r e s Wi n d P r o j e c t G r o u n d L e a s e w a s s i g n e d w i t h M a r k & S u s a n P o t t e r o n 1 0 / 1 0 / 2 0 0 7 ; W i n d Pa r k E a s e m e n t A g r e e m e n t w a s s i g n e d w i t h O ' C o n n o r E n t e r p r i s e s , I n c . o n 1 1 / 1 8 / 2 0 0 6 (R e v i s e d o n 4 / 3 0 / 2 0 0 8 ) In i t i a l l a y o u t c o n t e m p l a t e d Ye s - I n p r o g r e s s Mi d C / C o b b On s l t e No t a p p l i c a b l e 70 . 6 M W Fa c U l t y S t u d y #1 1 7 Me e t s o r e x c e e d s c o u n t y r e q u i r e m e n t s In . p r o g r e s s 1 P r i m a r y t o w e r ( 5 0 m ) , 3 c o r r e l a t i n g t o w e r s ( 5 0 r n & 2 0 m ) - 4 y e a r s 29 . 2 % In n e g o t i a t i o n w i t h A v i s t a EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 3 0 Bi g B l u e P h a s e I I Fa r i b a u l t C o u n t y , M N Q3 2 0 1 0 10 0 % 30 M W Bi g B l u e p h a s e I ( 3 6 M W ) , " ( 3 0 M W ) . I U (1 0 0 . 5 M W ) , a n d I V ( 1 3 3 . 5 M W ) 8,0 0 0 ac r e s Mu l t i p l e l e a s e s s i g n e d ( a v a i l a b l e i n t h e D a t a R o o m ) Co m p l e t e . D e p e n d e n t o n t u r b i n e s e l e c t i o n No MI S O On s l t e 6 9 k V t r a n s m i s s i o n l i n e a n d s u b s t a t i o n No t r e q u i r e d 30 M W No a p p l i c a t i o n t o d a t e No n e DF W & D N R g a v e p r e l i m i n a r y c o m m e n t s s t a t i n g n o k n o w n f e d e r a l l y l i s t e d t h r e a t e n e d o r en d a n g e r e d s p e c i e s w i t h i n t h e p r o j e c t b o u n d a r y Jo D a v i e s s T o w n s h i p Is s u e d C o n d i t i o n a l U s e P e r m i t o n J a n u a r y 1 6 , 2 0 0 7 . X R G s u b m i t t e d Si t e P e r m i t A p p l i c a t i o n t o P U C & D e p t . o f C o m m e r c e o n J u n e 1 0 , 2 0 0 6 . St a t e H i s t o r i c p r e s e r v a t i o n s u g g e s t e d a s u r v e y 4 M e t T o w e r s ( 6 0 m & 5 0 m ) - 4 y e a r s 38 . 3 % In n e g o t i a t i o n w i t h M I S O Pro p r t a r y an d C o n f i d e n t i a l PA G E 3 1 20 0 M W Ja c k R a n c h Tw i n F a l l s C o u n t y , 1 0 Q4 2 0 0 9 ( p h a s e s I ) 10 0 % N/ A 20 , 0 0 0 a c r e s Wl i i d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 0 / 5 / 2 0 0 6 w i t h J . R . S i m p l o t S e l f - De c l a r a t i o n o f R e v o c a b l e T r u s t 11 1 V e s t a s V 9 0 t u r b i n e s No Ml d C / C o b b 34 5 k V b i s e c t s s i t e No t a p p l i c a b l e 20 0 M W o f N R s o u t h - 3 0 0 M W o f N R / E R n o r t h Sy s t e m I m p a c t S t u d y #2 5 7 TR E C , I n c . c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l Im p a c t f o r P l l z & C o , L L C o n be h a l f o f E x e r g y D e v e l o p m e n t W i n d P r o j e c t s . O n 3 / 2 0 / 2 0 0 6 1. A p p l i e d t o T w i n F a l l s C o u n t y P l a n n i n g & Z o n i n g A d m i n i s t r a t i o n f o r C U p e r m i t f o r th i s p r o j e c t 3 M e t T o w e r s ( 5 0 m & 3 0 m ) - 4 y e a r s 33 . 1 % On g o i n g d i s c u s s i o n s w i t h P a c i f l C o r p / S P I V l d a h O P o w e r EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 3 2 Ne w D a w n 10 0 % Ca s c a d e C o u n t y , M T 70 . 5 M W La n d L e a s e A g r e e m e n t w i t h A l l e n a n d K a r l a N e u m a n n , H i l c r e s t C o l o n y , I n c . , J a m e s a n d Mi c h e l l e N e u m a n n , R o n a l d a n d D e b r a L a u b a c h , a n d T i m o t h y a n d V i c k i e D r o w n Pr e l i m i n a r y Ye s Ye t t o b e d e t e r m i n e d Ye t t o b e d e t e r m i n e d Pr e l i m i n a r y a s s e s s m e n t Co u n t y c o n s t r u c t i o n p e r m i t n e c e s s a r y Co r r e l a t i n g f r o m w i n d m a p B e 1 o f f - s i t e m e t t o w e r EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 3 3 '. - - - - - - - ~ - J Cr e i g h t o n Pe n n i n g t o n C o u n t y , S O Q4 2 0 1 0 10 0 % 20 0 M W 4,7 2 0 ac r e s Wi n d P r o j e c t G r o u n d L e a s e s l i n e d w i t h R a n d y G & C a l e n e B a b c o c k o n 9 / 1 2 / 2 0 0 7 a n d Go r d o n & G l a d y s B a b c o c k o n ì / 2 9 / 2 0 0 8 Pr e l i m i n a r y Cu r r e n t l y e x e c u t e d a g r e e m e n t s s u p p o r t m o r e t h a n 1 0 0 M W . A c q u i r i n g m o r e l a n d cu r r e n t l y MI S O 3m l l e s No t n e g o t i a t e d WA P A 2 3 0 k V l i n e LG I A s u b m i t t e d 6 / 1 1 / 2 0 0 8 GI - 0 8 1 3 I n t h e g e n e r a t i o n i n t e r c o n n e c t i o n q u e u e No n e to d a t e In - p r o g r e s s 1 m e t t o w e r ( 6 0 m ) - 3 m o n t h s . 1 o f f - s i t e m e t t o w e r 38 . 6 % In i t i a l d i s c u s s i o n w i t h B l a c k H i l s P o w e r EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 3 4 ~ ~ Ju l e s b u r g Ke i t h C o u n t y , N E Q3 2 0 1 0 10 0 % 10 0 . 5 M W 3,0 0 0 ac r e s Wi n d P r o j e c t G r o u n d L e a s e s i g n e d w i t h D r y R a n c h C o m p a n y , L L C o n 8 / 3 1 / 2 0 0 7 Pr e l i m i n a r y No , b u t I n t e n d to a d d a c r e a g e MI 5 0 , N P P D 5 mi l e s Ye t t o b e d e t e r m i n e d Ye t t o b e d e t e r m i n e d Ye t t o b e d e t e r m i n e d No n e Ye t t o b e d e t e r m i n e d In - p r o g r e s s 1 m e t t o w e r ( 6 0 m ) - 3 m o n t h s . 1 o f f - s i t e m e t to w e r 37 ; 6 % On g o i n g d i s c u s s i o n w i t h X c e l E n e r g y Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 3 5 Bi g B l u e P h a s e I I Fa r i b a u l t C o u n t y , M N Q3 2 0 1 1 10 0 % 10 0 . 5 M W Bi g B l u e ph a s e . I ( 3 6 M W ) , I I ( 3 0 M W ) , I U (1 0 0 . 5 MW ) , a n d I V ( 1 3 3 . 5 M W ) 8,0 0 0 ac r e s Mu l t i p l e l e a s e s s i g n e d ( a v a i l a b l e I n t h e D a t a R o o m ) Co m p l e t e . D e p e n d e n t o n t u r b i n e s e l e c t i o n No MI S O On s l t e 1 6 1 k V t r a n s m i s s i o n l I n e a n d s u b s t a t i o n No t r e q u i r e d 36 M W w i t h I n t e r m i t t e n c y u p t o 1 0 0 . 5 M W Ye t t o b e d e t e r m i n e d No n e DF W & D N R g a v e p r e l i m i n a r y c o m m e n t s s t a t i n g n o k n o w n f e d e r a l l y l i s t e d t h r e a t e n e d o r en d a n g e r e d s p e c i e s w i t h i n t h e p r o j e c t b o u n d a r y Jo D a v l e s s T o w n s h i p i s s u e d C o n d i t i o n a l U s e P e r m i t o n J a n u a r y 1 6 , 2 0 0 7 . X R G s u b m i t t e d Si t e . P e r m l t A p p l i c a t i o n t o P U C & D e p t . o f C o m m e r c e o n J u n e 1 0 , 2 0 0 6 . St a t e H i s t o r i c p r e s e r v a t i o n s u g g e s t e d a s u r v e y 4 M e t T o w e r s ( 6 0 m & 5 0 m ) - 4 y e a r s 38 . 3 % On g o i n g d i s c u s s i o n w i t h M I S O EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 3 6 Ye l l o w s t o n e C o u n t y , M T Q3 2 0 1 0 10 0 % 15 0 M W 8,0 0 0 ac r e s Wi n d P r o j e c t G r o u n d L e a s e , s i g n e d w i t h M o u n t a i n V i e w C o l o n y o n 6 / 1 3 / 2 0 0 8 Pr e l i m i n a r y No Ml d C / C o b b On s l t e 2 3 0 k V - f l o w s t o s u b s t a t i o n w h i c h c o n n e c t s t o d u a l 5 0 0 k V , 2 m i l e s d i s t a n t Ye t t o b e d e t e r m i n e d Ye t t o b e d e t e r m i n e d LG I A s u b m i t t e d t o N o r t h W e s t e r n 6 / 6 / 2 0 0 8 Fe a s i b i l t y S t u d y t o b e c o m p l e t e d b y 1 0 / 6 / 2 0 0 8 #4 8 Ye t t o b e d e t e r m i n e d In - p r o g r e s s 2 m e t t o w e r s o n a d j a c e n t B r o a d v i e w p r o j e c t (3 0 m ) - 5 m o n t h s . 1 o f f - s l t e m e t t o w e r . 38 . 0 % On g o l n g d i s c u s s i o n w l t h P u g e t P o w e r & P a c l f l C o r p EX E R G Y D E V E L O P M E N T G R O U P Pro p r i e t a r y an d C o n f i e n t i a l PA G E 3 7 '% - - - - - - - - - - - - - - - - - - - - - - - - = i CX (V "" '" -:ii I ..Cl~:=Q. QO 0 ..~- .~0 - ~0 Cl QO N E .::ø..0 (Ø Cl II å!0 d :!a.C'II ~~(Ø ..:i ;C'(Ø :0 0....0òC"0 ui a.0 ..Cl i i10Cl-.cCl-0 ûí "5 c ::-Cl E 0 a. I ~0 E .c.c ø 10 -'l Cl i jø0ClII..II-Z e-Cl è 0 c"5 0 -0 0.2 -:0 ¡E 1i "0 "0 ~~0 Cl ::::ø --¡¡~ø ë:I :0 ..!II ::Cl ~ci..Cl ....::II E :0 ~"CIIII0'Q 'Q ;¡ø II .:II Cl ..i!'QII(,..c c i:.J Cl 'Q :::s -c 00.5 d -0 el Õ Õ -i ()0 "0 79 ..~ëi Co c:Cl 0 "C('C ~"0 c(Q.~ QO è:E i:II 0 i c ~~"t C a:cai-i a.z 0 .:'I 0 0 N I-0 It ¡ ~Q,8 Do ~ 5~ci ¡.Zi::: 9i: ~or ~i:Xi: Pa c k e r B u t t e Fa i r f i e l d , I D Q2 2 0 1 1 10 0 % 20 M W 2,4 0 0 ac r e s Wi n d Pa r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 / 1 9 / 2 0 0 8 w i t h S a w t o o t h G r a z i n g Pr e l i m i n a r y No So R / M l d - e 60 0 fe e t In p r o g r e s s Ye t t o b e d e t e r m i n e d Fe a s i b i l t y S t u d y A g r e e m e n t s u b m i t t e d t o I d a h o P o w e r o n 5 / 2 2 / 2 0 0 8 #2 6 9 In p r o g r e s s In pr o g r e s s 1 m e t t o w e r ( 6 0 m ) - 4 m o n t h s TS D In Pr o g r e s s EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 3 9 Ca t C r e e k Fa i r f i e l d , 1 0 Q2 2 0 1 1 10 0 % 20 M W EX E R G Y D E V E L O P M E N T G R O U P 2, 4 0 0 ac r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 / 1 9 / 2 0 0 8 w i t h S a w t o o t h G r a z i n g Pr e l i m i n a r y No Bo R / M l d . C 60 0 fe e t In p r o g r e s s No t y e t d e t e r m i n e d Fe a s i b i i t y S t u d y A g r e e m e n t s u b m i t t e d t o I d a h o P o w e r o n 6 / 2 2 / 2 0 0 8 #2 6 8 In pr o g r e s s In pr o g r e s s 1 m e t t o w e r ( 6 0 m ) - 4 m o n t h s TB D In P r o g r e s s Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 4 0 Bi g B l u e P h a s e i V Fa r i b a u l t C o u n t y , M N Q4 2 0 1 3 10 0 % 13 3 . 5 M W Bi g B l u e p h a s e I ( 3 6 M W ) , I I ( 3 0 M W ) , I H (1 0 0 . 5 M W ) , a n d I V ( 1 3 3 . 5 M W ) 8,0 0 0 ac r e s Mu l t i p l e l e a s e s s i g n e d ( a v a i l a b l e i n t h e D a t a R o o m ) Co m p l e t e . D e p e n d e n t o n t u r b i n e s e l e c t i o n No MI S O On s l t e 1 6 1 k V t r a n s m i s s i o n l i n e a n d s u b s t a t i o n No t r e q u i r e d 36 M W w i t h In t e r m i t t e n c y u p t o 1 0 0 M W Ye t t o b e d e t e r m i n e d Nö n e DF W & D N R g a v e p r e l i m i n a r y c o m m e n t s s t a t i n g n o k n o w n f e d e r a l l y l i s t e d t h r e a t e n e d o r en d a n g e r e d s p e c i e s w i t h i n t h e p r o j e c t b o u n d a r y Jo D a v l e s s T o w n s h i p I s s u e d C o n d i t i o n a l U s e P e r m i t o n J a n u a r y 1 6 , 2 0 0 7 . X R G s u b m i t t e d Sit e P e r m i t A p p l i c a t i o n t o P U C & D e p t . o f C o m m e r c e o n J u n e 1 0 , 2 0 0 6 . St a t e H i s t o r i c p r e s e r v a t i o n s u g g e s t e d a s u r v e y 4 M e t T o w e r s ( 6 0 m & 5 0 m ) - 4 y e a r s 38 . 3 % On g o i n g d i s c u s s i o n w i t h M I S O EX E R G Y D E V E L O P M E N T G R O U P Pr o p r I e t a r y a n d C o n f i d e n t i a l PA G E 4 1 Be l l R a p i d s P u m p S t o r a g e Tw i n F a l l s C o u n t y , 1 0 Q3 2 0 1 1 10 0 % 70 . 5 M W W i n d / 2 0 M W H y d r o 2,2 6 0 ac r e s In - p r o g r e s s Pr e l i m i n a r y No , b u t a d d i t i o n a l a c r e a g e m a y b e a d d e d . L a n d u n d e r c o n t r o l f o r p u m p s t o r a g e f a c l U t y Mi d C / C o b b On s l t e Ye t t o b e d e t e r m i n e d Ye t t o b e d e t e r m i n e d Ye t t o b e d e t e r m i n e d No n e Ye t t o b e d e t e r m i n e d Ye t t o b e d e t e r m i n e d 1 p r i m a r y t o w e r ( 5 0 m ) , 3 c o r r e l a t i n g t o w e r s ( 5 0 m & 2 0 m ) - 4 y e a r s TB D On g o i n g d i s c u s s i o n w i t h I P C o / N W E , P P L , A v l s t a EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 4 2 Cr o o k C o u n t y , W Y Q4 2 0 1 1 10 0 % 10 0 . 5 M W EX E R G Y D E V E L O P M E N T G R O U P 2. , 7 0 0 a c r e s Wi n d P r o j e c t G r o u n d L e a s e s i g n e d w i t h L o n e s o m e C o u n t r y l i m i t e d o n 1 1 / 1 9 / 2 0 0 7 Pr e l i m i n a r y No , b u t a d d i t i o n a l l a n d c o u l d a d d a n o t h e r 7 0 M W MI S O -1 0 m i l e s Ye t t o b e D e t e r m i n e d Ye t t o b e De t e r m i n e d Ye t t o b e D e t e r m i n e d No n e Ye t t o b e D e t e r m i n e d In - p r o g r e s s Co r r e l a t i n g f r o m w i n d m a p & 1 o f f - s l t e m e t t o w e r 41 . 1 % Pr e l i m i n a r y n e g o t i a t i o n s w i t h B l a c k H i f l s P O W e r Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 4 3 Sn a k e R i v e r O v e r l o o k Wa l l a W a l l a C o u n t y , W A Q4 2 0 1 2 10 0 % 16 5 M W EX E R G Y D E V E L O P M E N T G R O U P 7,0 0 0 ac r e s In - p r o g r e s s Pr e l i m i n a r y No Ml d C / C o b b 2 m i l e s t o 2 3 0 k V l i n e , 6 9 k V l i n e Ye t t o b e D e t e r m i n e d Ye t t o b e D e t e r m i n e d Ye t t o b e D e t e r m i n e d No n e Ye t t o b e D e t e r m i n e d In - p r o g r e s s Co r r e l a t i n g f r o m w i n d m a p & 1 o f f - s i t e m e t t o w e r 29 . 9 % Pr e l i m i n a r y n e g o t i a t i o n s w i t h A v l s t a Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 4 4 MB i W - - I LO~ Liø 'dc. 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"C ¡CDe'l CD ., üi e..:¡e "C CD 0E-() CD ~a:~"C i.::Z:p 't Q.e 'l Q.0 e (I;;"ê -gQ,0 0 lU "C 't ffeCD lU Q, ~"C "C ii (I-"C CD CD -d-e ::e e ti e 8 0 CD Ë Ë :0 CD enti~J:~::.!.!....lU CD E iu:i ~CD 't e..-:i CD :llU~lU ti CD ~-l0:i 't 0 0 ..~ti .c0CDUCDCDCDti"C e e 00e:¡CD .c .c e ã.g :=i.~()Ò i...:§Qj Ë Q,0 èJ"C lU ~0 0 ti CD e a:0 e Q,::--e e .:i.~to ::---õ ~"C~0 0 0 ~~0 e iT'z z :l z Q.Z Z :;i C'õ~ (I -c:en 0(I (,c:~en (I~('"C~c:~c: ê 0 ::("eniii"l (I~c:a (,0 en(,0 3:c:(I en -~õ ~::.2(I ~0 ~~ (I 0 ?f 'eo c:("0 ::.c c:0 0 ~en ._"l 0 ("It :E :E a '"l ~(j~Zr.f 9r.:;r.ci~v0:r.Xr. t; UJø "Í Cl ~" '€8i lECl (1oo C\;;:- CO~c: CO"" ~ ~~:, 9i:;;i:o~ ~i: ~ Th e i n f o r m a t i o n c o n t a i n e d i n t h i s m e m o r a n d u m is p r o v i d e d f o r i l u s t r a t i v e p u r p o s e s o n l y a n d ma y b e s u b j e c t t o c h a n g e a s t h e p o r t f o l i o ex p a n d s o r d i m i n i s h e s . A n y e s t i m a t e s a n d pr o j e c t i o n s ( f i n a n c i a l o r o t h e r w i s e ) c o n t a i n e d he r e i n i n v o l v e e l e m e n t s o f s u b j e c t i v e j u d g m e n t an d a n a l y s i s b a s e d o n f o r w a r d - l o o k i n g as s u m p t i o n s t h a t m a y o r m a y n o t b e c o r r e c t . Ho w e v e r , t h e i n f o r m a t i o n i s b a s e d o n t h e co l l e c t i v e e x p e r i e n c e o f E x e r g y a n d i t s T e a m . Ex e r g y D e v e l o p m e n t G r o u p , L L C m a k e s n o re p r e s e n t a t i o n o r w a r r a n t y , e x p r e s s e d o r i m p l i e d , as t o t h e c o m p l e t e n e s s o f t h e i n f o r m a t i o n co n t a i n e d i n t h i s m e m o r a n d u m . T h i s me m o r a n d u m d o e s n o t p u r p o r t t o c o n t a i n . a l l o f th e i n f o r m a t i o n t h a t m a y b e r e q u i r e d t o e v a l u a t e th e s a i d p o w e r p l a n t s . T h i s m a t e r i a l i s n o t f o r ex t e r n a l d i s t r i b u t i o n . . . EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C o n f I d e n t i a l PA G E 2 ,~ ~ / , ,, l : j B x ~ c u t i v e S u m m a r y . . . . . . . . . ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; . . . . . . . . . ; . - 4 ' - Se t t i ~ r F : . t ~ h i ~ ~ n y P r o f i l e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¡ . . . . . . . . . . . . . . . . . . . . . : ; : 6 .. . . " " " ' c ; t . . ' c , . c c - c" c . . . . , ! . . _. ~ . . : S e c t ì ( ) r f 3 ; P o r t f ö l i o I n f o r m a t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Se c t î ò r t 4 : T r a n s a c t i o n I n f o r m a t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0 Se c t i o n 5 : P r o j e c t s i n P o r t f o l i o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 '" Id a h o Q F ( f i r s t 1 0 p r o j e c t s ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Bi g B l u e P h a s e I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . : . . . . . . . 2 4 ' Ma l t a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 5 Be l l R a p i d s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 6 Bi g B l u e P h a s e I I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 7 Ja c k R a n c h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 8 Ne w D a w n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 9 Cr e i g h t o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 0 Ju l e s b u r g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1 Bi g B l u e P h a s e I I I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Ac t o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 Br o a d v i e w . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Pa c k e r B u t t e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 Ca t . C r e e k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 Bi g B l u e P h a s e 1 1 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' " 3 7 Be l l , . ~ a p i d s w / S P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 8 De ~ t ~ C a u l d r o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9 Sn a k . ê ' Ri v e r O v e r l o o k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 0 Ch r i s t m a s V a l l e y . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 1 GrO U . . . . f . il ; e. ' . . . , ' . C r e e k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2 ', , ' . . . : ; ' ~ ; : ; : . . . . . . . . .: . V a r i o u s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 Se c t i o n 6 : D e s c r i p t i Ö f t ' o f I d a h o Q F P r o j e c t s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4 .: . .: . .: . .: . .: . .: . .: . .: . .: . .: - .: . .:-.:- EX E R G Y D E V E L O P GR O U P Pr i e t a r y a n d C o n f i d e n i a l PA G E 3 (1 ~~t:..l.(.0 ca -:a- t:E0 (J::--..:J(.(J)( LL 1!ë.l ~'t 16 li: £ '":: ~Ü ¡.Zw ~w iic: ~ ~ Ex e r g y D e v e l o p m e n t G r o u p , L L C ( " X R G " o r t h e " C o m p a n y " ) i s o n e o f t h e l a r g e s t in d e p e n d e n t w i n d e n e r g y d e v e l o p m e n t c o m p a n i e s i n N o r t h A m e r i c a . T h e C o m p a n y , fo u n d e d i n 2 0 0 1 , h a s . i t s m a i n o f f i c e i n B o i s e , I d a h o . X R G ' s f o c u s i s o n d e v e l o p ì n g co m m e r c i a l l y s u c c e s s f u l a n d e n v i r o n m e n t a l l y e f f i c i e n t w i n d e n e r g y p r o j e c t s i n t h e We s t e r n a n d M i d w e s t e r n U n i t e d S t a t e s . T h e C o m p a n y d e v e l o p s w i n d e n e r g y p r o j e c t s fr o m c o n c e p t i o n t h r o u g h c o n s t r u c t i o n a n d c o m m e r c i a l o p e r a t i o n . C o l l e c t i v e l y , X R G ma n a g e m e n t h a s o v e r 1 2 0 y e a r s o f r e n e w a b l e e n e r g y e x p e r i e n c e a n d 1 6 0 y e a r s o f e n e r g y ex p e r i e n c e . XR G s e e k s t o e x p l o r e s t r a t e g i c a l t e r n a t i v e s t o d r i v e t h e g r o w t h o f t h e C o m p a n y b y co m p l e t i n g i t s 4 , 7 3 5 M W o f w ì n d p r o j e c t s i n d e v e l o p m e n t a n d e x p a n d ì n g i t s p i p e l i n e . A st r a t e g i c p a r t n e r , t h r o u g h a j o i n t v e n t u r e w i t h X R G , w i l ì m m e d i a t e l y r e c o g n i z e v a l u e i n th e C o m p a n y ' s b l u e c h i p m a n a g e m e n t t e a m , h i g h l y r e g a r d e d r e p u t a t i o n , s t r a t e g i c ge o g r a p h i c a l f o c u s a n d s i z e a b l e p o r t f o l i o o f l a r g e p r o j e c t s e x p e c t e d t o m a t u r e o v e r t h e ne x t s e v e r a l y e a r s . XR G w i l e n t e r t a i n b o t h t y p i c a l d e a l s t r u c t u r e s a n d c r e a t i v e p r o p o s a l s f r o m i n t e r e s t e d pa r t i e s , b u t l e a d i n g c o n s ì d e r a t i o n s w i l i n c l u d e : a ) t h e p r o p o s e d e c o n o m i c s , b ) t h e cu l t u r a l f i t b e t w e e n X R G a n d t h e p a r t n e r a n d c ) t h e p a r t n e r ' s a m b i t i o n a n d c o m m i t m e n t to a s s i s t ì n t h e g r o w t h o f X R G ' s c u r r e n t p o s i H o n a s a l e a d i n g p l a y e r i n t h e w i n d m a r k e t . EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 5 o ~ CL (0 w" c: Q. coC. Eo(. ~ëo'";¡ 8'" ¡¡~ ~aeQ. Q.:: ~c. ~L: ~L: ~;. ~ &1 XR J G i s a w i n d d e v e l o p m e n t c o m p a n y f o c u s e d on pr o f i t a b l e wi n d o p p o r t u n i t i e s i n W e s t e r n & Mi d - W e s t e r n S t a t e s .: . H e a d q u a r t e r e d i n B o i s e , I d a h o .: . X R G h a s a s s e m b l e d a t e a m w i t h o v e r 1 2 0 y e a r s o f r e n e w a b l e e n e r g y e x p e r i e n c e t h a t in c l u d e s i n - d e p t h k n o w l e d g e f o c u s e d o n l a n d a c q u i s i t i o n , w i n d r e s o u r c e s , tr a n s m i s s i o n , p o w e r t r a n s a c t i o n s a n d p o l i c y .: . X R G ' s p e r s o n n e l h a v e i n s t a l l e d o v e r 1 , 5 0 0 w i n d t u r b i n e s i n t h e i r c a r e e r -,. . ' .: . X R G ' s p e r s o n n e l h a v e p e r m i t t e d o v e r 3 , 0 0 0 M W .: . W e s t e r n & M i d w e s t e r n U . S . p o r t f o l i o o f 4 , 7 3 5 M W o f w i n d d e v e l o p m e n t p r o j e c t s .: . X R G h a s p r e v i o u s l y n e g o t i a t e d a n d p u r c h a s e d a t o t a l o f 1 0 9 G E s l e t u r b i n e s o v e r t h e la s t f e w y e a r s . .: . X R G h a s s u c c e s s f u l l y n e g o t i a t e d a n d e x e c u t e d 3 0 7 . 5 M W o f P o w e r S a l e s A g r e e m e n t s si n c e 2 0 0 1 .: . X R G a l s o o w n s B i g S k y Cr a n e & R i g g i n g , a M o n t a n a L L C , w h i c h i s c a p a b l e t o r e c e i v e , as s e m b l e a n d e r e c t w i n d t u r b i n e g e n e r a t o r s EX E R G Y D E V E L O P M E N G R O U P Pr o p r i e t a r y a o C o n f i d e n t l a . PA G E 7 Po r t f o l i o Ap p r o a c h Pr o j e c t Ty p e s Co m p e t i t i v e Ad v a n t a g e s Ma n a g e r i s k b y a s s e m b l i n g a po r t f o l i o o f p r o j e c t s a c r o s s W e s t e r n & M i d w e s t e r n s t a t e s a n d m a r k e t s Al m o s t a l l o f X R G ' s p r o j e c t s i n v o l v e a si n g l e l a n d - o w n e r p e r p r o j e c t . T h i s ap p r o a c h s i g n i f i c a n t l y r e d u c e s t h e co m p l e x i t y o f p r o j e c t d e v e l o p m e n t XR G ' s k e y t e a m m e m b e r s h a v e l o n g - te r m ( a v e r a g e o f 1 8 y e a r s ) w i n d - s p e c i f i c ex p e r i e n c e s t h a t a r e r a r e i n t h i s y o u n g in d u s t r y Ma n a g e t i m i n g r i s k b y a s s e m b l i n g a p i p e l i n e o f p r o j e c t s i n v a r i o u s st a g e s o f d e v e l o p m e n t XR G ' s c o l l e c t i v e e x p e r i e n c e e n a b l e s i t to m a x i m i z e e c o n o m i c r e t u r n s o n pr o j e c t s w i t h m o d e r a t e t o h i g h w i n d re g i m e s St r o n g r e l a t i o n s h i p s w i t h l a r g e co r p o r a t e l a n d - o w n e r s , w h o a r e e a g e r to in c o r p o r a t e w i n d p o w e r i n t o t h e i r la n d , e n a b l i n g e f f c i e n t a n d o p t i m i z e d si t e d e v e l o p m e n t s Ti m e a n d r e s o u r c e s a r e p r i o r i t i z e d am o n g t h e m o s t p r o m i s i n g p r o j e c t s an d ma r k e t s XR G l a n d l e a s e s d o n o t l i m i t t h e lo c a t i o n o f t h e t u r b i n e s a n d l e a s e pa y m e n t s a r e b a s e d o n t h e n u m b e r o f tu r b i n e s , n o t s i z e o f l a n d Th r o u g h y e a r s o f e x p e r i e n c e i n t h e wi n d i n d u s t r y , X R G ' s m a n a g e m e n t h a s st r o n g r e l a t i o n s h i p s w i t h k e y su b c o n t r a c t o r s i n t h i s i n d u s t r y XR G p e r f o r m s c o m p r e h e n s i v e in t e r n a l s i t e a n a l y s i s e a r l y t o a v o i d mi d o r l a t e s t a g e f a t a l - f l a w ab a n d o n m e n t EX E R G Y D E V E L O P M E N T G R O U P Pr o p r l e t a r y a n d C o n f i d e n t i a l PA C E 8 I E x e r g y C o r p o r t e S t r u r e I ( , Ex e r g y o f M o n t a n a , I n c Re v i s i o n s Pt m d l n a Ex e r g y D e y e l o p m e n t G r o u p , LL C Ad a g i o R e n e w a b l e s . C o m p a n y , LL C Ex e r g y o f I d a h o , I n c . l¡ Ex e r g y D e y e l o p m e n t G r o u p .9 f J d a h o , Ex e r g y S e r v i c e s Ex e r g y T e c h n o l o g y C o n c e p t s Ex e r g y P r o c u r e m e n t & Big Sk y Cr a n e & R i g g i n g XR G D e y e l o p m e n t P a r t n e r s , L L C EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o f i d e n t i a l PA G E 9 Ja m e s C a O O B s . ' l s i n . & c o r a r d i r c t - b u s n e s s d e l o p m e n t - g o v n m e n a l r s - l a d p r c u r e m e n t - t e c h o g d e o p n t Cl a r e l e e s - e s t i - e q m e n s p e c i f t i - p r u r e m e n t - c o n s l l t i o n m a a g e m e n - l o s m a e m - s c h e d u l i Pa l c i a P i l z . M B A . - e i M o n m e n t a l a f f s . p e r r . g o l l a l r e l a t - p r ~ e c t s i t g El V a n W o e Go d o n B r t t a n , P h D Ho l l i H ì g h Mì c h a e ! K a k k . E s q . Ro y E i g u r e n , E s q . lo r e n H o f f m a n SW n O u u Ch u k D i c k e r s o n Ex e r g y F u n c l l o n a l R e s p o l b l l l O r g a n i z i o n C h a r t Do Ba a . f i e & a c c o i n g . t r a s u - a s s e t m a a g e m - O & . r i s k m a n m e t - s u p b u s i n s s d e l o p n t la r l e i b . M E . e n e e . p e a r c e p i a n e l e s t i i i . f i a n i a m o f i n g . \ ' n d d a t a n a l y i s . p r m e n c o n t r a c t i n g - e n g e e r e d e q u í p m e s p e c i f a t i o n s . t r s i & i n e r o n n e c t a g r e e m e n t s . o p n s m o n o n n g - p r o c t d e f i n i l i Pe l e R i c h a d s o n . E S Q , -s e c r e t o f c o e s -c o c t n e g o t i o n . r e t o a f f a i r s . c o i i a g r e e m e n t Co n l o l e r ) ' a c c n g s y s t e m . f i n a n c i a l r e p o r t n g & a u d t s Ac c o u a n t ) ' a c c o n t s p a y a b l l a c c o u n t s r e c e i v a b l e Tr e a s r e r ) f i n a a l a n s t O& M ) c o n a c t V i l h O E M , l h r d p a r e s Of f c e m a n a g r ) ' a s s e l m a n g e r Co l n R u d e e n , M E la P m , M E Ro b e r t l i p s k Ba k e r B o l s ) ' S t e e n K r e b s St o e ! R i v e s ) ' H o w a r d S u s m a Pe r n s C o l e ) ' I v a n G o l d Cr O l e y M o r i n g ) D a n a C a n l a l o Ex e r g y r e s s l h e r i g h l l o m a e m o d i f i c a f i o n s an d ad d i f i o n s t o I h e F u n c f i o n a R e s p o n ~ b i ~ . O r g a n i z a t n ch a I r o m f i m e 1 0 fi m e . Ca r o l W e ì s k o f f . P h D Bi l l P a s c o e . . E E . t r a n s m i s i o n i i r c l i - e I c l c a l i n e r o n n e c t s - u t r e l o n s h i p - p o r p o o l m l a l s h i s .r i g l o t w a EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a i Ja m e s C a r k u l i s h a s o v e r s i x y e a r s e x p e r i e n c e i n t h e w i n d i n d u s t r y . H e i s r e s p o n s i b l e f o r n e g o t i a t i n g a n d e x e c u t i n g 37 4 M W o f p o w e r s a l e s a g r e e m e n t s a n d 1 3 t r a n s m i s s i o n i n t e r c o n n e c t i o n ag r e e m e n t s . M r . C a r k u l i s i s r e s p o n s i b l e f o r mo n i t o r i n g an d s h a p i n g t h e s t a t e a n d l o c a l p o l i t i c a l a n d r e g u l a t o r y e n v i r o n m e n t s ( F E R C , P U R P A , F A A , D O D , S t a t e pu b l i c u t i l t y c o m m i s s i o n s ) , i n o r d e r t o a c h i e v e t i m e l y a n d c o m p l e t e a p p r o v a l o f t h e p r o j e c t s a n d r e l a t e d a g r e e m e n t s . Li k e w i s e , h e m a n a g e s n e g o t i a t i o n s w i t h p o w e r p u r c h a s e r s , de v e l o p m e n t a n d e x e c u t i o n o f t h e p o w e r p u r c h a s e ag r e e m e n t s , a n d t r a n s m i s s i o n a g r e e m e n t s . M r . C a r k u l i s e n l i s t s a n d m a n a g e s t h e e f f o r t s o f a d i v e r s e a r r a y o f ex p e r i e n c e d c o m p a n y M a n a g e m e n t D i r e c t o r s a n d c o n s u l t a n t s t o w a r d s t h i s e f f o r t . H e u t i l z e s h i s r e l a t i o n s w i t h la n d o w n e r s a n d r e s o u r c e e x p e r t s t o i d e n t i f y p r o s p e c t i v e w i n d p r o j e c t s i t e s a n d t o n e g o t i a t e l a n d o p t i o n s , l e a s e s , a n d re l a t e d a c q u i s i t i o n a g r e e m e n t s . ~_ ' _ _ _ _ _ _ _ ' _ ~ _ ~ ~ " " O ' _ _ ' " ' - _ _ ' ~ ' ' ' ' ' ~ ' ' ' ' ' _ ' ' _ ' ' ' ~ - ' ' ' ' ' ' ' _ ' ' ' ' _ ' _ " ~ _ = _ . . " ~ _ , , . . " ' . " " ' - - " ' ' ' _ ' - ' ~ ' ~ ' ' ' ' ' ' ' ' _ ~ _ ' ' ' _ _ W ' ' ~ ~ - ' ~ ' ' ' _ _ _ _ ' ' ' ' ~ ' ~ _ ' * ~ ' ~ ' ' _ ' . . . . , . , . . _ _ , . . ~ . . " - . _ . . . ' , ~ , ~ ' ~ " , _ , , _ . . . . Do u g B a r b a h a s o v e r 2 5 y e a r s e x p e r i e n c e i n t h e p o w e r a n d e n e r g y i n d u s h . y i n s e n i o r m a n a g e m e n t p o s i t i o n s w h e r e he h a s b e e n a m a j o r c o n t r i b u t o r t o t h e g r o w t h o f c o m p a n i e s . M r . B a r b a ' s e x p e r i e n c e i n c l u d e s t h e d e v e l o p m e n t , fi n a n c i n g , c o n s t r u c t i o n a n d op e r a t i o n o f g a s t u r b i n e c o m b i n e d c y c l e p l a n t s , h y d r o p l a n t s , w i n d p r o j e c t s , b i o m a s s pr o j e c t s a n d s o l i d f u e l p r o j e c t s . H e w a s i n s t r u m e n t a l i n f o r m i n g a n e q u i t y i n v e s t m e n t j o i n t v e n t u r e w i t h in s t i u t i o n a l p a r t n e r s a n d h a s d i v e s t e d o p e r a t i n g a s s e t s w h e n m a r k e t c o n d i t i o n s w a r r a n t e d . H e h a s b e e n t h e l e a d o r ke y m a n a g e r i n o v e r $ 2 . 0 b i l i o n o f p r o j e c t f i n a n c i n g s d u r i n g h i s c a r e e r . M r . B a r b a h a s h e l d E x e c u t i v e V i c e P r e s i d e n t le v e l p o s i t i o n s a t A m e r e s c o I n c . a n d C a t a m o u n t E n e r g y C o r p o r a t i o n a l o n g w i t h V i c e P r e s i d e n t p o s i t i o n s a t Co g e n t r i x I n c . a n d E n e r g y I n i t i a t i v e s I n c . M r . B a r b a ex p e r i e n c e w o r k i n g f o r p u b l i c a n d p r i v a t e c o m p a n i e s a n d h i s br e a t h o f c o m m e r c i a l e x p e r i e n c e i n t h e e n e r g y s e c t o r i s a s t r o n g a d d i t i o n t o t h e Ex e r g y m a n a g e m e n t t e a m . -" _ _ _ " ' _ ~ ~ _ ~ ' ' ' ' _ ~ _ ' ' _ _ _ _ _ _ ' ' , _ ' _ ' , , * , ' ' ' ' ' ' " ~ ' ' ~ ~ ' ' . . . . ' _ ' ~ ~ " _ ' ' ' _ ~ ' ' ' ~ ~ . _ ' ' _ ' - ' ' ' - - , , , . ~ _ _ . ~ _ , . i _ , ~ . . . . . , , . _ _ _ . . , , , " , , , , _ _ _ , , _ _ . _ , , _ ~ ; Cl a r e L e e s i s D i r e c t o r o f C o n s t r u c t i o n M a n a g e m e n t a n d P r o c u r e m e n t w h o i s a l s o a p i o n e e r i n t h e w i n d i n d u s t r y . Fr o m 1 9 8 2 t o t h e p r e s e n t , M r . L e e s h a s i n s t a l l e d o v e r 1 , 5 0 0 u t i l t y c o n n e c t e d w i n d t u r b i n e s . I n a d d i t i o n , h e h a s pr o v i d e d v i r t u a l l y a l l a s p e c t s o f m a n a g e m e n t f o r d o m e s t i c a n d i n t e r n a t i o n a l w i n d p r o j e c t s . M r . L e e s h a s p r i m a r y re s p o n s i b i l t y f o r p r o j e c t a n d c o n s t r u c t i o n m a n a g e m e n t a n d f o r i n f r a s t r u c t u r e d e s i g n a n d c o n s t r u c t i o n o f a n c i v i l an d e l e c t r i c a l w o r k s . H e a l s o p r o v i d e s t e c h n i c a l a n d o p e r a t i o n a l e x p e r t i s e i n m a j o r e q u i p m e n t s e l e c t i o n a n d pr o c u r e m e n t a g r e e m e n t s , a n d i n n e g o t i a t i o n o f o p e r a t i o n s a n d m a i n t e n a n c e a g r e e m e n t s . C l a r e w a s P r e s i d e n t o f a si z a b l e . ( I , t O O W i n d T u r b i n e G e n e r a t o r s ) se r v i c i n g o p e r a t i o n f o r w i n d t u r b i n e g e n e r a t o r s f o r m a n y y e a r s . M a n y o f th e e a r l y i n n o v a t i o n s i n W T G s c a m e f r o m C l a r e ' s r e c o m m e n d a t i o n s t h r o u g h t h i s s e r v i c i n g b u s i n e s s . XR G i s p r e s e n t l y i n t h e m a r k e t t o f i l t h i s p r o f e s s i o n a l p o s i t i o n . P a r t n e r s h i p a c c o u n t i n g , f e d e r a l a n d s t a t e t a x e s , pr e p a r a t i o n o f f i n a n c i a l s t a t e m e n t s , m a n a g i n g f i n a n c i a l a u d i t s a r e s o m e o f t h e sk i l s e t s n e e d e d t o f i l t h i s p o s i t i o n . CP A c e r t i f i c a t i o n i s r e q u i r e d f o r t h i s p o s i t i o n . I n t h e i n t e r i m , t h e s e r e s p o n s i b i l t i e s a r e b e i n g h a n d l e d b y a n o u t s i d e ac c o u n t i n g fi r m . La r r y L e i b i s D i r e c t o r o f P r o j e c t E n g i n e e r i n g a n d a l s o c e n t r a l t o t h e f u n c t i o n s o f t h e d e v e l o p m e n t o f f i c e . M r . L e i b i s a PE a n d l i c e n s e d e n g i n e e r i n T e x a s an d C a l i f o r n i a . M r . L e i b h a s m a n a g e d t e c h n i c a l d e v e l o p m e n t a n d d e s i g n o f o v e r I, B O O M W o f t h e r m a l a n d r e n e w a b l e p o w e r g e n e r a t i o n f a c i l i t i e s s i n c e 1 9 7 4 . H e i s r e s p o n s i b l e f o r p r o j e c t . r e s o u r c e Cö n f i r m a t i o n a n d a n a l y s i s , t r a n s m i s s i o n i n t e r C ö n n e c i i o n s t u d i e s a n d a g r e m e n t s , p r o j e c t ec o n o m i c f e a s i b i l t y as s e s s m e n t , a n d s i t e t e s t i n g a n d a c c e p t a n c e p r o t o c o l s . H e a l s o s u p p o r t s t h e n e g o t i a t i o n o f t h e p o w e r p u r c h a s e '; a g r e e m e n t s , t r a n s m i s s i o n a g r e e m e n t s , e q u i p m e n t p u r c h a s e a g r e e m e n t s , o p e r a t i o n a n d m a i n t e n a n c e a g r e e m e n t s , a n d te c h n i c a l c o m m u n i c a t i o n s w i t h r e g u l a t o r s , u t i l t i e s , l e n d e r s , an d i n v e s t o r s . EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 1 1 Pa t r i c i a P i l z i s a f o r m e r C h i e f F i n a n c i a l O t f i c e r o f N e w W o r l d P o w e r . S i n c e 2 0 0 3 , M s . P i l z h a s s u c c e s s f u l l y p e r m i t e d ov e r 2 0 0 0 M W o f p r o j e c t s . M s . P i l z a n d C a r o l W e i s k o f f , P h D , f o r m e r he a d o f b i o l o ~ i c a l s c i e n c e s a t t h e . l i a n f o r d nu c l e a r f a c ì l t y i n R i c h l a n d ; W A , w e r e f u n d a m e n t a l in r e v i e w o f t h e a v i a n m o r t a l i t y a t A l t a m o n t P a s s a n d f r a m i n g th e a p p r o p r i a t e r e q u i r e m e n t s t o w a r d t h e s t u d y o f W T G / a v i a n c o l l i s i o n s . Co l l n R u d e e n i s d e v o t e d e n f i r e l y t o w i n d a s a m o t i v e f o r c e g e n e r a t o r . E x e r g y T e c h n o l o g y C o n c e p t s , L L C ( " X T C " ) i s th e l i c e n s e e a n d e x p e r t s t o W i n d P r o , M e t s o , a n d W A S P , t h e l e a d i n g a n a l y s i s t o o l s i n t h e w i n d i n d u s t r y . X T C i s ex p e r t w i t h s o d a r a n d o u r u n i t s a r e t t t i l z e d e x t e n s i v e l y f o r f u r t h e r mo t i v e f o r c e v a l i d a t i o n . X T C i s a l s o t h e l e a d su b s i d i a r y f o r X R G o n t h e X R G Z i l o ( 9 ( 2 5 k W t o 9 0 0 K W ) v e r t i c a l a x i s w i n d t u r b i n e d e s i g n f e a t u r i n g a b u i l t - i n e n e r g y st o r a g e s y s t e m f o r l e v e l i n g o u t p u t , a n d t h e P H I ( g r y b r i d , s t a n d - a l o n e , f u l l y s u b s c r i b e d r e n e w a b l e p o w e r s y s t e m t o pr o v i d e f u l l f i r m p o w e r g e n e r a t i o n f r o m r e n e w a b l e c o m p o n e n t s . ', . . ' " _ . . , - ' _ . . ~ _ . _ - ~ ~ _ . _ _ . . # " - ' ' ' , ' ' ~ ' ' . _ ~ " . . . _ - - ~ . . . _ . . . . . , . . - . . . . ~ - ' - " - _ . . . . . _ _ . _ - - - " . . . _ . . . - _ - . . . . - - " . . . . " . , . . . - - ~ - - _ . . . _ _ . . . _ " ~ - Mr . R o b e r t L i p s k o c h h e a d s u p o u r f i e l d c r e w s o n a m o t i v e f o r c e c o m p o n e n t i n s t a l l a f i o n , f a b r i c a t i o n o f c o m p o n e n t s , eq u i p m e n t o p e r a f i o n s , a n d a s s i s t s i n o u r c i v i l w o r k p r e p a r a t i o n f o r p r o j e c t c o n s t r u c t i o n . M r . L i p s k o c h w a s t h e ge n e r a l m a n a g e r o f a 1 0 0 , 0 0 0 a c r e / f i r r i g a f i o n d i s t r i c t f o r m a n y y e a r s a n d i s c l o s e t o t h e a g r a r i a n c o m m u n i t y . I n ad d i t i o n , M r . L i p s k o c h p r o v i d e s t h e n e c e s s a r y h a n d s - o n e x p e r i e n c e f o r X R G ' s w i n d / p u m p s t o r a g e d e v e l o p m e n t wo r k . Bi l i s t h e f o r m e r V i c e P r e s i d e n t o f b o t h e n e r g y s u p p l y a n d t r a n s m i s s i o n f o r M o n t a n a P o w e r C o m p a n y . H e i s o n e o f th e l e a d i n g a u t h o r i t i e s o f t r a n s m i s s i o n s i t u a t i o n s a f f e c t i n g t h e W e s t . H i s c a p a c i t y i s f o c u s e d o n t r a n s m i s s i o n a n d co n t r a c t u a l o b l i g a t i o n s . Pe t e i s o n e o f t h e l e a d i n g P U R P A a t t o r n e y s i n t h e N o r t h w e s t . H e h a s r e p r e s e n t e d i n d u s t r i a l c u s t o m e r s , M u n i s , r u r a l co p e r a f i v e s , a n d i n d e p e n d e n t p o w e r g e n e r a t o r s . H e i s a f o r m e r P U C s t a f f a t t o r n e y . -- ~ , . . . _ ~ " - . . . , " " ~ ~ . _ - - - - - - - ' - - " " - ~ - ' ~ - - - . - - - . . , - - ~ ~ ~ - . . - - ~ - - - - - - ~ - . . - - - - - - . . - . - - - - . . - . ~ ~ ~ ~ ' _ " ' _ _ ~ . _ " " " h El s c o m e s t o E x e r g y w i t h e x p e r i e n c e d e r i v e d f r o m a n u m b e r o f N G O s a n d e n v i r o n m e n t a l o r g a n i z a f i o n s . S h e ov e r s e e s e n v i r o n m e n t g r o u p o v e r s i g h t a n d i n t e r a c t i o n , a l o n g w i t h d e v e l o p i n g p o l i c y w h i t e p a p e r s f o r E x e r g y ' s in p u t t o i n d u s t r y s o l u f i o n s . E l s s h a l l b e f u n d e m e n t a l i n t h e d e v e l o p m e n t o f a r e t a i l m a r k e t f o r E x e r g y ' s En v i r o n m e n t a l A t t r i b u t e s , c a r b o n o f f s e t s a l e s , a n d t r a d a b l e R e n e w a b l e E n e r g y C r e d i t s . _- - . . , - - " ; , . , - ~ " - - - . , . ~ , ' . _ - ' . . . . . _ . . . - - ~ - - - - ~ - - - - . . . . _ - , . . - . _ " " . - . _ - - - - _ . - Ho l l H i g h i s c o m m i t t e d t o b u i l d i n g s t r a t e g i c r e l a t i o n s h i p s f o r t h e b e n e f i t o f E x e r g y a n d t h e s u c c e s s o f w i n d e n e r g y . Sh e o v e r s e e s s t a t e - l e v e l p o l i c y i s s u e s , r e g i o n a l t r a n s m i s s i o n i n i t a t i v e s a n d i s a n a c t i v e m e m b e r o f t h e l o c a l b u s i n e s s co m m u n i t y . M s . H i g h i s a l s o d e v o t e d t o t h e r e j u v e n a t i o n o f r u r a l e c o n o m i e s t h r o u g h t h e e c o n o m i c a n d s o c i a l ac t i v i t i e s o f E x e r g y a n d g a i n i n g c o m m u n i t y - w i d e s u p p o r t i n t h e s e a r e a s . "" - - ~ ' , - " ' . . . . . . . , = " ~ . . " ' . _ " ' ~ ~ " " . . - - " , . . _ ~ . , ~ " , - - - - - ~ " " - " " ' ; , ' - " ' . ' ~ , - ~ . ~ " . . _ - . ~ ~ , - _ _ , . , . . , _ . ~ . " ' ~ _ . . . w . , _ _ _ , _ . . . _ , " ' . . , . . _ - . . , . . . . . . . . ~ , _ , . . . " . . . _ ' " . , . O ' . . , ~ . _ " . . , . . _ ' ' " Li z W o o l s t e n h u l m e p r e s e n t l y m a n a g e s t h e o f f i c e i n B o i s e a l o n g w i t h o t h e r r e s p o n s i b i l t i e s s u c h a s o v e r s e e i n g a n d co o r d i n a t i n g c o n t r a c t m i l e s t o n e s a n d t e r m s a n d c o n d i t i o n s f o r E x e r g y . L i z a l s o c o o r d i n a t e s p l a n n i n g a c t i v i t i e s w i t h ve n d o r s a n d s u p p l i e r s d o i n g b u s i n e s s w i t h E x e r g y . '- ~ . - - - " - ~ - - - _ . - - ~ - - - - ~ ~ . ~ ~ - - ; _ . , . . , ~ " ~ - . . . . . . , . . . . . , ~ " ' - - ~ " ' ' - ~ ~ EX E R G Y D E V E L O P M E N T G R O U P I '' ' Ù W ' ¡ H & f i S ' g . # 4 , " & i " A H a g ß ' Æ 4 t . ¡ t . & § l i Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 1 2 c:o M'l--UJ e: '" 0. - o---o'l..Jioa.l li(0 l Q. 8 ~ j 6s ~ )0 ~ &1 EX E R G Y D E V E L O P M E N T G R O U P 17 , , , % , - ' 1 ¿ . " Æ ' t " E t v r ~ i I 42 P r o j e c t s u n d e r d e v e l o p m e n t + 1 . 8 m i l i o n a c r e s u n d e r r e v i e w PP A s s i g n e d : 2 7 0 M W ; P P A s i n n e g o t i a t i o n : 1 , 3 5 0 M W :1 3 5 . 2 % 4, 7 3 5 M W T o t a l C a p a c i t y :1 1 0 0 % h a v e a t r a n s m i s s i o n l i n e / s u b s t a t i o n w i t h i n 1 0 m i l e s , : 1 7 3 % a r e tr a v e r s e d b y a t r a n s m i s s i o n l i n e / s u b s t a t i o n We s t e r n & M i d w e s t e r n U n i t e d S t a t e s Id a h o , M i n n e s o t a , M o n t a n a , S o u t h D a k o t a , N e b r a s k a , W y o m i n g , Wa s h i n g t o n , O r e g o n , W i s c o n s i n , A r k a n s a s , N e v a d a , a n d U t a h Ra n g e i s f r o m 2 0 t o 4 0 0 + M W ; A v e r a g e 2 0 0 M W Ba l a n c e d i n v e n t o r y o f c o n s t n i c t i o n - r e a d y t h r o u g h g r e e n f i e l d p r o j e c t s Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 1 . 4 De v e l o p . m e n t P r o j e c t s Pro j e c t s in 1 2 s t a t e s Po t e n t i a l c a p a c i t y o f 4 , 7 3 5 M W Ex p l o r i n g a n a d d i t i o n a l 2 . 5 mi l l i o n a c r e s f o r b o t h W i n d a n d P V .. T r y b r i d P r o j e c t I W i n d + S o l a r E x p l o r a t i o n So l a r + W i n d E x p l o r a t i o n EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 1 5 Pr o j i e c t P . o r t f o l i o S t a t u s a s o f J u n e 2 0 0 8 P6 0 N e t XR G Si t e En v I r o n m e n t a l Tu r b i n e Wi n d No N a m e St a t e Ca p a c i t y Ca p a c i t y CO O Sh a r e La n d Pe r m i t s I n t e r c o n n e c t PP A (M W ) Fa c t o r ( % ) (% ) Co n t r o l l e d St u d y Re q . Da t a co m p l e t e d :I Big B i u e P h a s e I MN 36 . 0 38 . 3 % 20 0 9 10 0 % Pr i v a t e ... . . . . . _ - - - - - . . . . . . . . . _ - . . . . . . . . . . . _ - _ . _ - - . . - . . . . . . . . - - - - - - - - - - - _ . - . - - - _ . . . _ - - _ . . _ - - . - _ . . . . _ . _ - - - - - . . . _ _ . . . . . . . _ - - - - . . . . . _ - . . . . . . _ - _ . . 2 Id a h o Q F 10 13 8 . 0 32 . 1 % 20 0 9 10 0 % Pr i v a t e ... . . . . . . . _ _ . . . . . . . . . . . . . _ - _ . _ - - . . . . . . . _ _ _ . _ _ . _ _ . . . _ _ . _ _ _ _ _ _ . . . _ _ _ _ _ . . . . . . _ u . . . . . . _ _ _ _ _ _ _ . . . . . . . . . . . _ _ _ _ _ _ . _ . _ _ . . . . . . . 3 Ma l t a 10 80 . 0 32 . 4 % 20 0 9 10 0 % Pr I v a t e ... . . . . . . - - . . . . . . . . . . . . . - - - - . . - . . . . . . . - - . - - . - - - - - - - . . . . . . . . . . . . - - - - - - . - . . . . . - - - . . . . . . . . . - _ _ . . . . . . . . . _ _ . . _ _ _ _ . . . . . . . . . . _ _ . . . . . . . . _ _ _ . . . . . . u . . . . . . . . _ . . . . . . . . . . . . . . 4 Be l l R a p i d s 7 0 10 70 . 5 29 . 8 % 20 0 9 10 0 % Pr I v a t e ... . . . . . . . . . . - - - - - . . . . . . - - . . . . - - - . . . . . . . . . . . . - . - - - - - - - - - - . . . . . . . . . . . . - - - . . . - . . . . . . . . . . . . - . - - - - - . . . . . . . . . . . . - - . - - . : - . . . . . . . ~ . . . . . , . . . . - . - . . . - - . - . . . . . . . . . . . . . . . . - . - - - - . - - . . 5 BI g Bl u e P h a s I I MN 30 . 0 38 . 3 % 20 : 1 0 10 0 % Pr i v a t e .- . . . . . . . . . . . . . - - - . . . . . . . . . . . - - - - - . . . . . . . . . . - - . . . . . - . . . . . . . . _ . . _ . . . _ . . . . . . . . . . . . . . . . . . . . . . . _ . _ . _ _ _ . . . . . . . . . . _ . _ . . . _ . . . . . _ . . k _ ' " . . . 6 Ja c k Ra n c h 10 15 6 . 0 33 . 1 % 20 1 0 10 0 % Pr i v a t e .. . - . - . . . _ . . . _ . . . . . _ . _ _ . _ - - . . . . . . . . _ - _ . _ . . . - . . . . . . . . . . . . . . . . _ - _ . . . . . . . . _ . . . . . _ - _ . . . . . _ - . . . . . . . . . . - . . . . . - - _ . . . . . . . . . . . . - . . . . . . . . _ _ . . . . _ . . . . . . . . _ _ . _ - . - . . . . . . . . . . . . . . . . . 7 Ne w O a w n MT 70 . 5 34 . 3 % 20 1 1 10 0 % Pr i v a t e .- . - - _ . _ - . . . . . . _ . . - . - . - . . . . . . . . _ _ . _ - _ . . . . . . . . . . . . . . . _ - - . . . - . . ' " . . . . . . . _ . _ - . . . . - _ . . . . . . . . . . . . . . _ . _ _ . . . . . . . . . . . . . - . _ _ . - - . . . . . . . . . . . . . _ - - - . - . - . . . . . . . . . . . . . . . . . . . . _ - - 8 Cr e i g h t o n SO 20 0 . 0 38 . 6 % 20 1 1 10 0 % Pr i v a t e .. . _ . . . . - . . . . . . . . . _ - - - . _ . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . - - . . - _ . - . - . . . . . . . _ . - . . . - - - . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . _ - _ . - _ . . . - . - . . . _ - - _ . _ - . . . . . . . . . . . . . . . _ . . _ - _ . - 9 Ju l e s b u r g NE 10 0 . 5 37 . 6 % 20 1 1 10 0 % Pr i v a t e -.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . - . . . . . . . . . . . . . . . . _ - . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . _ . _ - . . . . . . . . . . . . . . . _ . . . . . . . . . . . . 10 B i g B l u e P h a s I I MN :1 0 0 . 6 38 . 3 % 20 1 2 :1 0 0 % Pr i v a t e -. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . - - - . . . . . . . . . . . . . . . . - - . . - - . . . . . . . . . . . . . . . . . . . . . . . . . 11 A c t o n MT 15 0 . 0 -3 4 . 5 % 20 1 ; 10 0 % Pr i v a t e -- _ . . . . . . . . . . . . _ - . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 B r o a d i e w MT 30 0 . 0 -3 4 . 5 % 20 1 1 10 0 % Pr i v a t e -- . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 P a k e r B u t t e 10 20 . 0 -2 8 . 5 % 20 1 1 :1 0 0 % Pr i v a t e .. . _ . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . - . . . . . . . . . . . . . . . . - . . . . . . . . . . 14 C a t Cre e k 10 20 . 0 -2 8 . 5 % 20 1 1 :1 0 0 % Pr i v a t e .. _ . _ - _ . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . - . - - . . . . . . . . . . . . . . . . . . . . . . . . _ . _ . . . . . . . . . . . . . . . . . . . . . _ . _ . . _ - - . . . - . . . . . _ . . . . . . . . . . . . . . - . . . . . . . . 15 B i g B l u e P h a s i V MN 13 3 . 5 38 . 3 % 20 1 2 10 0 % Pr i v a t e .. . . . . . . _ . . . _ _ . . . . . . . . . . . . . . . _ - . . . . . . . . . . _ . _ . _ _ . . . . . . . . . . . _ _ . . _ . . _ - - . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . _ _ . . - . . . . . . . . . . . . . . . . . . . _ . _ . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . _ - - - _ . _ . . . . . . . 16 B e l l R a p i d s w / P S 10 70 . 5 29 . 8 % 20 1 1 10 0 % Pr i v a t e .. . . . . . _ . . . . - . - - . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . _ - _ . - . . - . _ . . . . . . . . . . . . . . . . . . _ _ . . _ . _ . . . . . . . . _ . . . _ . . . . . _ - . . . - - . . . . . . . . . . . . 17 O e v l l ' s C a u l d r o n Wv : 10 0 . 5 41 . 1 % 20 1 2 10 0 % Pr i v a t e .. . _ . _ _ . . _ . . . . . . . . _ . . _ - . _ . _ . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . _ - . . . . . . . . . . . . . . . . . . . . . . _ _ . . . . . . . . . . . . . . . _ - - _ . - . - . . . . . . . . _ . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . _ _ . . . - . . . . . . . . . . . . . . . . . . - . . . . . . . . ~ . . 18 S n a k e R i v e r O v e r l o o k WA 1ß 5 . 0 29 . 9 % 20 1 2 10 0 % Pr i v a t e .- . . . . . . _ . _ . _ . _ . _ . _ . . . . . . . _ . . . . - . . . - . . . . . . . . . . . . _ . . . . . . . - - - . . . . . . . . . . _ _ . . . . . - - _ . - . . . . . . _ . . _ _ . . _ . - . - - - - - . . . . . . . . . _ _ . _ - - - _ . . . _ . . - . - - - _ . . _ - - - _ . . . _ . - . . . . . . . _ _ . . _ _ . . . . . . . . - . . 19 C h r i s t m a V a l l e y OR 45 0 . 0 32 . 9 % 20 1 2 10 0 % Pr i v a t e ._ - - _ . . . . . . . . . . . _ - _ . . . . - . . . . . . . . . . _ . . . _ . _ - - . . _ - _ . . . . . . - _ . . . _ . . . . - . . - . . . . . . . . . _ . , . . . . . - . . . . . . . . . _ - _ . . - . . . - . . - - . . . . . . . . . . . . _ . . . . - . - _ . . . - . . . . . . . . . _ . . . . . _ . . . . _ . - . . . ' - . _ . ' . . 20 G r o u s e C r e e k UT 30 0 . 0 33 . 1 % 20 1 2 10 0 % Pr i v a t e .- . . - - - . . . . . . . _ _ _ _ . . . . . _ . . . . . . . . . . . . _ _ _ . u . . . . . . . . . _ . _ _ . _ . . . _ . . . _ . . . . . . . _ _ . _ . . _ _ _ _ _ _ . . . _ . _ . . . . . . _ _ . _ . . _ _ . _ ~ . . ~ . . . _ _ . _ _ . . . _ . . . . . . . _ . . . _ _ . _ _ _ . . . . . . _ _ . _ . . . . . . . . . . . . . _ _ 21 V a r i o u s ( 4 P r o j e c t s ) MN , W i , 1 0 , A R 20 0 0 . 0 35 . 8 % 20 1 : 1 10 0 % Pr i v a t e Co m p l e t e d On g o i n g Ne w I n s t a l l a t I o n EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a i PA G E 1 6 Gl :g i !cø I'1õ i:~ I 0 "CGl0Qc èò Q NC(.i1 Ùl LiCi'"c t:A.&¡¡!ÙlA. l "l C-o. ¡0 íiCoã- ~8 I ~1&ii ca:Gl ..u 2-..!1& I Gl ..0 0 ! 0-.i ~0 aII3;cò CXa::Eß.. fa:!t , ..¡0 ¡f 1&~C''O C'A.~N Ñ I N..1&, Gl ~:i 'O i :i-C' ¡ II 3;a:ir r-irf:E It .. I io~0.- :a I -..aõ¡¡:i 0II'"~i::::i cøII- Co ã czu0 0 0 IE i:;:~0 0 ~l~ -0 3;a...U :I It ..Gl i:::..~.g'i ii 0 -C'II .. l::A. ex C -g0~(C0'i ~..ia CX ~II~..0 Gl 'O ~¡..c C' C'c ::i:II er:, ¡ 0-CI l!C 3;OC CX ¡ ~-g::i: ¿:~¡Gl....0 ,~0 ~~ i ~i:""0 .~0 ..b.A. ¡ tt(/.Q .Q ~j 8 .Q ~co ..8Gl ().~ :&..~~!l~0 IIA.:E ttli3Ë3Ë.9CO- E i:c...~I e ~.E i 0 ~ ~ II a.a.-.2 ~.2..í)..::0 :2 II ~ :2 i:(/tt Gl ,0 ~-e e ¡sa .5.~ II ~-fI ¡ "t ~¡iii2;: j äí w0i:i:....,c en -! I ¡tt ;:(... CI ..Q.u :i í)l 0 II "t ci.2 ii i:w-lI tt0IIIIl::0.:Kz:2 ..e wli8iiN'O ¡CDi * ÂJewwns '\tdd Id a h o P r o j e c t O v e r v i e w - M a r c h 2 0 0 9 " s ì ã i ú â Wi n d ! P e r ì T l l t s r Î Î ' t e r - , P P A Da t a ~ ¡ c o n n e c t i C o m p l e t e d 12 . 0 I ~ I C ; O n s I r U C t i O n - R e a ~ l ' _ . 2. 3 0 ! c o n s t f l I C t i o n - R e a d y 55 . 1 4 19 . 5 18 . 0 55 . 1 4 Co n s t r c t i o n - R e a d y 2. 3 0 " f ~ o n s ~ U ~ t i O n - R e a d ~ ' ~ 64 . 5 20 4 0 23 0 . 0 EX E R G Y D E V E L O P M E N T G R O U P Pr o p r l 6 t a r y a i d C o n f i d e n t i a l PA G E 1 8 co+- coC "Cc: ~o.--o\l+-~oa. ?D~ Q,c: UJ"a:x Ø''l J. C3 c: Q. -¡ :gai"C 'Ë8 "Ci:it;: ro~ c. ~Q. ~ ~Vf-Zi: :E~ 9 ¡¡ ~ci ?- Vc:r,x~ XR G i s i n f i n a l n e g o t i a t i o n t o a c q u i r e s i t e s t h a t w i l l le a d t o a n a d d i t i o n a l 61 1 M W o f w i n d p r o j e c t s t o i t s c u r r e n t p i p e l i n e o f 4 , 7 3 5 M W o f p r o j e c t s un d e r c o n t r o l No N a m e Pr o j e c t Ca p a c i t y (M W ) St a t e 2 C a s t l e R o c k W i n d WY 20 0 8 W o o d a l l M ö u n t a i n To t a l 1D 11-61 1 * C o m p a n y i s i n f i n a l n e g o t i a t i o n t o a c q u i r e M a g i c W i n d . T h e p r o j e c t i s f u l l y p e r m i t t e d , P P A r e a d y , & r e a d y t o b e b u i l t EX E R G Y D E V E L O P M E N T G R O U P Pro p r i e t a r y an d C o n f i d e n t i a l PA G E 2 0 :2()..lt(lrJ(la: ?i..(lCLi 'Qc "S"-(l ELi (l í:::0.e m ~QJ"0 'Ë0(, "0Cti:: 00 ~ Q)"'Q)ã...0,.~CO à:...~.. CO ~00 ~'-~.-Q.0 Q."'~~.£:... CO Q)~~~;j"''-c:b1 0 0 CO ~...~0 ~~0(J .~rf .-;j ..Q.0000 S ..c¡ l!~.- Q.0--;j Q.;:0 ~~00 S 2'+00 .~00..~..Ci Q.c.:.0 ,.'-;.¡.Ci ;j .~2a.,.00 0 ;j ¡,2 Q.N c¡~(1 ~0 Q.0--Ci ,.N ;.0.c ..,...co 00 .~~ r.Li~:;~b1 ..~¡,~~ci(/(1 ~~;:.~b1 b1 .. ~c:..C-oo ~~u(1 .~Q.Q.Ci ¡,ii 0:x ~~~Xti'-r.Q.Q.Q. ,.N UJø c:a. ÁJlSnpUI PUlM c:o (\(\ UJ c. -:c. o--..(. mtnc: m t= ii;;c ~~8 "0 lä~ ~a2a. Q. ~l' ¡.Z¡¡ ~¡¡ Gior ~¡¡Xtt .: . F r o m i t s i n c e p t i o n , E x e r g y h a s s e L . f - f u n d e d b o t h t h e d e v e l o p m e n t o f t h e p o r t f o l i o a n d p r o j e c t s wh i c h X R G h a s b r o u g h t t o C o m m e r c i a l O p e r a t i o n . .: . X R G s h a l l c o n s i d e r i n v e s t m e n t t o a d d v a l u e t o i t s p o r t f o l i o a t .: . C o r p o r a t e l e v e l - E x e r g y D e v e l o p m e n t G r o u p ( p o r t f o l i o a n d n e w t e c h n o l o g i e s ) .: . C o m p a n y l e v e l - E x e r g y D e v e l o p m e n t G r o u p o f I d a h o .: . H o l d c o l e v e l - X R G D e v e l o p m e n t P a r t n e r s .: . P r o j e c t l e v e l - S p e c i a l p u r p o s e d e v e l o p m e n t c o m p a n i e s .: . E x e r g y ' s g o - f o r w a r d s t r a t e g y s h a l l b e p r e d i c a t e d o n t h e a d d i t i o n a l i n v e s t m e n t c o n s i d e r a t i o n s wh i c h m a y e n v e l o p e a v a r i e t y o f o p t i o n s : .: . S e l l t h e p o r t f o l i o a s d e v e l o p e d .: . I m p r o v e a n d s e l l e a c h p r o j e c t a t t h e p o i n t o f c o n s t r u c t i o n r e a d y ( N o t i c e t o P r o c e e d ) .: . I m p r o v e , c o n s t r u c t , a n d s e l l e a c h p r o j e c t u p o n C o m m e r c i a l O p e r a t i o n .: . I m p r o v e , c o n s t r u c t , a n d h o l d a n o p e r a t i n g p o r t f o l i o f o r b o t h t a x i n c e n t i v e s a n d c a s h f l o w .: . P R E F E R R E D S T R A T E G Y : B r i n g a s u f f i c i e n t n u m b e r o f i n d i v i d u a l p r o j e c t s t o C o m m e r c i a l O p e r a t i o n , bu i l d a b o o k o f b o t h s p i n n i n g a n d d e v e l o p m e n t a s s e t s , a n d m o v e t o a n i n i t i a l p u b l i c o f f e r i n g .: . N e w T e c h n o l o g i e s .: . E x e r g y ' s s t a t e d g o a l s h a l l b e t o e n h a n c e p r o d u c t d e v e l o p m e n t a n d s a l e s t o ac h i e v e a m i n i m u m 1 0 % , af t e r t a x r e t u r n . EX E R G Y D E V E L O P M E N T GR O U P Pr o p r i e t a r y an d C o n f i d e n t i a l o ~(\---UJø c:0. c:-- t/..(. (1-~ol-e. :fëQ)" Æ ~ lea. p. ~l? :ž¡. .~¡. ~o;: ~X¡. Id a h o Q F P r o j e c t s Va r i o u s C o u n t i e s , 1 0 Q3 - Q 4 2 0 0 9 10 0 % 13 8 M W EX E R G Y D E V E L O P M E N T G R O U P 10 . 6 0 0 ac r e s Le a s e s s i g n e d w i t h t h e p r i v a t e o w n e r s o f t h e p r o p e r t i e s Co m p l e t e No Id a h o Q F M a r k e t Va r i o u s d i s t a n c e t o v a r i o u s s u b s t a t i o n s ( s e e a p p e n d i x f o r p r o j e c t d e t a i l ) Pi e a s e s e e e a c h in d i v i d u a l pr o j e c t . Pr o j e c t s c o n n e c t t o 3 4 . 5 k V I d a h o P o w e r d i s t r i b u t i o n sy s t e m ( n o ea s e m e n t s r e q u i r e d ) . Pl l z & C o m p a n y p e n o r m e d t h e E n v i r o n m e n t a l A n a l y s i s . A m e r i c a n G e o t e c h n l c s co m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n ! n t h e i r 1 2 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 8 - G1 1 6 7 1. T F C P Z A I s s u e d a p e r m l t f o r t h e p r o j e e t 2. I D F & G I s s u e d P e r m i t fo r t h e pro j e c t on 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w I n F a l l s Hi g h w a y D i s t r i c t Is s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. 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(l~ ¡~U E C.e Cl 0o ti '" it lt IDII II~~~- lt ID ;: 0. e. .!øCo Cl:2 ~ë.0-ltÕZ ;::æ ca ~ ~~ N)N~~ '"IDl)ë. E 8 ID.c ~::'":: èñ ~ü 8! '"Cl 1Vë. E ClëoU..:: g..! ~:=.5 = l0- .5 i ~ .c.co Cod'"i ,.TiTi* .!CCl E ~:iC' ~ ~::oUti'" ID !..oiID:æ l!lt~'i i ÊoN~ E ~ i ~¡ ~ 8('lt !.c::3 Co;:lt;:~ClC .5 ,. E ~.. ~.. l0- .5 ~lt E ;t Ti '* COaiN exC\ UJ Cl "! Q. ~ë!l"0 ~ -gti~ i ~Q. i:;: ~Vt-Z¡i¿~o..¡i~tic:;:ve;¡iX¡i Bi g B l u e P h a s e I I Fa r i b a u l i C o u n l y , M N Q3 2 0 1 0 10 0 % 30 M W Bi g Bl u e p h a s e I ( 3 6 M W ) , I I ( 3 0 M W ) , U I (1 0 0 . 5 M W ) , a n d I V ( 1 3 3 . 5 M W ) EX E R G Y D E V E L O P M E N T G R O U P 8,0 0 0 ac r e s Mu l t i p l e le a s e s s i g n e d ( a v a i l a b l e I n t h e D a t a R o o m ) Co m p l e t e . 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St a t e H i s t o r i c p r e s e r v a t i o n su g g e s t e d a s u r v e y 4 Me t T o w e r s ( 6 0 m & 5 0 m ) - 4 y e a r s 38 . 3 % In n e g o t i a t i o n w i t h M I S O Pr o p r i e t a r y a n d C o f i d e n t i a l PA G E 2 9 1W " W m f W e , Ja c k R a n c h Tw i n F a l l s C o u n t y , 1 0 Q4 2 0 0 9 ( p h a s e s 10 0 % 20 0 M W N/ A 20 , 0 0 0 a c r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 0 / 5 / 2 0 0 6 w i t h J . R . 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A p p l i e d t o T w i n F a l l s C o u n t y P l a n n i n g & Z o n i n g A d m i n i s t r a t i o n f o r C U p e r m i t f o r th i s p r o j e c t 3 M e t T o w e r s ( 5 0 m & 3 0 m ) - 4 y e a r s 33 . 1 % On g o i n g d i s c u s s i o n s w i t h P a c l f I C o r p / S P R / l d a h o P o w . e r EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 3 0 Mi ñ h M e - - - - - - - ~ = = "0 ~s:m MUlQ) LUE(.m s:ct..~Q.U .. .=Q - Q)~- s: .:o UÕ s:Co "0 ûi s:ml!~.£.r ff õ Eè¡:s:"0II E s:m ..::¿;Q),z u gmm.Q -i;:::Q)m m E::.. 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A c q u i r i n g m o r e l a n d cu r r e n t l y MI S O 3 mi l e s No t n e g o t i a t e d WA P A 2 3 0 k V l i n e lG I A s u b m i t t e d 6 / 1 1 / 2 0 0 8 G1 . 0 8 1 3 I n t h e g e n e r a t i o n I n t e r c o n n e c t i o n q u e u e No n e to d a t e In - p r o g r e s s 1 m e t t o w e r ( 6 0 m ) - 7 m o n t h s . 1 0 f f . s l t e m . e t t o w e r 38 . 6 % In i t i a l d i s c u s s i o n w i t h B l a c k H i l s P o w e r Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 3 2 Ju l e s b u r g Ke i t h C o u n t y , N E Q3 2 0 1 0 10 0 % 10 0 . 5 M W EX E R G Y D E V E L O P M E N T G R O U P 3,0 0 0 ac r e s Wi n d P r o j e c t G r o u n d L e a s e s i g n e d w i t h D r y Ra n c h C o m p a n y , L L C o n 8 / 3 1 / 2 0 0 7 Pr e i i m i n a r y No , b u t i n t e n d t o a d d a c r e a g e MI S O , N P P D 5 mi l e s Ye t t o b e d e t e r m i n e d Ye t t o b e d e t e r m i n e d Ye t to be d e t e r m i n e d No n e Ye t t o b e d e t e r m i n e d In . . p r o g r e s s 1 m e t t o w e r ( 8 0 m ) - 7 m o n t h s . 1 0 f f - s l t e m ø t . t o w e r 37 . 6 % On g o i n g d i s c u s s i o n w i t h X c e l E n e r g y Pr o p r i e t a r y an d Co f i d e n t i a l PA G E 3 3 p1 ? e r ' r m - I Bi g B l u e P h a s e I I Fa r i b a u l t C o u n t y , M N 10 0 % 10 0 . 5 M W Bl g B l u e P t i a s e I (1 0 0 . 5 M W ) , a n d 8,0 0 0 ac r e s Mu l t i p l e l e a s e s s i g n e d ( a v a i l a b l e I n t h e D a t a R o o m ) Co m p l e t e . 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E-Zw ~i-W~W c:rl?0:WX¡: Bi g B l u e P h a s e I V Fa r i b a u l t C o u n t y , M N Q4 2 0 1 3 10 0 % 13 3 . 5 M W Bi g B l u e p h a s e I ( 3 6 M W ) , " ( 3 0 M W ) , l 1 l (1 0 0 . 5 M W ) , a n d I V ( 1 3 3 . 5 M W ) 8,0 0 0 ac r e s Mu l t i p l e l e a s e s s i g n e d ( a v a i l a b l e I n t h e D a t a Ro o m ) Co m p l e t e . D e p e n d e n t o n t u r b i n e s e l e c t i o n No MI S O On s l t e 1 6 1 k V t r a n s i n l s s i o n l i n e a n d s u b s t a t i o n No t r e q u i r e d 36 M W w i t h i n t e r i n l t t e n c y u p t o 1 0 0 M W Ye t t o b e d e t e r m i n e d No n e DF W & D N R g a v e pr e l i m i n a r y c o m m e n t s s t a t i n g n o k n o w n f e d e r a l l y li s t e d t h r e a t e n e d o r en d a n g e r e d s p e c i e s w i t h i n t h e p r o j e c t b o u n d a r y Jo D a v i e s s T o w n s h i p I s s u e d C o n d i t i o n a l U s e P e r m i t o n J a n u a r y 1 6 , 2 0 0 7 . 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Am e r i c a n G e o t e c h n l c s c O m p l e t e d t h e s t u d y a n d pr o v i d e d r e c o m m e n d a t i o n i n t h e i r 12 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 B - G 1 1 6 7 Tf " C l Z A i . . s u e d a pe r m i t f o r t h e p r o j e c t ID F & G l s s u e d P e r m i t f o r t h e p . r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) Tw l n / F a l l s H i g h w a y Di s t r i c t I s s u e d a l i s t o f re q u i r e m e n t s t o be m e t o n 5 / 1 2 / 0 5 TF C B N W C l s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t pr o g r a m o f no x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , 1 p r i m a r y t o w e r , 3 c o r r e l a t i n g t o w e r s 33 . 5 % PP A w i t h Id a h o Po w e r C o m p a n y 'R 1 ' f 1 V M i I Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 4 7 Tu a n a G u l c h - 1 0 Q F 10 . 5 M W Tw i n F a l l s C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 94 6 ac r e s Wi n d P a r k E a s e m e n t A g r e e m ~ n t w a s s i g n e d w i t h D o u b l e t r e e F a r m , N e w e l l N e l s o n , & Fo r t u n e t h o r o u g h b r e d F a r m s , I n c ( R e v l s e d o n 4 / 2 9 / 2 0 0 8 ) Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 10 0 fe e t t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e , w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o b e c o m p l e t e d 3/ 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 1 7 Am e r i c a n G e o t e c h l c s c o m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n i n t h e i r :1 2 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 B . . G 1 1 6 7 1. T F C P Z A i s s u e d a p e r m i t f o r t h e p r o j e c t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( i m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y D i s t r i c t i s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C i s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , 1 p r i m a r y t o w e r , 3 c o r r e l a t l n g . . t ø w e r s 33 . 8 % PP A w i t h I d a h o P o w e r C o m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 4 8 Or e g o n T r a i l - 1 0 Q F Tw i n F a l l s C o u n t y , I D Q1 2 0 0 9 10 0 % 13 . 5 M W EX E R G Y D E V E L O P M E N T G R O U P 54 2 ac r e s Win d Pa r k Ea s e m e n t A g r e e m e n t w a s s i g n e d o n 1 1 / 1 7 / 2 0 0 5 w i t h B r u c e & G r e g o r y Br o w n , n e g o t i a t i n g f i n a l d o l l a r a m o u n t f o r r e n e w a l ; W i n d Pa r k E a s e m e n t A g r e e m e n t w a s si g n e d o n 1 1 / 1 7 / 2 0 0 5 w i t h Fo r t u n e T h o r o u g h b r e d F a r m s , I n c . ( R e v i s e d o n 4 / 2 9 / 2 0 0 8 ) Co m p l e t e . F i n a l s p a c i n g de p e n d e n t on W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 1 m i l e t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e , w i t h s o m e u p g r a d e s Fa c l l t y S t u d y t o b e c o m p l e t e d 3 / 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 1 7 Am e r i c a n G e o t e . c h l c s c o m ¡ : l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 12 / 2 / 2 0 0 5 re p o r t . No : 0 6 B . G 1 1 6 7 1. T F C P Z A l s s u e d a pe r m i t f o r t h e pr o j e c t 2. I D F & G l s s u e d P e r m i t fo r t h e . p r o j e c t o n 5/ 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y Di s t r i c t I S $ u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I s s u e d a le t t e r re c o m m e n d a m a n a g e m e n t pr o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , 1 pr i m a r y t o w e r , 3 c o r r e l a t i n g t ø w ø r $ 33 . 1 % PP A w i t h I d a h o P o w e r C o m p a n y Pr o p r i e t a r y a n C o n f i d e i a l PA G E ' 4 9 ~¥ I Pi l g r i m S t a g e S t a t i o n - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W EX E R G Y D E V E L O P M E N T G R O U P 28 0 ac r e s Wi n d P a r ~ E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 1 / 1 7 / 2 0 0 5 w i t h R a n d a l l G a r y B e a n Co m p l e t e ; F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 4 m i l e s t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o b e c o m p l e t e d 3 / 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 1 6 Pl l z a n d C o . c o m p l e t e d t h e e n l l i r o n m e n t a l r e l l l e w . A m e r i c a n G e o t e c h l c s c o m p l e t e d t h e ge o - t e c h s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 1 2 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 B - G1 1 6 7 1. T F C P Z A I s s u e d a C U p e r m l t f o r t h e . p r o j e e t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) . 3. T w i n F a i i s H i g h w a y D i s t r i c t I s s u e d a l I s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , : i p r i m a r y t o w e r , 3 c o r r e l a t i n g t o w e r $ 33 . 1 % PP A w i t h I d a h o P o w e r C o m p a n y Pr o p r i e t a r y an d C o n f i d e n t i a l PA G E 5 0 l' W i f ¥ \ o " ? l 1 Y I T i t , - - I 80 0 a c r e s Q1 2 0 0 9 10 0 % 21 M W Wi n d P r o j e c t G r o u n d L e a s e w a s s i g n e d b y S a l m o n F a l l L a n d & L i v e s t o c k C o . o n 8/ 2 4 / 2 0 0 7 Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 10 m i l e s t o n e w s u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o b e c o m p l e t e d 3 / 2 3 / 2 0 0 9 . In t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 5 9 Pl l i & C o , L L C c o m p l e t e d a . g e n e r a l s t u d y o f e n v i r o n m e n t a l i m p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t s In pr o g r e s s , b u t h å v e n e g o t l a t e d C U P s f o r s i m i l a r p r o j e c t s I n t h e a r e a 2 y e a r s s , 5 0 m m e t t o w e r 35 . 2 % PP A w i t h I d a h o Po w e r C o m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i a r a n d C o n f i d e n t l PA G E 5 1 e i Mi l n e r D a m - 1 0 Q F Ca s s i a C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 2,2 4 0 ac r e s Wl t i p r O j e c t G r o u n d . Le a s e w a s s i g h e d o n 4 / 3 0 / 2 0 0 7 w i t h P i c k e t t . R a n c h & S h e e p C o . Go t ' P l e t e . F i n a l s p a c i n g d e p e n d e n t on W T G s e l e c t i o n NO Id a h o P o w e r C o m p a n y 3 m i l e s t o M l l n e r s u b s t a t i o n ( M t N R ) In t e r c o n n e c t i o n t o e ) ( l s t l n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Pr e l i m i n a r y F a c U l t y S t u d y R e p o r t h a s b e e n I s s u e d . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 5 7 Pi l Z & C o , L L C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l Im p a c t f o r E x e r g y De v e l O p m e n t W i n d P r O j e c t s No t r e q u i r e d I n C a s s i a C o u n t y 4 Y e a r s , 1 ( 5 0 m ) p r i m a r y t o w e r , 2 c o r r e l a t l n g i t o w e r s 37 . 3 % PP A w i t h I d a h o P o w e r C o m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 5 2 gi # W W b ) LL0'o o Ma:L.~ 'S LieCDø"õ'-:"i .. ~0-Q,Õ "Ci: ~i:lI "ii:i,¡;.... oX J2 J2CD 'S :!.5 lI Eë"t 0-.. CD .5 8.lI ~..U "i "Cs:CDj~ë ~enCDII.!""i:-Ei:i:0 0 CD i:0013Ee"i(I CD CD "5 .!:.ã)CD c Een..CDÒi"Q E ~ en lI ÕCCD 0 :æ i:~(,0 0 j !i i:i:13 -0 0 CD en ë§-ã2 ;¡i:~0i::2 ~i:NenCD.a 0en"C .."¡:e CD Il ~lI i:~1;i:ien~~!a:CD '6 CD 0-0-i:.5 iCDCD"C lI e E0"Q ¡en "C ¡=c 8lIi:"C lI ..CD "Q -l 0-li CDa ¡¡~..i:..-.."6 i:en ~.æ Q. I "C .a oc ~0i:lI lI ~CD II e O-"C --:i 0-0-lI 0 E E i:c l)e en E ..-0 0- S ~~¡¡0 CD i:en .5 8 E 0 i"c (,.5 0 s:(,~E s:i::æ ;¡-~lI lI¡;.."C .. l CD u "i ..CD i l5 :!~a:CD ~E0cIIùí8 .e0-CD Q.i:E 0-(,i~~~.2Q.0 !!:!IlEs:i CD ~1š ~~~8 lI -æ CD II:!lØ .5 Q a.~l1:Q.2Q. c. ~c. ~UJ ~UJ:;UJc:~ ~ UJ fá Go l d e n V a l l e y - 1 0 Q F Ca s s i a C a u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W 1,2 3 0 ac r e s Win d Pr o J e c t G r o u n d l e a s e w a s s i g n e d o n 9 / 4 / 2 0 0 7 w i t h J a r o l l m e k F i n a n c i a l G r o u p , ll C , Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 1 m i l e t o e x i s t i n g s u b s t a t i o n in t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Pr e l i m i n a r y F a c i l t y S t u d y R e p o r t h a s b e e n I s s u e d . i n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 5 5 PI . l z & C o , L L C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l I m p a c t f o r E x e r g y De v e l o p m e n t W i n d . P r o j e c t s 1. C a s s i a C o u n t y P l a n n i n g & Z o n i n g C o m m i s s i o n I s s u e d p e r m i t f o r w i n d p r o j e c t 4 Y e a r s , 1 ( 5 0 m ) p r i m a r y t o w e r , 1 c o r r e i a t i n g t o w e l ' 34 . 0 % PP A w i t h I d a h o P o w e r C o m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 5 4 o ,----w(!':0. c:-- en..(. (1.~o..n. Ii:.l"t ~0. t, 5 ~' ~ ë Co 10oo(l ~ 1i: 8-ec. CIs:-Õ l! CIc: ~ lc. o!-s:- "i "0CIjtiti 5ll ~ ã) -e10:æi.oos: 10:s .. j 'SCI e'c... .eis"0c:l10 CIl ~o I::II!o-. ~g ~c:i"0!o"C~ c:.S 'SJ:-.i"0 ios: 10:s ~ U)..(' g 'S! 8 ~ CI~Q. åiU)o Öz ~ -g :ê c.u e j ~i ~~ ~CI " ~ !. - .! c:II -b 5 ig ;; ci 10m ~- CIc: I:CI I: I: 0c: Co e CIos ..c: "0i. CI CI "0 = ~ "0 C.CI "0 I: c: .g ~ CI "0C. .a=- II c: CI 10 s:C. - I: "0o $(J CI I" ~ l~it 8 â U) .. 'So ~ $ ~ ==I" !:: ÌØ 0go c: xl! 0 g.! 1) ~ =- I: 0-g CI I: 1; J: f?'S g ~lis àI: c:-.. 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S i m p l o t C o m p a n y ; Wi n d P a r k G r o u n d L e a s . e s i g n e d w i t h R a f t R i v e r R a n c h Pr e l i m i n a r y No Mi d C / C o b b 2 mi l e s In - p r o g r e s s Su p p o r t s a t l e a s t 7 0 M W Sy s t e m I m p a c t S t u d y i n p r o g r e s s G0 2 4 5 , G 0 2 4 6 , G 0 2 4 7 a n d G 0 2 4 8 w i t h B o n n e v i l e P o w e r A d m i n i s t r a t i o n Me e t s o r e x c e e d s c o u n t y r e q u i r e m e n t s No t r e q u i r e d I n C a s s i a C o u n t y 2 m e t t o w e r s ( 6 0 m & 3 0 m ) - 2 y e a r s 32 . 4 % In n e g o t i a t i o n w i t h P a c i f i C o r p EX E R G Y D E V E L O P M E N T G R O U P Pro p r i e t a r y an d C o n f i d e n t i a l PA G E 4 B! ? 1 ' ! r I + ; & . . i Tw i n F a l l s C o u n t y , I D Q4 2 0 0 9 10 0 % 64 . 8 M W 2, 2 6 0 ac r e s Wi n d Pr o j e c t G r o u n d L e a s e w a s s i g n e d w i t h Ma r k & S u s a n P o t t e r o n 1 0 / 1 0 / 2 0 0 7 ; W i n d Pa r k Ea s e m e n t A g r e e m e n t w a s s i g n e d w i t h O ' C o n n o r E n t e r p r i s e s , I n c . o n 1 1 / 1 8 / 2 0 0 6 (R e v i s e d o n 4 / 3 0 / 2 0 0 8 ) In i t i a l la y o u t c o n t e m p l a t e d Ye s - I n p r o g r e s s Mi d C / C o b b On s l t e No t ap p l i c a b l e 54 . 8 M W Fa c i l t y S t u d y t o b e c o m p l e t e d b y 3 / 2 3 / 2 0 0 9 #1 1 7 Ni e t s o r e x c e e d s c o u n t y r e q u i r e m e n t s In . p r o g r e s s 1 Pr i m a r y to w e r (6 0 m ) , 3 c o r r e l a t i n g t o w l I ' $ ( 6 Ø r r & 2 0 m ) - 4 y e a r s 29 . 8 % In n e g o t i a t i o n w i t h A v l s t a ~M l EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n n t l a l PA G E 5 Bi g B l u e P h a s e I I Fa r i b a u l t C o u n t y , M N Q3 2 0 1 0 10 0 % 30 M W Bi g B l u e p h a s e I ( 3 6 M W ) , I I ( 3 0 M W ) , I I (1 0 0 . 5 M W ) , a n d I V ( 1 3 3 . 5 M W ) 8,0 0 0 ac r e s Mu l t i p l e l e a s e s sig n e d (a v a i l a b l e i n th e D a t a R o o m ) Co m p l e t e . 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F i n a l s p a c l n g d e p e n d e n t . o n W T G s e l e c t i o n Id a h o P o w e r C o m p a n y 2 m i l e s t o n e w s u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e , w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o b e c o m p l e t e d 3 / 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 1 7 Am e r i c a n G e o t e c h n l c s c o m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n i n t h e i r 12 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 B ~ 1 1 6 7 1. T F C P Z A i s s u e d a p e r m i t f o r t h e p r o j e c t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y D i s t r i c t I s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , 1 p r i m a r y t o w e r , 3 c o r r e l a t i n g t o w e r s 33 . 5 % PP A w i t h I d a h o P o w e r C o m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pro p r i e t a r y an d C o n f i d e n t i a l PA G E 2 4 MW N ' \ ' 1 " " i ' N ' " * 4 & 5 ' I Tw i n F a l l s C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W 94 6 a c r e s Wi n d P a r k Ea s e m e n t A g r e e m e n t w a s s i g n e d w i t h Do u b l e t r e e F a r m , Ne w e l l N e i s o n , & Fo r t u n e t h o r o u g h b r e d Fa r m s , I n c ( R e v i s e d o n 4 / 2 9 / 2 0 0 8 ) Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h O Po w e r C o m p a n y 10 0 f e e t t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n li n e s Av a i l a b l e , w i t h s o m e u p g r a d e s Fa c l l t y S t u d y t o b e c o m p l e t e d 3 / 2 3 / 2 0 0 9 . In t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 1 7 Am e r i c a n G e o t e c h l c s c o m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 12 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 B - G 1 1 6 7 1. t i : C P Z A l s s u e d a pe r m i t f o r t h e p r o j e c t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 (I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n Fa l l s H i g h w a y D i s t r i c t I s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C l s s u e d a le t t e r re c o m m e n d a I l a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d i m p l e m e n t e l : 4 Y e a r s , 1 pr i m a r y t o w e r , 3 c o r r e l a t i n g t Ô W e r 8 33 . 8 % PP A w i t h I d a h o Po w e r Co m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pro p r i e t a r y an d Co l d e n t l a PA G E 2 5 10 0 % Or e g o n T r a i l - 1 0 Q F Tw i n F a l l s C o u n t y , Q1 2 0 0 9 13 . 5 M W 64 2 ac r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 1 / 1 7 / 2 0 0 6 w i t h B r u c e & G r e g o r y ar o w n , n e g o t l a t l n g f i n a l . d o l l a r a m o u n t f o r r e n e w a l ; W i n d P a r k E a s e m e n t A g r e e m e n t w a s si g n e d . o n 1 1 / 1 7 / : a Q O $ w l t h F o . r t u n e T h o r o u g t b r e d F a r m s , I n ç . ( R e v l s e d o n 4 / 2 9 / 2 ( 0 8 ) Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o p o w e r C o m p a n y 1 m i l e t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x l s t l n g d l s t r l b u t l o n l i n e s Av a i l a b l e , w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o b e c o m p l e t e d 3 / 2 3 / 2 0 0 9 . In t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 1 7 Am e r i c a n G e o t e c h l c s c o m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 12 / 2 / 2 0 0 6 r e p o r t . N o : 0 6 B ~ G 1 1 6 7 1. T F C P Z A I s s u e d a p e r m i t f o r t h e p r o j e c t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 6 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y D i s t r i c t I s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 6 / 1 2 / 0 6 4. T F C B N W C l $ S u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a . r s , 1 p r i m a r y t o w e r , 3 c o r r e l a t i n g t O W e r s 33 . 1 % PP A w i t h I d a h o P o w e r C o m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 6 ~ Pi l g r i m S t a g e S t a t i o n - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W EX E R G Y D E V E L O P M E N T G R O U P 28 0 ac r e s Wi n d Pa r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 1 / 1 7 / 2 0 0 5 w i t h R a n d a l l G a r y B e a n Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 4 mi l e s t o n e w S u b s t a t i o n at 13 8 k V In t e r c o n n e c t i o n t o ex i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o b e c o m p l e t e d 3 / 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 1 6 Pl l i a n d C o . c o m p l e t e d t h e e n v i r o n m e n t a l r e v i e w . A m e r i c a n G e o t e c h l c s c o m p l e t e d t h e ge o - t e c h s t u d y an d pr o v i d e d r e C O m m e n d a t i o n I n th e i r 1 2 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 B - G1 1 6 7 1. T F C P Z A l s s u e d a C U p e r m l t f o r t h e pr o J e c t 2. I D F & G l s s u e d P e r m i t f o r t h e pr o J e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) . 3. T w i n Fa l l s H i g h w a y Di s t r i c t Is s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I s s u e d a le t t e r r e c o m m e n d a m a n a g e m e n t pr o g r a m o f no x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , 1 pr i m a r y t o w e r , 3 c o r r e l a t i n g t o w e l ' 33 . 1 % PP A w i t h Id a h o Po w e r C o m p a n y Pr o p r i e t a r y an d C o f l d e n t l a l PA G E 2 7 SW A P . . Sa l m o n F a l l s - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 21 M W 80 0 ac r e s Wi n d P r o J e c t Gr o u n d l e a S e wa s s i g n e d b y S a l m o n F a l l l a n d & l i v e s t o c k C o . o n 8/ 2 4 / 2 0 0 7 Co m p l e t e . F h ' l a l s p l l c l n g d e p e n d e n t o n w r G s e l e c t i o n No Id a h o P o w e r C o m p a n y 10 m i l e s t o n e w s u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Fa c i l i t y S t u d y t o be c o m p l e t e d 3 / 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 6 9 Pl l i 8 i C o , l l C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l I m p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t s ln p r o g r e s s , b o t h a v e n e g 6 t l a t e d C U P S f o r s i m i l a r p r o j e c t s I n t h e a r e a 2y e a r s s , 6 0 m m e t t o w e r 36 . 2 % PP A w i t h I d a h o Po w e r C o m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 8 MU M & ~ I , Mi l n e r D a m - 1 0 Q F Ca s s i a C o u n t y , 1 0 2,2 4 0 ac r e s Win d Pro J e c t Gr o u n d L e a s e w a s sig n e d on 4 / 3 0 / 2 0 0 7 w i t h Pi c k e t t R a n c h & S h e e p C o . Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 3 m i l e s t o M i l n e r s u b s t a t i o n ( M l N R ) In t e r c o n n e c t i o n t o e x i s t i n g d l s . t r i b u t l o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Pr e l i m I n a r y F a c l l t y S t u d y R e p o r t h a s b e e n i s s u e d . In t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 6 7 Pl I t & C o , L L C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l Im p a c t fo r Ex e r g y De v e l o p m e n t W i n d P r o j e c t No t r e q u i r e d in C a s s i a C o u n t y 4 Y e a r s , 1 (6 0 m ) p r i m a r y t o w e r , 2 37 . 3 % PP A w I t h Id a h o P o w e r C o m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i n t i a l PA G E 2 9 lÐ V I Bu r l e y B u t t e - 1 0 Q F Ca s s i a C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W 56 0 a c r e s Wi n d P r o j e c t G r o u n d L e a s e w a s s i g n e d o n 9 / 4 / 2 0 0 7 w i t h J a r o l h n e k F i n a n c i a l G r o u p , LL C . Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 5 M i l e s t o M l i n e r S i . b s t a t I Q I l . ( M L N R ) In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Fa c i l t y S t u d y i n p r o g r e s s . I n t e r c o n n e c t i o n a g r e e m e n t e x e c t u e d . #1 0 5 Pl l z & C o , L L C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l Im p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t s 1. C a s s i a C o u n t y P l a n n i n g & Z o n i n g C o m m i s s i o n I s s u e d p e r m i t f o r w i n d p r o j e c t 4 Y e a r s , 5 0 m m e t t o w e r 36 . 3 % PP A w i t h Id a h o P o w e r C o m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 3 0 k$ ' t ? ¥ # t i Go l d e n V a l l e y - 1 0 Q F Ca s s i a C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W 1,2 3 0 ac r e s Wi n d P r o j e c t G r o u n d l e a s e w a s s i g n e d o n 9 / 4 / 2 0 0 7 w i t h J a r o l i m e k F i n a n c i a l Gr o u p , LL C . Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 1 m i l e t o e x i s t i n g s u b s t a t i o n In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Pr e l i m i n a r y Fa c i l t y S t u d y Re p o r t h a s b e e n i s s u e d . In t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 5 5 Pl l z & C o , l l C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l I m p a c t fo r E x e r g y De v e l o p m e n t W i n d P r o j e c t s 1. C a s s i a C o u n t y P l a n n i n g & Z o n i n g C o m m i s s i o n Is s u e d p e r m i t f o r w i n d p r o j e c t 4 Y e a r s , 1 ( 5 0 m ) p r i m a r y t o w e r , 1 c o r r e l a t i n g t o w e r 34 . 0 % PP A w i t h Id a h o Po w e r Co m p a n y EX E R G Y D E V E L O P M E N T G R O U P Pr o p r i e t a r y a n d C o n f e n t i a l PA G E 3 1 exoo C\ UJz::.. U....J~ Eo.. p.~u Zo:: Eo~ P=~ :: Th e i n o r m a t i o n c o n t a i n e d i n t h s m e m o r a n d u m is p r e l i m i a r y a n d i s p r o v i d e d f o r i l l u s t r a t i v e pu r p o s e s o n l y a n d i s s u b j e c t t o c h a n g e . A n y es t i m a t e s a n d p r o j e c t i o n s ( f i n a n c i a l o r o t h e r w i s e ) co n t a i n e d h e r e i n i n v o l v e s i g n f i c a n t e l e m e n t s o f su b j e c t i v e j u d g m e n t a n d a n a l y s i s b a s e d o n as s u m p t i o n s t h a t m a y o r m a y n o t b e c o r r e c t . Ot h e r p a r t i e s m i g h t p r o j e c t m a t e r i a l l y d i f f e r e n t es t i m a t e s t h a n t h e e s t i m a t e s i n c l u d e d i n t h s me m o r a n d u m . T h e e s t i m a t e s i n c l u d e d i n t h i s me m o r a n d u m a r e n o t i n d i c a t i o n s o f t h e l e v e l o f pr e m i u m s f o r a n y t r a n s a c t i o n . Ma r a t h o n C a p i t a l , L L C m a k e s n o r e p r e s e n t a t i o n or w a r r a n t y , e x p r e s s e d o r i m p l i e d , a s t o t h e ac c u r a c y o r c o m p l e t e n e s s o f t h e i n o r m a t i o n co n t a i n e d i n t h s m e m o r a n d u m , a n d n o t h g co n t a i n e d h e r e i n i s , o r s h a l l b e r e l i e d u p o n a s , a pr o m i s e o r r e p r e s e n t a t i o n , w h e t h e r a s t o t h e pa s t o r t h e f u t u r e . T h s m e m o r a n d u m d o e s n o t pu r p o r t t o c o n t a i n a l l o f t h e i n o r m a t i o n t h a t ma y b e r e q u i r e d t o e v a l u a t e t h e s a i d p o w e r pl a n t s a n d r e l a t e d l o s s e s , d a m a g e s , f e e s o r ex p e n s e s . M a r a t h o n C a p i t a l , L L C . h a s n o t in d e p e n ç : e n t l y v e r i f i e d a n y o f s u c h i n o r m a t i o n an d a s s u m e s n ò r e s p o n s i b i l i t y f o r i t s a c c u r a c y o r co m p l e t e n e s s . T h s m a t e r i a l i s n o t f o r e x t e r n a l di s t r i b u t i o n . MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 S. e c t i o n 1 . : E x e . c u t i v e . S u m . m . a r y . . . . . . . . . . . . . . . . . . . . . . . . . ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Se . c t o n ' 2 . : ' C o m p a n y P r o f i . l e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Se c t i o n . 3 : P . o r t f o l i o I n o r m a . t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4 Se c t i o n . 4 : W i n . d . I n d u s . t r y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 Se c t i o n 5 : T r a n s a c t i o n I n o r m a t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Se c t i o n 6 : P r o j e c t s i n P o r t f o l i o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 9 -: B i g B l u e P h a s e I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 0 .: . I d a h o Q F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1 ., . M a l t a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 .: . B e l l R a p i d s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 .: . B i g B l u e P h a s e I I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 -: . J a c k R a n c h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 .: . N e w D a w n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 ., . C r e i g h t o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7 ., . J u l e s b u r g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 8 -: B i g B l u e P h a s e I l L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9 -: . A c t o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 0 (. B r o a d v i e w . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 1 ., . P a c k e r B u t t e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2 ., . C a t C r e e k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 ., . B i g B l u e P h a s i l . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4 -: B e l l R a p i d s w I S P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 ., . D e v i l s C a u l d r o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 6 -: S n a k e R i v e r Ov e r l o o k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 7 ., . C h r i s t i a s V a l e y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 8 -: G r o u s e C r e k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 9 ., . V a r i o u s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 0 Se c t o n ' 7 . : ' C o n t a ' c . t I n o r m a t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' . . ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 ' 1 Se c t o n 8 : A p p e n d i x ' " D e s c r p t i o n o f I d a h o Q F P r o j e c t s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 3 MA R A T H O N C A P I T A L , L L C Pr o p l e a r y a A d C O e n U B I PA G E 3 CI ~~c wø0CO c:0. C E0 CI::--..:s(. CI)( LU ii~II! 6(, 'Ci:II r: ¡i.Ea. u.... .J-i Eo..t: -cu Zo:: Eo -ci: -c :: Ex e r g y D e v e l o p m e n t G r o u p , L L C ( / l X R G " o r t h e / l C o m p a n y " ) i s o n e o f t h e l a r g e s t in d e p e n d e n t w i n d e n e r g y d e v e l o p m e n t c o m p a n i e s i n N o r t h A m e r i c a . T h e C o m p a n y , fo u n d e d i n 2 0 0 1 , h a s i t s m a i n o f f i c e i n B o i s e , I d a h o . X R G ' s f o c u s i s o n d e v e l o p i n g co m m e r c i a l l y s u c c e s s f u l a n d e n v i r o n m e n t a l l y e f f i c i e n t w i n d e n e r g y p r o j e c t s i n t h e We s t e r n a n d M i d w e s t e r n U n i t e d S t a t e s . T h e C o m p a n y d e v e l o p s w i n d e n e r g y p r o j e c t s fr o m c o n c e p t i o n t h r o u g h c o n s t r u c t i o n a n d c o m m e r c i a l o p e r a t i o n . C o l l e c t i v e l y , X R G ma n a g e m e n t h a s o v e r 1 2 0 y e a r s o f r e n e w a b l e e n e r g y e x p e r i e n c e a n d 1 6 0 y e a r s o f e n e r g y ex p e r i e n c e . XR G h a s r e t a i e d M a r a t h o n C a p i t a l , L L C ( / l M a r a t h o n " ) t o e x p l o r e s t r a t e g i c a l t e r n a t i v e s t o dr i v e t h e g r o w t h o f t h e C o m p a n y b y c o m p l e t i n g i t s 4 , 7 3 8 M W o f w i n d p r o j e c t s i n de v e l o p m e n t a n d e x p a n d i n g i t s p i p e l i n e . A s t r a t e g i c p a r t n e r , e i t h e r a s a n a c q u i r e r o f o r th r o u g h a j o i n t v e n t u r e w i t h X R G , w i l l i m m e d i a t e l y r e c o g n z e v a l u e i n t h e C o m p a n y ' s bl u e c h p m a n a g e m e n t t e a m , h i g h l y r e g a r d e d r e p u t a t i o n , s t r a t e g i c g e o g r a p h i c a l f o c u s an d s i z e a b l e p o r t f o l i o o f l a r g e p r o j e c t s e x p e c t e d t o m a t u r e o v e r t h e n e x t s e v e r a l y e a r s . Ma r a t h o n , o n b e h a l f o f X R G , w i l l b e c o n t a c t i g a s m a l l g r o u p o f p o t e n t i a l s t r a t e g i c pa r t n e r s a n d c o n d u c t i g a p r o c e s s w h i c h w e r e f e r t o a s a / l n o n - a u c t i o n . " O u r i n s t r u c t i o n s fr o m b o t h X R G ' s B o a r d a s w e l l as t h e C o m p a n y ' s S e n i o r M a n a g e m e n t a r e t o i d e n t i f y o n e or s e v e r a l q u a l i f e d p a r t n e r s l i k e l y t o c o m p l e m e n t t h e C o m p a n y ' s s t r a t e g i c p o s i t i o n . X R G wi l l e n t e r t a i n b o t h t y i c a l d e a l s t r c t u r e s a n d c r e a t i v e p r o p o s a l s f r o m i n t e r e s t e d p a r t i e s , bu t l e a d i n g c o n s i d e r a t i o n s w i l l i n c l u d e : a ) t h e p r o p o s e d e c o n o m i c s , b ) t h e c u l t u r a l f i t be t w e e n X R G a n d t h e p a r t e r a n d c ) t h e p a r t n e r ' s a m b i t i o n a n d c o m m i t m e n t t o a s s i s t i n th e g r o w t h o f X R G ' s c u r r e n t p o s i t i o n a s a l e a d i n g p l a y e r i n t h e w i n d m a r k e t . MA R A T H O N C A P I T A L , L L C l Pr o p i e t a r y a n d C o n f l e n t l a l PA G E 5 o ~ CI c. wø ci 0. coC. Eo(. ii¡Q)! B '8lI~i ~0. u,.,. .. -c E-tiø. -cu zo~ E-~~~ :: XR G i s a w i n d d e v e l o p m e n t c o m p a n y f o c u s e d o n p r o f i t a b l e wi n d op p o r t u n i t i e s i n W e s t e r n & Mi d - W e s t e r n S t a t e s .: . H e a d q u a r t e r e d i n B o i s e , I d a h o .: . X R G h a s a s s e m b l e d a t e a m w i t h o v e r 1 2 0 y e a r s o f r e n e w a b l e e n e r g y e x p e r i e n c e t h a t in c l u d e s i n - d e p t h k n o w l e d g e f o c u s e d o n l a n d a c q u i s i t i o n , w i n d r e s o u r c e s , tr a n s m i s s i o n , p o w e r t r a n s a c t i o n s a n d p o l i c y .: . X R G ' s p e r s o n n e l h a v e i n s t a l l e d o v e r 1 , 5 0 0 w i n d t u r b i n e s i n t h e i r c a r e e r .: . W e s t e r n & M i d w e s t e r n U . S . p o r t f o l i o o f 4 , 7 3 8 M W o f w i n d d e v e l o p m e n t p r o j e c t s .) X R G h a s p r e v i o u s l y p u r c h a s e d a t o t a l o f 1 0 9 G E s l e t u r b i n e s o v e r t h e l a s t f e w y e a r s . So m e w e r e i n s t a l l e d o n X R G p r o j e c t s , t h e b a l a n c e w a s c o - o p t e d w i t h o t h e r de v e l o p m e n t s f r o m M a i n e t o O r e g o n .: . X R G h a s s u c c e s s f u l l y n e g o t i a t e d a n d e x e c u t e d 3 0 7 . 5 M W o f P o w e r S a l e s A g r e e m e n t s si n c e 2 0 0 1 .: . X R G a l s o o w n s B i g S k y C r a n e & R i g g i n g , a M o n t a n a L L C , w h i c h i s c a p . a b l e t o r e c e i v e , as s e m b l e a n d e r e c t w i n d t u r b i n e ge n e r a t o r s MA R A T H O N C A P I T A l v L L C Pr a m C ö e n ' a ' PA G E 7 'J Po r t f o l i o Ap p r o a c h Co m p e t i t i v e Ad v a n t a g e s Pr o j e c t Ty p e s Ma n a g e r i s k b y a s s e m b l i n g a po r t f o l i o o f p r o j e c t s a c r o s s W e s t e r n &: M i d w e s t e r n s t a t e s a n d m a r k e t s XR G ' s k e y t e a m m e m b e r s h a v e l o n g - te r m ( a v e r a g e o f 1 8 y e a r s ) w i n d - s p e c i f i c ex p e r i e n c e s t h a t a r e r a t e i n t h i s y o u n g in d u s t r y Al m o s t a l l o f X R G ' s p r o j e c t s i n v o l v e a si n g l e l a n d - o w n e r p e r p r o j e c t . T h i s ap p r o a c h s i g n i f i c a n t l y r e d u c e s t h e co m p l e x i t y o f p r o j e c t d e v e l o p m e n t Ma n a g e t i i n g r i s k b y a s s e m b l ì n g a p i p e l i n e o f p r o j e c t s i n v a 1 ' o u s st a g e s o f d e v e l o p m e n t XR G ' s c o l l e c t i v e e x p e r i e n c e e n a b l e s i t to m a x i m i z e e c o n o m i c r e t u r n s o n pr o j e c t s w i t h m o d e r a t e t o h i g h w i n d re g i m e s St r o n g r e l a t i o n s h i p s w i t h l a r g e co r p o r a t e l a n d - o w n e r s , w h o a r e e a g e r to i n c o r p o r a t e w i n d p o w e r i n t o t h e i r la n d , e n a b l i n g e f f i c i e n t a n d o p t i m i z e d si t e d e v e l o p m e n t s Ti m e a n d r e s o u r c e s a r e p r i o r i t i z e d am o n g t h e m o s t p r o m i s i n g p r o j e c t s an d m a r k e t s XR G l a n d l e a s e s d o n o t l i m i t t h e lo c a t i o n o f t h e t u r b i n e s a n d l e a s e pa y m e n t s a r e b a s e d o n t h e n u m b e r o f tu r b i n e s , n o t s i z e o f l a n d Th r o u g h y e a r s o f e x p e r i e n c e i n t h e wi n d i n d u s t r y , X R G ' s m a n a g e m e n t h a s st r o n g r e l a t i o n s h i p s w i t h k e y su b c o n t r a c t o r s i n t h i s i n d u s t r y XR G p e r f o r m s c o m p r e h e n s i v e in t e r n a l s i t e a n a l y s i s e a r l y t o a v o i d mi d o r l a t e s t a g e f a t a l - f l a w ab a n d o n m e n t XR G i s a d e q u a t e l y c a p i t a l i z e d t o c o v e r th e c o m p a n y ' s o v e r h e a d & : s o m e de v e l o p m e n t c a p i t a l i n t h e n e x t f e w ye a r s MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f / d e n t / l i t PA G E 8 ~l ~:: 1: 2 âS (I..co~oQ.~o Co ~ ~ en I. CI c( Q. l 1 l u,.,. iJ .0 E-..i: .0U Zo:: E- .0~ .0 ~ aJnl~nJlS d!lIS~laUiV\o St r u c t u r e & C a p i t a l i z a t i o n (. X R G i s a l i m i t e d l i a b i l i t y c o m p a n y w h i c h w a s f o r m e d u n d e r I d a h o l a w i n 2 0 0 1 .: . X R G h a s b e e n m a j o r l y f u n d e d b y m a n a g e m e n t / m a j o r i t y o w n e r s s i n c e i t s i n c e p t i o n .: . T h e s o l e d e b t h e l d b y X R G i s a $ 2 M M o n e - y e a r n o t e , a d v a n c e d d u r i n g a n 8 - m o n t h n e g o t i a t i o n w i t h a b a n k i n g e n t i t y .: . X R G i s w h o l l y o w n e d b y o n e i n d i v i d u a l a n d d i s t r i b u t e s p r o f i t s t o i t s d i r e c t o r s a n d o w n e r s b a s e d o n pr o f i t a n d l o s s s t a t e m e n t s Ov e r h e a d .: . X R G i s c u r r e n t l y o p e r a t i n g w i t h $ 4 . 0 M M o v e r h e a d d e v e l o p m e n t b u d g e t t o a c h i e v e p l a n n e d 4 0 0 M W in s t a l l e d p e r y e a r .: . C u r r e n t o w n e r s a r e a b l e t o c o n t i n u e f u d i n g o v e r h e a d b u t a l s o o p e n & a m e n a b l e t o a 3 r d p a r t y co n t r i b u t i o n t o o v e r h e a d .: . X R G i s p l a n n i n g t o a d d t h e f o l l o w i n g e m p l o y e e s i n t h e n e x t 1 2 m o n t h s (. 2 - 3 E n g i n e e r s .: . 1 L a n d T i t l e P e r s o n .: . 1 M i d - M a n a g e r F i n a n c i a l s / C o n t r o l l e r Fi n a n c i a l S t a t e m e n t s .: . P o r t f o l i o m o d e l i s p r o v i d e d b y M a r a t h o n C a p i t a l b a s e d o n r e v i e w o f i n p u t s b y X R G .: . E i d e B a i l l y i s X R G ' s f i n a n c i a l a u d i t o r . P r o f i t a n d L o s s s t a t e m e n t s a r e a v a i l a b l e a f t e r i n d i c a t i o n o f in t e r e s t b y p o t e n t i a l b u y e r / p a r t n e r MA R A T H O N C A P I T A L , L L C i Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 1 0 I E x r g y C o r p o r a t e o ; p l i U l t I r i l I ' i t C I G. r r . d B . . . . n BB P . . _ Pa s c o l l e i Cl l 3 T i e . ED V r o l l e J t a IJ n G l a r d sa C l ! e c c Wl a d L o p e a J" B r o d i Cr v e r o Ma I "" S l t l Bl C I e c ID . MS I : MA R A T H O N , C A P I T A L L L C Pr Q P l e a r a n d Co l d e n t l å l PA G E 1 1 -= Ja m e s C a r k u l i s h a s o ~ e r s i y e a r s e x p e n e n c e i n t h e w i d i n d u s t r . H e i s r e s p o n s i b l e f o r n e g o t i a t i g a n d e x e £ t U n g 37 4 M W o f p o w e r s a l e s a g r e e m e n t s a n d 1 3 t r a n s m i s s i o n i n t e r c o n n e c t i o n a g r e e m e n t s . M r . C a r k u i s r e s p o n s i b l e f o r mo n i t a t i g a n d . s b ~ p i p g t h e . s t a t e a n d l o c a l p ( ) l i ~ c a l a r 4 1 ' e g u l a t o r y e n v i r o ~ e n t s ( F E R C l P U R A , F ~ ~ , D O D , S t a t e pu b l i c u t i l i t y c o m m s s i o n s ) , i n o r d e r t o a c h e v e t i e l y a n d c o m p l e t e a p p r o v a l o f t h e p r o j e c t s a n d r e l a t ê d a g r e e m e n t s . Li k e w i s e , h e m a n a g e s n e g o t i a t i o n s w i t h p o w e r p u r c h a s e r s , d e v e l o p m e n t a n d e x e c u t i o n o f t h e p o w e r p u r c h a s e ag r e e m e n t s , a n d t r a n m i s s i o n a g r e e m e n t s . M r . C a r k u l i s e r ù s t s a n d m a n a g e s t h e e f f o r t s o f a d i v e r s e a r r a y o f ex p e n e n c e d . c o m p a n y M a n a g e m e n t D i r e c t o r s a n d c o n s u l t a n t s t o w a r d s t l s e f f o f t . H e u t i e s h i s r e l a t i o n s w i t h la n d o w n e r s a n d r e s o u r c e e x p e r t s t o i d e n t i p r o s p e c t v e w i d p r o j e c t s i t e s a n d t o n e g o t i a t e l a n d o p t i o n s , l e a s e s , a n d re l a t e d a c q u i s i t i o n a g r e e m e n t s . Ro b e r t P a u l h a s 2 8 y e a r s d o m e s t i c a n d g l o b a l e x p e n e n c e i n w i d e n e r g y d e v e l o p m e n t , c o m m e n c i g w i t h t h e f i r s t su c c e s s f u l d e v e l o p m e n t a n d i n s t a l l a t i o n o f a w i d p r o j e c t o n f e d e r a l l a n d s i n t h e e a r l y 1 9 8 0 s . M r . P a u l i s ' h i g h y re g a r d e d a s a p i o n e e r i n t h e w i n d e n e r g y b u s i n e s s a n d a s o n e o f t h e o n g i a l f o u n d e r s o f t h e m o d e m i n d u s t r y i n t h e US . H e h a s h e l d s e n i o r m a n a g e m e n t p o s i t i o n s i n r e n e w a b l e e n e r g y c o m p a n e s , i n c l u d i n g D i r c t o r A m e r i c a s W e s t sa l e s f o r E n o n W i n d a n d t h e V i c e P r e s i d e n t D o m e s t i c S a l e s f o r N o r d e x N o r t h A m e n c a n m a r k e t . "_ , ~ _ " " , _ _ . . " " , , , ~ , _ , , . , , , , ~ . . _ . . . . _ . , , _ _ _ , , , , , _ c Cl a r e L e e s i s D i r e c t o r o f C o n s t r u c t o n M a n a g e m e n t a n d P r o c r e m e n t w h o i s a l s o a p i o n e r i n t h e w i d i n d u s t r y . Fr o m 1 9 8 2 t o t h e p r e s e n t , M r . L e e s h a s i n s t a l l e d o v e r 1 , 5 0 0 u t i l t y c o n n e c t ê d w i d t u r b i n e s . I n a d d i t i o n , h e h a s pr o v i d e d v i r t u a l y a l l a s p e c t s o f m a n a g e m e n t f o r d o m e s t i c a n d i n t e r n a t i o n a l w i d p r o j e c t s . M r . L e e s h a s p r i a r y re s p o n s i b i l t y f o r p r o j e c t a n d c o n s t r c t o n m a n a g e m e n t a n d f o r i n a s t r c t r e d e s i g n a n d c o n s t r c t i o n o f a l l c i v i an d e l e c t n c a l w o r k s . H e a l s o p r o v i d e s t e c h i c a l a n d o p e r a t i o n a l e x p e r t i s e i n m a j o r e q u i p m e n t s e l e c t i o n a n d pr o c u r e m e n t a g r m e n t s , a n d i n n e g o t i a t i o n o f o p e r a t i o n s a n d m a i t e n a n c e a g r e e m e n t s . a a r e w a s P r e s i d e n t o f a si z a b l e ( 1 , 2 0 0 W i n d T u r b i n e G e n e r a t o r s ) s e r v i c i g o p e r a t i o n f o r w i d t u r b i n e g e n e r a t o r s f o r m a n y y e a r s . M a n y o f th e e a r l y i n o v a t i o n s i n W T G s c a m e f r o m C l a r e ' s r e c o m m e n d a t i o n s t h o u g h t h s e r v i c i g b u s i n e s s . ~- - , ~ . . . . . . . _ - _ . . ~ - " " . " ' - " " " Te r r a n c e W a l t o n h a s n e a r l y t l r t y e a r s e x p e n e n c e i n f i a n c e a n d a c c o u n t i . H e h a s s e r v e d a s c o m p t r o l l e r , C h e f Fi n a n c i a l O f f i c e r a n d C h e f E x e c u t i v e O f f i c e r o f a n u m b e r o f c o m p a n e s i n h i s c a r e e r . H e h a s s p e c i a l e x p e n e n c e i n wi n d p o w e r g e n e r a t i o n , h a v i g b e e c o m p t r o l l e r o f I n t e r n a t i o n a l D y n e r g y , I n c . , a p u b l i c l y t r a d e d a l t e r n a t i v e e n e r g y co m p a n y w i t h w i n d p a r k s u b s i d i a r i e s . La r r y L e i b i s D i r e c t o r o f P r o j e c t E n g i e e r i g a n d a l s o c e n t r a l t o t h e f u c t i o n s o f t h e d e v e l o p m e n t o f f i c e . M r . L e i b i s a PE a n d l i c e n s e d e n g i e e r i n T e x a s a n d C a l i o r n a . M r . L e i b h a s m a n a g e d t e c h c a l d e v e l o p m e n t a n d d e s i g n o f o v e r 1, 8 0 0 M W o f t h e r m a l a n d r e n e w a b l e p o w e r g e n e r a t i o n f a c i t i e s s i n c e 1 9 7 4 . H e i s r e s p o n s i b l e f o r p r o j e c t r e s o u r c e co n f r m a t i o n a n d a n a l y s i s , t r a n s m i s s i o n i n t e r c o n n e c t i o n s t u d i e s a n d . a g r e e m e n t s , p r o j e c t e c o n o m i c f e a s i b i l t y as s e s s m e n t , a n d . s i t e t e s t i g a n d a c c e p t a n c e p r o t o c o l s . H e a l s o s u . p p o r t s t h e n e g o t i a t i o n o f t h e p o w e r p u r c h a s e ag r e e m e n t s , t r a n s m i s s i o n a g r e e m e n t s , . e q u i p m e n t p u r c h a s e a g r e e m e n t s , o p e r a t i o n a n d m a i t e n a n c e a g r e e m e n t s , a n d te c h c a l c o m m u n c a t i o n s w i t h r e g u l a t o r s , u t i l i t i e s , l e n d e r s , a n d i n v e s t o r s . MA R A T H O N C A P I T A L , L L C PA G E 1 2 t N t ' R n ' t y ' ( - 1 ' & J Pr o p r i e t a r y a n d C o n f l d e n t l a l Pa t r c i a P i l i s a f o r m e r C h e f F i n a n c i a l Of f i c e o f N e w W o r l d P o w e r . S i n c e 2 0 0 3 , M s . P i l h a s s u c c e s s f u y p e r m t t e d ov e r 2 0 0 M W o f p r o j e c t s . M s . P i z a n C a r o l W e i s k o f i , P h D , f o r m e r h e a d o f b i o l o g i c a s c e n c e s a t th e H a o r d nu c l e a r f a c i t y i n R i c l a n d , W A , w e r e f u d a m e n t a l i n r e e w o f t h e a v i a n m o r t a l i t y a t A l t a m o n t P a s s a n d f r a m g th e a p p r o p r i a t e r e q u i r e m e n t s t o w a r d t h e s t d y o f W T G / a v i a n c o l l s i o n s . Co l l R u d e e n i s d e v o t e d e n t i l y t o w i d a s a m o t i v e fo r c ge e r a t o r . E x e r g y T e c h o l o g y C o n c e p t s , L L C r X T C " ) i s th e l i c e n s e e a n d e x p e r t s t o W i n d P r o , M e t s o , a n d W A S P , t h e l e a d i g a n a l y s i s t o o l s i n th e w i d i n d u s t r . X T C i s ex p e r t w i t h s o d a r a n d o u r U 1 t s a r e u t i i z e d e x t e n s i v e l y f o r f u r t h e r m o t i v e f o r c e v a l i d a t i o n . X T C i s a l s o t h l e a d su b s i d i a r y f o r X R G o n t h e X R G Z i l o ( ( 2 5 k W t o 9 0 0 K W ) v e r t c a l a x s w i n d t u b i n e d e s i g n fe a t u r i g a b u i t - i n e n e r g y st o r a g e s y s t e m f o r l e v e l i n g o u t p u t , a n d t h e P H l ~ r y b r i d , s t a n d - a l o n e , f u y s u b s c r b e d r e e w a b l e p o w e r s y s t e m t o pr o v i d e f u f i r m p o w e r g e n e r a t i o n f r o m r e n e w a b l e c o m p o n e n t s . Mr . R o b e r t L i p s k o c h h e a d s u p o u r f i e l d c r e w s o n a m o t i v e f o r c e c o m p o n e n t i n t a l l a t i o n , f a b r i c a t i o n o f c o m p o n e n t s , eq u i p m e n t o p e r a t i o n s , a n d a s s i s t s i n o u r c i v i l w o r k p r e a r a t i o n f o r p r o j e c t c o n s t r u c t i o n . M r . L i p s k o c h w a s t h e ge n e r a l m a n a g e r o f a 1 0 0 , 0 0 0 a c r e / f l i r r g a t i o n d i s t r c t f o r m a n y y e a r s a n d i s c l o s e t o t h e a g r a r i a n c o i n U 1 t y . I n ad d i t i o n , M r . L i p s k o c h p r o v i d e s t h e n e c e s s a r y h a n d s - o n e x p e r i e n c e f o r X R G ' s w i d / p u m p s t o r a g e d e v e l o p m e n t wo r k . Ho l l H i g h i s c o m m t t e d t o b u i l d i n g s t r a t e g i c r e l a t i o n s h i p s f o r t h e b e n e f i t o f E x e r g a n d t h e s u c c e s s o f w i d e n e r g y . Sh e o v e r s e e s s t a t e - l e v e l p o l i c y i s s u e s , r e g i o n a l t r a n s m i s s i o n i n t i a t i v e s a n d i s a n a c t i v e m e m b e r o f t h e l o c a l b u s i e s s co m m U 1 t y . M s . H i g h i s a l s o d e v o t e d t o t h e r e u v e n a t i o n o f r u r a l e c o n o m i e s t h o u g h t h e e c o n o m i c a n d s o c i a l ac t v i t i e s o f E x e r g y a n d g a i n g c o m m u n t y - w i d e s u p p o r t i n t h e s e ar e a s . MA R A T H O N C A P I T A L , L L C Pr i e a n C O n f i d e n t i a l PA G E 1 3 c:e oM0Li el c(--a. o---o......o D. "i¡ø"" §iII~ll u......~~jii: -(u zo::~~i:~ :: 33 P r o j e c t s u n d e r d e v e l o p m e n t PP A s s i g n e d : 1 7 7 M W ; P P A s m n e g o t i a t i o n : 3 5 0 M W :1 3 5 . 2 % 4, 7 3 8 M W T o t a l C a p a c i t y :1 1 0 0 % h a v e a t r a n s m i s s i o n l m e / s u b s t a t i o n w i t h 1 0 m i l e s , : 1 7 3 % a r e tr a v e r s e d b y a t r a n s m i s s i o n l m e / s u b s t a t i o n We s t e r n & M i d w e s t e r n U n i t e d S t a t e s Id a h o , M i n e s o t a , M o n t a n a , S o u t h D a k o t a , N e b r a s k a , W y o m i g , Wa s h i g t o n , O r e g o n , W i s c o n s m , A r k a n s a s a n d U t a h Ra n g e i s f r o m 2 0 t o 4 0 0 + M W ; A v e r a g e 2 0 0 M W Ba l a n c e d i n v e n t o r y o f c o n s t r c t i o n - r e a d y t h r o u g h g r e e n f e l d p r o j e c t s MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o f i d e n t I a i PA G E 1 5 XR G h a s a c q u i r e d s i t e s a n d i s d e v e l ' o p l n g p r o j e c t s i n 1 1 s t a t e s fo r i a i t 9 t a . ; ~ p o t e n t i a l c a p a c i t y o f 4 , 7 3 8 M W MA R . A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 1 6 I Pr o j e c t Po r t f o l i o S t a t u s a s o f J u n e 2 0 0 8 1 B i g B l u e P h a s e I Ca p a c i t y P6 0 N e t XR G Si t e En v I r o n m e n t a l Tu r b i n e Wi n d PP A St a t e Ca p a c i t y CO D Sh a r e La n d Pe r m i t s I n t e r c o n n e c t (M W ) Fa c t o r ( % ) (% ) Co n t r o l l e d St u d y Re q . Da t a co m p l e t e d MN 36 . 0 38 . 3 % 20 0 9 10 0 % Pr i v a t e No N a m e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , ; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . _ _ . . . . . . . . . . _ . . . . _ . . _ . . . . . . . . . . . . . . . . . . . . " . , ; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . ; . ; . . ; . . . . . , ; - . ; . ; : . . 2 I d a h o Q F 10 14 1 . 0 31 . 0 % 20 0 9 1 0 0 % P r i v a t e Pi l z & C o .. . . - _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . ~ . . ~ . . . . . ~ . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ - - - - - - - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 M a l t a ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 B e l l R a p I d s 7 0 . 10 10 80 . 0 70 . 5 32 . 4 % 29 . 2 % 20 0 9 1 0 0 % P r i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 0 9 1 0 0 % P r i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ - - - - - - - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Bi g B l u e P h a s I I MN 30 . 0 38 . 3 % 20 1 0 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Ja c k Ra n c h 10 20 0 . 0 33 . 1 % 20 0 9 10 0 % Pr i v a t e ,.. . . . . . . . . . . . . _ . - . . . . . . . _ . . . _ . . . . . . . . . . . . . . - . _ . . - . . . . . . . . . . _ . _ - _ . . . . . . . . . . _ . - . - - _ . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . _ - - _ . - . . . . . . . . . . - . . . _ . . . . . . . . . . . . . . . . . . . _ - - - . . . . . . . . . . . . . . . . . . _ - . . . . . . . . . . . . . . . . . - . . - 7 Ne w O a w n MT 70 . 5 32 . 3 % 20 1 0 10 0 % Pr i v a t e ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Cr e i g h o n SO 20 0 . 0 38 . 6 % 20 1 0 10 0 % Pr i v a t e ~. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Ju l e s b u r g NE 10 0 . 5 37 . 6 % 20 1 0 10 0 % Pr i v a t e ... . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 B i g Blu e Ph a s e I I MN 10 0 . 5 38 . 3 % 20 1 1 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 A c t o n MT 16 0 . 0 38 . 0 % 20 1 0 10 0 % Pr i v a e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' 12 B r o a d v e w MT 30 0 . 0 18 0 20 1 0 10 0 % Pr I v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 P a c k e r B u t t e 10 20 . 0 18 0 20 1 0 10 0 % Pr i v a e ,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 C a t C r e e k 10 20 . 0 18 0 20 1 0 10 0 % Pr i v a t e ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 B i g B l u e P h a s e I V MN 13 3 . 5 38 . 3 % 20 1 3 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 B e l l R a p l d s w / P S 10 70 . 5 18 0 20 1 1 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 O e v l s C a u l d r o n WY 10 0 . 5 41 . 1 % 20 1 1 10 0 % Pr i v a t e .~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . - . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ _ . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . 18 S n a k e R i v e r O v e r l o o k WA 16 6 . 0 29 . 9 % 20 1 1 1 0 0 % P r i v t e .. . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' . . . . . . . . . . . . . _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . _ . . . . . . . . " ' ' ! ~ ! ' . . . . ' ' : . . . . , 19 C h r s t m a v a i i e y .. . _ . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . 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'îl "t l~,,r~~ =3"-"4'" t§~1't' .§"L'Z"st~iliti~.;\;;,X~/'8S~\,,~' . ¿ RP S (R e n e w a b l e P o r t f o l i o S t a n d a r d ) Ex i s t i n g s t a t e l a w s r e q u i r i n g r e n e w a b l e en e r g y w i l l r e s u l t i n 5 0 , 0 0 0 M W o f w i n d en e r g y b y 2 0 2 0 ( a s s u m e s n o f u r t h e r s t a t e s en a c t R P S r e q u i r e m e n t s ) (s o u r c e : E m e r g i n g E n e r g y R e s e a r c h ) MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 3 '_ $ * J % ( # , & ' à . ' " N w \ - , , - , , ; ¡ ¡ , % 8 t ? H f & N t E * d I c:o ~Ni." c:0. o--..(. CO(/c: COJiI- =iCD! B "Ci:Cl~ l0. u.... ,. -: E-..i:-:u zo :: E--:~ -: ~ Sa l i e n t po i n t s t h a t d r i v e X R G ' s d e s i r e t o s e e k a w e l l - c a p i t a l i z e d pa r t n e r .: . X R G ' s c o n t i n u e d g r o w t h i s e x p e c t e d t o e x c e e d f u n d i n g a r r a n g e m e n t s w i t h t h e i r c u r r e n t sh a r e h o l d e r s .: . A s a m i d - s i z e d e v e l o p m e n t co m p a n y , X R G w i l l n o t b e a b l e t o u t i l i z e t h e t a x - b e n e f i t s t h a t w i l l co m e f r o m t h e p r o j e c t s a n d w i l l r e q u i r e t a x i n v e s t o r ( s ) .: . X R G n e e d s a d d i t i o n a l d e v e l o p m e n t c a p i t a l f o r : · P a r t o f P r o j e c t d e v e l o p m e n t e x p e n d i t u r e s · T r a n s m i s s i o n r e q u i r e m e n t s · T u r b i n e d e p o s i t s · P P A S e c u r i t y · B a l a n c e o f P l a n t b u i l d o u t · A c q u i s i t i o n o p p o r t t i e s .: . F o l l o w i n g c o m p l e t i o n o f p r o j e c t d e v e l o p m e n t , X R G a l s o n e e d s a d d i t i o n a l c a p i t a l t o c o n s t r u c t th e p o r t f o l i o · B l e n d o f o p e r a t i o n s a n d d e v e l o p m e n t w i l l u l t i m a t e l y b e s e l f - s u s t a i n i g a n d h i g h l y p r o f i t a b l e · F u t u r e c o m p a n y w i l l b e w e l l p o s i t i o n e d f o r a s a l e , l P G , o r l o n g - t e r m i n f r a s t r u c t u r e h e d g e MA R A T H O N C A P I T A L . L L C Pr c l e a i a n d C o n e n t i l PA G E 2 5 De s ; i r e d T r a n s a c t i o n S t r u c t u r e .: . X R G i s s e e k i n g a s t r a t e g i c p a r t n e r w i t h f i n a n c i a l r e s o u r c e s t o d r i v e c o n t i n u e d g r o w t h a n d m a x i m i z e th e v a l u e o f i t s p r o j e c t p i p e l i n e .) X R G , w i t h t h e s u p p o r t o f i t s p a r t n e r , s h a l l b r i n g t o c o m m e r c i a l o p e r a t i o n p r o j e c t s w h i c h a r e co n s t r u c t i o n r e a d y , b r i n g n e a r - t e r m p r o j e c t s t o c o n s t r u c t i o n r e a d y , m o v e f o r w a r d o n a d d i t i o n a l de v e l o p m e n t a n d c o n t i n u e t o g r o w i t s p r o j e c t p i p e l i n e .: . W h e n p r o j e c t s r e a c h co m m e r c i a l o p e r a t i o n , X R G a n d t h e p a r t e r m a y : .: . D e v e l o p , C o n s t r u c t a n d H o l d M o d e l : As s u m e t h e f u l l o w n e r s h i p o f t h e p r o j e c t a n d r e a p t h e t a x b e n e f i t s OR .: . D e v e l o p , C o n s t r u c t a n d F i n a n c e M o d e l ( 9 9 / 1 S t r u c t u r e ) : Re c o u p t h e d e v e l o p m e n t e x p e n s e s a n d r e a l i z e a d e v e l o p m e n t r e t u r n u t i l i z i n g a m a r k e t - b a s e d fi n a n c i n g s t r c t u r e . F o r e x a m p l e , a t h i r d - p a r t y t a x e q u i t y p a r t n e r w o u l d t a k e 9 9 % o w n e r s h i p of t h e p r o j e c t s u n t i l t h e 1 0 - y e a r P T C p e r i o d i s c o m p l e t e d a n d a r e t u r n h u r d l e i s a c h i e v e d . X R G wo u l d i n v e s t s 1 % o f t h e p r o j e c t e q u i t y a s a m i n o r i t y o w n e r . A f t e r t h e P T C p e r i o d i s c o m p l e t e d an d t h e t a x i n v e s t o r ' s r e t u r n h u r d l e i s a c h i e v e d , X R G w o u l d a s s u m e s 8 0 0 / 0 o f t h e p r o j e c t ow n e r s h i p a n d c a s h f l o w .: . X R G i s f l e x i b l e i n e n t e r t a i n i n g p r o p o s a l s f r o m p o t e n t i a l s t r a t e g i c p a r t n e r s a n d s h a n c o n s i d e r t h e ou t r i g h t p u r c h a s e o f 1 0 0 % o r a s m a l l e r p e r c e n t a g e o f X R G a n d / o r o t h e r s t r u c t u r e s w h i c h b e t t e r a l l o w fo r r i s k a l l o c a t i o n , g a i n s h a r i n g , o r b o o k / t a x e f f i c i e n c y MA R A T H O N C A P I T A L , L L C i PA G E 2 6 Pr o p r i e t a r y a n d C o n f i d e n t I a l De v e l o p , C o n s t r u c t a n d Ho l d Mo d e l As s u m p t i o n s : .: . W e a s s u m e t h a t X R G , w i t h i t s n e w s t r a t e g i c P a r t n e r , f u l l y d e v e l o p s t h e i r p o r t f o l i o o f 4 , 7 3 8 MW ' s o v e r t h e n e x t f i v e y e a r s o n a r o l l - o u t o f a p p r o x . X X X l M W a v e r a g e p e r y e a r a g g r e g a t i n g to $ X . X b i l l i o n 1 . I t i s a s s u m e d t h a t p o r t f o l i o a t t r i t i o n ( p r o j e c t n o n - c o m p l e t i o n ) w i l l b e o f f s e t b y th e a d d i t i o n o f n e w p r o j e c t s .: . W e a s s u m e t h a t e a c h p r o j e c t , u p o n c o m m e r c i a l o p e r a t i o n , a c h i e v e s a n a v e r a g e u n - l e v e r a g e d af t e r - t a x r e t u r n o f o v e r 9 % , o v e r a t w e n t y y e a r h o l d p e r i o d , a s s u m i n g a c o r p o r a t e t a x r a t e o f 40 % , f u l l c u r r e n t u t i l i z a t i o n o f t h e a v a i l a b l e P T e ' s a n d d e p r e c i a t i o n a n d a 2 0 % t e r m i n a l v a l u e Re s u l t s : .: . A s s u m i n g t h a t t h e s t r a t e g i c p a r t n e r h a s a b l e n d e d a f t e r - t a x c o s t o f c a p i t a l o f 7 . 5 % , t h e n e t pr e s e n t v a l u e w h i c h w i l l b e e a r n e d o v e r t i m e b y X R G w i l l b e a p p r o x . $ X X X m i l l i o n 1 , 2 1 P l e a s e r e f e r t o X R G F i n a n c i a l M o d e l 2 P r i o r t o a n y P r e u m P a ì d t o X R G a s p a r t o f t h e a c q u ì s i t i o n MA R A T H O N C A P I T A L , L L C Pr i e r y a R d C o f l d h l PA G E 2 7 De ¥ e l o p , C o n s t r u i c t a n d F i n a n c e M o d e l ( 9 9 / 1 S t r u c t u r e ) As s u m p t i o n s : .: . W e a s s u m e t h e e x a c t s a m e p o r t f o l i o s c e n a r i o o f t h e p r e v i o u s s l i d e b u t f u r t h e r a s s u m e t h a t a t th e c o m m e r c i a l o p e r a t i o n o f e a c h p r o j e c t , a t a x f i n a n c i n g s t r u c t u r e w i l l b e u t i l i z e d , a l l o w i n g XR G t o f u l l y r e c o u p a l l d e v e l o p m e n t c o s t s a n d a l l o w i n g f o r a 1 / 9 9 / 1 " u n l e v e r a g e d t a x s t r u c t u r e , wh e r e X R G w o u l d b e c o m e t h e 1 % p a r t n e r .: . T h e 9 9 / 1 s t r u c t u r e , a s s u m i n g a n : t ( 7 . 5 % ) c o s t o f e q u i t y , w h e n a p p l i e d t o t h e m o d e l e d p o r t f o l i o wi l l r e q u i r e a p p r o x . $ X X m i l l i o n 1 i n p e r m a n e n t i n v e s t m e n t b y X R G b u t w o u l d e n t i t l e t h e co m p a n y t o t h e n f u l l y c o n t r o l t h e p o r t f o l i o a n d o w n 8 0 % o f t h e c a s h f l o w y e a r s 1 1 - 2 0 p l u s 8 0 0 / 0 of t h e t e r m i n a l v a l u e o f t h e p r o j e c t .: . T h e d e v e l o p m e n t r e t u r n i s a f u n c t i o n o f t h e d i f f e r e n c e b e t w e e n t h e p r o j e c t a f t e r - t a x I R R ( 9 % ) an d t h e h u r d l e r a t e o f th e t a x e q u i t y p a r t n e r ( 7 . 5 % ) Re s u l t s : .: . X R G w o u l d e a r n i n t h i s s c e n a r i o .: . R e p a y m e n t o f c a p i t a l i z e d d e v e l o p m e n t c o s t s 2 .: . D e v e l o p m e n t r e t u r n s a n d o w n e r s h i p N P V o f $ X X X m i l l i o n 1 a t 7 . 5 % d i s c o u n t r a t e o v e r 2 0 ye a r s 2 1 P l e a s e r e f e r t o X R G F i n a n c i a l M o d e l 2 P r i o r t o a n y P r e m i u m P a i d t o X R G a s p a r t o f t h e ac q u i s i t i o n . T h e s e r e t u m s a r e p o t e n t i a l y a v a i a b l e t o a b u y e r o f X R G w h o w i i n v e s t t h e n e c e s s a r y de v e l o p m e n t e q u i t y t o l e a s e s i t e , . p r o c e s s p e r m i t s ' c s e c u r e t u r b i n e r i g h t s , p o s t s e c u r i t i e s a r o u n d P P A s , s u p p o r t s t u d i e s , a n d s u p p o r t c o n s t r u c t i o n fi a n c i g e n o u t e t o u t i l i z i g m a r k e t ~ b a s e d l o n g - t e r m p r o j e c t f i a n c i g w h i c h w o u l d a l o w s f o r f u r e c o u p i n g o f a l l c o s t i n c u r r e d MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 8 o en C\---u.ø c: Q. -- (/..(. Q)-~oIi D. I J 1 J u,.,. ,. -( Eo-ø. -( U Zo :x Eo.ii:.i ~ Bi g B l u e P h a s e I Fa r i b a u l t C o u n t y , M N Q3 2 0 0 9 10 0 % 36 M W Bi g B l u e P h a s e I I ( 3 0 M W ) , I I (1 0 0 . 5 M W ) , a n d i V ( 1 3 3 . 5 M W ) 8,0 0 0 ac r e s Mu l t i p l e l e a s e s s i g n e d ( a v a i l a b l e I n t h e D a t a R o o m ) Pr o p o s e d p l a n t o I n s t a l l 2 4 G E 1 . 5 M W t u r b i n e s No MI S O On s l t e 1 6 1 k V t r a n s m i s s i o n l i n e a n d s u b s t a t i o n No t r e q u l r e d 36 M W w i t h I n t e r m i t t e n c y u p t o 1 0 0 M W Al l a n t E n e r g y c o m p l e t e d F a c i l t i e s S t u d y o n A u g u t 1 8 , 2 0 0 6 . L a r g e G e n e r a t o r In t e r c o n n e c t i o n A g r e e m e n t s i g n e d w i t h A l l a n t o n J a n u a r y 2 4 , 2 0 0 7 G3 5 8 M I S O n u m b e r 3 7 8 9 4 - 1 DF W & D N R g a v e p r e l i m i n a r y c o m m e n t s s t a t i n g n o k n o w n f e d e r a l l y l i s t e d t h r e a t e n e d o r en d a n g e r e d s p e c i e s w i t h i n t h e p r o j e c t b o u n d a r y Jo D a v l e s s T o w n s h i p I s s u e d C o n d i t i o n a l U s e P e r m i t o n J a n u a r y 1 6 , 2 0 0 7 . X R G s u b m i t t e d Si t e P e r m i t A p p l i c a t i o n t o P U C & D e p t . o f C o m m e r c e o n J u n e 1 0 , 2 0 0 6 . St a t e H i s t o r i c p r e s e r v a t i o n s u g g e s t e d a s u r v e y 4 Y e a r s , 4 M e t T o w e r s 41 . 2 % ( G r o s s ) ; 7 % ( l o s s ) ; 3 8 . 3 % ( N e t ) PP A w I t h S M M P A MA R A T H O N C A P I T A L , L L C Pr o p r I e t a r y a n d C o n f i d e n t I a l PA G E 3 0 tt v i t " I * ? 4 Š ' ' ' ¡ 4 ¡ y i Ø § , . L 5 S E J ~ - - - - - - - - - - - - - - - I Id a h o Q F P r o j e c t s Va r i o u s C o u n t i e s , 1 0 Q1 2 0 0 9 10 0 % 14 1 M W MA R A T H O N C A P I T A L , L L C 10 , 6 0 0 a c r e s Le a s e s s i g n e d w i t h t h e p r i v a t e o w n e r s o f t h e pr o p e r t i e s Co m p l e t e No Id a h o Q F M a r k e t Va r i o u s d i s t a n c e t o v a r i o u s s u b s t a t i o n s ( s e e a p p e n d i x f o r p r o j e c t d e t a i l ) Pl e a s e s e e e a c h I n d i v i d u a l p r o j e c t Pl l z & C o m p a n y p e r f o r m e d t h e E n V i r o n m e n t a l A n a l y s i s . A m e r i c a n G e o t e c h n l c s co m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 1 2 2 / 2 0 0 5 re p o r t . N o : 0 5 8 - G1 1 6 7 1. T F C P Z A l s s u e d a p e r m i t f o r t h e p r o j e c t 2. I . D F & G I s s u e d Pe r m i t fo r th e p r o j e c t o n 5/6 / 2 0 0 5 (I m p a c t s t u d y I s re q u e s t e d ) 3. T w i n F a l l s H i g h w a y Di s t r i c t I s s u e ~ l l i i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 0 5 4. T F C B N W C Is s u e d a le t t e r re c o m m e n d a m a n a g e m e n t pr o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , 5 p r i m a r y t o w e r s , 6 c o r r e l a t i n g t o w e r s . 31 . 0 % PP A w i t h Id a h o P o w e r C o m p a n y Pr c i r l e a r a n d C o n f l d e n t l a l PA G E 3 1 mw w û ? z " " z & h t Y M 4 M * # I Ca s s i a C o u n t y , 1 0 Q3 2 0 0 9 10 0 % 80 M W 6, 6 0 0 a c r e s Wi n d P a r k E a s e m e n t . A g r e e m e n t w a s s i g n e d o n 3 / 1 4 / 2 0 0 7 w i t h J . R . S i m p l o t C o m p a n y ; Wi n d P E l r k G r Q u l 1 d L . , a s e s i g n e d w i t h R a l t R i v e r R a n c h Pr e i i m i n a r y No Ml d C / C o b b 2 m i l e s In - p r o g r e s s Su p p o r t a t l e a s t 7 0 M W Sy s t e m I m p a c t S t u d y I n p r o g r e s s 00 2 4 6 , G 0 2 4 6 , G 0 2 4 7 a n d G 0 2 4 8 w i t h B o n n e v i l e P o w e r A d m i n i s t r a t i o n Me e t s o r e x c e e d s c o u n t y r e q u i r e m e n t s In ~ p l ' g r e s s 14 m o n t h s ; 1 M e t T o w e r 32 . 4 % In n e g o t i a t i o n w i t h P a c l f l C o r p MA R A T H O N C A P I T A L , L L C i" ' ' ' è # V $ * d f § M i " " i i + i l + l - t 4 W t ¥ * M W ä ' i Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 3 2 Be l l R a p i d s 7 0 M W Tw i n F a l l s C o u n t y , 1 0 Q3 2 0 0 9 10 0 % 70 . 5 M W MA R A T H O N C A P I T A L , L L C 2, 2 6 0 ac r e s Wi n d Pr o J e c t Gr o u n d L e a s e w a s s i g n e d w i t h Ma r k & S u s a n P o t t e r o n 1 0 / 1 0 / 2 0 0 7 ; W i n d Pa r k Ea s e m e n t A g r e e m e n t w a s s i g n e d w i t h O ' C o n n o r E n t e r p r i s e s , I n c . o n 1 1 / 1 8 / 2 0 0 6 (R e v i s e d o n 4 / 3 0 / 2 0 0 8 ) In i t i a l la y o u t . co n t e m p l a t e d Ye s - I n p r o g r e s s Ml d C / C o b b On s l t e No t a p p l i c a b l e 70 . 5 M W Fa c I l i t y S t u d y #1 1 7 Me e t s or e x c e e d s c o u n t y r e q u i r e m e n t s In - p r o g r e s s 4 Y e a r s ; 1 P r i m a r y t o w e r , 3 co r r e l a t i n g t o w e r s 29 . 2 % In ne g o t I a t i o n wl t h A v l t a Pr o p r i e r y a n d C o M t m l a l PA G E 3 3 1% ' t m ~ ! r H t t M A ! ¥ l r W ë g W ' ! t § 9 % # ' i Bi g B l u e P h a s e I I Fa r i b a u l t C o u n t y , M N Q3 2 0 1 0 10 0 % 30 M W Bi g B l u e p h a s e I ( 3 6 M W ) , I I ( 3 0 M W ) , l l l (1 0 0 . 5 M W ) , a n d I V ( 1 3 3 . 5 M W ) 8,0 0 0 ac r e s Mu l t i p l e l e a s e s s i g n e d ( a v a i l a b l e I n t h e D a t a R o o m ) Co m p l e t e . 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A p p l i e d t o T w i n F a l l s C o u n t y Pl a n n i n g & Z o n i n g A d m i n i s t r a t i o n f o r C U p e r m i t f o r th i s pr o J e c t 4 Y e a r s ; 3 M e t T o w e r s 33 . 1 % On g o i n g d i s c u s s i o n s w i t h P a c l f I C o r / S P R / l d a h o P o w e r MA R A T H O N C A P I T A L , L L C "f i : æ t . e w m a M l Pr o p r i e t a n d C o f l c l e n t l a l PA G E 3 5 Ne w D a w n Ca s c a d e C o u n t y , M T Q2 2 0 1 0 10 0 % 70 . 5 M W 2, 5 6 0 a o r e s La l 1 d L e a s e A g r e e m e n t w i t h A l l e n a o d K a r l a N e u m a n n , H i l c r e s t C o l o n y , I n o . , J a m e s a n d Ml o h e l l e N e u m a n n , R o n a l d a n d D e b r a L a u b a c h , a o d T I m o t h y a n d V i c k i e D r o w n Pr e l i m i n a r y No Ml d C / C o b b Oo s l t e No t a p p l i c a b l e Ve t t o b e d e t e r m i n e d Ye t t o b e d e t e r m i n e d No n e Pr e l i m i n a r y a s s e s s m e n t Co u n t y c o n s t r u c t i o n p e r m i t n e c e s s a r y Co r r e l a t i n g fr o m w i n d m a p & 1 o f f - s l t e m e t t o w e r 32 . 3 % On g o i n g d i s c u s s i o n w i t h N o r t h W e s t e r n E n e r g y MA R A T H O N C A P I T A L , L L C i# å å # ¥ l a k : a N " , § a e p 1 k á i L W ' I Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 3 6 ctJ::-i::i0(.c i:U00,.-0 ,.-'Q.c i:~'a ë 0 '¡...ai i:C'0 ~-(l C'0 r-(.0.0-~..~~u Z0 ::r-~~~ :: .. r-N)0 't W0CøN..ci~!0.0~EcF0 oX "C Co '58f.Q0a:~CD :ic CD 0¡¡~t.~c ..CJ II CD ;.r ::=-- CD S't !::c 0 0" êDIIEci:0 E ...r t:i l I:¡0Q.CDQ.C :6 to't ::cCDti8 0 j!i J9 ..""CDtiC-~CD .5 1 CD E co iti0CIICD00E ii~¡S !'t .r't II '"CD c :tcJ¡i::'t CD ~CeCD :S &E ã - i ::'tCJCo't ~;;CD ,g ltS!J!.r J!ti ~II e - L!CD :;0 .5 II iCo~II =-~&('.Q 't lIIC:;ti N ::('S 't :sa.e '"r0cc.!CD ~ti 1 "i lN't !!CD i e c :!!CD (Ø i:r-c ..t:OS ~c J: ..i ci::G !0 0..a.t.:i N z ø z t..5 ., l.. ~0. 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Q4 2 0 1 0 -2 0 0 0 M W :1 , 5 0 0 , 0 0 0 a c r e s Le g a i c o n t r o l o f t h e l a n d No p a r t i c u l a r l a y o u t No Mu l t i p l e No t y e t e s t a b l i s h e d Ye t t o b e D e t e r m i n e d Ye t t o b e D e t e r m i n e d Pr e l i m i n a r y s t a g e s No t a p p l i c a b l e No n e to da t e Un k n o w n 3l l E R E n v i r o n m e n t a l p e r f o r m i n g s t u d y t o d e l i n e a t e l a n d s f o r f u r t h e r w i n d a s s e s s m e n t -3 5 . 8 % Mi d C / C o b b / M I S O / S E R C a n d S P P N E R C MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f l d e n t l a l PA G E 5 0 l1 l ' : a + # k # f u l è ¥ M ¥ i 4 Y ' h . & ' M ! A ' 1 M ' # t l J c:o--.. CO 'PIt u.ø~ Do -.. CJ CO..c:o(.¡¡ Ii I U...... -c E--~ -cu zo;i.. -( ø: -c :: Ex e r g y T e a m M e m b e r s a t M a r a t h o n C a p i t a l Gr e g g E l e s h Ch i e f I n v e s t m e n t O f i c e r / M a n a g i n g Di r e c t o r -: 8 4 7 - 5 7 4 - 2 6 7 6 1 v o i c e -: 8 4 7 - 2 0 9 - 0 6 1 1 m o b i l e -: 8 4 7 - 6 1 5 - 9 0 1 7 1 f a x -: g e l e s h C W m a r a t h o n - a p . c o m Te d Br a n d t Ch i e f e x e c u t i v e O f i c e r I M a n a g i n g D i r e c t o r -: 8 4 7 - 5 7 4 - 2 6 7 7 1 v o i c e -: 8 4 7 . . 9 1 ( ) 2 1 3 5 1 m o b i l e -: 8 4 7 - 6 1 5 - 1 7 1 f a x -: t b r a n d t C W m a r a t h o n - a p . c o m Ar i P r i b a d i Vi c e P r e s i d e n t -: 8 4 7 - 5 7 4 - 2 6 8 1 1 v o i c e (- 3 1 2 - 5 9 3 - 1 9 2 5 1 m o b i l e -: 3 1 2 - 2 1 2 - 4 0 6 8 I f a x -: a p r l b a d l C W m a r a t h o n - c a p . c o m Ma r a t h o n C a p i t a l , L L C 28 0 1 L a k e s i d e D r i v e S u i t e 2 . 1 0 Ba n n o c k b u r n , I L 6 0 0 1 5 US A ww w . m a r a t h o n - c a p . c o m MA R A T H O N C A P I T A L , L L C i PA G E 5 2 Pr o p r i e t a r y a n d C o n f i d e n t i a l ...c'O M ani. C5 c( Q. .£ ca-c-'Io r:o--i ,C. i 1 ll -ll..()l/ Q)Q u,.,. .J -(t-..r: -cu 11o=.. -cø -(2 Th o u s a n d S p r i n g s - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W 62 0 ac r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n U / 1 7 / 2 0 0 5 w i t h B r u c e B r o w n Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 2 m i l e s to . n e w s u b s t a t i o n a t 1 3 a k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Ex c e e d s t h e c u r r e n t c a p a c i t y . M a y b e m i t i g a t e d b y I n s t a l l i n g a 2 3 0 t o 1 3 k V l i n e In t e r c o n n e c t i o n a n d u p g r a d e s s u n k c o s t s f o r t h e 1 4 1 M W o f I d a h o Q F . $ 1 0 , 2 0 0 , 0 0 0 #1 1 7 Am e r i c a n G e o t e c h n l c s c o m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 12 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 ~ 1 1 6 7 1. T F C P Z A I s s u e d a p e r m i t f o r t h e p r o j e c t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. t w i n F a l l s H i g h w a y D i s t r i c t I s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p i e m e n t e d 4 Y e a r s , 1 p r i m a r y t o w e r , 3 c o r r e i a t i n g t o w e r s 34 . 6 % ( l o s s e s o f 3 . 9 % , I n c l u d i n g 0 . 3 % f o r a r r a y ) ; 3 3 . 2 % ( N e t ) PP A w i t h I d a h o P o w e r C o m p a n y MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 5 4 L' ; : " d r , c ~ . . ; " + ~ . g , £ $ Û j $ ø . k A ' : i & r Z Æ $ * - 1 _ ) Tu a n a G u l c h - 1 0 Q F -~ - - - - - - Tw i n F a l l s C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W 94 6 ac r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d w i t h Do u b l e t r e e F a r m , N e w e l l N e l s o n , & Fo r t u n e t h o r o u g h b r e d F a r m s , I n c ( R e v i s e d o n 4 / 2 9 / 2 0 0 8 ) Co m p l e t e . F i n a l s p a c i n g d e p e i i d e n t o n W T G s e l e c t i o n No Id a h o Po w e r C o m p a n y 10 0 f e e t t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s In t e r c o n n e c t i o n a n d u p g r a d e s s u n k c o s t s f o r t h e 1 4 1 M W o f I d a h o Q F - $ 1 0 , 2 0 0 , 0 0 0 Id a h o P o w e r C o m p a n y c o m p i e t e d t h e G e n e r a t o r I n t e r c o n n e c t i o n F e a s i b i l t y S t u d y o n 8/5 / 2 0 0 6 . Re c o m m e n d a t l o n s a r e m a d e f o r u p g m d e s #1 1 7 Am e r i C a n G e o t e c h l c s c o r n p l e t e d th e st u d y a n d pr o v i d e d r e c o m m e n d a t i o n In t h e i r 12 / 2 / 2 0 0 5 r e p o r t . No : 0 5 B - G 1 1 6 7 1. T F C P Z A I s s u e d å p e r m l t f o l ' t h e p l ' o J e c t 2. I D F & G I s s u e d P e r m i t fo r t h e pr o J e c t o n 5/ 6 / 2 0 0 5 ( I m p a c t s t U d y I s r e q u e s t e d ) 3. T w i n F a l l s H l g h w a y D l l t r l c t l s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5/ 1 2 0 5 4. T F C B N W C I s s u e d a le t t e r r e c o m m e n d a ma n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l be c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s 1 pr i m a r y t o w e r , 3 c o r r e l a t l n ' t l J Y i l . r l 32 . 2 % (L o s s e s o f 5 . 8 % , In c l u d i n g 2 . 2 % f o t . . m . y ) l i S O ~ 3 % ( N e t ) PP A w i t h Id a h o P o w e r Co m p a n y MA R A T H O N C A P I T A L , L L C Pr o p r k t a n d C o n f l e n l a l PA G E 5 5 W~ ~ - - - ~ - - ' - - - - - - - ~ ~ = = Or e g o n T r a i l - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W MA R A T H O N C A P I T A L , L L C 54 2 ac r e s Wi n d P a r k Ea s e m e n t A g e e m e n t w a s s i g n e d o n 1 : 1 1 1 / 2 0 0 5 w i t h B r u c e ' " G r e g o r Y Br o w n ; W i n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n j j 1 7 / 2 0 0 5 w i t h F o r t u n e Th o r o u g h b r e d F a r m s , I n c . ( R e v i s e d o n 4 / 2 9 / 2 0 ( 8 ) Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n w r G s e l e c t i o n No Id a h o P o w e r C o m p a n y 1 m i l e t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s In t e r c o n n e c t i o n a n d u p g r a d e s s u n k c o s t s f o r t h e : 1 1 M W o f I d a h o Q F . $ 1 . 0 , 2 0 0 , 0 0 0 Id a h o P o w e r C o m p a n y c o m p l e t e d t h e G e n e r a t o r I n t e r c o n n e c t i o n F e a s i b i l t y S t u d y o n 8/ 5 / 2 0 0 5 . R e c o m m e n d a t i o n s a r e m a d e f o r u p g r a d e s #1 1 7 Am e n c a n G e o t e c h l c s c o m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 1. / 2 / 2 0 0 5 r e p o r t . N o : 0 5 ~ 1 1 6 7 1. T F C P Z A I s s u e d . a p e r m i t f o r t h e p r o j e c t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y D i s t r i c t I s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d i m p l e m e n t e d 4 Y e a r s , 1 p r i m a r y t o w e r , 3 c o r r e l a t i n g to w e r s 32 . 5 % ( l o s e s o f 6 . 0 % , I n c l u d i n g 2 . 4 % f o r a r r a y ) ; 3 0 . 6 % ( N e t ) PP A w i t h I d a h o P o w e r C o m p a n y Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 5 6 lW & M 4 ¥ V k W 4 W i § § i " ¥ d ¥ i § M S § & ¥ $ - = i Pi l g r i m S t a g e S t a t i o n - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W 28 0 ac r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 1 / 1 7 / 2 0 0 5 w i t h R a n d a l l G a r y Be a n Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W f G s e l e c t i o n No Id a h o P o w e r Co m p a n y 4 m i l e s t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s In t e r c o n n e c t i o n a n d u p g r a d e s s u n k co s t s f o r t h e 1 4 1 M W o f Id a h o Q F - $ 1 0 , 2 0 0 , 0 0 0 IP C s t u d y In d i c a t e d t h a t th e t r a n s m i s s i o n l i n e s e r v i n g Is a d e q u a t e . #1 1 6 Pl l z a n d C o . co m p i e t e d t h e e n v i r o n m e n t a l r e v i e w . A m e r i c a n G e o t e c h l c s c o m p l e t e d t h e ge o - t e c h s t u d y a n d p r o v i d e d re c o m m e n d a t i o n I n t h e i r 1 2 2 / 2 0 0 5 r e p o r t . N o : 0 5 & - G1 1 6 7 1. T ~ C P Z A l s s u e d a C U p e r m i t f o r th e p r o j e c t 2. I D F & G l l S u e d P e r m l t f o r t h e p r o J e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t st u d y I s r e q u e s t e d ) . 3. t w i n F a l l s Hi g h w a y Dis t r i c t Is s u e d a i i s t o f r e q u l r e m e n t 8 t o b e m e t on 5/ 1 2 0 5 4. T F C 8 N W C l l S u e d a l ø t e r r e c o m m e n d a m a n a g e m e n t pr o g r a m of n o X i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a l ' , 1 p r i m a r y t o w e r , 3 c o r r e i a t l n g t o w e l ' 32 . 6 % ( L o s e s o f 4 . 0 % , I n c l d i n g 0 . 3 % f o r ar r a y ) ; 31 . % (N e t ) PP A W I t h l d a h o P o w e C o m p a n y MA R A T H O N C A P I T A L , L L C Pr o p r l e t a i a n Co f t l a l PA G E 5 7 f' L " ? i l 1 e Z ' & - i i ? W ¡ ¡ l i w m s m 5 J Sa l m o n F a l l s - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 21 M W MA R A T H O N C A P I T A L , L L C Ad e q u a t e s i t e c o n t r o l w a s I n p l a c e . Wi n d P r o j e c t G r o u n d L e a s e w a s si g n e d b y S a l m o n F a i i L a n d B e L i v e s t o c k C o . o n 8/ 2 4 / 2 0 0 7 Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 10 m i l e s t o n e w s u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s In t e r c o n n e c t i o n a n d u p g r d e s s u n k c o s t s f o r t h e 1 4 1 M W o f I d a h o Q F - $ 1 0 , 2 0 0 , 0 0 0 Id a h o P o w e r C o m p a n y c o m p l e t e d t h e G e n e r a t o r I n t e r c o n n e c t i o n F e a s i b i l t y S t u d y o n 1/ 3 / 2 0 0 7 . R e c o m m e n d a t i o n s a r e m a d e f o r u p g r d e s #1 5 9 Pl l z B e C o , L L C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l Im p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t 1. T F C P Z A I s s u e d a p e r m i t f o r t h e p r o j e c t 2. I D F B e G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y D i s t r i c t I s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 18 m o n t h s , 5 0 m m e t t o w e r 35 . 7 % ( L o s e s o f 6 . 5 % , In c l u d i n g 2 . 8 % fo r a r r a y ) ; . 3 3 . 4 % ( N e t ) PP A w i t h I d a h o P o w e r C o m p a n y Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 5 8 t. ¡ W 1 1 \ \ : ' ¥ ê , " h i M - t i i l § & i " M l I * ' " - - - - - - ) No t c h B u t t e - 1 0 Q F Go o d i n g C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 18 M W 33 0 ac r e s Wi n d P r o j e c t G r o u n d L e a s e w a s s i g n e d o n 4 / 3 0 / 2 0 0 8 w i t h M & N F a r m s co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o Po W e r C o m p a n y 1 m i l e t o 2 3 0 k V l i n e In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s In t e r c o n n e c t i o n a n d u p g r a d e s s u n k c o s t s f o r t h e 1 4 1 M W o f I d a h o Q F . $ 1 0 , 2 0 0 , 0 0 0 IP C s t u d y I n d i c a t e d , af t e r r e c e n t l y r e l o c a t i n g t h e p r o j e c t , a r e - t u d y f o r t h e f e a s i b i l t y st u d y m a y be re q u i r e d #1 6 8 Pl l i & C o , L L C c o m p l e t e d a ge n e r a l stu d y of e n v i r o n m e n t a l I m p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t s Bö c a t l s e p r o l e c l r e æ n t l y r e l o c a t e d , . p r o J e c m a y l'& e d an ad d i t i o n a l Co n d i t i o n a l U s e Pe r m i t . 80 m m e t t o w e r se t fo r In s t a l l o n 8 / 1 3 / 2 O TO O PP A w i t h I d a h o Po w e r Co m p a y MA R A T H O N C A P I T A L , L L C Pr o p i e a r y a n d C o n f i d e n t i a l PA G E 5 9 Ca s s i a C o u n t y , I D Q1 2 0 0 9 10 0 % 19 . 5 M W 2,2 4 0 ac r e s Wi n d P r o j e c t G r o u n d L e a s e w a s s i g n e d o n 4 / 3 0 / 2 0 0 7 w i t h P i c k e t t R a n c h & S h e e p C o . Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n . W T G s e l e ç t l o n No Id a h o P o w e r C o m p a n y 3 m i l e s t o M i l n e r s u b s t a t i o n ( M L N R ) In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s In t e r c o n n e c t i o n a n d u p g r a d e s s u n k c o s t s f o r t h e 1 4 1 M W o f I d a h o Q F . $ 1 0 , 2 0 0 , 0 0 0 Th e s u b s t a t i o n s e r v i n g t h i s a r e a I s t h e M i l n e r ( M L N R ) S u b s t a t i o n . C a p a c i t y a t t h e su b s t a t l o n w l l l n e e d t o b e I n c r e a s e d b y a d d i n g a s e c o n d t r a n s f o r m e r I n t o a n e x i s t i n g b a y an d o p e n i n g t h e s u b s t a t i o n b u s s o t h a t o n l y t h e f e e d e r w i t h t h e w i n d p a r k I s o n t h i s tr a n s f o r m e r . #1 5 7 Pl l z & C o , L L C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l Im p a c t f o r . E x e r g y De v e l o p m e n t W i n d P r o j e c t s In - p r o g r e s s 4 Y e a r s , 1 ( 5 0 m ) p r i m a r y t o w e r , 2 c o r r é i a t l n g t ó w e r s 36 . 5 % ( L o s e s o f 7 . 9 % , . In c l u d i n g 4 . 2 % f ò r a m i y ) ; 3 3 . 6 % ( N e t ) PP A w i t h Id a h o P o w e r C o m p a n y MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 6 0 Bu r l e y B u t t e - 1 0 Q F Ca s s i a C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 10 . 5 M W 56 0 ac r e s WI n d P r o j e c t G r o u n d L e a s e w a s s i g n e d o n 9 / 4 / 2 0 0 7 w i t h J a r o l l m e k F i n a n c i a l G r o u p , LL C . Co m p l e t e . F I n a l s p a c i n g d e p e n d e n t o n w r G s e l e c t i o n No Id a h o P o w e r C o m p a n y 5 M i l e s t o M i l n e r S u b s t a t i o n ( M L N R ) In t e r c o n n e c t I o n t o e x i s t i n g d i s t r i b u t I o n l i n e s In t e r c o n n e c t i o n a n d u p g r d e s s u n k c o s t s f o r t h e 1 4 1 M W o f Id a h o Q F - $ 1 0 , 2 0 0 , 0 0 0 A s t u d y co m p l e t e d b y l D P t o c o n n e c t t o l o c a l 6 9 k V l i n e I s p o s s i b l e a n d I t I s p o s s i b l e t o co n n e c t % m I l e 3 4 . 5 k V l i n e s y s t e m f r o m M i l n e r s u b s t a t i o n #1 1 0 5 Pl l z & C o , L L C c o m p l e t e d a g e n e r a l st u d y o f e n v I r o n m e n t a l Im p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t s 1. C a s s a C o u n t y P l a n n i n g & Z o n i n g C o m m i s s i o n Is s u e d p e r m i t f o r w I n d p r o j e c t 4 Y e a r s , 5 0 m m e t t o w e r 35 . 5 % ( L o s s e s o f 6 . 0 % , I n c l u d i n g 2 . 3 % f . o r arr a y ) ; 33 . 4 % ( N e t ) PP A w i t h Id a h o Po w e r C o m p a n y MA R A T H O N C A P I T A L , L L C h# - g - W ) 4 J i k S # M W L ¥ t ¥ F a . w i Pr o p i e t a r y a n d Co e n l a l PA G E 6 1 Go l d e n V a l l e y - 1 0 Q F Ca s s i a C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 12 M W 1, 2 3 0 ac r e s Wi n d P r o j e c t G r o u n d i . e . a s e w a s s i g n e d o n 9 / 4 / 2 0 0 7 w i t h J a r o l l m e k F i n a n c i a l G r o u p , LL C . Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 1 m i l e t o e x i s t i n g s u b s t a t i o n In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s In t e r c o n n e c t i o n a n d u p g r a d e s s u n k c o s t s f o r t h e 1 4 1 M W o f I d a h o Q F - $ 1 0 , 2 0 0 , 0 0 0 A s t u d y c o m p l e t e d b y I D P t o c o n n e c t t o l o c a l 6 9 k V l i n e I s p o s s i b l e a n d I t I s p o s s i b l e t o co n n e c t % m i l e 3 4 . 5 k V l i n e s y s t e m f r o m M i l n e r s u b s t a t i o n ## 1 5 5 Pl l z & C o , L L C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l Im p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t 1. C a s s i a C o u n t y P l a n n i n g & Z o n i n g C o m m i s s i o n I s s u e d p e r m i t f o r w i n d p r o j e c t 4 Y e a r s , 1 ( 5 0 m ) p r i m a r y t o w e r , 1 c o r r e l a t i n g t o w e r 33 . 3 % ( L o s e s o f 6 . 0 % , I n c l u d i n g 2 . 2 % t o r a r r a y ) ; 3 1 . 3 % ( N e t ) PP A w i t h I d a h o P o w e r C o m p a n y MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 6 2 rg ~ : ; k ' ~ t t k , , , ' - , ' W " " ' J + § J ' % % \ 1 i j i t ¡ l La v a B e d s - 1 0 Q F Bi n g h a m C o u n t y , 1 0 Q1 2 0 0 9 10 0 % 18 . 0 M W 3,0 0 0 ac r e s WI n d P a r k Ea s e m e n t A g r e e m e n t w a s s i g n e d o n 5 / 1 / 2 0 0 7 w i t h S t e v e n , L o r i , M a r k , Sh e r r l l y n n , R o n a l d , a n d J a n l e c e B a l r Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o Po w e r C o m p a n y In t e r c o n n e c t i o n a n d u p g r a d e s su n k c o s t s f o r t h e 1 4 1 M W o f Id a h o Q F - $ 1 0 , 2 0 0 , 0 0 0 In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Tr a n s m i s s i o n li n e c a n o n l y h a n d l e e i t h e r T h o u s a n d S p r i n g s pr o j e c t o r p i i g r i m S t a g e St a t i o n IP C s t u d y In d i c a t e d t h a t t h e t r a n s m i s s i o n l i n e s e r v i n g I s n o t a d e q u a t e w i t h a d d i t i o n a l o f th e T h o u s a n d Sp r i n g s pr o j e c t s #1 5 6 Pl l z & C o , L L C c o m J ) e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l Im p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t s 1. B i n g h a m C o u n t y Pl a n n i n g a n d Z o n i n g C o m m i s s i o n I s s u e d a C o n d i t i o n U s e P e r m i t 4 Y e a r s : 1 2 Me t T o w e r s 26 . 9 % ( L o s s of 5 . 1 % , In c l u d i n g 1 . 3 % f o r ar r a y ) ; 2 5 . 5 % (N e t ) PP A w i t h I d a h o Po w e r C o m p a n y MA R A T H O N C A P I T A L , L L C Pr o p r l e a i y a n d C o d e n t l a l PA G E 6 3 r' Q l ' r 7 ? l 0 3 4 § š F " ~ ~ 4 j I enoo C\ )-0:c:;:zc:.. Ui-i- ,. -: Eo..i: -:u zo :r Eo-:~ -: ~ Th e i n f o r m a t i o n c o n t a i n e d i n t h i s m e m o r a n d u m is p r e l i m i n a r y a n d i s p r o v i d e d f o r i l u s t r a t i v e pu r p o s e s o n l y a n d i s s u b j e c t t o c h a n g e . A n y es t i m a t e s a n d p r o j e c t i o n s ( f i n a n c i a l o r o t h e r w i s e ) co n t a i n e d h e r e i n i n v o l v e s i g n f i c a n t e l e m e n t s o f su b j e c t i v e j u d g m e n t a n d a n a l y s i s b a s e d o n as s u m p t i o n s t h a t m a y o r m a y n o t b e c o r r e c t . Ot h e r p a r t i e s m i g h t p r o j e c t m a t e r i a l l y d i f f e r e n t es t i m a t e s t h a n t h e e s t i m a t e s i n c l u d e d i n t h s me m o r a n d u m . T h e e s t i m a t e s i n c l u d e d i n t h i s me m o r a n d u m a r e n o t i n d i c a t i o n s o f t h e l e v e l o f pr e m i u m s f o r a n y t r a n s a c t i o n . Ma r a t h o n C a p i t a l , L L C m a k e s n o r e p r e s e n t a t i o n or w a r r a n t y , e x p r e s s e d o r i m p l i e d , a s t o t h e ac c u r a c y o r c o m p l e t e n e s s o f t h e i n o r m a t i o n co n t a i n e d i n t h s m e m o r a n d u m , a n d n o t h g co n t a i n e d h e r e i n i s , o r s h a l l b e r e l i e d u p o n a s , a pr o m i s e o r r e p r e s e n t a t i o n , w h e t h e r a s t o t h e pa s t o r t h e f u t u r e . T h s m e m o r a n d u m d o e s n o t pu r p o r t t o c o n t a i n a l l o f t h e i n f o r m a t i o n t h a t ma y b e r e q u i r e d t o e v a l u a t e t h e s a i d p o w e r pl a n t s a n d r e l a t e d l o s s e s , d a m a g e s , f e e s o r ex p e n s e s . M a r a t h o n C a p i t a l , L L C . h a s n o t in d e p e n d e n t l y v e r i f i e d a n y o f s u c h i n f o r m a t i o n an d a s s u m e s n o r e s p o n s i b i l t y f o r i t s a c c u r a c y o r co m p l e t e n e s s . T h i s m a t e r i a l i s n o t f o r e x t e r n a l di s t r i b u t i o n . MA R A T H O N C A P I T A L , L L C PA G E 2 ~- - - - - - _ . . - . - - - I Pr o p r i e t a r y a n d C o n f i d e n t i a l Se c t i o n 1 : E x e c u t i v e S u m m a r y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Se c t i o n 2 : C o m p a n y P r o f i l e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Se c t i o n 3 : P o r t f o l i o I n f o r m a t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Se c t i o n 4 : T r a n s a c t i o n I n f o r m a t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 Se c t i o n 5 : P r o j e c t s i n P o r t o l i o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 .: . I d a h o Q F ( f i r s t 8 p r o j e c t s ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 .: . B i g B l u e P h a s e i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 .: . M a l t a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 (0 B e l l R a p i d s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 5 .: - B i g B l u e P h a s e I I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 6 .: . J a c k R a n c h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 7 .: . N e w D a w n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 8 .: - C r e i g h t o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 9 (0 J u l e s b u r g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 0 -: B i g B l u e P h a s e I I I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1 (0 A c t o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 -: B r o a d v i e w . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 .: - P a c k e r B u t t e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 (0 C a t C r e e k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 -: . B i g B l u e P h a s e m . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' " 3 6 -: B e l l R a p i d s w i S p . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7 .: . D e v i l ' s C a u l d r o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 8 .: - S n a k e R i v e r O v e r l o o k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9 -: C h r i s t m a s V a l l e y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 0 -: G r o u s e C r e e k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 1 .: - V a r i o u s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2 Se c , t i o n . 6 : C o n t a c . t I n f o r m . a t i o n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 Se c t i o n 7 : D e s c r p t i o n o f I d a h o Q F P r o j e c t s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 MA R A T H O N C A P I T A L , L L C i PA G E 3 Pf a n C o d e t i l ~ ca E ~ w Cl cici (1::--..::(. (1)( LU !!ë li l l u,.,.J -(¡.-ii -(u zo :: ¡. -(i: -( :: Ex e r g y D e v e l o p m e n t G r o u p , L L C ( " X R G " o r t h e " C o m p a n y " ) i s o n e o f t h e l a r g e s t in d e p e n d e n t w i n d e n e r g y d e v e l o p m e n t c o m p a n i e s i n N o r t h A m e r i c a . T h e C o m p a n y , fo u n d e d i n 2 0 0 1 , h a s i t s m a i n o f f i c e i n B o i s e , I d a h o . X R G ' s f o c u s i s o n d e v e l o p i n g co m m e r c i a l l y s u c c e s s f u l a n d e n v i r o n m e n t a l l y e f f i c i e n t w i n d e n e r g y p r o j e c t s i n t h e We s t e r n a n d M i d w e s t e r n U n i t e d S t a t e s . T h e C o m p a n y d e v e l o p s w i n d e n e r g y p r o j e c t s fr o m c o n c e p t i o n t h r o u g h c o n s t r c t i o n a n d c o m m e r c i a l o p e r a t i o n . C o l l e c t i v e l y , X R G ma n a g e m e n t h a s o v e r 1 2 0 y e a r s o f r e n e w a b l e e n e r g y e x p e r i e n c e a n d 1 6 0 y e a r s o f e n e r g y ex p e r i e n c e . XR G h a s r e t a i n e d M a r a t h o n C a p i t a l , L L C ( " M a r a t h o n " ) t o e x p l o r e s t r a t e g i c a l t e r n a t i v e s t o dr i v e t h e g r o w t h o f t h e C o m p a n y b y c o m p l e t i n g i t s 4 , 7 3 5 M W o f w i n d p r o j e c t s i n de v e l o p m e n t a n d e x p a n d i n g i t s p i p e l i n e . A s t r a t e g i c p a r t e r , e i t h e r a s a n a c q u i r e r o f o r th r o u g h a j o i n t v e n t u r e w i t h X R G , w i l i m m e d i a t e l y r e c o g n i z e v a l u e i n t h e C o m p a n ý s bl u e c h i p m a n a g e m e n t t e a m , h i g h l y r e g a r d e d r e p u t a t i o n , s t r a t e g i c g e o g r a p h i c a l f o c u s an d s i z e a b l e p o r t f o l i o o f l a r g e p r o j e c t s e x p e c t e d t o m a t u r e o v e r t h e n e x t s e v e r a l y e a r s . XR G w i l e n t e r t a i n b o t h t y p i c a l d e a l s t r u c t u r e s a n d c r e a t i v e p r o p o s a l s f r o m i n t e r e s t e d pa r t i e s , b u t l e a d i n g c o n s i d e r a t i o n s w i l i n c l u d e : a ) t h e p r o p o s e d e c o n o m i c s , b ) t h e cu l t u r a l f i t b e t w e e n X R G a n d t h e p a r t n e r a n d c ) t h e p a r t n e r ' s a m b i t i o n a n d c o m m i t m e n t to a s s i s t i n t h e g r o w t h o f X R G ' s c u r r e n t p o s i t i o n a s a l e a d i n g p l a y e r i n t h e w i n d m a r k e t . MA R A T H O N C A P I T A L , L L C i Pr o i e a n d C o f i t i a l PA G E 5 o ~ Q)(Ø wø c:a. caC. Eo(. ¡¡~ ~c B 'gII~II Qj I U....J~ Eo..~~u Zo:i Eo~ IX~ ~ XR G i s a w i n d d e v e l o p m e n t c o m p a n y f o c u s e d o n pr o f i t a b l e wi n d o p p o r t u n i t i e s i n W e s t e r n & M i d - W e s t e r n S t a t e s .: . H e a d q u a r t e r e d i n B o i s e , I d a h o .: . X R G h a s a s s e m b l e d a t e a m w i t h o v e r 1 2 0 y e a r s o f r e n e w a b l e e n e r g y e x p e r i e n c e t h a t in c l u d e s i n - d e p t h k n o w l e d g e f o c u s e d o n l a n d a c q u i s i t i o n , w i n d r e s o u r c e s , tr a n s m i s s i o n , p o w e r t r a n s a c t i o n s a n d p o l i c y .: . X R G ' s p e r s o n n e l h a v e i n s t a l l e d o v e r 1 , 5 0 0 w i n d t u r b i n e s i n t h e i r c a r e e r .: . X R G ' s p e r s o n n e l h a v e p e r m i t t e d o v e r 3 , 0 0 0 M W .: . W e s t e r n & M i d w e s t e r n U . S . p o r t f o l i o o f 4 , 7 3 5 M W o f w i n d d e v e l o p m e n t p r o j e c t s .: . X R G h a s p r e v i o u s l y n e g o t i a t e d a n d p u r c h a s e d a t o t a l o f 1 0 9 G E s l e t u r b i n e s o v e r t h e la s t f e w y e a r s . .: . X R G h a s s u c c e s s f u l l y n e g o t i a t e d a n d e x e c u t e d 3 0 7 . 5 M W o f P o w e r S a l e s A g r e e m e n t s si n c e 2 0 0 1 .: . X R G a l s o o w n s B i g S k y Cr a n e & R i g g i n g , a M o n t a n a L L C , w h i c h l s c a as s e m b l e a n d e r e c t w i n d t u r b i n e g e n e r a t o r s MA R A T H O N C A P I T A L , L L C PA G E 7 Pn a n C o f k Po r t f o l i o Ap p r o a c h Pr o j e c t Ty p e s Co m p e t i t i v e Ad v a n t a g e s Ma n a g e r i s k b y a s s e m b l i g a po r t f o l i o o f p r o j e c t s a c r o s s W e s t e r n & M i d w e s t e r n s t a t e s a n d m a r k e t s Al m o s t a l l o f X R G ' s p r o j e c t s i n v o l v e a si n g l e l a n d - o w n e r p e r p r o j e c t . T h s ap p r o a c h s i g n i f c a n t l y r e d u c e s t h e co m p l e x i t y o f p r o j e c t d e v e l o p m e n t XR G ' s k e y t e a m m e m b e r s h a v e l o n g - te r m ( a v e r a g e o f 1 8 y e a r s ) w i n d - s p e c i f i c ex p e r i e n c e s t h a t a r e r a r e i n t h s y o u n g in d u s t r Ma n a g e t i i n g r i s k b y a s s e m b l i g a p i p e l i e o f p r o j e c t s i n v a r i o u s st a g e s o f d e v e l o p m e n t XR G ' s c o l l e c t i v e e x p e r i e n c e e n a b l e s i t to m a x i m i z e e c o n o m i c r e t u r n s o n pr o j e c t s w i t h m o d e r a t e t o h i g h w i n d re g i m e s St r o n g r e l a t i o n s h i p s w i t h l a r g e co r p o r a t e l a n d - o w n e r s , w h o a r e e a g e r to i n c o r p o r a t e w i d p o w e r i n t o t h e i r la n d , e n a b l i g e f f i c i e n t a n d o p t i i z e d si t e d e v e l o p m e n t s Ti m e a n d r e s o u r c e s a r e p r i o r i t i z e d am o n g t h e m o s t p r o m i s i n g p r o j e c t s an d ma r k e t s XR G l a n d l e a s e s d o n o t l i m i t t h e lo c a t i o n o f t h e t u r b i n e s a n d l e a s e pa y m e n t s a r e b a s e d o n t h e n u m b e r o f tu r b i n e s , n o t s i z e o f l a n d Th o u g h y e a r s o f e x p e r i e n c e i n t h e wi n d i n d u s t r , X R G ' s m a n a g e m e n t h a s st r o n g r e l a t i o n s h i p s w i t h k e y su b c o n t r a c t o r s i n t h i n d u s t r XR G p e r f o r m s c o m p r e h e n s i v e in t e r n a l s i t e a n a l y s i s e a r l y t o a v o i d mi d o r l a t e s t a g e f a t a l - f l a w ab a n d o n m e n t MA R A T H O N C A P I T A L , L L C i PA G E 8 Pr o p r i e t a r y a n d C O n f i d e n t I a l !:: 1:::ii tn C1..(tiioQ.ii 8 ~ ~ 7:~ .S.s u .~ , jO~ :: Q- 0, if'B, $ '0, ~ i: a18~ ~ fæ. 0' Ll C! cea. Il I :zo:rf- -0i: -( 2 aJnl~nJlS d!LlS~laiV\'\O Ja m e s C a r k u l i s h a s o v e r s i x y e a r s e x p e r i e n c e i n t h e w i n d i n d u s t r y . H e i s r e s p o n s i b l e f o r n e g o t i a t i n g a n d e x e c u t i g 37 4 M W o f p o w e r ~ a l e s a g r e e m e n t s ~ n d 1 3 t r a n s m i s s i o n in t e r c o n n e c t o n ag r e e m e n t s . M r . C a r k u l i s i s r e s p o n s i b l e f o r mo n i t o r i n g a n d s h a p i n g th e s t a t e a n d l o c a l p o l i t i c a l a n d r e g u l a t o r y e n v i r o n m e n t s ( F B R C , P U R P A , F A A , D O D , S t a t e pu b l i c u t i l t y c o m m i s s i o n s ) , i n o r d e r t o a c h e v e t i m e l y a n d c o m p l e t e a p p r o v a l o f t h e p r o j e c t s a n d r e l a t e d a g r e e m e n t s . Li k e w i s e , h e m a n a g e s n e g o t i a t i o n s w i t h p o w e r p u r c h a s e r s , d e v e l o p m e n t a n d e x e c t i o n o f t h e p o w e r p u r c h a s e ag r e e m e n t s , a n d t r a n s i n s s i o n a g r e e m e n t s . M r . C a r k u l i s e n l i s t s a n d m a n a g e s t h e e f f o r t s o f a d i v e r s e a r r a y o f ex p e r i e n c e d c o m p a n y M a n a g e m e n t D i r e c t o r s a n d c o n s u l t a n t s t o w a r d s t h i s e f f o r t . H e u t i l i z e s h i s r e l a t i o n s w i t h la n d o w n e r s a n d r e s o u r c e e x p e r t s t o i d e n t i f y p r o s p e c t i v e w i n d p r o j e c t s i t e s a n d t o n e g o t i a t e l a n d o p t i o n s , l e a s e s , a n d re l a t e d a c q u i s i t i o n a g r e m e n t s . Ro b e r t P a u l h a s 2 8 y e a r s d o m e s t i c a n d g l o b a l e x p e r i e n c e i n w i n d e n e r g y d e v e l o p m e n t , c o m m e n c i n g w i t h t h e f i r s t su c c s s f u l d e v e l o p m e n t a n d i n s t a l l a t i o n o f a w i n d p r o j e c t o n f e d e r a l l a n d s i n t h e e a r l y 1 9 8 0 s . M r . P a u l i s h i g h l y re g a r d e d a s a p i o n e e r i n t h e w i n d e n e r g y b u s i n e s s a n d a s on e o f t h e o r i g i a l f o u n d e r s o f t h e m o d e r n i n d u s t r y i n t h e US . H e h a s h e l d s e n i o r m a n a g e m e n t p o s i t o n s i n r e n e w a b l e e n e r g y c o m p a n i e s , i n c l u d i n g D i r e c t o r A m e r i c a s W e s t sa l e s f o r B n r o n W i n d a n d t h e V i c e P r e s i d e n t D o m e s t i c S a l e s f o r N o r d e x N o r t A m e r i c a n m a r k e t . Cl a r e L e e s i s D i r e c t o r o f C o n S t r u c t i o n M a n a g e m e n t a n d P r o c i r e m e n t w h o i s a l s a p i o n e e r i n t h e W i d i n d u s t r y . Fr o m 1 9 8 2 t o t h e p r e s e n t , M r . L e e s h a s i n t a l l e d o v e r 1 , 5 0 0 u t i l t y c o n n e c e d w i n d t u r b i n e s . . , I n a d d i t i ( ) n , h e h a s pr o v i d e d v i r t a l l y a . l l a . s p e c t s o f m a n a g e m e n t f o r d o m e s t i c a n d i n t e r n a t i o n a l w i n d p r o j e c t s . M r . L e e s h a s p r i m a r y re s p o n s i b i l t y f o r p r o j e c t a n d c o n s t r c t i o n m a n a g e m e n t a n d f o r i n f a s r u c t r e d e s i g n a n d c o n s t r u c t i o n o f a l l c i v i l an d e l e c t r i c a l w o r k s . H e a l s o p r o v i d e s t e c h c a l a n d o p e r a t i o n a l e x p e r t i s e i n m a j o r e q u i p m e n t s e l e c t i o n a n d pr o c u r e m e n t a g r e e m e n t s , a n d i n n e g o t i a t i o n o f o p e r a t i o n s a n d m a i n t e n a n c e a g r e e m e n t s . C l a r e w a s P r e s i d e n t o f a si z a b l e ( 1 , 2 0 0 W i n d T u r b i n e G e n e r a t o r s ) s e r v c i n g o p e r a t i o n f o r w i n d t u r i n g e n e r a t o r s f o r m a n y y e a r s . M a n y of th e e a r l y i n n o v a t i o n s i n W T G s c a m e f r m C l a r e ' s r e c o m m e n d a t i o n s t h r o u g h t h i s s e r v i c i n g b u s i n e s s . Te r r a n c e W a l t o n h a s n e a r l y t h i r t y y e a r s e x p e r i e n c e i n f i n a n c e a n d a c c o u n t i g , H e h a s s e r v e d a s c o m p t r o l l e r , C h i e f Fi n a c i a l O f f i c e r a n d C h i e f E x e c u t i v e O f f i c e r o f a n u m b e r o f c o m p a n i e s i n h i s c a r e r . H e h a s s p e c i a l e x p e r i e n c e i n Wi d p o w e r g e n e r a t i o n , h a v i n g b e e n c o m p t r o l l e r o f I n t e r n a t i o n a l D y n e r g y , I n c . , a p u b l i c l y t r a d e d a l t e r n a t i v e e n e r g y co m p a n y w i t h w i n d p a r k s u b s i d i a r i e s . La r r L e i b i s D i r e c t o r o f P r o j e c t B n g i n e e r i n g a n d a l s o c e n t r a l t o t h e f u n c t i o n s o f t h e d e v e l o p m e n t o f f i c e . M r . L e i b i s a PB a n d l i c e n s e d e n g i e e r i n T e x a s a n d C a l i f o r n i a . M r . L e i b h a s m a n a g e d t e c h n i c a l d e v e l o p m e n t a n d d e s i g n o f o v e r 1, 8 0 0 M W o f t h e r m a l an d r e n e w a b l e p o w e r g e n e r a t i o n f a c i l i t i e s s i n c e 1 9 7 4 . H e i s r e s p o n s i b l e f o r p r o j e c t r e s o u r c e co n f i r m a t i o n a n d a n a l y s i s , t r a n s m i s s i o n i n t e r c o n n e c t i o n s t u d i e s a n d a g r e e m e n t s , p r o j e c t e c o n o m i c f e a s i b i l t y as s e s s m e n t , a n d s i t e t e s t i n g a n d a c c e p t a n c e p r o t o c o l s . H e a l s o s u p p o r t s t h e n e g o t i a t i o n o f t h e p o w e r p u r c h a s e ag r e e m e n t s , t r a n s m i s s i o n a g r e e m e n t s , e q u i p m e n t p u r c h a s e a g r e e m e n t s , o p e r a t i o n a n d m a i t e n a n c e a g r m e n t s , a n d te c h n c a l c o m m u n i c a t i o n s w i t h r e g u l a t o r s , u t i l i t i e s , l e n d e r s , a n d i n v e s t o r s . MA R A T H O N C A P I T A L , L L C Fi , A / " ' w x ' ; ~ , ' k h f N P M é W f j . , l l PA G . E 1 0 Pr o p r i e t a r y a n d C o n f i d e n t i a l Pa t r i c i a P i i z , M B A & C P A Di r e c t o r o f E n v i r o n m e n t a l a n d Pe r m i t t i n g Co l l n R u d e e n Di r e c t o r a n d E n g i n e e r i n g H e a d o f Ex e r g y T e c h n o i o g y C o n c e p t s , L L C Ro b e r t L i p s k o c h , P . E . Wi l l a m P a s c o e , P . E . Pe t e r R i c h a r d s o n , E s q . El s V a n W o e r t NG O R e l a t i o n s & R E C M a r k e t s Ho l I H i g h Di r e c t o r o f C o m m u n i t y a n d Go v e r n m e n t A f f a i r s Pa t r i c i a P i l z i s a f o r m e r C W e f F i n a n c i a l O f f i c e r o f N e w W o r l d P o w e r . S i n c e 2 0 0 3 , M s . P i l z h a s s u c c e s s f u l l y p e r m t t d ov e r 2 0 0 M W o f p r o j e c t . M s . P i l z a n d C a r o l W e i s k o f f , P h D , f o r m e r h e a d o f b i o l o g i c a l s c i e n c e s a t t h e H a n f o r d nu c l e a r f a c i i t y i n R i c h a n d , W A , w e r e fu d a m e n t a l i n r e v i e w o f t h e a v i a n m o r t a l i t y a t A l t a m o n t P a s s an d f r a m g th e a p p r o p r i a t e r e q u i r e e n t s t o w a r d t h e s t u d y o f W T / a v i a n c o l l s i o n s . Co l l n R u d e e n i s d e v o t e d e n t i r e l y t o w i n d a s a m o t i v e f o r c e g e n e r a t o r . E x e r g y T e c h o l o g y C o n c e p t s , L L C ( " X T C " ) i s th e l i c e s e e a n d e x p e r t s t o W i n d P r o , M e t s o , a n d W A S P , t h e l e a d i n g a n a y s i s t o o l s i n t h e w i d i n d u s t r . X T C i s ex p e r t w i t h s o d a r a n d o u r u n t s a r e u t i l z e d e x t e n i v e l y f o r f u r t e r m o t i v e f o r c e v a l i d a t i o n . X T i s a l s o t h e l e a d su b s i d i a r y f o r X R G o n t h e X R G Z i l o ( ( 2 5 k W t o 9 0 0 K W ) v e r t i c a l a x i s w i n d t u r b i n e d e s i g n f e a t u r i n g a b u i l t - i n e n e r g y st o r a g e s y s t e m f o r l e v e l i n g o u t p u t , a n d t h e P H I W r y b r i d , s t a n d - a l o n e , f u l l y s u b s c r i b e d r e n e w a b l e p o w e r s y s t e m t o pr o v i d e f u l l f i r m p o w e r g e n e r a t i o n f r o m r e n e w a b l e c o m p o n e n t s . Mr . R o b e r t L i p s k o c h h e a d s u p o u r f i e l d c r e w s o n a m o t i v e f o r c e c o m p o n e n t i n s t a l l a t i o n , f a b r i c a t i o n o f c o m p o n e n t s , eq u i p m e n t o p e r a t i o n s , a n d a s s i s t s i n o u r c i v i l w o r k p r e p a r a t i o n f o r p r o j e c t c o n s t r u c t o n . M r . L i p s k o c h w a s t h e ge n e r a l m a n a g e r o f a 1 0 0 , 0 0 0 a c r e / f i r r i g a t i o n d i s t r i c t f o r m a n y y e a r s a n d i s c l o s e t o t h e a g r a r i a n c o m m u n i t y . I n ad d i t i o n , M r . L i p s k o c h p r o v i d e s t h e n e c e s s a r y h a n d s - o n e x p e r i e n c e f o r X R G ' s w i n d / p u m p s t o r a g e d e v e l o p m e n t wo r k . Bi l i s t h e f o r m e r V i c e P r e i d e n t o f b o t h e n e r g y s u p p l y a n d t r a n m i s s i o n f o r M o n t a n P o w e r C o m p a n y . H e i s o n e o f th e l e a d i n g a u t h o r i t i e s o f t r a n m i s s i o n s i t u a t i o n s a f f e c t i n g t h e W e s t . H i s c a p a c i t y i s f o c u s e d o n t r a n m i s s i o n a n d co n t r a c t a l o b l i g a t i o n s . Pe t e i s o n e o f t h e l e a d i n g P U R P A a t t o r n e y s i n t h e N o r t w e s t . H e h a s r e p r e n t e d i n d u s t r a l c u t o m e r s , M u n i s , r u r a l co o p e r a t i v e s , a n d i n d e p e n d e n t p o w e r g e n e r a t o r s . H e i s a f o r m e r P U C s t a f f a t t o r n e y . El s c o m e s t o E x e r g y w i t h e x p e r i e n c e d e r i v e d f r o m a n u m b e r o f N G O s a n d e n v i r o n m e n t a l o r g a n i z a t i o n s . S h e ov e r s e e s e n v i r o n m e n t g r o u p o v e r s i g h t a n d i n t e r a c t o n , a l o n g w i t h d e v e l o p i n g p o l i c y w h i t e p a p e r s f o r E x e r g y ' s in p u t t o i n d u s t r y s o l u t i o n s . E l s s h a l l b e f u n d e m e n t a l i n t h e d e v e l o p m e n t o f a r e a i l m a r k e t f o r E x e r g y s En v i r o n m e n t a l A t t r i b u t e s , c a r b o n o f f s e t s a l e s , a n d t r a d a b l e R e n e w a b l e E n e r g y C r e d i t s . Ho l l H i g h i s c o m m i t t e d t o b u i l d i n g s t r a t e g i c r e l a t i o n s i p s f o r t h e b e n e f i t o f E x e r g y a n d t h e s u c c e s s o f w i d e n e r g y . Sh e o v e r s e e s s t a t e - l e v e l p o l i c y i s s u e s , r e g i o n a l t r a n m i s s i o n i n i t i a t i v e s a n d i s a n a c t i v e m e m b e r o f t h e l o c a l b u s i n e s s co m m u n t y . M s . H i g h i s a l s o d e v o t e d t o t h e r e j u v e n a t i o n o f r u r a l e c o n o m i e s t h r u g h t h e e c o n o m i c a n d s o c i a l ac t v i t i e s o f E x e r g y a n d g a i n i g c o m m u n i t y - w i d e s u p p o r t i n t h e s e a r e a s . MA R A T H O N C A P I T A L , L L C I' M ~ w w , a t t H - : ' N , S & 0 3 1 i Pr e p a n C o n f l d e n t a l PA G E 1 1 r:(\'t0wø--c( Q. - o---o\I..I.o Q. l l8i:i:II ll U.... ,. c( e--i: c( U Zo:i E- c(i:.( :2 MA R A T H O N C A P I T A L , L L C mi § W d s § W i I ¥ ¥ ¥ ¥ é " , ' è # i . 4 . 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" i 42 P r o j e c t s u n d e r d e v e l o p m e n t + 1 . 8 m i l i o n a c r e s u n d e r r e v i e w PP A s s i g n e d : 1 7 7 M W ; P P A s i n n e g o t i a t i o n : 1 , 3 5 0 M W :: 3 5 . 2 % 4, 7 3 5 M W T o t a l C a p a c i t y :: 1 0 0 % h a v e a t r a n s m i s s i o n l i n e / s u b s t a t i o n w i t h i 1 0 m i l e s , : : 7 3 % a r e tr a v e r s e d b y a t r a n s m i s s i o n l i n e / s u b s t a t i o n We s t e r n & M i d w e s t e r n U n i t e d S t a t e s Id a h o , M i n n e s o t a , M o n t a n a , S o u t h D a k o t a , N e b r a s k a , W y o m i n g , Wa s h i n g t o n , O r e g o n , W i s c o n s i n , A r k a n s a s , N e v a d a , a n d U t a h Ra g e i s f r o m 2 0 t o 4 0 0 + M W ; A v e r a g e 2 0 0 M W Ba l a n c e d i n v e n t o r y o f c o n s t r c t i o n - r e a d y t h o u g h g r e e n f i e l d p r o j e c t s Pr o i e a n d C o t i a l PA G E 1 3 Oe v e l o p n i e n t p r f ; J e c t s Pr o j e c t s I n 1 , 2 s t a t e s Po t e n t i a l c a p a c i t y o f 4 , 7 3 5 M W Ex p l o r i n g a n a d d i t i o n a l 2 . 5 m i l i o n a c r e s f o r b o t h W i n d a n d P V .. T r y b r i d P r o j e c t Wi n d + S o l a r E x p l o r a t i o n So l a r + W i n d E x p l o r a t i o n MA R A T H O N C A P I T A L , L L C PA G E 1 4 l Pr o p r I e t a r y a n d C o n f i d e n t I a l Pr o j e c t P o r t f o l i o S t a t u s a s o f De c e m b e r 2 0 0 8 Ca p a c i t y P6 0 N e t XR G Si t e En v i r o n m e n t a l Tu r b i n e Wi n d PP A No N a m e St a t e Ca p a c i t y CO D Sh a r e La n d Pe r m i t s I n t e r c o n n e c t (M W ) Fa c t o r ( % ) (% ) Co n t r o l l e d St u d y Re q . Da t a co m p l e t e d 1 Bi g B l u e P h a I MN 36 . 0 38 . 3 % 20 0 9 10 0 % Pr i v a t e ~. . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . _ . . _ . - . . . . . . . . . _ _ . _ . . . . . . . . _ . _ - _ . . . . . . . . . . . . . - - - - - - - - - - - _ . . . . _ _ . _ . . - - . . _ . . _ . . . . . . _ . _ . _ _ . . . . . . . _ _ . . _ . _ - . . . . . _ - - - - - _ . . _ . . . _ . . _ . . _ _ . . - . - _ . . . _ . . _ - . _ . . - - - - - _ . _ - - . . - _ . _ . _ _ . _ . . . . . . . _ . . . . . _ . _ . . _ _ . . - - 2 I d a h o Q F 10 10 8 . 0 32 . 0 % 20 0 9 1 0 0 % P r i v a t e ~~ - _ . - - - - ~ ~ ~ Pi l z & C o :; ; . _ . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . _ . . . . . . . . . . _ . _ . - . . . . . . . . . . . . _ . . . . . . . . . . . . . . _ . . _ . . _ . _ _ . . . . . . . . . . _ - _ . . . . . . . . . . . . . . . . . - - - _ . _ - - . - - _ . . . . . _ . . - - - _ . _ . . . . . . . . . . . _ . . . . . _ . . - _ . . . . . . . . . . . _ . - . _ - _ . _ - _ . . . . . . . . - - _ . . _ _ . - - - - - - . _ . . . - . _ . . . . . . . . _ _ . . . . . . . . _ _ . . . . . . . . . . _ _ . . _ . . . . _ . 19 C h r i s t m a V a l l e y 45 0 . 0 32 . 9 % mE C , In c 4 B e l l R a p i d s 7 0 ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 B i g B l u e P h a s I I 10 10 MN 80 . 0 64 . 8 30 . 0 32 . 4 % 2 0 1 0 1 0 0 % P r i v a t e _. . . _ . . . . . _ . _ . _ . 30 . 1 % 2 0 0 9 1 0 0 % P r I v a t e ,. . . . _ . . . . . . . . . . . . . . . - . _ _ . 38 . 3 % 2 0 1 0 1 0 0 % P r I v a t e 3 M a l t a ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . - . . . . . . . ; . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . _ . _ . . . . . . . . . . . . . . . . . . . . . _ . . . . _ . . _ . _ . . . . . . . . . . . - . . . . . . . - - - - - - - - _ . . . . . _ . . . . . . . . . . - . . _ . _ . . . _ . . . . . _ _ . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . _ . . _ . . _ . . . . _ . . . . . . . . - . . . . . _ . . _ _ . . _ _ . . . . . . . _ _ . . . . . . . _ . . _ . . _ _ . . _ . _ _ . . - . _ . . . _ . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . 6 Ja c k Ra n c h 10 20 0 . 0 33 . 1 % 20 1 0 10 0 % Pr i v a t e _.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - - - - - . . - - . - . . _ _ . . _ - - _ . _ _ . . . . . . . . . . . . . . . . . - . . . . - - - - . . - - - _ . . _ _ . . . . . . . _ . . . . . . . . . . . . _ - . - _ . . . . _ . . . . . . . . . . _ . . . . . . _ . . . . _ . . - . - _ . . . . . . . . . . . . . . . . . . . . . . . _ _ . 7 Ne w O a w n MT 70 . 5 32 . 3 % 20 1 1 10 0 % Pr i v a t e ... . _ - _ . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . - - - - - . - . . - . - _ . . . . . . . . . . . . . . . . . . . . . . . . - - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - . . . . - - - - - - - - . . . . . . . . . . . . . . . . _ . . - - - - 8 Cr e i g h t o n SO 20 0 . 0 38 . 6 % 20 1 0 10 0 % Pr i v a t e ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . _ . . . . _ . . . . . . . . . . . . . . . . . . . . . _ _ . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . - - . . _ . . - . . . 9 Ju l e s r g NE 10 0 . 5 37 . 6 % 20 1 0 10 0 % Pr i v a t e ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . - - - _ . . - 10 BI g Blu e Ph a s I I MN 10 0 . 5 38 . 3 % 20 1 1 10 0 % Pr i v a t e ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . _ . . . . . . . . _ . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . - _ . . . . . . . . . . . . . _ - _ . . _ . _ . . . . . . . . . . . . . . _ . . . . . . _ . . . . _ . _ - . . . . . . . . . . . . . . 11 A c t o n MT 15 0 . 0 38 . 0 % 20 1 0 10 0 % Pr i v a t e _.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . _ . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . _ . - 12 B r o a d v i e w MT 30 0 . 0 38 . 0 % 20 1 0 10 0 % Pr i v a t e .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . _ . . - 13 P a c k e r B u t t e 10 20 . 0 31 . 0 % 20 1 1 10 0 % Pr i v a t e ... . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . _ . . . . ~ . . . . . _ . . . . . . . . . . . . . . . . . . . . _ - - . 14 C a t C t e e k 10 20 . 0 31 . 0 % 20 1 1 10 0 % Pr i v a t e ... . . _ . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . w . . . . . . . . . . . . . . . . . . . . _ . . _ . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . _ . . _ . . _ . . . . . . . . . . . . . . _ . . . . . . . _ . . . . . . _ . . _ . . . 15 B I g B l u e P h a i V MN 13 3 . 5 38 . 3 % 20 1 3 10 0 % Pr i v a t e ... ~ . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . _ _ . . . . . . . _ . . . . . . . . . . . _ . . . . . . . . . . . . . . ~ _ . _ . . . . . _ . . . . . . . . . . _ . . . . . . . . . . . . . . . _ . . . . _ . _ . . _ . . - . . . . . . . . . . . . . _ . . . . . . . . . . . . _ . . _ - . . 16 B e l l R a p i d s w / P S 10 70 . 6 33 . 0 % 20 1 1 10 0 % Pr i v a t e ... . . . . . . . . . . . . . . _ . . . . . _ _ _ _ . _ _ . . . . . . . . . . . w . . . . . . . . . . . . . . . . . . . . . . . . . . . _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . _ . . _ _ . . . . . . . . . . . . . . . _ . . _ . . _ . . . . . . _ . . . . . . _ . . . . . . . . . . . . . . . . _ _ _ _ . 17 o e v i l s C a u l d r o n WY 10 0 . 5 41 . 1 % 20 1 1 10 0 % Pr i v a t e ._ _ . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . - . . . . . . - . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ - _ . . _ . . _ . . . . . . . . - . . . . . . . . . . . . . . . . . . _ _ . _ . . _ . . . . . . . . . _ . . . . . . . . . . . . . 18 S n a k e R i v e r O v e o o k WA 16 5 . 0 29 . 9 % 20 1 2 10 0 % Pr i v a t e ... . . . . . . - . . - . . . . . . _ . . . . _ . . . . . . . . . . . . . . . . _ . . _ _ . . . . _ . . . . . . . . . . . . . . . . . _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . _ . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . _ . . _ . . . . . . - . _ . . _ . . . . . . . . . . - . . . . . . . . _ _ . _ - _ . . _ . - _ . . . _ . . . . _ . . . . . . . . . . . . . . . OR 20 1 2 1 0 0 % P r i v a t e _.. . . _ . . . . _ . . . . _ . . . . . . . . . . . _ . . . . . . . . . . . . . _ _ . - . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ _ . . . _ . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . - - . . - . . . . . . . - _ . . . . - _ . . . . - - _ . - . . . . . _ . . . _ . . - . . . . _ . . - . ~ ~ 20 G r o u s e C r e e k UT 30 0 . 0 33 . 1 % 20 1 2 1 0 0 % P r i v a t e ... _ . . . . _ . . _ . . . . . . _ . . . . . . . . . . . . . . . . _ . . . . . . . . . _ _ . . . . . . . . . . . . . . _ . . . . . . . _ . . . . . . . . _ . . . . . . . . . . . . . . w . . . . _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . _ . . _ _ _ _ . . . _ . . _ _ _ . . _ . . _ _ _ _ . . _ _ . . . . . . . . . . . . . . _ . _ _ . . _ . . . . . . . . . . _ . . . . . . . . . . . . . _ _ _ . . . . . _ . . . . _ . . _ _ . . . . . . _ . . . . _ . . _ . . . . . _ _ _ . . . . . . . . . . _ _ _ . . _ _ _ _ . . . . . . . . . . . . . . . . . . . . _ . . . . . . _ _ _ _ . . _ . . . . . . . . . . . . . . _ _ . . _ _ _ . . _ _ _ _ . . _ . . . . _ . . . . . . . . . . . . . . . . _ _ _ . . . . . . . . . . . _ . . . . w _ . . . . _ . . _ _ _ _ . 21 v a o u ( 4 P r o j e c t s ) M N , W i , 10 , A R 2 0 0 0 . 0 35 . 8 % V a r i o u s 1 0 0 % P r i v a t e CO m p l e t e d On g o i n g Ne w I n s t a l l a t i o n MA R A T H O N C A P I T A L , L L C i Pr o p e t a n d c o f i d e n t a l PA G E 1 5 Pr o j e c t P P A S u m m a r y a s o f D e c e m b e r 2 0 0 8 Na m e St a t e Of f t a k e r Po w e r Ma r k e t pr o p o s e d W T Q T r a n i m l 8 a l o n Un e ( k V ) Ma x I m u m Ne t El e c t r I c Pr o d u c t l o n (M W . b ) PP A R E C Ca p a c I t y P P A R a t e E I t . . R E C R a t e . . , . . . . . . . I t . . P P A D a t e io a a o r . . . . . . . . " I l i e a a o r (M W ) ( $ / M W b ) ( " ) ( $ / M W b ) ( C e n t a ) S i g n e d 6 ' " M a g c W i n d ID Id a h o Po w e r ~P C lB A 1B lB A 20 . 0 lB A 1B 1B 1 B 6/ 6 / 2 0 Q 6 It C o m p a n y i s i n f i n a l n e g o t i a t i o n t o a c q u i r e M a g i c W i n d . T h e p r o j e c t i s f u l l y p e r m i t t e d , P P A r e a d y , . & : r e a d y t o b e b u i l t MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f l d e n U a l PA G E 1 6 I ,.~ w C5 c1 Q. iã 'êQl"C 'ê 8 "Ci:tl~tl ãí~ £.to+-toC -cc: ~o.--o~looa. ?Dlo (1c: UJ C-c:)( U.... ..~ r- 0.~ U Zo ::r-~ P:~ ~ XR G I s i n f i n a i n ~ ø o t i a t i o n t o . ~ ~ u i r e s i t e s t h a t wIl l re a d t o a n a d Ø l t l ~ n Î I 61 1 M W o f w l n C l . . . p r o j e c t s t o Its cu r r e n t p i p e l l n . o f 4, 7 3 5 M W o f p r o j e c t s un d e r c o n t r o l No N a m e St a t e Pr o j e d Ca p a c i (M W ) 8 W o o d a l l M ó u n t a m 1 D 1 1 To t a l 6 1 1 II C o m p a n y i s i n f i n a l n e g o t a t i o n t o a c q u i r e M a g i c W i n d . T h e p r o j e c t i s f u l l y p e r m t t e d , P P A r e a d y , & : r e a d y t o b e b u i l MA R A T H O N C A P I T A L , L L C i Pr o p r I e t a r y a n d C o n f I d e n t I a l PA G E 1 8 ..::o LL s:o en~ LL cic: Q. o--+-(. CO(Js: COliI- I 1 l U....,. 00 E-..ø. 00u :zo:i E- 00i: 00 :: .: . F r o m i t s i n ç e p t i o n , E x e r g y h a s s e l f - f u d e d b o t h t h e d e v e l o p m e n t o f t h e p o r t f o l i o a n d p r o j e c t s wh i c h X R G h a s b r o u g h t t o C o m m e r c i a l O p e r a t i o n . .: . E x e r g y s h a l l c o n s i d e r i n v e s t m e n t t o a d d v a l u e t o i t s p o r t f o l i o a t .: . C o r p o r a t e l e v e l - E x e r g y D e v e l o p m e n t G r o u p ( p o r t f o l i o a n d n e w t e c h n o l o g i e s ) .: . C o m p a n y l e v e l - E x e r g y D e v e l o p m e n t G r o u p o f I d a h o .: . H o l d c o l e v e l - X R G D e v e l o p m e n t P a r t n e r s .: . P r o j e c t l e v e l - S p e c i a l p u r p o s e d e v e l o p m e n t c o m p a n i e s .: . E x e r g y ' s g o - f o r w a r d s t r a t e g y s h a l l b e p r e d i c a t e d o n t h e a d d i t i o n a l i n v e s t m e n t c o n s i d e r a t i o n s wh i c h m a y e n v e l o p e a v a r i e t y o f o p t i o n s : .: . S e l l t h e p o r t o l i o a s d e v e l o p e d .: . I m p r o v e a n d s e l l e a c h p r o j e c t a t t h e p o i n t o f c o n s t r c t i o n r e a d y ( N o t i c e t o P r o c e e d ) .: . I m p r o v e , c o n s t r c t , a n d s e l l e a c h p r o j e c t u p o n C o m m e r c i a l O p e r a t i o n .: . I m p r o v e , c o n s t r c t , a n d h o l d a n o p e r a t i n g p o r t f o l i o f o r b o t h t a x i n c e n t i v e s a n d c a s h f l o w .: . B r i n g a s u f f i c i e n t n u m b e r o f i n d i v i d u a l p r o j e c t s t o C o m m e r c i a l O p e r a t i o n a n d m o v e t o a n i n i t i a l p u b l i c of f e r i n g .: . N e w T e c h n o l o g i e s .: . E x e r g y ' s s t a t e d g o a l s h a l l b e t o e n h a n c e p r o d u c t d e v e l o p m e n t a n d s a l e s t o a c h i e v e a m i n i m u m 1 0 % , af t e r t a x r e t u r n . MA R A T H O N C A P I T A L , L L C i Pr o p r i e t a r y a n d C O n f i d e n t i a l PA G E 2 0 o T" C'---wøci Q. c-- en..(. Q)-~oJ.c. l l 1 l u,.,. ..-i~..ø. -i U .~ 0: .:i~ "ê ØI.-i :: Id a h o Q F P r o j e c t s Va r i o u s C o u n t i e s , 1 0 Q3 2 0 0 9 10 0 % 10 8 M W MA R A T H O N C A P I T A L , L L C ua M i h + l i r 4 ¥ ¥ A M U f ¥ W h i 10 , 6 0 0 a c r e s Le a s e s s i g n e d w i t h t h e p r i v a t e o w n e r s o f t h e p r o p e r t i e s Co m p l e t e No Id a h o Q F M a r k e t Va r i o u s d i s t a n c e t o v a r i o u s s u b s t a t i o n s ( s e e a p p e n d i x f o r p r o j e c t d e t a i l ) Pl e a s e s e e e a c h I n d i v i d u a l p r o j e c t . P r o j e c t s c o n n e c t t o 3 4 . 5 k V I d a h o P o w e r d i s t r i b u t i o n sy s t e m ( n o e a s e m e n t s r e q u i r e d ) . Pl l z & C o m p a n y p e r f o r m e d t h e E n v i r o n m e n t a l A n a l y s i s . A m e r i c a n G e o t e c h n l c s co m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 1 2 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 8 - G1 1 6 7 1. T F C P Z A i s s u e d a p e r m i t f o r t h e p r o j e c t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y D i s t r i c t I s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 6 p r i m a r y t o w e r s ( 6 0 m , 5 0 m & 3 0 m ) , 6 c o r r e l a t i n g t o w e r s ( 5 0 m & 2 0 m ) - 4 y e a r s 32 . 1 % PP A w i t h I d a h o P o w e r C o m p a n y Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 2 Bi g B l u e P h a s e i Fa r i b a u l t C o u n t y , M N Q4 2 0 0 9 10 0 % 36 M W Bi g B l u e P h a s e I I ( 3 0 M W ) , I I (1 0 0 . 5 M W ) , a n d I V ( 1 3 3 . 5 M W ) 8, 0 0 0 a c r e s Mu l t i p l e l e a s e s s i g n e d ( a v a i l a b l e I n t h e D a t a R o o m ) Pr o p o s e d p l a n t o I n s t a l l 2 4 G E 1 . 5 M W t u r b i n e s No MI S O On s l t e 1 6 1 k V t r a n s m i s s i o n l i n e a n d s u b s t a t I o n No t r e q u i r e d 36 M W w i t h I n t e r m i t t e n c y u p t o 1 0 0 M W Al l a n t E n e r g y c o m p l e t e d F a c i l i t i e s S t u d y o n A u g u s t 1 8 , 2 0 0 6 . L a r g e G e n e r a t o r In t e r c o n n e c t i o n A g r e e m e n t s i g n e d w i t h A l l a n t o n J a n u a r y 2 4 , 2 0 0 7 G3 5 8 M I S O n u m b e r 3 7 8 9 4 - 1 DF W & D N R g a v e p r e l i m i n a r y c o m m e n t s s t a t i n g n o k n o w n f e d e r a l l y l i s t e d t h r e a t e n e d o r en d a n g e r e d s p e c i e s w i t h i n t h e pr o J e c t b o u n d a r y Jo D a v l e s s T o w n S h i p Is s u e d Co n d i t i o n a l U s e P l i r i n l t o n J a n u a r y 1 6 , 2 0 0 7 . X R G s u b m i t t e d Si t e P e r m i t A p p l i c a t i o n t o P U C & De p t . o f C o m m e r c o n J u n e 1 0 , 2 0 0 6 . st a t e H i s t o r i c p r e s e r v a t i o n s u g g e s t e d a s u r v e y 4 M e t T o w e r s ( 6 0 m & 5 0 m ) - 4 y e a r s 41 . 2 % ( G r o s ) ; 7 % ( L o s s ) ; 3 8 . 3 % ( N e t ) I G E 1 J 5 e J PP A w l t h S M M P A MA R A T H O N C A P I T A L , L L C Pr o p k t a n C o n f k t l a l PA G E 2 3 FW - - - - ) Ma l t a Ca s s i a C o u n t y , 1 0 Q2 2 0 1 0 10 0 % 80 M W 6, 6 0 0 a c r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 3 / 1 4 / 2 0 0 7 w i t h J . R . S i m p l o t C o m p a n y ; Wi n d P a r k G r o u n d L e a s e s i g n e d w i t h R a l t R i v e r R a n c h Pr e l i m i n a r y No Ml d C / C o b b 2 m i l e s '' ' r o g r e s s Su p p o r t s a t l e a s t 7 0 M W Sy s t e m I m p a c t S t u d y I n p r o g r e s s G0 2 4 5 , G 0 2 4 6 , G 0 2 4 7 a n d G 0 2 4 8 w i t h B o n n e v i l e P o w e r A d m i n i s t r a t i o n Me e t s o r e x c e e d s c o u n t y r e q u i r e m e n t s No t r e q u i r e d I n C a s s i a C o u n t y 2 m e t t o w e r s ( 6 0 m & 3 0 m ) - 2 y e a r s 32 . 4 % ( G E 1 . 5 8 I e ) In n e g o t i a t i o n w i t h P a c l f l C o r p MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 4 Be l l R a p i d s 7 0 Tw i n F a l l s C o u n t y , 1 0 Q4 2 0 0 9 10 0 % 64 . 8 M W 2, 2 6 0 ac r e s Wi n d P r o j e c t G r o u n d L e a s e w a s s i g n e d w i t h M a r k & S u s a n P o t t e r o n 1 0 / 1 0 / 2 0 0 7 ; W i n d Pa r k Ea s e m e n t A g r e e m e n t w a s s i g n e d w i t h O ' C o n n o r E n t e r p r i s e s , I n c . o n 1 1 / 1 8 / 2 0 0 6 (R e v i s e d o n 4 / 3 0 / 2 0 0 8 ) In i t i a l la y o u t c o n t e m p l a t e d Ye s - I n p r o g r e s s Mi d C / C o b b On s l t e No t a p p l i c a b l e 64 . 8 M W Fa c i l t y S t u d y t o b e c o m p l e t e d b y 3 / 2 3 / 2 0 0 9 #1 1 7 Me e t s o r e x c e e d s c o u n t y r e q u i r e m e n t s In - p r o g r e s s 1 P r i m a r y t o w e r ( 8 0 m ) , 3 c o r r e l a t i n g t o w e r l ( 6 0 m 8 c 2 0 m ) - 4 ye a r s 30 . 1 % ( G E 1 . 8 x 1 e ) In n e o t i a t i o n w i t h A v l s t a MA R A T H O N C A P I T A L , L L C Pr o p e t a n d C o i a l PA G E 2 5 Bi g B l u e P h a s e I I Fa r i b a u l t C o u n t y , M N Qa 2 0 1 0 10 0 % 30 M W Bi g B l u e p h a s e I ( 3 6 M W ) , I I ( 3 0 M W ) ¡ 1 l (1 0 0 . 5 M W ) , an d I V ( 1 3 3 . 5 M W ) 8, 0 0 0 ac r e s Mu l t i p l e l e a s e s s i g n e d ( a v a i l a b l e I n t h e D a t a R o o m ) Co m p l e t e . D e p e n d e n t o n t u r b i n e s e l e c t i o n No MI S O On s l t e 6 9 k V t r a n s m i s s i o n l i n e a n d s u b s t a t i o n No t r e q u i r e d 30 M W No a p p l i c a t i o n t o d a t e No n e DF W & D N R g a v e p r e l i m i n a r y c o m m e n t s s t a t i n g n o k n o w n f e d e r a l l y l i s t e d t h r e a t e n e d o r el 1 d a n g e r e d s p e c i e s w i t h i n t h e p r o j e c t b o u n d a r y Jo D a v l e s s T o w n s h i p I s s u e d C o n d i t i o n a l U s e P e r m i t o n J a n u a r y 1 6 , 2 0 0 7 . X R G s u b m i t t e d Si t e P e r m i t A p p l i c a t i o n t o P U C & D e p t . o f C o m m e r c e o n J u n e 1 0 , 2 0 0 6 . St a t e H i s t o r i c p r e s e r v a t i o n s u g g e s t e d a s u r v e y 4 M e t T o w e r s ( 6 0 m & 5 0 m ) - 4 y e a r s 38 . 3 % ( G E 1 . 5 s l e ) In n e g o t i a t i o n w i t h M I S O MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 2 6 'w e J Ja c k R a n c h Tw i n F a l l s C o u n t y , 1 0 Q4 2 0 0 9 ( p h a s e s I ) 10 0 % 20 0 M W N/ A 20 , 0 0 0 a c r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 0 / 5 / 2 0 0 6 w i t h J . R . S i m p l o t S e l f - De c l a r a t i o n o f R e v o c a b l e T r u s t 11 1 V e s t a s V 9 0 t u r b i n e s No Ml d C / C o b b 34 5 k V b i s e c t s s i t e No t a p p l i c a b l e 20 0 M W o f N R s o u t h - 3 0 0 M W o f N R / E R n o r t h Fe a s i b i l i t y s t u d y c o m p l e t e - f l o w n o r t h ; S y s t e m I m p a c t S t u d y c o m p l e t e - f l o w s o u t h . Re a s s e s s i n g o p p o r t u n i t y b a s e d o n r e s u l t s . R e - u b m l t f o r c o n t i n u i n g s t u d i e s o n c e de t e r m i n a t I O n I s c h o s e n . #2 5 7 TR E C , I n c . c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l i i n p a c t f o r P l l z & Co , L L C o n be h a l f o f E x e r g y D e v e l o p m e n t W i n d P r o j e c t . O n 3 / 2 0 / 2 0 0 6 1. A p p l i e d t o T w i n F a l l s C o u n t y P l a n n i n g & Z o n i n g A d m i n i s t r a t i o n f o r C U p e r m i t f o r th i s p r o j e c t 3 M e t T o w e r s ( 5 0 m & 3 0 m ) - 4 y e a r s 33 . 1 % ( V e s t a s V 9 0 , 1 . 8 ) On g o i n g di s c s s i o n s w l t h P a Ø l r p / 8 P R l l c l a h o ~ o w e r MA R A T H O N C A P I T A L , L L C Pr o p i e t a n d C O n f i d e n t i a PA G E 2 7 f = = -g CI I: ECI C~~U ...5 Q - CD:0-c.io uÕ ;¡(. "0_ CII CI~~æõ%Eèi=C "0CI C E CI:s _ CD .cZ u CI .:"C :s CI CI:i .. "0 CIC .. CI .cCDCQ .! "0eë ¡ S "0'i'i.. 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Q)3:.."C :E ..'C' CJ It -:Ul co 0 E-CJ ""il -:u Z0:: E- -:~ -: ~ Cr e i g h t o n Pe n n i n g t o n C o u n t y , S O Q4 2 0 1 0 10 0 % 20 0 M W 4, 7 2 0 a c r e s Wi n d P r o j e c t G r o u n d L e a s e s i g n e d w i t h R a n d y G & C a l e n e B a b c o c k o n 9 / 1 2 / 2 0 0 7 a n d Go r d o n & Gl a d y s B a b c o c k o n 7 / 2 9 / 2 0 0 8 Pr e l i m i n a r y Cu r r e n t l y e x e c u t e d a g r e e m e n t s s u p p o r t m o r e t h a n 1 0 0 M W . 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St a t e H i s t o r i c p r e s e r v a t i o n s u g g e s t e d a s u r v e y 4 Me t T o w e r s ( 6 0 m & 6 0 m ) - 4 y e a r s 38 . 3 % ( B E 1 . 5 s l e ) On g o i n g d i s c u s s i o n w i t h M I S O MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 3 1 Ye l l o w s t o n e C o u n t y , M T Q3 2 0 1 0 10 0 % 15 0 M W 8, 0 0 0 a c r e s Wi n d P r o j e c t G r o u n d L e a s e , s i g n e d w i t h M o u n t a i n V i e w C o l o n y o n 6 / 1 3 / 2 0 0 8 Pr e l i m i n a r y No Mi d C / C o b b On s l t e 2 3 0 k V - f l o w s t o s u b s t a t i o n w h i c h c o n n e c t t o d u a l 5 0 0 k V , 2 m i l e s d i s t a n t Ye t t o b e d e t e r m I n e d Ye t t o b e d e t e r m I n e d Fe a s i b i l i t y s t u d y c o m p l e t e - N e w a p p l i c a t i o n b e i n g s u b m i t t e d d u e t o b i f u r c a t i n g t o t a l M W In t o t w o s e p a r a t e P P A s . #4 8 Ye t t o b e d e t e r m i n e d In - p r o g r e s s 2 m e t t o w e r s o n a d j a c e n t B r o a d v i e w p r o j e c t ( 3 0 m ) - 9 m o n t h s . 1 o f f - s l t e m e t t o w e r . -3 8 . 0 % ( G E 1 . 5 5 l e ) On g o i n g d i s c u s s i o n w i t h P u g e t P o w e r & P a c l f l C o r p MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 3 2 -M ' Æ I Br o a d v i e w Br o a d v i e w , M T Q4 2 0 1 0 10 0 % 30 0 M W 9, 3 0 0 a c r e s La n d le a s e c o m p l e t e Pr e l i m I n a r y No MI d C / C o b b On - l t e s u b s t a t I o n , a c c e s s t o 5 0 0 , 2 3 0 & 1 1 5 k V l i n e s N/ A In p r o g r e s s Fe a s i b i l i t y s t u d y c o m p l e t e - N e w a p p l i c a t i o n b e i n g s u b m i t t e d d u e t o b i f u r c a t I n g t o t a l M W In t o t w o s e p a r a t e P P A s . ## 4 8 On - o l n g On - o l n g 2 m e t t o w e r s ( 3 0 m ) - 9 m o n t h s . 1 o f f - é \ t e m e U o w . . r . 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IlII I --li(.(/ (1c u,.,. .. -I..- =- -Iu :io te...i~ -( :I Th o u s a n d S p r i n g s - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q3 2 0 0 9 10 0 % 12 M W 62 0 a c r e s Wi n d P a r k E a s e m e n t A g r e e m e n t s i g n e d 1 : 1 1 7 / 2 0 0 5 , E x t e n s i o n I n n e g o t i a t i o n s Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n w r G s e l e c t i o n No Id a h o P o w e r C o m p a n y 2 m i l e s t o n e w s u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e , w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o b e c o m p l e t e d 3 / 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . ## 1 1 7 Am e r i c a n G e o t e c h n l c s c o m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 12 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 ~ G 1 1 6 7 1. T F C P Z A I s s u e d a p e r m i t f o r t h e p r o j e c t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y D i s t r i c t I s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , 1 p r i m a r y t o w e r , 3 c o r r e l a t i n g t o w e r s 33 . 5 % ( l o s s e s o f 5 . 5 % , I n c l u d i n g 0 . 9 % f o r a r r a y ) ; 3 1 . 7 % ( N e t ) ( G E 1 . 5 x l e ) PP A w i t h I d a h o P o w e r C o m p a n y MA R A T H O N C A P I T A L , L L C If ¥ h i & ä t t , q ' \ ~ ? M # M ß ¡ ; * n U l i Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 4 6 Tu a n a G u l c h - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q3 2 0 0 9 10 0 % 10 . 5 M W 94 6 ac r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d w i t h D o u b l e t r e e F a r m , N e w e l l N e l s o n , & Fo r t u n e th o r o u g h b r e d Fa r m s , I n c ( R e v i s e d o n 4 / 2 9 / 2 0 0 8 ) Co m p l e t e . F i n a l s p a c i n g de p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 10 0 f e e t t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e , w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o b e co m p l e t e d 3 / 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . ## 1 1 7 Am e r i c a n G e o t e c h l c s c o m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 12 / 2 / 2 0 ( ) 5 r e p o r t . N o : 0 5 B - 1 1 6 7 1. T F C P Z A I s s u e d a pe r m i t f o r t h e p r o j e c t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y D i s t r i c t I s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5/ 1 2 / 0 5 4. T F C B N W C I s s u e d a l e t t e r r e c o m m e n d a ma n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , 1 p r i m a r y t o w e r , 3 c o r r e l a t l n g t o W e f $ 31 . 8 % (L o s e s of 7 . 5 % , I n c l u d i n g 3 . 0 % f ø r á r n . ) ¡ 2 9 . 4 % ( N e t ) ( G E 1 . 5 x l e ) PP A w i t h Id a h o Po w e r C o m p a n y MA R A T H O N C A P I T A L , L L C Pr o a n d C o n f i a l PA G E 4 7 "W ¥ P ä i - - - - - I Or e g o n T r a i l - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q3 2 0 0 9 10 0 % 13 . 5 M W 54 2 a c r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 : 1 1 7 / 2 0 0 5 w i t h B r u c e & G r e g o r y Br o w n , E x t e n s i o n I n n e g o t i a t i o n s ; W i n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 11 / 1 7 / 2 0 0 5 w i t h F o r t u n e T h o r o u g h b r e d F a r m s , I n c . ( R e v i s e d o n 4 / 2 9 / 2 0 0 8 ) Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 1 m i l e t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e , w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o b e c o m p l e t e d 3 / 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 1 7 Am e r i c a n G e o t e c h l c s c o m p l e t e d t h e s t u d y a n d p r o v i d e d r e c o m m e n d a t i o n I n t h e i r 12 / 2 / 2 0 0 5 r e p o r t . N o : 0 5 ~ 1 1 6 7 1. T F C P Z A l $ S u e d a p e r m i t f o r t h e p r o j e c t 2. I D F & G I s s u e d P e r m i t f o r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) 3. T w i n F a l l s H i g h w a y D i s t r i c t I s s u e d a l i s t o f r e q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I s s u e d a l e t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l b e c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , 1 p r i m a r y t o w e r , 3 c o r r e l a t i n g to w e r s 32 . 1 % ( L o s s e s o f 7 . 6 % , I n c l u d i n g 3 . 1 % f c : r a r r a y ) ; 2 9 . 6 % ( N e t ) ( G E 1 . 5 x l e ) PP A w i t h I d a h o P o w e r C o m p a n y MA R A T H O N C A P I T A L , L L C Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 4 8 i# k " ; ø . , i Pi l g r i m S t a g e S t a t i o n - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q3 2 0 0 9 10 0 % 10 . 5 M W 28 0 a c r e s Wi n d P a r k E a s e m e n t A g r e e m e n t w a s s i g n e d o n 1 1 / 1 7 / 2 0 0 5 w i t h R a n d a l l G a r y B e a n Co m p l e t e . F i n a i i i p a c l n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 4 m i l e s t o n e w S u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o be co m p l e t e d 3 / 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . ## 1 1 6 Pl l z a n d C o . c o m p l e t e d t h e e n v i r o n m e n t a l r e v i e w . A m e r i c a n G e o t e c h l c s c o m p l e t e d t h e gé o - t e c h i i t u d y a n d p r o v i d e d r e c o m m e n d a t i o n In th e i r 1 2 2 / 2 0 0 5 r e p o r t . N o : 0 5 B - G1 1 6 7 1. T F C P Z A I S I u e d a C U p e r m i t f o r t h e p r o j ê c t 2. I D F & G I S I u e d P e r m i t fo r t h e p r o j e c t o n 5 / 6 / 2 0 0 5 ( I m p a c t s t u d y I s r e q u e s t e d ) . 3. T w i n Fa i l S H i g h w a y D i s t r i c t I S I u e d a l i s t o f re q u i r e m e n t s t o b e m e t o n 5 / 1 2 / 0 5 4. T F C B N W C I S I u e d a le t t e r r e c o m m e n d a m a n a g e m e n t p r o g r a m o f n o x i o u s w e e k co n t r o l be c r e a t e d a n d I m p l e m e n t e d 4 Y e a r s , 1 p r i m a r y t o w e r , 3 co r r e l a t i n g t Ô W Ø 32 . 1 % ( L o S l e & o f 4 . B % , I n c k d l n g 0 . 2 % f ó r ã r n J y ) ; 3 0 . 5 % ( N e t ) ( G E 1 . 5 x l e ) PP A w i t h I d a h o Po w e r Co m p a n y MA R A T H O N C A P I T A L , L L C Pr o p I e t a n C o n f PA G E 4 9 i& E i i 8 L , , 1 i ¥ I Sa l m o n F a l l s - 1 0 Q F Tw i n F a l l s C o u n t y , 1 0 Q3 2 0 0 9 10 0 % 21 M W 80 0 ac r e s Wi n d P r o j e c t G r o u n d L e a s e w a s s i g n e d b y S a l m o n F a l l La n d & l i v e s t o c k C o . o n 8/ 2 4 / 2 0 0 7 Co m p l e t e . F l i i a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 10 m i l e s t o n e w s u b s t a t i o n a t 1 3 8 k V In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Fa c i l t y S t u d y t o b e c o m p l e t e d 3 / 2 3 / 2 0 0 9 . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 5 9 Pl l z & C o , L L C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l Im p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t s In p r o g r e s s , b u t h a v e n e g o t i a t e d C U P s f o r s i m i l a r p r o j e c t s I n t h e a r e a 2 y e a r s s , 5 0 m m e t t o w e r 35 . 2 % ( L o s s e s o f 7 . 7 % , I n c l u d i n g 3 . 2 % f o r a r r a y ) ; 3 2 . 5 % ( N e t ) ( G E 1 . 5 x l e ) PP A w i t h I d a h o P o w e r C o m p a n y ¡: . , ó M " Æ 2 2 1 £ I pr o p r i e t a r y a n d C o n f I d e n t I a l PA G E 5 0 MA R A T H O N C A P I T A L , L L C Mi l n e r D a m - 1 0 Q F Ca s s i a C o u n t y , 1 0 Q3 2 0 0 9 10 0 % 19 . 5 M W 2, 2 4 0 a c r e s Wl i i d P r o j e c t G r o u n d L e a s e w a s s i g n e d o n 4 / 3 0 / 2 0 0 7 w i t h Pic k e t t Ra n c h B e S h e e p C o . Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o Po w e r C o m p a n y 3 m i l e s t o M i l n e r s u b s t a t i o n ( M L N R ) In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n li n e s Av a i l a b l e w i t h s o m e u p g r a d e s Pr e l i m i n a r y F a c i l t y S t u d y R e p o r t h a s b e e n I s s u e d . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . #1 5 7 Pl l z B e C o , L L C c o m p l e t e d a ge n e r a l s t u d y o f e n \ l l r o n m e n t a l l m p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t s No t r e q u i r e d In C a s s i a C o u n t y 4 Y e a r s , 1 ( 5 0 m ) p r l m a r y t o w e r , 2 c o r r e l a t l n g t o W é l 37 . 3 % ( L o s 0 1 8 . 1 % , I n c l u d i n g 3 . 3 % f ô r i a r r a y ) ; 3 4 . 3 % ( N e t ) ( G E 1 . 5 J d e ) PP A w i t h Id a h o Po w e r C o m p a n y MA R A T H O N C A P I T A L , L L C h' M é l ß . , " " i Pr o p i e t a r a n d C o n f d e t l a l PA G E 5 1 Bu r l e y B u t t e - 1 0 Q F Ca s s i a . C o u n t y , 1 0 Q3 2 0 0 9 10 0 % 10 . 5 M W 56 0 ac r e s Wi n d P r o j e c t G r o u n d l e a s e w a s s i g n e d o n 9 / 4 / 2 0 0 7 w i t h Ja r o l l m e k F i n a n c i a l G r o u p , LL C . Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 5 M i l e s t o M i l n e r S u b s t a t i o n ( M L N R ) In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Fa c i l t y S t u d y I n p r o g r e s s . I n t e r c o n n e c t i o n a g r e e m e n t e x e c t u e d . #1 0 5 Pl l t & C o , l l C c o m p l e t e d a g e n e r a l s t u d y o f e n v i r o n m e n t a l Im p a c t f o r E i e r g y De v e l o p m e n t W i n d P r o j e c t s 1. C a s s i a C o u n t y P l a n n i n g & Z o n i n g C o m m i s s i o n I s s u e d p e r m i t f o r w i n d p r o j e c t 4 Y e a r s , 5 0 m m e t t o w e r 36 . 3 % ( L o s s e s o f 6 . 3 % , I n c l u d i n g 1 . 3 % f o r ar r a y ) : 3 4 . 0 % ( N e t ) ( G E 1 . 5 x l e ) PP A w i t h I d a h o P o w e r C o m p a n y ++ I Pr o p r i e t a r y a n d C o n f i d e n t i a l PA G E 5 2 MA R A T H O N C A P I T A L , L L C Go l d e n V a l l e y - 1 0 Q F Ca s s i a C o u n t y , 1 0 Q3 2 0 0 9 10 0 % 10 . 5 M W 1, 2 3 0 a c r e s Wi n d P r o j e c t G r o u n d L e a s e w a s s i g n e d o n 9 / 4 / 2 0 0 7 w i t h J a r o l l m e k F i n a n c i a l G r o u p , LL C . Co m p l e t e . F i n a l s p a c i n g d e p e n d e n t o n W T G s e l e c t i o n No Id a h o P o w e r C o m p a n y 1 m i l e to e x i s t i n g s u b s t a t i o n In t e r c o n n e c t i o n t o e x i s t i n g d i s t r i b u t i o n l i n e s Av a i l a b l e w i t h s o m e u p g r a d e s Pr e l i m i n a r y F a c i l t y S t u d y R e p o r t h a s b e e n I s s u e d . I n t e r c o n n e c t i o n a g r e e m e n t e x e c u t e d . ## 1 5 5 Pl l z & C o , L L C c o m p i e t e d a g e n e r a l s t u d y of e n v i r o n m e n t a l Im p a c t f o r E x e r g y De v e l o p m e n t W i n d P r o j e c t s 1. C a s s i a C o u n t y P l a n n i n g & Z o n i n g C o m m i s s i o n I s s u e d p e r m i t f o r w i n d p r o j e c t 4 Y e a r s , 1 ( 5 0 m ) pr i m a r y t o w e r , 1 c o r r e l a t i n g t o w e r 34 . 0 % ( L o s s e s o f 6 . 2 % , I n c l d i n g 1. 2 % f o r a r r a y ) ; 3 1 . 9 % ( N e t ) ( G E 1 . 5 x l e ) PP A w i t h Id a h o Po w e r Co m p a n y MA R A T H O N C A P I T A L , L L C iM f # k - W f k 4 M W W M i Pr o p r i e t a r y a n d Co n t l a l PA G E 5 3 PRODUCTION REQUEST NO.9 For each energy project that Exergy or XRG has developed (in Idaho or elsewhere), please list the following: a. Size (MW) b. Motive force (e.g. wind) c. Location d. Legal status (e.g. QF, Exempt wholesale generator, etc.) e. Pary(ies) purchasing electrc energy from the facilty f. Term ofPPA or other agreement to sell the output of the project g. Type of agreement (i.e., PPA (stadard or non~stadad), asset purchase & sale agreement (APSA), etc.) h. Transmission provider i. Naie and title of person executing on behalf of XRG XRG RESPONSE TO REQUEST NO.9 XRG objects to ths request as unduly burdensome, and on the ground that it calls for irrelevant material. XRG Responses to Rocky Mountain Power Firt Production Request 9 PRODUCTION REQUEST NO. 10 For each of the projects listed in the question above, please list the following (indicate date range if dates are approximate): a. Date of QF certification or self-certification b. Date of interconnection application c. Date of first contact with par purchasing the project output d. Date Exergy or XRG first requested an agreement to sell the output from the project e. Dates of negotiatioIl of the sales agreement f. Date of execution of the sales agreement g. Date of execution of the interconnection agreement h. Date of intial operation i. Date of commercial operation XRG RESPONSE TO REQUEST NO. 10 XRG objects to this request as unduly burdensome, and on the ground that it calls for irrelevant material. XRG Responses to Rocky Mountain Power First Production Request 10 r " PRODUCTION REQUEST NO. 11 For XRG-DP-7, XRG-DP-8, XRG-DP-9, and XRG-DP-10, LLCs, please provide a copy of each entity's Aricles of Incorporation (or Aricles of Organization), bylaws, quality control policies, delegations of signing authority, credit control policies, and any other document defining or describing the signg authority of Jaies Carkulis or Peter FUchardson, and any limitations thereto. XRG RESPONSE TO REQUEST NO. 11 The Arcles of Incorporation are attched. There are no written bylaws or other documents describing the requested policies. XRG Responss to Rocky Mountain Power Firt Production Request 11 251 ~/L.~0l!~ cr/~1! ARTICLES OF ORGANIZAnON LIMITED LIABIUTYCOMPANY 06 HOV -2 PM 12: ia (Instrons on back of application) 1. The name of th limite liabilit copany is: XRG - DPS, LLC SEeR=- TKHY OF STAlE STATE OF ID 2. Th stret adre of th inital reiste of is: 515 Nort 27th Strt, Bose, Idaho 83702 and th nam of th inital restre agnt at th abo address is: Molly O'Leary 3. Th mailing addre for future corrnden is: ,14241)e Avenue, Helena, Montna 5961 4. Manaement of th Umited liabilit company will be veste in: Managr(s) 0 or Member(s) 0 (pl Ch tt apri bo 5. If managèment is to be ves in onè or mo manager(s), list the name(s) and addrèss(es) of at feast on inlal manager. If manaement is to be Vèste in the membr(s), list th names) an addreees) of at least one inital meber. Na Jame T. carkulis Ad 1424 Doge Ave., Helea MT 5961 ne person reponsible for forming the limite liabftty copany:* ' se of St us on Ii p-- UA SEAR -= $TAl'11/82/2886 85180CK: 34 tTi 1859 II: 1l11 , 118... 1..18 II Ll . 3 \ASC(i.ß lU~U~ ~earch Results Page 1 ofl IDAHO SECRETARY OF STATE Search Results Search Result Summary ( New Search) Search Results 1 through 4 ( XRG-DPIO, LLC ... XRG-DP9, LLC ) XRG-DP10, LLC (View Details) Organizational ID I Filng number: WSS930 802 W BANNOCK 12TH FLOOR BOISE, ID 83702 XRG-DP7 t LLC (View Details) Organizational ID I Filing number: WSS927 802 W BANNOCK 12TH FLOOR BOISE, ID 83702 XRG"'DP8, LLC (View Details) Organizational ID I Filng number: WSS928 802 W BANNOCK, 12TH FLOOR BOISE, ID 83702 XRG-DP9, LLC (View Details) Organizational ID I Filing number: WSS929 802 W BANNOCK, 12TH FLOOR BOISE, ID 83702 Ben Ysursa, Secretary of State Filed 02 Nov 2006 LIMITED LIABILITY COMPANY EXISTING Filed 02 Nov 2006 LIMITED LIABILITY COMPANY EXISTING Filed 02 Nov 2006 LIMITED LIABILITY COMPANY EXISTING Filed 02 Nov 2006 LIMITED LIABILITY COMPANY EXISTING ~~de""¡i~'__""_";,,~,,_,--,,,,~_,~.__~_~_,_,~~,,,,~,,,,,__,~&_,,-,;,__."-_"'''.~;''~_''''''--''.'''_'',~''","",,,-,,,"_~~,,~,,._,,_~~,_._".a,_._~_"__..,__~._".~,..,.._.",c,__._,__....~~_~~~.. Idaho Secretary of State's Main Page Comments, questions or suggestions can be emailed to: sosinfo(êsos.idaho.gov State of Idaho Home Page htt://ww .accessidaho. orglpublicl sosl corpl search.html 1015/2010 í l ; 251 ARTICLES OF ORGANIZATION UNlITEDUASIUTYCOIfPANY 06NOV-2 PMl2: 19 .. (Instrns on back of application) 1. Th na of the limit liabilit copany is: XRG ~ DP10, LLC 2. Th st addres of th initil reist Ofce is: 515 Nor 27th Str Bose. Idaho 83702 SEChEJJ~~ft OF STATE STATE OF IDA and th name of the inital reistre agent at the above address is: Molly O'Leary 3. The rnaiUng addres fo futu condence is: 1424 Do Ave. He. Montna 591 4. Managent of th limit liabilit copany wil be veste in: Manager(s) 0 or Membes) 0 (pl ch th ap bo) 5. If manag is to be veste in on or mor manager(s), lit th na(s) and ad$s(es) of at leas one inial manager. If managemnt is to be vete in th member(s), list th narns) an adreees) of at ieast one inital member. Nam Ad Janes T. C8rkulis 1424 Doe Ave., Heena MT 59601 t s~ one person resnsible for forming the limited liability copany: Ii p-- Set8 of St us on Signatu TypedNa Cap Il SEETAR 8F STTE11/82/2886 851øøCIt: 34 CT: 119 1f: .11l1 . 118.88. 18.18 OR LL . 5 ~SSCt~D ¡. t" F/LEOEFi VE 251 ARTICLES OF ORGANIZA TION . UMITD UABILITY COMPANY 06 NO -2 PH 12: f8 SECRE1AHY OF STATE STATE OF IDA (Instrctons on back of application) 1. The name of the limitd liability company is: )eG.. OP, LLC 2. The stt address of the inial reisteed ofce is: 515 Nort 27th St Bose, Idaho 83702 and the narne of th initl registere agent at th above addre is: Molly O'Lear 3. Th mailing addres for fure coondence is: 1424 Do Aveè. Helen. Montna 5961 4. Management of th limit liablit company will be vest in: Manage(s) ø or Mernbet(s) 0 (pIas ch th ep bO 5. If managemnt Is to be ve in on or more rnanager(s), list the name(s) and addrees) of at least on inital manage. If management Is to be veste in the rnembt(s), list th name(s) andaddress(es) of at least one initial member. Nam Ad..' James T. C8rkis 1424 Doge Ave.; Helena MT 59601 Sinatu TypNa capacity: t overson responsib fo forming th limited liabilit copan: , . 11. -==~~I 11/82/2886 85. øe I l CK: 34 CT. ll5' II: lll '1 . I". If 1888 OR LtC . 2~ _Fo ~'2~ FiLEOEFFec 251 ARTICLES OF ORGANIZATION LIMITED LIABILITY COMPANY (Instrons on back of appliction) 1. The name of th limit liability copany is: XRG - DP9, LLC O£ NOV -2 PM 12: 19 SECREi/-J-W OF STATE STATE OF IDAHO 2. Th street address of th initial re.istered off is: 515 Nort 27th Stt, Boise, Idaho 83702 and th name of th initial registere agent at th abOve ackres is: Molly O'Leary 3. The mailing ackres tofute corrpondnce is: 1424 Doce Avenu, Helena, Montna 5961 4. Management of th limitd liabilit company will be vested in: Manager(s) ø or Membes) 0 (p dl th ll bo) 5. Ifrnment is to be vest in one or more rnanager(s), list th name($) and aclctes) of at least on inial managr. If managent is to be v8$te in th member(s), tist the name(s) and addre(es) of at least on initial member. Na Add.. Jams T. C8rkUs 1424 Doge Ave., Helea.MT 591 $t one persn respoible for formng th limltliabilty company: Ii 11__ Sinatute TypeNa capaCi: se of St us on , ßA SEAR IF stATE , J 1::2/2886 8S I.. 1 ,I 1- _CT: 1.9 II: 181_... 188". 0R u. I 4tA~L,\ PRODUCTION REQUEST NO. 12 Citing the relevant document (and page number) provided iii respoiise to Request 11, where possible, please describe the internal approval process Exergy or XRG undertes before sending a letter to Rocky Mountain Power binding each XRG project to sell its output for twenty-years. XRG RESPONSE TO REQUEST NO. 12 See the Response to Request No. 11. James Carkulis has the sole exclusive authority to bindXRG. XRG Responses to Rocky Mountain Power First Production Request 12 PRODUCTION REQUEST NO. 13 Please explain whether and how James Carkulis or Peter Richardson had authority to bind each XRO project to sell its output for twenty-years, prior to March 15,2010. Please provide any documentation of such authorization. XRG RESPONSE TO REQUEST NO. 13 See the Response to Request 12. XRG Responses to Rocky Mountain Power First Production Request 13 PRODUCTION REQUEST NO. 14 Refer to ~8 ofXRG's Complaint. Please identify the specific interconnection and transmission issues that XRG understads were raised by Rocky Mountan Power. Please explain how XRG believes such issues could be surounted. Provide any documents upon which XRG bases its beliefs. XRG RESPONSE TO REQUEST NO. 14 From Febru 25,2009, though the date XRG filed its complait, Rocky Mountain Power, though Bruce Grswold, raised the interconnection and transmission issues, and relied on perceived lack of transmission availabilty to reject XRG's offer to sell the output of the 4 QFs to PacifiCorp for delivery at the Borah or Brady substations. Refer RMP Exhibit A..8 (Grswold 2/25/09 email); RMP Exhibit A~10 (Griswold 3/23/09 email); Exhbit A-15 (Grswold 5/11/09 email); Exhbit A-19 (Grswold 10/2/09 email); Mr. Griswold's consistent position was that there was insufcient transmission capacity to integrate more than 23 MW at the Brady substation, and he therefore required XRG to choose only one QF for which it could negotiate a PP A. He took the position that a perceived lack of transmission relieves a utilty of its obligation to negotiate a PP A with a QF. Notably, Mr. Grswold's 10/2/09 email misread Water Power Co. v. PaeifCorp, 781 P.2d 860 (1989), to support his position when the case actually stands for the proposition that a PURP A PP A can be made contingent upon abilty to obtain a wheeling agreement. Indeed, in that case, the cour held that the unesolved wheeling issue at the time of a change in the published avoided cost rates was not an adequate ground upon which to deprive the QF of its right to a PPA at rates in effect prior to the rate change. XRG did not believe there was a transmission problem because it had independent information tht the transmission in the area would soon be upgraded, and because PacifiCorp transmission personnel stated on a phone call with Mr. Carkulis and Mr. Grswold on November 10, 2009 that transmission would be available if the online date occured in June 2011. Exergy's conclusion regarding transmission has proven correct, and even Bruce Grswold now admts transmission is available for an online date of June 2011. (Refer RMP's 9/13/10 letter from Griswold admitting a 6/11 date presents no problems.) XRG Responses to Rocky Mountain Power Firt Production Request 14 PRODUCTION REQUEST NO. 15 Refer to il8 ofXRG's Complaint. Please identify the specific expenses XRG and/or Exergy have incured related to the XRG projects. XRG RESPONSE TO REQUEST NO. 15 Engineering costs, staff costs, interconnection costs wind measuring costs. XRG Responses to Rocky Mountain Power First Production Request 15 PRODUCTION REQUEST NO. 16 Refer to ~11 ofXRG's Complait. Please identify the specific language XRG relies upon when it asserts that it obligated itself to enter into four draf PP As for the XRG projects. XRG RESPONSE TO REQUEST NO. 16 XRO initially attempted to obligate itself with Mr. FUchardson's Janua 21,2009 letters regarding the XRG projects. Reference RM Exhbits A-4, A-5, A..6, and A-6. After Rocky Mountai Power refused to process all four requests as described above, XRG continued to request PPAs for all 4 projects. XRG again attempted to obligate itself to 4 stadard offer PP As with Mr. Carkuis' March 11,2010 email (RMP Exhbit A-23) and Mr. Richadson's March 12, 2010 letter (RM Exhibit A-24). XRG Responses to Rocky Mountain Power Firt Production Request 16 PRODUCTION REQUEST NO.1 7. When and how did XRG first inform Rocky Mountain Power that it wanted the XRG projects' online date to be June 2011? XRG RESPONSE TO REQUEST NO.1 7 XRG clearly expressed intent to move the online date to June 2011 in Mr. Carkulis' 3/11/10 email (RMP Exhibit A-23) and Mr. Richardson's 3/12/10 (RMP Exhibit A-24). XRG would have expressed interest in delaying the online date earlier if Rocky Mountain Power had negotiated in good faith by indicating sooner that transmission would not be a problem if XRG moved the online dates from those XRG initially proposed to June 2011. XRG Responses to Rocky Mountain Power First Production Request 17 PRODUCTION REQUEST NO. 18 Refer to ir 16 ofXRG's Complait. Please identify the specific language XRG relies upon when it assert tht it committed itself to sell energy and capacity from the XRG projects to Rocky Mountan Power prior to March 12,2010. XRG RESPONSE TO REQUEST NO. 18 Please see the response to Request No. 16. XRG Responses to Rocky Mountain Power First Production Request 18 PRODUCTION REQUEST NO. 19 Given that there was no wrtten contract to sell energy and capacity from the XRG projects prior to March 12,2010, what conditions, if any, apply to the obligation XRG asserts it made on or before March 12, 201O? Was XRG's March 12,2010 expression of obligation contingent on any of the following? a. PacifiCorp Transmission confirming that it has available capacity to accept all output from the XRG projects without major system upgrades; b. PacifiCorp Transmission's ability to complete any system upgrades necessar to accept all output from the XRG projects in time for XRG to achieve the Scheduled Commercial Operation Date; c. XRG's abilty to procure turbines and substation equipment in time to achieve the Scheduled Commercial Operation Date; d. the amount of Delay Securty required upon execution of the PP A; e. the amount of daily Delay Liquidated Damages in the PP A; f. the cure period for any delay-related default; g. PacifiCorp's ability to obtain Network Transmission Service for the Net Output from the XRG projects; h. PacifiCorp's right to curail Net Output when necessar, to the extent Network Transmission service for Net Output is not available; i. XRG projects' eligibility for United States Deparent of Energy Grants under H.R. 1; Div. B, §§. 1104, 1603 (The American Recovery and Reinvestment Act of 2009). XRG RESPONSE TO REQUEST NO. 19 XRG expected the PP As it would obligate itself would mirror the PP A provided by Rocky Mountan Power on May 11, 2009 (RMP Exhibit A-15). Rocky Mountain Power has admitted in its Answer, ~ 9, in this case that the May 2009 PPA "would be a template for the non-price terms and conditions ofPPAs from the three remaining qualifying facilities proposed by XRG." XRG Responses to Rocky Mountain Power First Production Request 19 PRODUCTION REQUEST NO. 20 Below are some negotiable terms of a PP A that Rocky Mountan Power considers to be material. For each term on the list, please identify the language that XRG asserts is the correct term of the legally enforceable obligation it alleges it created prior to March 15,2010. For each term, please also indicate the fist date such term was communcated by XRG to Rocky Mountain Power. For each term, please also indicate the first date such term was accepted by Rocky Mountain Power. a. Commercial Operation Date b. Form and amount of Delay Securty c. Amount of Delay Liquidated Daiages d. allocation of costs and responsibility for forecasting net output from the XRG projects e. method of allocating energy delivered at the Point of Delivery among the four separate XRG projects f. method of allocating station service usage by the XRG projects among the four separate XRG projects XRG RESPONSE TO REQUEST NO. 20 Please refer to response to Request No. 17 for item (a). Please see the response to Request No. 19 for items (b) and (c). To the extent that item (d) has not already been answered, XRG submits that ths term is well settled by Idaho PUC orders, and required no negotiation because XRG requested stadard offer PPAs. To the extent that items (e) and (f) are not answered by prior responses or ¡PUC orders, XRG submits that the requested information is non-controversial project information which is not an essential element of a PP A necessar for XRG to provide in order to create a binding offer to obligate itself to sell the output of its 4 QFs. XRG Responses to Rocky Mountain Power First Production Request 20 PRODUCTION REQUEST NO. 21 For each item below, please also indicate the first date such was provided by XRG to Rocky Mountain Power. a. Project completion schedule b. Motive Force Plan c. Proof of ownership of real propert rights sufcient to develop the XRG projects d. Proof of rights to: (1) interconnect to BPA; and (2) deliver net output across BPA transmission to the Point of Delivery. XRG RESPONSE TO REQUEST NO. 21 a. Please refer to response to Request No. 17 for item (a). b. XRG included motive force plans in 12X24 diagrams in Mr. Richardson's Janua 2009 letters. Reference RMP Exhbits A-4, A-5, A-6, and A-6. c. XRG objects to this request on the ground that proof of real propert rights is not a precondition to obtaning a PUR A PP A. Without waiving the objection, XRG states that XRG did not provide Rocky Mountan Power with proof of ownership of the real propert rights sufficient to develop the XRG projects because Rocky Mountain Power never requested such proof of ownership and refused to negotiate. XRG described the location with land descriptions and maps in Mr. FUchardson's Januar 2009 letters Reference RMP Exhibits A-4, A-5, A..6, and A-6. XRG also provided proof of land ownership to establish site control for interconnect to BPA. d. XRG objects to ths request on the ground tht Proof of rights to: (1) interconnect to BP A; and (2) deliver net output across BP A transmission to the Point of Delivery is not a prerequisite to obtaining a PURPA PPA. Without waiving the objection, XRG states that XRG did not provide Rocky Mountai Power with such proof transmission rights because Rocky Mountai Power never requested such proof and refused to negotiate. XRG Responses to Rocky Mountain Power First Production Request 21 PRODUCTION REQUEST NO. 22 IfXRG and Rocky Mountan Power never had a meeting of the minds on the terms, above, prior to March 15, 2010, how should the tenns, above, be established for a pre-March 15,2010 legally enforceable obligation? XRG RESPONSE TO REQUEST NO. 22 Please see the responses to Request Nos. 17, 19,20. In light of Rocky Mountain Power's bad faith failure to negotiate, XRG aSserts that the project terms that are not contained in the draf PP A sent by Rocky Mountan Power on May 11, 2009, and are uncertn to Rocky Mountan Power for its failure to negotiate, such as items (e) and (f) in Request No. 20, are non-controversial, and can be provided at ths time. XRG Responses to Rocky Mountain Power Firt Production Request 22 PRODUCTION REQUEST NO. 23 Has XRO or Exergy contemplated, negotiated, and/or proposed to sell to any entity other than Rocky Mountai Power (1) output from generation project(s) at the site of the XRG projects or (2) development rights, including real property lease(s) and/or fully built project(s), at the site of the XRG projects? For each such project that XRO has contemplated, negotiated, and/or proposed, please list the following: a. Contemplated purchasing entity b. Dates and natues of communcations, if any, with contemplated purchasing entity c. Intern communications ofXRG contemplating such negotiation with purchasing entity d. Basis for submitted proposal, if any (e.g. request for proposal, unsolicited, etc.) e. Size(MW) f. Location g. Legal status (e.g. QF, Exempt wholesale generator, etc.) h. Term of PP A or other agreement for the sale of project output i. Typ of agreement (i.e., PPA (stadar or non-standad), asset purchase & sale ageement (APSA), etc.) j. Transmission provider k. Name and title of person executing on behalf ofXRG XRG RESPONSE TO REQUEST NO. 23 XRO objects to this request as unduly burdensome, and on the ground that it calls for irrelevant material. Without waiving its objections, XRG states as follows: XRG Responses to Rocky Mountain Power First Production Request 23 PRODUCTION REQUEST NO. 24 On March 15,2010, did XRG control all of the propert rights necessar to constrct and operate the XRG projects for twenty years, including propert rights to constrct and operate all required interconnection facilties, constrtion access rights, and ongoing wind leases? Please provide documentation of such propert rights. XRG RESPONSE TO REQUEST NO. 24 See the attached land lease agreements and extensions. XRG Responses to Rocky Mountain Power Firt Production Request 24 "PAM' 'MlMi'M l"Hl WI PARlEME AM (t .~") is .. ir as . Mí14, 2O1 lh '1.... Da ll 8f ..l, ee J.R. Si ~ ("le) aN ~, LtC, aR.~ 1M1__ ~ ("l...~ les an les.. smmBiIS ll re tø . .. ...: Æ.AlS A. L.. _ ce re .~ Ie iA CaCe, if il St øl ~ an rt ~~ it &M A aI tw (i "P,Irt 8. Lesee de to.te Ii Pr il er fa Les te Efl.. iR. ÐW, aN q; wi. en gera SJems (al ~,tø as "w Mb.) GfIiPm. c. Le dees. te to les th Pr ÐR1M. __ aA ØÐ cø ... D. Le ses te ~ wi.- to RoMe Pø an ls Cl .. ae neliat tose Uf te ~ ~ (2 MW) ølwR.. tÐRo ~ Pø. Les~, an twnspe .. th Lesee's øb ~ ar 09.YJ Le's su ~ of,.rsa ~a) ('AEan wi Ro Me Poor0D ~ fMaser aM th ~ Ufth na øl sa pe.. ~ lI M ~, lG in le fi æ JM of wi tu anor ma Ã&ve te iM.1s wi U' in ~ (y a¡M . ye. w:, l'REFOR, fe a va ~ Ii ~ aÆ ~ ofwh ar he. ~f Les an Les lt.. as fo: MØMENT 1. ~ Le Re le leie Le 8I ~ su to th l8 aø~ he, .. th us Md ~. øf li wi re ev, wi eA ~ ... eæ.. sy, em lr an rela wi en~ .ti, as~. iA Ie 3.1 lt, €i) ~ 00, ev, uM anacii ~øf~1A fe~.ø ~ and refads _ fer ea ef mo ~ Øf ~ fa. as ~. if Se S.2, al" .. ar eg to an ff th ~, as tt inSe 3.3f:. 14247v - LEASE A~ XRG-DP8.de .....1. .. ."'.d. .'s..t as øi .... in tt l... It is ~.. ......t....h8 iI ti Pt,., _ hi les... ..1'. .......er.. __ et th Pr.....1s ~_ th ~fÐwfles. ~te.. ..~. 2. T!J 2.1 Je. Th le fA th.. lh ----. ..... C! th~ Da ansM eÐfe.. (3,. fN.,'..~ øf~ ~ lh."C 0,-'" Da en" lM _ ef sw..',.~-~.--.. ...lh.~ Da"). AsüH.., thle"~ ~. sh.. ..Ir~ an saøJwi.. or en et t. Les er Is ~ er..MS en th Pr or aR pohw. .EK,a ma. a ~ Me fA Wi leas Agse fQ .. e*3 .~ Da d tl Ter In th ev les fa toCO.... Coei 0p of tl iA. ca se by Les in 8\ PP"'s) wI thee (3) ye af il Eff Da. les ma te thAg. tt ~ Le AØ ptt Ð Se 10.3.. 3. PeQ!Us of" Pg. 1' ri ~ ab sh pe_lesse to us th ~ fo th fø ll. an fl ot: 3.1 $a'." E.. ME ~ lJ ag PY. DUf thTer les.. ..il... ii te eæ in. cø, ~. ma. re ii ..,wi ~ ~ sy Of th Pr. if th us ofwi th ,a ove." ~. as Le de in it so Elsa fo tM lM ~ ~ by les in th PP"'s). Wi ii th gera øf tl~. th se 3.1 Sh.~ tl inta. CÐ, mana anop of ai ar al ~ ar ~ ne or usef for th ge of wi eA- ~, li, IJ no li te. wind Ub.~ wi. ~ wi, ~ lF. eA .. fac.~~.,.gefa tø l\~ in ~wi. wi a.iAll. ... an, ~,lO _ wi~ ~ C&~, st'faties, ~ ya. anFe'" Mè ~ bt.slJl in Il~. ~ or~&f.,.le er ~t ~ slR. Le sNdclte th si, ty. an mauf of su wi. en genenRien syte jn it S$ ~, Ðu les sWØ&.., f) er ~ an wi tl, unot agte by fM Pad, .. OM Th FIY.~ fe (150) øf .. ~ re as st resiil'" at.. ti.th ~ aA~ øf th wi", ~'less Pf wr ÐÐed. tn ad, Lesee mayee wc te aA.~ ~ wi Sf te ar soan~~, as les El Aeor~ in ~wi. is~of a wi er §lrasysm on th~. l. Lesswr re. les sh ~ les wi be nt ~ wi My undòaa d aA" an...ir~ by Les ~ to lhprecse. 3. l.1 Lpss .8W lt UlII .p~. It is Uf, li, th les sh re at ri le.. iA aR GJ ad... 4o.. ~.. les"s He ellt,~ fø wi ~ sy. Ftl. Les sã fi 24247v - LEAS AGRNT :uDP._ .. ri l&ln:it.ØW wi.. ....it&_.. lI ~ if eMIlSS øf li ~ ~ byte- ._PPA(sl asse DI,ìl SIi'l.U. 3.2 Sgef T,.illi¥ljl ¡¡"' Leis...... 8 fØ... fileer ... ~ ...~ f'. Olra.... li~ .. øv..d ...lIlt lA ll ... ca'" ie _illas fe th ..is.. ~ .dF.. _ ~... tiøn orIR MSla an ~ài .. _1*., .iIsl fI wh Les anoI ln .~ tø a ~ ~ .,.er th~ s, f! an ~ of el... au tei..... ~Åat .. øf wa 00."'ar8e ..~. Tl ri øf lJ ...~.. reiA éc øn SG to as le CGiu lø ~ suelct en ool..s ~. 3.3 Sa tf At.l. an P1. l.. sh.ha a ~.. of ac. in an eg tø an fr th ~ an an fa an eq~ in lh ev aM ac the Pr by me d ~ ro or øt aA by SU ro . roes as Le ma CØ fr ti tø ti. Thro or ro wi De apxi fo (14) fe in wi. Le spHyaç~ hi aM ro AG up th Pr aA tf ro to be 00as a peet th... ~ fa may De us by Le. Les wi 00wih Lesso ir ll siing of ne .. ØI L8Ss Pf. an les wi ha fi£9. ~ efll pr re. wh ap $h nÐ be ~ wi.les ma oota... lMlo en th Pr or ~ in ot ~ ae. St li sh'ha th ri d wa en al ro aÆ Les ats tø,. ~fÐ an ~ Id by it em, oo an Sltf. 3.4 War of Mnrz ..... Le may io wi eA~ s)f or rela EM ~ at an Iø up h Pr. ~ at QT ne th p~ li WA th te an 00 he. Les in go' fa sl CO SA ~ wi Les on pl of wi en ~ 8f af àl re ~ te clle if an ~ ma oc QlCU ~or gr øp CO 8f'sha us at oore ef te iø Wi. ~ re sy as lÐ mi imtless at ~ _ th~. Less GO ef fi ~ of wieset ~ sy QT re fad $h no 1M ~ wld. F~. iA lh'EM tht hlo ef af po. of ar wi.. ~sy 6I rd fall or ~ to lM in er ~ on lÅ Pr or.. or Ma ~ li isli øt retr by aw ,. ~ orre or f! Ja. fU or ~ .., ~ ag. Les sh cø wi an as Les iR e1 wa er VØ fm su~ aM sh ~ al El ~ Lesor's ag te"'e~,øisur~. 3.5 Own_sbÍlni lMluf Pm. Al ~ instlled en IlPr l9Les. is ~ oras, wh ie. ~ or~. sh re th~ of le an _Hhe ref by les at an, ti. ~ to se 8.3l!. 4. Pp tel.us. 4.1 Pš Du .fD te ~ øf CaQp. 34247v - L!A AGRE~tI XRG-Ðn.El Bé1I OR th El l).an.CO .... Ce ~ Da,les sl ,. te les af an fee ef On ~ Fl .ll De ($1,~ St, fe te me lI _ er Woe Jt 11t ef ea St ye, ~ii 297. 4.2 .'sr. .lW t. CØete ~ ef ea.wi~,les sh pa le L.. . OR ti fe .. FE Th Dø ($i,~ ,. lí ÐfiAstllld ca . I.s la (" Re St-u;. Af th ~~ Da Can ~ as ~in Se 4.2a) OR or af ea Ja1st.. øe .. th "-n of lt ter le sh ~ to les th amOn T~ Fiv ~ Do ($1,50 f) li of instliuJ ~ fø th li ye an Twø ~ Dø (U.OG,.lM d iisl€l ~ fe ea~ ye (" Re .1* ye, pr" (~af les tetà ~. Les sh'l' L. a,. la Re pa pr fo th ,.ye Mlef" ~ da an" rixt fo Janu 1 st, Eb) no ia'lhon (1) me fong" Cøci Op Date, les sh pa Les apa la. Re f.~ prte fo th pa ye ætw là CORI0p Da an il 'Ae fo Jan 1st. lf ea year folll~. Op Da, th lan Re sh be paidqua. kl th eveR lÃt les Mt an el suta on th Pri1, les shl* to Lesso aA~,On ~.0G ($1,00.00) pe year, as an for suta re, pes~ ("~oo Ren). For ea st, It fi re pa sh Be du at th ir of ~ ef sa st an OR or bee Ja 10f fo ea~ ye ~ ~ ll re Ter of" Ap lr ll.flEW th Lesee sh ~ a tr (S9kVor 18) li or li ae SA po ef leSSs pr~ .~ to se 3.2 ab, Le sha in ad payles ~ ri-øwa rent aona, ca at On 1' Dc ($1,00.00) per leas ac, wi SC le ac cate by muly ..life ef lris IM Q'tN acøs less la described on ~ A aI li by a ~-wy wi €I fi (5( fee su .pr to th be di. by 43,5S SE fe ("~ I.Ren. For ea ir n§t-G-w, th ht re.~ st. M at li in of l: c: sari-o-w an an orbeJa 1Ifeea ~ yer~ ~ th r~ Ter ef th ~ The L. ft, Swta ReM an Trans Lin ReA ar oa referred te as "Mm Ren. 4.3 BMPat If dl th Tem of th Agt, th .RoPer (EI ~ of Gr Rev (de øelo. ff lf wi ~ S)em IG en il Pr dt any Eâ ye exo thMi Re ~ to st ca ye, L. sh PHSuc &xæs t8 Lesas ,~1' lñse aE. re ~ ar" aR pa'" sl*' ~~ føh em of ea ca yer. 4.4 Ddrl ei"Rwtt~" an "G_ BeYØ". "T te"RG~" .. - an.. he (l, (2.5%) in ye 1 ~.. ef~,~, tt aR ~ pe (3.5%) in ye i ~ 10 ofCe~, fe aÆ oi pe (4.S%Jin ye 11 ~ 15 of ~ Qlti, af. fi. aM ønha pet (5.5%) in ye 18 an in ea ~. ye tt li te of il Ageent Th te "G ~" ..1M: 8A as re ad Fe 19 lesfr 1)lh sa of ~ ~ fI th wi ge fa to ~ 44247v - LEAE AG~ME XlG-DP._ an Fe~.ef .. .cliM tI iAt er la fe .,.Il 2)lh sa ef an ~ be" Of"" ta~ wi..~. øf wi en; aM 3)'" ,... of IM ~ .. ÐIÎI er wate. er ... te.. øttN ~ is.ma ~ to~l... fe le Ðr àe ~.. lI ~ er" øf ølfF th Wi ~ ,..1... .~ ..~, "G Rev- .. RO iR th fø 1) an .... in. _ er ll re fran eth se; 2) l\ iefr de li SA ~ ~ anan if ea on SlMJ 3) am re ff a ~ er qt~ li er ~ as a ~ su er cr in ~ wior~ ow." ~ Ðr~ efwi ~fa; 4) pa. iø (i.e.. elet ef us t& pø wi lt ~. Ðl .,.Ðlinveme, ør Ïf ~,Wi les's ep on th ~ 5l sat clel. en fo wh pa is de ør ha AØ be reeE~ng, 'i ii. dU to a èe by th .pt lh. exce l' pa lISe 4.3 $h la pa an an Elye ~ wh su ~ ar ad re; Sl ~ rec fF th sa, leH or ol dis of an wi tune ge or fl th sa, le ør ot di of an of Les's ot ~ts, tr fi or dlel. or aA in thern; 7) any ren, inta payme ør It su pa reed ll Les in exchqe fo lesee'. as, ~ or 'Gl trfer al or an iAt of Le in th Lea; 8) sa of el en gen from wi tu generaor no lote on tl Prop;or lJ ta ~ re By Les, ~. wl ii, pr tax ae. 4.4.1 Les wi rwøv tG Les a ~lai of b anua ~ ofee en ~ enlÅ ~. ~ CO of th stem reve ff tk,~as eX h el. wi si (6. days fo ll en of ea ca ye tø en eo Ytli Les'S pa oÐ. Lesor agees th. su stats ar ll pr of Les aA th Les stl kee such recds co.am, sh oo'" su reCÐ to 8W th pa wf Les's prwm CO. 4.5. Nu å WN Tt C! li Pg. Th Par he f"&00 ag th 1t ~ ~ fo in St 4.2 am 4.3 we ~ witl Øn aÆum~ th les wi if an op wjoo lt wi aAinta ~of l"we (20 Wi on th Pr. ThPaF fw re anG agre th ti fi iF ~ ~ be mo or te lh 20 tr. Th Par de fe les to ft ll _th wi po. on th Pr to 20 tM is Ji on te ti exl &t it is al to se a PPA(sl fr Ro Mo PÐWr or otr ~pi. If l8S iH1& fe ~ et caci lh. ar ca. foin th "A's). th Les wi pa le Mi RM in an ~ ca as if itha ~ I1 RI 8f sf ~ ca fo in ll P'A(s). (SuAhl8 ch fÐJ 54247v ~ LEASE AG~ BG-PI.dø 4.8 Su Qw Ðf Pa ~4.1 Pa Pr te $1 ,!t ~wfla~C!E..,0.awCø__Ei Ul~~of~-Se 4.2 la Re $4 .fX iA OnTi Fee(StUÐ~, .- "la R'4 $1,5f in ----(Åf ~fo fi Ce d year CÐ$2,OO rnal Op;I&Ífcaeveryyearquaaffivea~Re $1 ,OOsubat AnI af intitin ofCOtrT I'Lin $1 ,OOe ac ANI af Rent fe trio inn ofli~Mi Ren =ARI afLaReAAue,Conc of~Rent,&CemlTraLi~or Ren iIat of~Se4.3 Rø Pay If Roylt AMt afPerctaofCÐmetofGrRevnuesColexcesth~Mi Ref8e4.2.)ap to sucaye,Les shll paysuexc10Leseasac.ren 5. Les Cp. Les~, rees af want to Les as fo as CR lA Eff Da: 5.1 Çe wi La. Le sha at al ti ~ ii at ma1re~ wi âI va la, OHna, R:. re af slàJes of afgøAt a§ .,icæ tø les's ~ en an use øf h Prri. 5.2 Pp of Taw an Ql et. les shal. re fe amy in in real ~ taxes le. ag lh PfÐ ~ to le's 64247v - LEASE AæBEM XRG-DP.cl NtIJ.~ _tM '~ ØWIl. or"" th COef. L...wt........-- iA... wi .... sy I!trtSilliÐl" .~fa. aA ei.. at~ ow bfl... le 00'" .Pr. les" ar pa th reaA.. llta ~,., th iAshIIIOf." wi.... les wi aIla wl ..... fG ps, wa. ei 8M et Yt...,.le_Il~. 5.3 !:. Les sM icee L..s ifÌR th p~ fr an dear d ai le an'" efli ft la an se ~. OR. 'aN ma,St and ~eA ~ tø th Pr in ce wi Les's l! of thP~. 5.4 l!Vf $l~. les sh RO vi, an sh inLes ap an vi I¡ Le of, an le. st, om, Ðl, .. ÐI ~ re, to il ge. ma. st. YS, relas or thatre tI. ~ or pr of an su wh is defne as a"l su", "deot suan", "ls ma. iæc suêta","so wa" ør ..~ walè" in an ap fe, st or lo la, stae or Ðl Of or tJ th Pro. Th se is no in to ~ to 1h leaA ap ~ of su to mite or oo we pu tÐ Se 5~~. 5.5 ~ Le.sh. in, de ~ co se tø Les)anho h.m Less me, part, moag,øf, emye an agent (ea., an "Le in Pa) agait an an ai io, da, cl, e~se an ot.ii re fr or aris ow of,ei wl or in pa. (r) an ~ of Le en tl Pr. (ii) an net ac or ne fai to ac QI th pa of Les or anyo el en~ in doiwo fo les, or (ii~ an Ðr of th Ag by Lesee. Th in.sl su th te of" Agee This ~ shaU fl aJ to to. ~s, clir, e~ anè Ðl ia æued SÐ by an gr ~... de ad ør Ðm ÐA th pa EJ any Le lAå Pa. 5.e ln. Les.. toii li inur ce itads on th ~ af.to na Les as an ~ inred. SU ~slll Æw a mi co ~ _ 8l11i of Ten Mi D0 ($1tl,QO,90) ~ th sud am ma be pn as pa d ablet po co 01 ~s. les ag Ie ~les wf su cees andGl ~. ir as Les I1 ~ reue 5.7 Da. to lesor, lAsts. In tl ev th Les's, is CÐ',er ~' aeMt Gf th Pr pu to th ~ cas dae to an of Less liv, gr ~, far or gr ~ on th Pr~l Le... te pa lo les aA afun 8(ua Ie al of Less ou-o- poet le du 10 such da te Sl. li §f' Cf. fSl or gig~ Wh shli af am ec to th .Fe'1l les we ha re eA tà Ðl maet fo sa da Ci orli ~ th §1. or~ se du wh. el or iv we da or~. Pay sh be IT Ðy Lesse wi I1 (., day af ~ ff Les. 7427v - IiE AGl XRG-.de 5.1 wø l.. sh PI fi ør pelo he æm1i an wate,st'.. tou...th ~.le.... fÆ~ 1I,...~..tel1~anLe..I...~..Il~ØA th ~ in gø~ anl' an sl ma I. Il ~ in a dean~ ..it. 5.8 ... Les .111. te CO wi.les to~~ ~ we ...latl9me OR .. Pr in tl W: of wi ~ sy aÆ tG sd Be" oø fo su me. 5.1& FØA. ti. Les, it ag, ef, an iw $h "~ to op' an cl .. gat ac l.i fJ, al te re bo th fe an pte fr aA da ea 'll thei opng and c1 Gf th ga in th co Gf pi ac to th Fr. Les will be lespil fo an pesleft ~ an fe .. ti Sf øy Les pi IM th stay frøm Lesspr~ as a re øf les's oris ag wemye leav a ga opn. 5.11 Proi ~. Le ma tae inve tø ffim~ to aG. or øl fl wi en geti sy on Lesspr by ne mo to. th Ag agab to bo ll Pars. 5.12. Ne ~. Les sh no iner wi Less us of th~. Th Pa sW. ha th ri to re an stJ in by th øt pa by any ~e me an th cø th sh be im reimbed toth ~~. Sp. les sM no pl aw wi en ge~fas in su. a ii as to .~ th noal øpat of les t' andra op i~ pt an if sl. 6. les ~. les co,rets an wa to les as fo as ef li Effdie Date: 6.1 Løws Aw. le is tñ se ew Ðf llPr. les hath f. aM. UA~.li an ~ to øe and dever th Ag. 6.2 Li ai Jep. les ha at Mr as .Ex C a li Gf exøpIs te_ ~ii a pria ti Rl c.tedMa 6. 'J7 isst: f¡la. Ti & ESC, In øf Bt, id sa präm ti rep CGeF re ~ 0W 8$ a .. ll Le in Ca Co. Idaho. Gf wh, ll PF0 is apo.As an ~ to Le aM to tl et lied IlaÐ oore bles, Lessa is ie fo (4) sepa, Wà 8$ l1 are su øt tl wl pa ee.by salt ~. ~,it Ispe hi so d ii eJlæp le ti ht Ì' Ex C de no deeh .~.~ tø th føoilm. ll are no 1i. ens, le. ~, Ðe d lf, ff iA, mior oil an gas Fiht, er ot~tø lesses fe l. 0' ef il Pr e~ as Sfle Ìl .Ðl C at i'. les rePf an.Wå th the are nø te OR th Pr ei~ as ,Sl as in Ei C. Les ~ Iit" .le.~to Les ~ is su le th matt li on EmN ç as th r: af .. Pr. les ~ an ag tl. èU th Tem, it .. not pe or lF.ten riif th ~ to.. er ør peon ØAes. an UAli les.. an $t te hE ~..ag ~ ~ les 84141v. LEAS AGUÐdNT XRG-OPt.do suiaI sø~t&.. ~"'er~ les.fR,~by th le øl Leee'. us Gf th Paer lh -SUdi Ac..eM'") ~, ....ev.... er Ql pi hG. co to I! an fo øf le.. th ~.. li Ter wi hø pr exe a~'ia Al, le.... les wI .. ("t da of pnkA ef su le. aø... t. an su te .. eK~ .. lI .,.le.wi ti (15' da øf st preseu...n &y les. 8.3 Nø~. As lq.. n& -Eve ef De' Eas li te is de if Se lÐe) ea Øy les ha Ðe SA, is ~. les .. .ftth.. us aA ~ fA th Pr aN aU wi fl pa ÐV" Pr if ~ wi th te øf th Ag wü afY su tr or inrfof an kin by les er an pa ~ thlesso. Les may lI th ~ for ~, rec, or ol Ðe pu as desc inSe 3.1.1, ~. oi an ga ~ti an ext or an otr mileXf or ex (se SE 8.3.1. be, fo ad' lí on'tnlJ). Les WI' not o0se us th Pr fo an use or tae any olr act wñ ir wi or is ~ wl Les's li of th Prop as peltedby th ~ or wh in an wa Ines wi lhe wi fl ac tl Pro.les .. no gr an lk. le ør ol fiht v. re to l- Pr wbGE in wi lee's ope. ~Il forel, lesor reta th riat it SÐ ~ to ce ør lo wi ge syem or olersi ~ øn li Pm. Th Par sha ha th ri to re any suiR,. by th et f! by 8W ~ me ar th co tl sha beim re to th ~ part. 8.3.1 Oi. Gas. an Mi. ~lI ~. Le re thnl to le th Pr fo oi SA. ga e~, exct an ~ by pi. Aw e~. ex, or pi ac aring Wo a miralleasex~ by Les~ 10 ths Ap mut be co~ wfless's us øf th Pm, an wi no ll, .im wi. pu at Fi. er je th any ofLes's im. &.3.2 lWCs Ri t6 Ge. Sø IÐ as it do na in wiles's us øf th Pr, les re th ri to inal aA co wi ge sys fo "I ca In ex Ðf th capa se by les Ìf th PFA(s). 8.4 Ha.FM.. les sh no Yi. aM sh inle ag an Wo by les of. an ta. stlt, or, ar, rute or refa re to th ge. ma, ... use. ree or ttenre. di, ~ er pr øf an sub wNcl is de. as a"~su-, "Clri su" -ha ma, "t suanc",or "sowalt, -~ we"¡" SA ~fe, stat Ði .iÐ. la, stttor 0f. en or UÆ" Pr. Th se is AC iA te ~ to 1h .'aR ~ ap of suta to mil or 00 AOxio we. 6.5 ~, Les sh in, €ten (lJ cøsa to ~ "'.Ii. ...le..ee aN Les's ~, lars,~,", ~, ~ an." te, a .Les ll par) Sl4247v - LEE AGRMEN X'G-D.òo agaiaR anaHlø. ~, da. .. aA oi lillies.. sø fr Øf .. .... fA ll) an ~ fA Les on th Pr, li~ an ~. ne ad or ~ nell fa tø ac en th pe of Le er Myel enage Îf... we fe les, ør (i) an br. of th ~t by.,les.Th ~ sñ su th ~ øf.. Ag. ThsiF..tien.. no.. te iÐ, ~ da, eXl an "lailes ~ .. Wh' or.iR part ll .. ne or dea1 ac er øm Øf llpaof 8f les ~. Pa. S~i.1 leas V8ri--. te iA les l: Sø 6.5 is ~ at On Mi De ($1,",$Ø.OO). un . Îf po is in J!ac whprs fe §ler co. Itl th ev oil, ga, mi expti or eKlad ~ en .. Pre l. lesor er Ði pa, th ca ef leor's iisM to in Les un ,5e 8.5 is in 10 F"tv l8 Dø ($S,oo,ec.OO). 7. ~; Re No to Mp. 7.1 Ri to~. Lee sh ha th ri at an ti to I1to an en Eh, a ~j al or any pa of Lesse's inerst unr thAg wl th oo of Lesso. Les sh be pr co of al suageent be Leee and Mos and aU su mailing ades fo th pu of su~ I' as debein Sen 7.2.(ci Lesor ag ti su~are tiprop of Lese an tht Les sfll kee suc recs ~. and $J oo 4i suh re,te an thi pa vm Le's prwi oose. 7.2 Cq .. ~ Be. Sl les mce any of il iA liUR as.pr Íf S6 7.1 ab, Lesee an Leso ~Iy ~be ~ an _th be at any Mo as fo: (~ The Pa wi ne ca or me ti Ag wi th pr wr eÐ El ea øfth ~, wf ~t sh no "unre ~. or ee. €b) Eac ~e st ha Il Fiht tø Eb an ac or th NE'tø H ~ l9 lese un tl~, anc lesor shalac anySt ac or thng pe. Ðy a Moga Ul lh Ag as if su act or l2 wa do by Les it. (e. . les sh be en to ~ liis Aøre du toaF ~ El by Le, les wil _ tena lt A§ uns it À8 fi gWeA WF A0 0f st un. EI an oflt iA to te ti Agto ea. ~. wm ha recEi anêf gi Le pe nøke of li se in in Les's .~ aA ha gien ea sa Mar at le thi(36) ~al'" lo cure ll Ci lo prve S\ te ef" Ageemen EE) '" ca d Il te ef tM Ag as a re ef ~de or ll b~fl, iJ or ~ øf a re in.~ ferLess, les sha giv ~ ,Mt to aD ~,wl. ha ,éCøe Mder§J' Les ~.AG ef thsein in lesee's prop. les ma, 104241v ~ LEASE A.~NT XlG-DP.do at Is &d ~ Uf WF re of ir tn .il ~ wh hare.. li'...,. Re ef" se. iR ÌI Le...... ~. "".....'~da af N1lÐ su ~ en iA anete ~...SU'~, erit.. wi lw (20 C! afh Nc fJ su ... $u MW te ~ shtl elas ofthfJ øfth ~ øf ti ~ tl reef.. hyle, an stlf fa a teeE t& 1l ... ef tl Ter &f lN ~ aN Uf lh sa te,~, ~ aN.~,as eo.iAti~ UJ' the~ef ., suMW '.le ~ SY Me. sl(L) l)les an ar wl at .. Le fF les. . lN Les an af at am Muwø Mv lM...... Ag fl th ~ fl Ii te)fr. th El ef h ~ fJ tR Ag to I1 ate of th ne leag, anlil ag Ì! wr to pe or ea to be pe al of Il otco cI ag se fo in ti Ag to be pe by Lesee to ll -- tht Les fa to pe th sa pr to the exec an de of thAele~ (e) Th sa or ot lr of any iner in tt Ap by ansu ~ sA".~ Of th ~ WF cot of Les; an ifgr, th Sl ~ $h'.ha ft fu du or ob he. 8. De: Teim. 8.1 De. El ef th. fo 8\ sh CO an "Eve øfDe by a pa an, ~ tø ~ 7.2 al, "pe th ~ pa to te th Ap anGI pYUE al ot ape res avaiat la or eq: (a) The fai or ømby ei l' to pa 8mts reed tøbe pa he wl du, _ su fai or om ha CO fo th (30)da af wt no fr .. oh pa; (Ð) Th fa or emsi by ei pa to oÐ,kee or pi af of - ot te, ~ or ~s se fo in th Agme aM sucfa ør em ll ~ fo thir (3Ø) da fe su lø Fee peef ti .~. tø Cle SI f-. or omio, if su faur or om ca re be 0t wi a th (39 da pe) af Wln nø fr tM øt pa GI (e) A pa lì fe ~ or liti un th ~ lawøf ll Un St ør an ot ju or ha an ii peti in ~er a re fo h ~ Gf a re 8I agin it an Sl ~ pe. or re is oo éis .. si (60) da afer ll. 8.2 I~ bl.1 'ISM. Les ma term tN. ~ at anÐl ti by gM Les lll' three (3)~' WF AO aM.~ lesso a te fee eq to I1 Mì laNReR fo il rem dlh ye iF whlh te ØO ør th am ~ lG a ll (3) mo tif)riwh is grea. Les ~ th ~nl of th wi genfac is ~ Ul th cøet d. ~ limiati, ,~ stu, fera, st atlÐl~,lt pr aM th avly øf pr fi. lfltÅ'.ev th .Le c!er, at it SO èis, th it ca ~ wi l1 1142.f - LE.A AGlME XRG-DP.El ~ of th wi et fa, wl fø ~, ~ or et ~. Lese. ma te NIL.. re.. Teij be li~ øfeetf.lf.. ev øf... E~ T~.les.pt'lle. fe l.s.... wi..~ El Md.....~ ~~_ Le..as'dh~ €lat. \W nilW(.) daÑl ar St. e. Ter, le wi ft Is ~ an iMt_alnsfr thlell$ed~. init ~ te. 1.3 ~ gr Pf. u, th Hp'at or ea te of It~ les Sl ~ an qtle. ~ ll r& lh Pr te Les in th ce in ~ it wa ~ at ll ~ d this Ag, unl eIse ag tø Ðy les. le ag an lloo tø di an ri al eq im, fb an ot~ øw or iA By les or it af ÐF th Pf& ~ that alfe an ~ sf be to II Elth of th (3) fe be th su øf thfl aR 0ß. wi so) wi on hund ei (180) da fr th El of te. at øf wl shal be at Lesse's ao co an ex. If les fail to re su wi' r¡.fae wf 180 €lays of ted th Agt, Les ma de so, in whim ca less sh reimbu les fo reab co d re an rest Îl by les. ln ad to an oter rees availle to Les, slLe fa to re su pr wiin on hundred ei (1.80)da fr th exn or ea term d th Ag an an af Jipert~ Of lhPf .be su on hu ei (180) da re l'risMbe de ~ te les 8f les he ag to reh an anal rite an su. tlq¡, itÐe", nole un an ag lh Lesorsñlø l:er nø ~al to ac su abment. 8.4 ~ qf il Pr. Les res th ri to it an ìl al to go ti Il ~ at re an pr 1i to in~ th sa forIR. ~ ef ~ th th Ag is bein pr oÐ an Ilt al of1M te ar i! kE anpeOf by lese. 9. ~. st ti or.~ ef aI of th PrOf be taen in~ ~ by II go ag, gota l; or øtrpr pa UÆ th exer of th ri of em cl, or sh a pani ta ,.... f8 pM, Ðf the Pr Mt unit fo lesee's use, the thAgee shal term up the veti ef ti or tain ef possessi. AU~ ma Of aæ of'an tain by em EI, sf be ma lG les, ex th Lesee sM.M ent to an aw ma fo th re re an re oo of an ~ f) th les Ra h riht to re. and foth .1e aA da to an su J)rl hl Les el or is reuied not to re, ll far 1h IÐ of we of th Pr ll Les. It is ag th Lesee sNd ha th rito ~ iA aA se ~ an Ilat Les sha no en in My Ðidn sent ag wi th fi wmCOnt of Less,wl sh ne be ~ withheld. 1e. .~. 10. l Faroe Mi -l'. If~' of Il' ad re l¡ ths Afee to fi ~ ~ ei f) is pr or ~ by Fe d any acof Goo. sl., ~,laÐo 1r. iAil to se ma, res 124247v - LEAI AGRE DG-DPI.doc ~ ta...... er." Ð8 ca nø il fa dth ~ re tG ~ Il ad th al,.. wp.. l' to th ot,.. sh 1M ~ ..fi..... ~ _ th.- fA 8A fe.. El øf st ~.~ (! El. 10.2 Aø Up th pf wd æn of Les, les she Nw lÄfitø se, as,~. ansf.. or gr le tøan or aldit I! aRin uM th Af ~. hø. th an aA at... trfe slbe e~'" su t& al ei..,l8, cø an ~ of"A¡ He Stsa, ~ An. or le sh re Leee øfit~ wn th ~ un L.. as it en in~, in wh. ev Le sl ha no ~ ii. expt th Les sh re a ~ of al ~ ~ by it in Se 8.3 aO tG retu th Pr tGth ~ th It wa in.al th co of lh Agre Wi re to su a lr. ~ or sub: (i) tl te theo sh no exteA beyon theA of th Ag te; ti) th sa sl be exp ma subj to al of ll te, ~ an ~it of th Ag; an flÜ) no asig sh be va an ef tI th as sh exe, in fo re saor to Lessor.an ne to be bo hy aI of th te, coents. an ag of IlAg Les sh ha th ~ to se, as, en. or tr any or al øf it ri an iRerts tJ lh Agt No here $hll reri Lesorsri to se en or nner th Pr. 10.3 Me. AlAQs or ol coti reui or peed 1l. ind nø tG ~, sha. uns øth pr heein, bein wr, shal be pe deeE, de by re ov co. or se Ðyreger or ce ma. re re re, and po prep, ad to th Pas at ii fø ad: If to LesJ.R. Sl CøAtt: ~ Se P.O. 80)(27m Ma St. St~ 130.Bee. Ii 3377 IftoLe: XRG - OPS. LtCf' Ex De LtC80 W. ~,Su 120 BÐ IB 3312AI Ja CaF wi a ap p: XRG - DP, tLC cI ~. & 01.èai PlLC515 No 27" SW Boe.tD 83702Al: Pe ~ 13 4247v - LEASE AGREME XRG-DPI.doc Ho ~~. Sh. de gi th C: SG~. Ne gi by cw Em shN Elem gW on th fi bu C! fe th rn... No mø as ~ he ... deem gi 00 th IWMine da~. ti ni da. 'Ne of d' eX 8C sh be li èy WI ne in th I'de ÎI" Se,10.3. 18.4 Fw As. Ea of th Pa tG il Ag ao to~ .. SU'ad €i~ lÐ.f\ lite, exe an ~ su~ aM ~)as ~ ma. Re te fd ~e eaIi aU of tl ~ aN 'Ì" fl .. Agem. les expss agre tt it wifr ti te ti eAr in ie, ~ ~ wi any MøWÅ ~ sudat ~,~1hatles sha ~ th ri ef ii ~ an no cilu ii peses of th Pr so ..iè as it is no in deul of an of lh .~ øftrs Agre le ag th wi th (3C days af re eX a wrretby lessee it shl: (a) grat riht---way an leses for et. and elñ J) ut an fao and an etr elec pewe purposin anypir tF li 00 te acptbl te lesor an as th Parsbi de nesar or cd fe lesse's det aA us t! th Pfep; aA (b) co wì Le in oo wi re for any an al mn dh .. elr lad us peit an appr necssry fo les's~t an us of th Pre as coed by this Agr 'to.5 Es~ ~. E_ pa ag th it sh, at aA ti dutf, Ter of th ~ wl te (..) da af a wr reuet lo.'" oti-, exec, ac~ an de'to th reg rø a WP st cert 1h ll Ag is ~ an in ful fo and eff (or ~ andst.lhe nwits), lh el OR wh th pa an any ot chs ha Ðe. pa, an th Il ar no de exti er tht defaul e_ an staing tnAa of su. de. 10.6 Ne Wai. He wa of an ri un this Agre $h beel fe Bn ~UAss in wr, si. by th paFllte ~ lh Fi, ne sM aN sw wa Be oo Ie be a wa of an ~ ri,te ør ~ ef tA Ag. 10.7 ~. The Pa ag th il. co of th ~ 8f eI ifl8~ ar ooti an, øc as'~.by la, sha bet., st~. sø, iA sh no be ds to aw pe or ~ ~ fi wreR eo d l1 &lpa. 10.3 Ent~. Th Ag, te wi it at exl.cø h'" ~ ~ ii Par he wi re ta th suma.Ae an any pr ~, ~ Of un, WFn or or,ar ~ by th Ag al sha. Ðf no fo or efec.NG ac ormofi d an le er (:~ of th ~ sl he ef uns set fe in 'M. anC! sl 'bt ea" ef 1M, Pa. 1fU) Go La. Th __ an f:ev of this A§reeA sh lÐ inl Ïl ~ .. th la Ðf th St d k1ahe appbl to cøma an ie.. l) wi su St an wi reernc tÐ th ch of la prøJ d $u St er an et st. In tl ev Of any ckil between the 144247v -LEME AGRME XIG-.do Par be, th hi... EJ 00 fo Ca eø, id, shll" sol ve fe an ...Jl.. arl\. 16.1,0 ~ TMPa..thlb.t8an~ÐfWs ~ ~...-- iA MC th.. te ai ce ar no te Becest.me ...,. fa, I' I! Øl ag .. pa. 'W.11 falmlli.. SI My l8 or ~ of" ~ or th ~ lh -.. f) Of ci, to My Øe be il or~,fà ~ efti Ag or il ap at su ts'or~ le pe ør ci ei th Ii to wh it is li ir ortJæabJ, Shal ne il efed th, an ea ~ te an ~ ofth Ag sl' ll va an ence to th fu extpe by la. 10.12 ~. Th Ag may be exec in tw or mo ~, ea of wh $h be de an orna an aD of wh, whn taen to, sl cø on an th sa in. 10.13 Ator' Fee. The prva pa il an act or pr to th~,prec. EN es of any riht or re un th Ag or fe ii.~ at thi Ag sh be enti to rec it reso .~s' fe an co in COn wi su act or pr fr ll J' pr. pa. 18.1: . Th Pat sh. exec an' re a Me of Wi lea Ag in th fo att he as Ex B. lH WISS WHREOF, les an Lesee eA into th Ag as at th Efl Da. lesJ.R. Si Ge ..Br: _ ~~La S. HI Prt SA CEO Les: XR -DP, LLCM kl lim liÐi CO 8y~LLT~A:::~ 15 4247v - LEit AGREEMENT XRG-DP&,d0 UJA DESCMl OF TH PR $ %N%. N '4S%, Sf %SW%, SW%SE %Se 17, E %SE %Se18, ø HE %, E % WI Y", W % SE % Se 19, TOW 11 Se, Ra 27 Eas &flfBÐMe, Ca CO, .id 18 4247v - LEAE AOU:ÆM£NT XRG-DP8.EI _6.0.. MA OF PR ./. " ".... ,.' ,',l ;...:'i..~ ;-...' '-- . l..~:. / L'/'/,. ,l....... .. .(. i .i:/ ...: ~"'rLdt...' ¡,j i.-....~..--"_.,. . : "...'..:-. ~.. _.,:,": ...._ ...,¡'.~.l .~..4........_.....................,. . I' ,,:'~.~/. I'. -t,. .,..) i ~ .-' ~..._.. -1.........¡J1_..,\ ::;;~:\~ .,;, ..... ,.._-.. '"", " ".~.....,f..I..ll Ii" ".. .:i,.XR. li. LL r.... ,~," .~. "'~ :;": .. :;'. .. - ..:.,':' ;i"".v.:.. :".~'~~.'~._,,"~ ;..:~¡.j~.;.....,. 'f'''''-':'' ,-,.,....._.. -"'.. . ..~n5 ''i~~~~, " t.... ,t,.t:-"..' ,.,....r' ¡......_.~ .;:. ~':i~~.'i ..... -:. .~ .1 ~';f) 'r :-5 -l"~~..... 4'?\.~ ¡ .'~"" ..~I ".~ .t".' .!l ~ t( ~. '",-~ ,I ,~ .,j _.'......,~~;......~ ~:j ~ .04.~;...,;.:.~..p-. ~....it::r:~..a=~t"..~!......~~~..' 174247v - LEAS AGREME DG-DP.do -:?/. "' ~:..;:~;:' '-. .~."...,. /0...., ,.!. . .. ' '.'. t( .. v ji..""f ..-:'~"li~\.'-, 31ll8~6 3:14846 c..SS!;\ ::OUIHY, ¡tAHO LAH?Y te.. MtL~~ELS~H .C;øt~CO~DER ~ i:Ei: \¥J ULPUíì. ~ REC( fESTD BY NÐ'MN RECOD RE TO: XR - CPl. LlCde Flèe & 0t, PlC515 'He. 27 Str __ Bo~ to 137&2Al Pet~ i;rm ADR. ? ~\TI 9 18LL~. ¡ _ Ii p'.;- ¡~ d::: ; ,¡' T'~i)- L':. QJ :¡¡! 'f / l.kl.J1 ~ (Sp æø ths li fe Recos tle Ðl) MEOf OF WI PAR I EASE AGREEMlll THlS MEMO OF WIND PAR LEASE AGREEMENT is ma aOen into as of Ma14, 207. by an ben J. R. Si Coy (ULes, an XRG - OPI, an lfli li com ri.R). WHAIS: A. on th date he, th Par ha eAled int a Win Par LeaAlre (the uA§re fG 1M us at pts ef wi ~ depm aArelatd"', trnssi li an fas instti, wi aA weth ~ aA acss OA and acos ce la wh is me pacular1 descr in Ex Aat hee ar ~ .l, llis re (th "Prop; I. Th te of lf Agreme tlh "Terj. sh.tD or th E1f Dalé_ sh co fa th (30~ ye fiom th cø of CoOp(h ac~ Op DateR); on Ite le d~ of su th yerpe. th Agee st exp (t aExDateR). As t: heei, tl teaCo Orat" sh mean th fi prod an sa at.wi en or 6f orby le or it soo or asns OR th Prop or an po ll. Eit pa ma_ a ~ ~ of th AQmet seltfø1h e~ da of 1h T et In ad. th li ag tht Les ma fi aAO of lérm øf th Agme l1 th expti of th te or in th ev ofea temi øf ll Afee. C. Th Part de to eAiAe th ~ of WiI Par Lea~ wh is lø ID reed iA or th l1. ii may haw Jl of 1hle øf.. P~ aA d ll e..ne of" Ag ~ OF Wl PARK LEAE AGRHMENT - Pag 1 IN Wl"SS WHRl!OF. thPañ tø 8M Il ~ ofWi p- le ~ as of lh da sefe ab. LeJ.R.Sí~ By~ ~~la S. tl Prt an CEO Lesee: XR-DP8Af Id üm lI co / /1' By /2 ¿..,LL( ¿Tiil'~ ;n.y_ h;:J 01'' "Î v,(. 'ct MEM OF WID PAR LEA AGRMENT - Pag 2 NOTAA ACNT St of IM Ceøt .. ) ) ) ss. Of HlJteì Z1 J 28.., De me. ll UANoPu, ~ ~"'I. tiolU;. ixlii"t & em flfJ.tiiø~kntame or pt.. me EJ ti .. of S8 EM to be th peß) wl nas) isar ~ tah,wi innm,an ~ to me thhesh ~ee. th sa ÎA hill au ~ie), sAd th èy hillir sis) OR th in th pes), or il enty UJ .be of wh ~\PM~)aced, &xeo th int. .;~'~t-~ L. S')~(Sf~;""r ~ V~cf- ~ ~iP;ø1T~' " 1..1.Ú) i .... PUB\"\""" 0" d Ie 5_~ '\ ;. "............¡" ~ ..~~i;rE. Of \~,;'--'"Ulll"St of T \~ )iÎ ) SS.Co of r!(iú. ) Of J1i.p..litb ~ 7 , 20 0 7. be. me, 1b un=:*J~es ¡;(j~ Ctu-k.lAr ÐeJ4kf te me Ðr pr to me 00 th Ða øf ~ ev to be lh~s) Wh na$~ is~ ~be D ti wi.if an ac'to me 1l.lish ex th sa iA ~ au ~ie). 8f tht by ~r silis~ en th, .iM,11 pesl. or th enty upbeal ofwN th ~(s) ac, exec li iA ($ .... . ... ~)¡"''1 )vh"- ~.'..'~:. ': g- J ;J~I p-: ~ ;... ---. .. ~ : ~ .... .fB\. \c....~¡¡.... .'.:..."..... .-' ~ ~.,....l Or iOt.~.. ~- MEM0 OF WI PAR LE AGRERlNT - Pa 3 IXBlA DESCRP OF TH PR S %H %, N % S %, SE %., %. S¥ % SE % Se 17, E % SE % Se 18, an ME %. E % SW %. W % SE %Se 11, T~ 11 Se, Ra 27 Ea êftA Bose ~n, Ca Co, ki MEMORAOtJ ÐF WI PARK LEASE A6REEN - Pag 4 _ A- CIfIl"p.d lM Of PRRT ;...,.J f-... ._~lM~.' ~:w.'" .-,' " -' '-1' /'- ,!\ -r ..... ¡:.. ~,-,;~-t..~:. \'..~- _........ .'\ ;;.,.,.-....' . 1, ............... .~. XR. OM, LLC. .. ßi./:¿'r:::t7: ,- ~.... ~.... -'-'yf;t~ .IUTIi . ':1 ...-.....; ',,-t'.- -'.i.:'l.41 ,J ~~ .. .j "._\ I. "," l- f .._.... ~':. .... -"~..... ....,¡....... .L: .:..:....A.:':i:.:c i:¿;J:u~:'.#'''''.";¡'''' MEDU Of WI PAR LEA AG - Pag 5 ....-. '."".. A-~.::~~r ~......:\..._~~... , ..., .' ''¡'" ,; ..~.:':Od.. J''':'.~ .. v '" 16 .......,~ ~ .., .'"~( ""-........i4i....~. , - ....._.... ...7..... ~.~. ì I.. .'I WIND 'ARK LlASE AGii~I'MI'NT EXTNSION This Wim PlTk Le A~ Exte is eM ÎllO as oflû201 0 by .ci ~ J. It Simlot C~ ("Lasor") aR XRG-DP3, LLC ("Lesj, ~ly, tM "Parie". Capze tC' vm heeiø have the øi 1S'b lO them in that WiRd Par Leas Al!eeent emem _ Ðy 1h paa QR Man 14, 2-0: Th Pam emer ino a Wii PR Le ~en OI lt l4, 2ot7 eang foComie Opi0J 1Ð Ðe wi,jR th ye OfRs Ma 14, lot7, Effe Date. Thefarli kevin¡ review th fait of acvln Conia 0p0J by the taeteE da _kave &gd lø, aad hey de exteø the ..4tim for aemeviß Commcial Operion as follows: XRG-DP3, LtC wHiprøvid pr of Subs!ial C~ 00 0r befer .flyl, 2010 wit C0freia Optioo to begin approximel uJXn th completio €If censtnition of th prøjec. Substantial CORstiE is defined as foUows: 1) the delivery of a biTldmg Power Purchase AJreent with a rCJutalDle uôHty; 2) the delvery of a binding COfstcti agreement, inddiRg a perfomiaace bÐnd and wmh defiaes th Commercial Opration date; 3) the deliver of aU governmental approval reuired to complete the prject; 4) the deliver of bindi purhase .eements for an necessa eqipment to complete tle projec; and 5) actul eommencemt of eonstnictioo and installaton on the site. NOW THEREFORE, for goo and vakable considetioa, tle receipt an suffiecy of whieh are hereby acknow1eeci, Les and Lesse hereby agree to exten the Wind Park Leas Agrt umil July i, 2Ena, ~ec to aumatic terminatien if th foregoill cotins have Rot l!en me by said date. IN WITNESS WHEREOF, Les and Lesr enter into this Agreeme as of the date tìst writt Mlove. LESSOR: J. R. Sín~t C!lll Q :By: '/- ~- Tom Basabe Its: La_ Lives0d PreJ ~. LESEE: XlO.DPa. · LLC L~44 lls: LZcòÁil , Notaral Aclmowledents (i felGDl pae: XltG-D'ß, LLC Exta:sioo AJ"emmt Paie i ef2 WIND PARK LEAR AGREEMEN EXTENSION NQIåAL ACIQ'Wi. Slaeef ) 55. UR bdre me, th ~NÐt P1iic,~ ~ ally known .. me Ðl prved tÐ me &J1le bais of sa~ evicce to be th pes) whÐ nams) Me.eå to th witkn insen aM acknowled to me that hclshey executed th . Itheir au1hed eapacit(ie), and that by hislltir signs) on th perOfs), or 1l emit) ttpÐn behalf of which th pers) aeteå executed the Slte of :: Q County of r10Æ On /lct! /.~ , 20Já liefor me, the underlled Nota Public,peonllyapred I/U ~S 7- ~f persoy known te me Ðl FØved to me on the bais ofsatisfac evidence to be 1M pen(s) whose name(s) isare swbsribeå to the withn brstrt; aM acknowledged to me that helshe/they executed the sa in iiltheir autlzed capacity(ics), md that by hisler sigature(s) on the iøsmlm the pe(s), Ðr til emty iin "half ofwieh the peoos) acted, executed thMieD. ) )55. ) ~~'''''''''eee~d~, 01. e.f. , ' 31' "'#. .:~.. ".~~4-.~.:1!~ ~..i tW ~..., .. .: 0121. : r.: -... :3:::i¡i :tr:;, \ PUB\.\C: :"" e. .. li~tP,.... ...0..:.... ~~ ........ ~ .' "i, 1'S OF \~ ~ ,,--'t,." l l,,, '1""\~ e,~Not Publi €or ldahe XRG~DP$, LtC JExt~ A.t '.20f2 WINO PARK LEASE AGREEMENT TH Wl PAR lEASE AGRNT (th MAg is en if . ofMa 14, 2t7 ,th MEf Dat1 by an be J.R. Sì Co ('Le) af ~, LtC,. ld liec Ii co rLes-). le anE le ar se ti ~ te as th "Pat.- RECITAlS A. les QW .ce re ~ lGted iA Cace, in 1À Sta of ld, an moe ~ de iA Eii A afch he (the MPro¡). I. Lesee deir to le th pro in or foLess to de, irstal, ow, and opate wi enrs genrati sys (al rerr to as "w turb1 on th Proper. C. Lesso deir to lease to Lese the Pr onthe .te an co co herei. D. les se to prid wind en to Roc MoinPow an is CUnt in ace neg to sel up to Twenty ~ (20 MN) of wi en to Ro,Mo_ Pow. Less un, an _ei ~ ag. ~i... I -~---'.. .."'li..~lÙ'r' h.rel. are~ up (t.". r' r., "9 7 :m of pesaes 8teent vO ... . ¡ntin Powor øt aeptt of'" q oecf ji~ upthe naN of sa 1'1 be~ to intal )Ínes andma ha to lAt ov aperi of yea. NO. THREFOR, fo a val COlSra th re _ suie of wf are here aclmowledge, Lesso and lese hereby ag as fo: AGREEMENT 1. ~. Le agee lG leas to Le th Pf suÐet to th term an co her, f0 th us aÆ I* of ti) wi resOtce evaiO, wi enfWYde~, wi eny st sy, ety trssio an relte wi enrfl deel l¡e$, as decr~ in Se 3.1 àe, (ii) placment GA, ov, un and ao th Prøprt of ~io lis.fo el an countins and reraed fa an f0 on or mø ~ orincodi fas, as Gld iAse 3.2, an (m~ inss an ~ss to an fr th PIert, as C:SC in8e 3.3 Ðe. 1.1 Rwes".lis an Wai. Les ac th PJ inin th Ag~ Ìl it iwes CO, AS lS~ wi any rese or 1 4241v - LEASE AGREEME nG-.8o weMi. ... or im. e)Ø as ot se fÐ in li lea. It is ~ an ag.. "'les" ~ lM Pr. Md. tl Leha ma iI ~ Ðf th WI Ðf th Pf $Æ it l.fo th ~fÐ wh les is ~.us th Pr. 2. !m. 2.1 1i. Th le.. th~ (il "T.."). si Ðe,. ilEf Da 8Æ sh ee". fo il (3Q ye, fr th COne ofCøda Op ... aCøei OpiÐ Da"); on lhla,day of sutt ye ~ lM Agsh.xp ~ ~ Da"). As us he. 1hter "CoOp" sh me th fit pr aA sa d wi en orei CR by lesee or it suc Ðr as Of th Pr or an poth. Ei pa ma il a sule Me d Wn: Le Al seng fo the exa Ex Da ci th Term. an th eve lesee fa toco Co Op of 1ñ in æpci se by le in thPPA(s) wi th (3) ye aler th Effed Dat. Les ma te this Agme by prin Les no puant to se 10.3. 3. Perm Use of th. P!. The ri de ab sh f* Lesto use th Prfo th fous, and no ot: 3.1 Sc d Wi Ene sA Qeme Us an PY. Du thTer. les sl haw th ~iv ng. to er, irta, coslf rece. mata,f$paf 'aÆ ~ wi en genra sy on th~, indng ii us of wi. that pase ov th Pr. as lesee de in it so dicr fo thlM æp se by les inlhPPA(s). With liming l1 ge of thfo. th Se 3.1 sh.~ ll insta. cotrct. rnte an~ of ar8A" al ecui an ir ne or tI fo th gen of wi en in e1ty. inin, buoo limed to, wi, tus.tl~ Wes, tr wi, el trfo, eAy st~ fa,~.~, po ge fad to be op in cowi. wi lt inat, ro, an, mee0 to SA wimesu ~ co.~, stofas, l' ya, an re faeis an ~ bu sh not ir th cost. 1n orer of any ..ary or pent re stes. lesse sl1 cltà si, ty, aR maur of $U wi en geti sys in it sat dib, .bu Les sh AO lo, po or pl any wM tu, Ynlelse ag te &y lh Pa, with On 1l fiv Hund fe (150) of an eepi re as St .re ex at th Wn of tA ir an~ øf th Yi tt wi less IJ wm CO. lf ad,less may oo S1 te aA~, inUE wi sp tets an'so an ge in, as Les dems ne or de in coon wi it deve ef a wi eR ~ sys on tÀ Pry. Up Lesorswr feq les sl1 pn Les wi l1 fesul toth wi an ~dat fi an te ai ~iø ~en by les pctJ to th precse. 3.1.1 Less.~ teWsIM PM. It is~, he, AllesÐl sh.re at rt t& ~ if al ol ae tI do no ~ wlLea.e's tI èf th ~ fO wl~, syserns. F~, Lesor sh ha 2 4.248v - LESE AGEMEN Xl6-,oP9.do th ri to in is 0W wi..~ sy fo WI ~ im ft of th ~ .se. Øy lesiA ilI'AEs) as se fo in Se 1.3.2- 3.2 S§.ofi:~ Us ..~. les sh. lø a,.ødu rit0er.iA. ~ re,. ma rer. opte an .. El~ an ov ~ aN trli, ca an relfa fe lM. ~,of et er an ce. aA lii) on orme su af ~ or ~ fa fr wh Lesse aÆot ma ~ tea øl tr syem or" tr sys of~ lUehef ~ er".âI tÐ wi ap 'ri of W" 00,ii, aA ac th PfÐf. Th il of l. an ~ sh .re in ef ønso lo, as les eos to geat st elfi Cl Of Les 1'. 3.3 Sqof Ae Us lf P_. Lesse sha ha aAOxcl ri of ac. ~ aA eges to an fr th Prrt an an te an ~ in tl øvr an ac th Prrt by rnS ci exing ro or Ðlrw and by suc route or roes as Les may costr from ti to ti. Theroes or roa will be approMel fou (14) fe in wi. Lesse spfiacnolees lhatal ros no lipa th Prert an those ro to be cotrctas a pa of 1h wi genrati fa ma be us by Lesor. les wi co wi lesso in th siing of new road on Lesors pr, an Le5 wi ha fialpI. ~ of ne pr ro, wh appr sA no be unrna wi. Les ma coli to kee lies on th Pr or eng in ot agltura ac,. St litoc sh Åa th ri ef way on al ro an Le agees tepay cl fo any ii. kieè by it ei, coct an subcor. 3.4 Waier of Se ~. Les may Jo MAd enrgge system or relatfa El ~t at any loti up th Pro.in at or ne th PrGrt lis uner 1h te an CO her. Les in go fa sh eons'" sA eo wi les Of plmeAt of wine energ fJaï syste af al reia co to deem it any im ma OCr OAcu. ~ or ~ ~. CXñi an sha us at coroily re ef to io wi gen relatd syste as to mi imless ~ ~ C! th Prop. lessos cose at final plrnAt Ði wieny ge sys or re fac sh no be~~.F~, in th ev th th lO of any port of an wi en ~iø sysem ør re fas or ~ to be lned or CG. on th Pr oral or ne pr fi is .1i. or re by an pri agee or reti or any ta. rule or or~ of an govent agnc, lesør shø ~ .. aR ass less iA øÐing wave or var fr St.~ aO sh8*ec ai døAts evi less ~ lG th eI' of suc reql:re. 3.5 ~ ef kp Pf. Al ~ in en th PfO by Lee. Ît sueso .. as, whlM re. ~I or mieØ, sha remin th prQ( of Les aM shal be reMov by Les at an time. Sl to Se 1..3be. 4. p&¥l tÐ Leso. 4.1 piMt Dt pg lÐ.~ ef Coci 0Ð. 3 4248v - LJBASE A~EM! XIG-DP9.do Be øn 1M Et .Ðø _ 0Ø un th Co 0p Da,les sf.J). tø les an affeof 0N Thnd Fiv ti.De ($'l,iO&), St fe to'-pa on er Be Ju 1" of ea st ~, ~if 207.4.2 ~ Re. ~~ in Ðf eawf tu, les .. l) tø les a Me 1ife of Føu Tti Do ($4,OC) J) tI of in ~ en Les... ta (*an ReÑ Swt4JJi-. Me th Corc0p ..9a (8P ei as ,~ÌF Se 4.2(a1 Ði Ðr arml e8 Ja1$1 th oc Øint 1M.EI FA lf Ter, Le sh pa to les th amOf Th Fiv .~ .ØO ($1,50) pe tI dinta ~ fer 1h lI ye an TW( Th Ðø ($2,00) 1* PM of if ca fo ea suen ye ('laRe) pe ye, pr th (al af lessee te thAg, les st l! les a J' lSf Re pa prte fo th palye betw th tena da an th next fo Januar 1st, tb) no lat lh on (1) mø føllo th Cocial Op Da, Lesse shaH pay les a~la Rent paym ~ fo th pa yer betwn th CoerOpe Date an th ne folng Janu 1 st. ln ea year fol th CoOi OpeDae, th Land Rentshall be pa qurtrt. In th evt tht les instas an elri suat on the Pr, les shal pay to less anadOne Th Do ($1,00.00) pe ye, as and for subsal rent, per sutaon ('SUbstatie Ren). For ea subst~ th fi ret pat shl be du at th inati ofcons of sad suta an on or befor Janua 1Gt fo ea~. yea llea dl. th rem Ter of ths Ageet tn, th fi evlÀt Les sAa co a trio (69kV or larr) line or line acss an pÐie Ðf lesss ~,~ tÐ Se 3.2 ab; Lesee shal in ad pay les trnsmi ~-wy rent am, caloolated at One Thnd Dolar ($1,000.00) pehJe ace, wi SU tese aa ca by moplng th li fe of trnsmi li C0 acos Less lans de on E?S A at heto by a ng-o with of fi (SO) fet, suc produc tÐ thn be divide by 43,56 5qYa fet ('"raøn UAe Ren. For eac trns riht-..wa, th fit re ~ay, sh be dæ at 1h inti of us. of sad riht-of-wy aÆl on or be Jary ,. for ea ~ ye Ileaf duri 1h re Term ofti Agre. The la.ReA SORen aAd Tra Life Rent are coly rerr to as -Mium Ren". 4.3 fl PaM If du th Ter of th AfIiee th RoydPe(denet ãelo) of Qr. Revs (de be) fr th wi geio sys 1o. 0I th ~ èt MY cand year exæ thMi Ren ap lÐ St ca ye, Les sh pa Stch exce t& les as ~ rent. Thes ~ re paym ar du an pa WÏn ~ (60)êayfo i: ef øf ead canà ye. 4.4 De ef.Re Perawt and -Gros 'P..". Tne, te"Re Per" shal tw aM ~ pe (2.5%) in ye 1 t~M efCOci ~,th an onha pece (3.5%) in yers G kOth 1tl ofCoâa ~, fo aA. oo pece (4.5%) in year 11 ~ 15 of CÐci ~, aM fi and on-h peæn (5.5%) in year 16 an in eacsWtint ye um th ~ of 1M A§. Th te -Gr Rtl" sN me: MY ca J's acaH reciv by Lesfr 1) th saf øf eleoty gelr tA wi ge fa to wh 4' 424'lv - LEASE AGREME XlG-~.E1 aw." puallf ef su_cl ~ IR in or ta fe pali; 2)" 18_.. ~ ~ Ðr gr ta as wi thl!aløfwi eI .. 3)lh l'118 øf OOIIA8 ~ or.øfiA et Wle ...... tÐ th ex th t'me Is ..... Ie~ l. lolo et de 1''" th ge or sa of ~.... wi ~ ,....1. ~ th fø, "Gf REW# shAe ind th føJr: 1) 8W. re. if. $t or be" re lt., ol SÐee; 2) .. re ff de.fi an eq inve aÆ an ines ea ÐA su f\l 3J ~ re ff. a go er..~ bo.. .ae. as a 'pa Sl Ðr en in co wl. er ar ou cA th .~ Ðr ce øf wi pnra fac; 4) pa.ie Ei.8., ~ .. Yllø.f) wi tw gera or any oiimevme, Ðr in ~ wi Les's OIti OR th Pro; 5) sa ofel en _ wh pa Is deay or has no be receed flA,wit timiti, dY to a Elau by th pur lñre, excet that pant unr~ 4.3 sh be pa Of an Elye paym wh su paym are ac reed; 6) pr ree fr 1h sa, leas or oth dispo cA any wi turb geOf' Ðr from th sa, le or ot dipait of any of Lesee's Ðlher ~, tr~ or ch, or any in th; 7) an ren, if pant Ol It iw pant re by Les in exane fOl Le's ass,Slbll1 or Girw tr aI or an int of Lesse in this Leas; 8) sa of el eA ~ fr wi. tu ge no Jo OR th Pror 9) ta be reve by les, irin, wñ im, pruc. ta en. 4.4.1 Le$ wi ~ to Les a ~ cA th annu pr ef el'eny ~ on 1M Pr, inud ce of th stteme re ffO th ptGM of th ei, wi sixt (6' da fo ll en of each adnd ye to 8f ~ wi Les's pa obgat. Lesso ag th Sl. state ar th ~ cA Les an th Lesso sha keep suc reeent af sh AO ~ su reco to an th pa wiut Les's J'wr ænen 4.5. ~øfWi TtI OA th Prrt. Th Part heeby ~e an .. tl Il.~ ~ fe in se 4.2 an 4.~ wee ~ with iA an undndin tl les wi in an oprate wi tu wi an inta ~. ef Twe (20~ MN on 1h Pr. Th Par hJ r~ an ag tht th. fial iAtl ~ ma be mo or le th 20 lM. Th Panc: fG Le to fu bu ou tl wi ¡o on th Prop tø 20 hf is Ii on to the e~ It it is ..' to S8C a ('A(s) ir Roc Montai Powr Ol otÀ8acta~. lf Les inta fe mett of ca th ar ca foin thPPA(s)., th Les wI.pa Le Mi Rent in an amt ca as if itha 00lr th U ~cA ca ca fo in thPPA(s). (Sury ch fo) 54248v - LEASE AGRE XRG-Df.ti 4.6 Summary Chart of Payments Section 4.1 Payment Prior to $1,500/yr Beginning with the Commencement of Effectve Date and Commercial Ending Upon Operations Commencement of Commercial Operations Section 4.2 land Rent $4,OOO/MW installed OneTime Fee (Start-Uo)capacity land Rent $1,500/MW installed Annual after (Annual)capacity for first Commencement of year Commercial $2,OOO/MW installed Operations; paid in capacity every year quarterly after first vear Substation Rent $1,OOO/substation Annual after initiation of construction Transmission line $1,OOO/lease acre Annual after Rent for transmission initiation of lines construction Minimum Rent =Annual after land Rent Annual,Commencement of Substation Rent, &Commercial Transmission line Operations or Rent initiation of constrction Section 4.3 Royalty Payment If Royalty Annual after Percentage of Commencement of Gross Revenues Commercial exceeds the Operations Minimum Rent (Section 4.2.) applicable to such calendar year, lessor shall pay such excess to lessee as additional rent 5. lessee Covenants. lessee covenants, represents and warrants to lessor as follows as of the Effectve Date: 5.1 Compliance with law. lessee shall at all times comply in all material respects with all valid laws, ordinances, rules, regulations and statutes of any governmental agency applicable to lessee's operaons on and use of the Propert. 5.2 Payment of Taxes and Other Charges. lessee shall be responsible for any increase in real propert taxes levied against the Propert attributable to Lessee's 6 4248v - LEASE AGREMENT XRG-DP9.doc infi of ~ Øl th Pr 0W by, or UÆ th co of, Le,wh ~'.fM.. th wi.. ge sys, pøtrss l1 ~ fa, an el fRes an ~ 9W 8yL.. an fe ÐA ll~. les" al pa th. re an'pe.1' -- ~ wI Ii 'in . li wi ~ sy. Le wifl ab pa wM du aU eh fe ps wa, el ar ot ui us by lesse GO1ñP~. 5.3 .Y. Les'" k-. Less iA in tl Prop he aA olar of alie an cl . le fe la 8P ser ~. on, an maer,~ 8Æ'~ ~ to th.Pm in coct wi Les's us ettn~. 5.4 Ha Su. Lesee snil no vie, an sAa iALes ag an vi by Leee of, aiy la, sttue, orer, ernc,l' or reg reatto th ge, manfadu, sto, use, re or thterese, disp, trspoti or pr of an su wh is de as a "h~ suÐ", Ilde subanc", Ilhado materil", "toxic sub",Ilso wae" or "haus wae" in any apbl fe, st or lo la, state or orcfaA on or unr th Proprt. Th se is no inteed to ap to th le af ~ate apti of su to mite or cool we puuant to Sl 5.9. S.5 ~. Le sh in, defen (us col ~ tG le an he. har Les's mem,pane, fl,øi, emplee an ag (eac, an -Les Indeie Pa) a,ai aiy an al lo, c:, clin, exp and et Ii resul from or ar ou of, ei wh Ði in J:,(l) .an ~ of Le on tA Prrt, (ii) any negent ac or ~ fai to ac on th pa of Lessee or an ele eng in dong wo for Les, or (ii) an br of this Agree by Lessee. This inem.ha suiv lh term of ll Agnt. Th inni shll' app to les, oam, da, ex an et Iiaò ca SO by any groly ~ or de ac or omss on th pa of an Lessr lnie Pa. 5~8 1fl. Less 8f to ma ii inura coFi it ad onll Pr and to na Les as an ad in. Su eoagst ha a mi co oc an annu iirM of Ten Mi Do ($1()i90,~f)J' that sud am may be pm as pa of a blet fKcoriA Gt pr. Les 89re to su Les wi su cete anot eW: of iA as Les ma reas reuest. 5.7 Ða te Less ll.lA th eve tl.les's, it coct',or ~. ad ÐA ii Pr fiua to th Agfl .ca El to an Ðf Less ii. ,.fJ ef, fang or gr op en 1h Pr,Lesse ags tG .i- tø le an amoo eq to aft of less GU-o- PØél IG dY te sù ~ to Slli, 9f cr, farng or graz~ wh" Ðe an am ea te ii ntve that Less WO ha rec ortll apn maet far sa da crop or list dl th §J or§f seas åuri wh Cl or lite we daed or detr. Paysh be ma _lesse wi th (36~ da af no1fn fr, Lesse. 74243v - LE A~ nG-D".de 5.1 w....le .. no co Ðr pe lÐ be ce., wate.st. da. te Ðt Øl fllh~. Le sh re fr pa,tMwlca ~ er ... ~ øn les sh ma aI th ~ en th ~ if gø ~ .. re an sh matt th Pt in a cl8A~e~ 5.9 WØ. lesee ag . oo wi les tÐ im~ ~... _ga me OA thPro in th vk flwigeA sy anlÐ _el Ma li co fo su ~. 5.10f!; . Ga. le,it... em. an ii sNlMr~ tG ep ai de. My pt ~ Less pr, an tø fepa.~ th fen an pl fr any ~ ca byl\ ~ at clin of th ga in th CO of ga ac ie th Pr. le wi. ti repesib fo an ga le op and fo any ti s, by les ga liestoc tf straye frem lessors~ asa resl;!t of les's or it ag or emye leavi a gate open. 5.11 p,øisl ~. Le ma ta iM to mæe ~ie \0 add or oterse fu wi ~ gen sytems on lests Pf by ~ ~tins to th Agre agbl to botn th Pares. 5.12. Ne lftefl. Lessh no in wi lesors us efthPr. ThPa sMØ hav th ri to .re any slJ inrf by th otpar by any 8PfOfte me an th cot ih shal" imel reimbwtl ~ pa. ~. Less st no ~an wi enil gene fa in such a manne as to lfre the noal opat of Lessors far andram qis inlu pits an irOl stnes. 6. LIS Co.... Les co, reen an wats to les as fe as of th Effee Date: 6.1 Less At. Les is th SÐ ow of th Pr. Les ha lA fu an unst Ji aM au to ex an delive th Agrement 8.2 Lie and Tet. less ha at, he as .Ei C a lit Ðf exc to ti oo il a ~ ti ie da Mach 6. 207 issu Ðy La 11 & Es. IR. of Burt.ld. sa prry ti .-, co repr ew as a wh by Les in caia Cont. lê. of wh th Pr is a ~. As aA achn to Lessee an to th ot li lait conirelated to Le. Les is le to (4) see pace. wl as no ar suÐ øf th WlJlee oo by sa ti 00. ~. it ispoiBl th so of th exc ta tiht in ,Ei ç do no aff thPro.Sub to ti forng ll~. ll aFno lins. en.leas. ~. des at lNst fFed inst, mi ør oi and gasli. ør et e~ns to lessøs fe. Ð'rshi of th Pr excpt as sf) if Ex cat, heet. Lesor.. an wa øiat th ar no tena on thp~ e~as ~ as in.~ C. Les ~sthlh Ie~ llet to Lesseehere is su tG'th matter lite on Ex ç as tl mayafec il Pr. Lesso cots an .,ee Ol, dw. the l"em, it sh no J;rm or gr te ~ in th Pr to an en or pers unles an un 00 Les and su te Ra exec agee pres by Lesee 84243v - LEAE A~N' XRG-DP9.cl suEI.....~ bth ... an ~ Less mi ~l¡" --., L...s usøfth Pr (t"~ Agee"). F~.. fA" ew th.. en er pe he or oo to hø lØ fG ofte en 'li ~ ..,tf Ter wi ha ~ e~ a~ ~.le'" lØ' Les.... te (1'Ol da fl ~ kl'.. øf st tè, aM.bø Le Me su le sl ex~ ~ preslD les wi.fi (15) da of stprse by. Les. 1.3 Ne ~. Asleasoo "Eve Ðf Defa (as th te is C! . ~3 .~ ca~ Le li ÐC aA is eeui. Les sh haveth ..t us Md ~ øf th Prep an ai wi th pa ov th Prin acaa wi Il te øf Il Ag wl SA su tr or imerof any kif by Le 0f any pa ci ~ Less. Lesse may use th Prrt fo ~. re. or otr be pupos as desbe inSe 3.1.1, inmg oi and ga exploati and eid or any oth miere~ or extra (se Se 6.3.1, be, for adal limits on th us). Les wi not ot us th Pro fo any use or take any ot actwhie intereres wi or is Ílf) wñ Less's us of the Prop as pe by ti Ageeme or wh in an way iAers wi th wi fl acòs th Pr.Les wi .F\ gra anli. le. or ot ri wi rect to th Pro wbeo inre wi Lessee'sep. Nong the fo. Lesor re th ri at is so discto æror lote wi getin systems or ol si ploj on th Pr. The Par shal hav lhri to redy an suc in øy th ot paby an ape mes an th cost th sh beim reur to th ag pa. 6.3.1 Oi, Ga _ Mi ~ ø ~. Les rees th ri to lea th Propfø oi 8f ps e~ti. ext an lrreti bypi. An e~. eøaá, or pi ad arin fr a mine leseexeced Ðy Less s~ to this Ap mu be CO with les's us of th Pr, anE wi no harm, iAre wi, pu at rik, or jearde th any of Les's imoYeme. 8.3.2 i.s Bi. tG Qera. So to as it dos na intrf wi Le's use øf lt Pr, le re lh ri to inal lA æn wi geti syste fo lM ca in exce of th capa sere by Les if th PPA(s~. $.4 Haart ~. Les sh ne vi. anE sha in Les agaist any Yi .ëyLes af. anrla. sta. ør, 0f, ru or rela re tø 8l §&ra, rn. stor, us, iile or tIre. àlal, ~ or pn of any su whic is demed as a"haclws su~","de suta" "ha maeri, "texi SYta", or "se wast". "blC! wa"if any ap fed, øte er Iøc la, ste orer. on or Uf _~. This Se is AO iRten to ~to th Ie SA apOfia ~, øf suta to.rnal or oo Aexi we. 6.5 ln~ Le sh. in, Øeen (\J COsel$8tiry l$ Le. an.. hE. .Mr Leø ME Less's mers, pars,me~,~, e~ _ __ (ead. a "Less ~nü Par 94243v ~ LEAE AGlEME nG~l).cl against any and all losses, damages, claims, expnses and other liabilties resulting solely from or arising solely out of (i) any operations of Lessor on the Propert, (ii) any grossly negligent act or grossly negligent failure to act on the part of Lessor or anyone else engaged in doing work for Le.ssor, or (iii) any breach of this Agreement by Lessor. This indemnifcation shall survve the termination of this Agreement. This indemnification shall not apply to losses, damages, claims, expenses and other liabilties caused either wholly or in part by any negligent or deliberate act or omission on the part of any Lessee Indemnifed Part. 6.5.1 Lessots responsibilty to indemnif Lessee under Section 6.5 is capped at One Millon Dollars ($1,000,000.00), unless an insurance policy is in place which provides for greater coverage. In the event oil, gas, mineral exploration or extraction activities commence on the Propert by Lessor or other party, the cap of Lessots responsibilty to indemnif Lessee under Section 6.5 is increased to Five Milion Dollars ($5,000,000.00). 7. Encumbrances: Require Notices to Mortgagees. 7.1 Right to Encumber. Lessee shall have the right at any time to mortgage to any entity (herein, a "Mortgagee") all or any part of Lessee's interest under this Agreement wihout the consent of Lessor. Lessor shall be provided copies of all such agreements between Lessee and Mortgagees and all such mailng addresses for the purposes of supplying notice as described in Section 7.2.(c). Lessor agrees that such documents are the propert of Lessee and that Lessor shall keep such records confidential and shall not disclose such records to any third party without Lessee's prior written consent. 7.2 Covenants for Mortgagees Benefit. Should Lessee mortgage any of its interest hereunder as provided in Section 7.1 above, Lessee and Lessor expressly agree between themselves and for the benefit of any Mortgagees as follows: (a) The Partes will not cancel or modify this Agreement without the prior written consent of each of the Mortgagees, which consent shall not be unreasonably withheld or delayed. (b) Each Mortgagee shall have the right to do any act or thing required to be performed by Lessee under this Agreement, and Lessor shall accpt any such act or thing performed by a Mortgagee under this Agreement as if such act or thing was done by Lessee itself. (c) If Lessor shall become entitled to terminate this Agreement due to an uncured default by Lessee. Lessor will not terminate this Agrement unless it has first given written notice of such uncured default and of it intent to terminate this Agreement to each Mortgagee which have recorded and/or given Lessor personal notice of their secured interest in Lessee's property and has given each such Mortgagee at least thirty (30) additional days to cure the default to prevent such termination of this Agreement. (d) In case of the termination of this Agreement as a result of any default or the bankruptcy, insolvency or appointment of a receiver in bankruptcy for Lessee, Lessor shall give prompt notice to all Mortgagees which have recorded and/or given Lessor personal notice of their secured interest in Lessee's property. Lessor may, 10 4248v - LEASE AGREEMENT XRG-DP9.doc at it .. ~. up .. re ef th fi ~ Me." wh ha ~.. gl le pe no d.. $Ø iÑ iA leee's~, Rlwifo (40 €l af.AO tÐ su Mo, en ln a nele ag wi su'~,ør Is tlie. wl tw (20) da af th re ef su re St ne.. ~ sh be ef as ef th da d .. ~ ef" Ag.1¡ re d de by Les. an sb be fo a teeq,tø th .. of th Tef at.. Ag an' UP th sa te.~, ~an~as~.ifll~ Upthexe of an slJ Ae Ie ag su' Mo sf (l) pa les anam w. ar.EI Le fr Le. .¡ pa Les an an aI am wh WØ ha b8 .. UÆ li ~ fh tl Ag.Ae be teat)fr .. Ät. of tl te of th Ag to th da at il fl leag, an (ii) ag Îf wr to pe or ca to be pe aI of l1 otoofe an ag se fo in th Agr to be pe by lesse to thext i' Leee fa to peøm th sa pr to ll e~ an Elry of th new lea ag. (e) Th sae or ot tr d 8f inte in th Ag by ary su Mo shaH be CO Of th ex wrtt co of lessr; an if gra, th su Meag sh ha no fu dus or ob hereundr.8. Pe; Tei 1.1 De. ~ ef th fo eve sh co an -EveAt ofÐe by a pa, ii, suÐ tø se 7.2 al. sh pe th ~fatJpa to ~. this Agee an J1 aH otr ape reies avÐlat la or eeui: (a) The falu or øm by ei pa to pa amnt reire to be pa ll wh dt, an sud' faim or omio has coinue fo th (30) da, .. wren 11 tram l1 ot pa; (b) Th falwe or 0l by ei part to ob, keep ør ~noan of th eM term, agme or ce set Wn iA th Atnt, and su fa or om ha coti fÐ th (30 day Eor sulo reasna periof li reed to cu su fa or em, r such fa or omssi care~be cured wi a lA (~ da pe af wr AÐ frm Iie oipa;or (e) A pa il fe J' or li un th ~ lad ai Uni ",or an ot jY or li an ~ pe iA bancyor a re fo th ~ of a re fl agt it anE sw inrypeor l'aet iSoo æs wi sÐ (6O da af fi. 8.2 Tetaiby Les. les may le. th ~at anyet ti Ðy iNi les. at leas thee (3) m&' wr no an pa les aterm fe ea~ to lh Mimtla Ren fo the rer øf th yer in whth ~ oc or th am ~ to a th (3) FA ti pewhris gr$J. Les ad_ed th de of lñ wi geti fa is ~ up lh eoti d. wi li, ein11 sts,feal, state and io ~ I9 an th av of prec fi. Inth evet il les d&, at it so diei, tha. Cê ~. wi I1 11 424iv - LEASE AæEEMeNT D.~.tlc development of the wind energy facilty, whether for permittng, environmental or other considerations, Lessee may terminate this Lease ("Early Terminationn) before the commencement of constrction. In the event of such Early Termination, Lessee wil provide Lessor, for Lessots use, any wind measurement data and any facilty permitting documentation developed by Lessee as of the termination date. Within ninety (90) days following any such Early Termination, Lessee wil rernove its propert and installations from the Leased propert, induding its meteorological towers. 8.3 Surrender of Propert. Upon the expiration or earlier termination of this Agreement, Lessee shall peaceably and quietly leave, surrender and retum the Propert to Lessor in the condition in which it was substantially at the commencement of this Agreement, unless otherwise agreed to by Lessor. Lessee agrees and hereby covenants to dismantle and remove all equipment, improvements, fixtures and other propert owned or installed by Lessee or it affliates on the Propert (provided that all footings and foundations shall be to a depth of three (3) feet below the surface of the ground and covered with soil) within one hundred eighty (180) days from the date of termination, all of which shall be at Lessee's sole cost and expense. If Lessee fails to remove such wind pOWer facilities within 180 days of termination of the Agreement, Lessor may do S9, in which case Lessee shall reimburse Lessor for reasonable costs of removal and restoration incurred by Lessor. In addition to any other remedies available to Lessor, should Lessee fail to remove such propert within one hundred eighty (180) days from the expiration or earlier termination of this Agreement, any and all propert remaining on the Propert beyond such one hundred eighty (180) day removal period shall be deemed abandoned to Lessor and Lessee hereby agrees to relinquish any and all rights to any such propert, it being nonetheless understood and agreed that Lessor shall be under no obligation to accept such abandonment. 8.4 Inspection of the Propert. Lessor reserves the right to itself and its agents to go upon the Propert at reasonable and proper times to inspect the same for the purpose of determining that this Agreement is being properly observed and that all of the terms are being kept and performed by Lessee. 9. Condemnation. Should tile or possession of all of the Propert be taken in condemnation proeedings by a government agency, governmental body or other private part under the exercise of the right of eminent domain, or should a partial taking render the remaining portion of the Propert wholly unsuitable for Lessee's use, then this Agreement shall terminate upon the vesting of title or taking of possession. All payments made on account of any taking by eminent domain shall be made to Lessor, except that Lessee shall be entitled to any award made for the reasonable removal and relocation costs of any removable propert that Lessee has the right to remove, and for the loss and damage to any such propert that Lessee elects or is required not to remove, and for the loss of use of the Propert by Lessee. It is agreed that Lessee shall have the right to partcipate in any settlement proceedings and that Lessor shall not enter into any binding settlement agreement without the prior written consent of Lessee, which shall not be unreasonably withheld. 10. Miscellaneous. 10.1 Force Majeure - Delays. If performance of any act required by this Agreement to be performed by either part is prevented or delayed by reason of any act 12 4248v - LEASE AGREEME XRG-DP9.doc of Gc, sl,iø-e ia.., in tÐ se mari,'re~ I8 er ~. fM 8f Ðl _no th fa f! ll.pa ~ tø',pe .. ac th .. pa. t. tJ no to th øi pa, ,sh Ðe øe ft su' ~ to th ei of ar fo th du of.m ~.~orde. 1&.2 ~ lJ th fJ Mi mn of les. Les sh li .... to se. ... ~, tr, ør gr le to an Ðr at of it Pi 8lif li..~ ~. ho...,. th an af aI sw tn sM.fi exes ma. su te al El li te, co an cos of th ~ Nø su sa. ~ trei, or le sh re Les of is~ un Iu ~ tì,Les 8$ it eA iAerti, in wh' ev les sh hav fl COing li, exce tht Les shal rem a gunt of ..'~ as. bv itif Se 8.3 aÐ to retu th Prrt to h 00 lf it was in at th COnt of lA Agreent. Wll re toStch a trer, ~igme or suase: (i) th term th shal no ext Ðeyo lÄ en of 1h Agre te; (ii) 1h same sh. Ðe exply made su to ai of thte. CGMnt and oo of th Ageet; an (ii) fl assit sh be va an e1 ~' th asig $lU exe. in fo rebl sa to less.af agre to Be Ðø. &y al of th te. coen, an ageets of th Ag. les sh ha fh ri to se, asign. en, or traner an or alof it ri '8AWerts Øe this Agre. Noheei sh re lessorsri to sel, en or tr lh Prrt. 1 G.3 No. AI AO fM ohr co requi er perm heet, ~ no to Moes. sh, un ole provided he, beir wr"t. slbe peal del. delive by rebl ove co. or se by reisered or ce ma, re. re reuestd, an po pr. addsetG li Pas at th follo ades: IIløLessaJ.Re 9i uoyAt: ~ Seet P.O. Bex2:7M Ma stee. St. 138 BÐ. 10 83701 lf.les.: XRG - DP. LtCeJ Exeiw De, LtC 80 W. Barl. ,Qi 120 Bo, to 83702Alt: Ja Ca~ul wi a 00 m: XRG - DP9, LtC c/o R~ &. O'Lear PLLC 51S Nor zr Slee Bøe, 10 83762All: Petr Rids 13 424Sv - LEASE AGREME XRG-DP.doc Notices personally delivered shall be deemed given the day so delivered. Notices given by overnight courier shall be deemed given on the first business day following the mailng date. Notices mailed as provided herein shall be deemed given on the third business day following the mailng date. Notice of change of address shall be given by wrtten notice in the manner detailed in this Secion 10.3. 10.4 Further Assurances. Each of the Parties to this Agreement agrees to perform all such acts (including but not limited to, executing and delivering such instruments and documents) as reasonably may be necessary to fully effecuate each and all of the purposes and intent of this Agreement. Lessor expressly agrees that it wil from time to time enter into reasonable nondisturbance agreements with any Mortgagee which requires such an agreement providing that Lessor shall recognize the rights of the Mortgagee and not disturb its possession of the Propert so long as it is not in default of any of the provisions of this Agreement. Lessor agrees that within thirt (30) days after receipt of a wrien request by Lessee it shall: (a) grant rights-of-way and leases for electric and other public utilities and facilities and any other electric power purpose including any power transmission line on terms acceptable to Lessor and as the Partes shall deem necessary or desirable for Lessee's development and use of the Propert; and (b) cooperate with Lessee in connection with requests for any and all zoning changes or other land use permits and/or approvals necessary for Lessee's development and use of the Propert as contemplated by this Agreement. 10.5 Estoppel Certifcates. Each part agrees that it shall, at any time during the Term of this Agreement within ten (10) days after a wrtten request by the other part, execute, acknowledge and deliver to the requesting part a written statement certifying that this Agreement is unmodifed and in full force and effect (or modifed and stating the modifications), the dates on which the payments and any other charges have been paid, and that there are no defaults existing or that default exist and stating the nature of such defaults. 10.6 No Waiver. No waiver of any right under this Agreement shall be effectve for any purpse unless in writing, signed by the part hereto possessing the right, nor shall any such waiver be constred to be a waiver of any subsequent right, term or provision of this Agreement. 10.7 Confidentiality. The Partes agree that the contents of this Agreement and other information exchanged, are confdential and, except as required by law, shall be kept strictly confidentiaL. Such information shall not be disclosed to any person or company without prior written consent of the other part. 10.8 Entire Agrement. This Agreement, together with its attched exhibits, contains the entire agreement between the Parties hereto with respect to the subjec matter hereof and any prior agreements, discussions or undersndings, wrtten or oral, are superceded by this Agreement and shall be of no force or effect. No addition or modifcation of any term or provision of this Agreement shall be effective unless set forth in writing and signed by each of the Parties. 10.9 Governing Law. The terms and provisions of this Agreement shall be interpreted in accordance with the laws of the State of Idaho applicable to contracts made and to be performed within such State and without reference to the choice of law 14 4248v - LEASE AGREEME XRG-DP9.doc ~ d st St... et st. In" ev d ar.. bettetl Par he, .. ld.. cd CØ fo Ca Co, lM, sl be fÄ $8 ve fE afle8l ~ ar th. 1ft 10 1Ft nln;i7'. Tf Pa .. l1 .. te' an pr of th ~ eIlw.. iA an th su te an ~ arAO te bece .. -".fa, AO mo sl ag ei pa. 10.11 e.lt. ~ any te ør ~ d th Ag or th ap .. te an,. .àf, te an ext be in or~,ll re ef" Al. th ~ Ðf sue te or (! to pe or ~ aI tl th to wh it is he lr orunor, sM no be ef Ileby, an ea re tem anè pr ofIlis Ag sh be Va an eneree to th fullet &xtnt ~ by la. 10.12 ~. Th ~ ma be exe in tw or mo ooterp, ea d wh sh be de an oi an aR of wh, when taen toet, sh coe on an ~ sa intnt 10.13 AtYJ' EMS. The prva pa in any ac or pro fo thence ~, or es at an ri or redy uner tA Agrmetor for Ilinet d th Agee sha be ent to reer it reablatey' fe af cø in COon with su ac or pr fr th RO prvaì ~. 10.14 ~. Th Par sh ex an rè a Memo øf Win Lea Asre in th fo at he" as Exh B. IN Wll'NESS WHREOF, Les an Les en in th, Agmet as of h Eff Dae. LessJ.R. $it ~ B~ ~'~~Lawr S. ~ Pre aM CEO Less: XRG - Dpg, LLCÑl kiah lim ii CO ~By., . ,..,. '..' ...~~;:= 1542llv- LEASE AGREEME DG-DP9.do _A ÐE Of TH PRORTY tI % HE ~, EM JN %, Le 2, :3 an", EM SW %, Seiø 30 an lE 1, 2,3 an 4, E % ~ % , E % SW % , Se 31, Tew 11 Se. Ra 27 Eas . th ge Me, casi Co. ld 18 424lv - LEASE AGREEME XRG-DP9.4o EXBI A - Coed MA Of PR ::"\i .0 ; '"::r ¡."".. .._;'.. --.. ¡-\j' ~'. .._..,__~.............J..~ '.J4..~" :i :~. "_..,xa~:'...ü.t'1!- ." ;fd:..... "~ ,----."---':' ~.'"" ...'" -, ',\ " "'l\ ¡....~t; "'.. ls ¿:,~-'-.l::' "~". " ~,. ;:~lq~'-..-.: ..li¡¡.... , r ',~ .-i~t ~~~- ....-.. -._-..",..;.\. .", I ..r,~: ..'----.., -' ""~~~'.e "," ....l-',", " i':(~" -~,:'..:.: '"..~,;. .:-:;-. " iii"" '$---- ..,,-'\lo'I~ ~--"'''''' ". I, -:..- .. '~,¥.:""'.,.,~ ,, t., '" .".i~-v:m-"'~~ t.~: .'....,"~;~..::;1 " " " ~," .~___..__..._,¥...;si c,'.,.~.....~ ... .'.g.:~. .~.. ~;.~í ,, . :~,:. ' ..--..._........:-",",..~ .. ..".,,"'- "",~'):. 4J;~....i:l:~lu::c~(,;...... "...-re~: 17424 - LEASE A~ D.G-ÐP.do 3i~8Y() 31.4848 c: t. S ¿ i /~ i~.: C',! ,~iTY. IDA H 0 L!.~;;:,Y ~,. MICt\ELS~r'¡;;:('G,pr,;:n ~)c: ".- ,"'~'-;\ ~~i~ .. ~y '. .FE=:_ LJ:PU, AECO REQUSl' BY ANWH NE~ AEN TO: Xf - i:, U.Cde.~ & O'lea, PllC stS No 2-' 'StBo, If 837'Atl: Pel'~ "'r:"',7 F.PR ? Pi'l Q 19t.uL 1 ¡ í '- ! h v_ R~L¡¿t~~:y~ (Spa ab .. li fe Recdes us en) PII Qf WIND PMK LEAS! AGREE THtS MEMOM OF WIN PAR LEE AGREEMEN is ma anent into as Ðf Macl 14, 207, by an be J. R. Si Co (ALe5or, at XRG - Dpg,' an kf li ii comny rLes"). WHERES: A. 0J lt da he, th Par have en in a Wind Park Lea ~ (the AAg~ fo Ilus an pu of winE eney develpm and related ri, trnsli an fait intati, wi an weth mo iiOÀII§ an ac 00 an ac certn la whrs moe paarl ci in ExlN Aaleø heo an inpo by th reren (the "Prop); B. The te of th Agre ll "Ter-), sh be OI th Effct Daean .'1 eo for th (æ) ye to th c:N of CoolQl&l ti ..~ Ope Date"); on th Ja day of ~ ti ye pe th At~..., exp Ell "E~Dae"). As useà heei, th te"Coci OpA &hme the fi pr an sa of wi eny or eney oreÐ by Les or it soor or assigns on th Prort ør aßY potheo. Eit pa ma fi a s~l meanm of th Agem seli fo th ~ da Ðf lA Ter. In ac, th ~ ag th Les may fi a not of ter of th Agt up th eiq of th te or in th evet ofea te ei 1h ~ C. Th Par Ðe to eAr in th Memom of Wm P_ Lea Agemnt wf is to be re iA or tf th ,aRs ma have nø of tA te of th ~ an of th .xitene of th Agt. MEMO\I ÐF WI PAR LEASE AGR£EMEtl - Pag 1 IN wtTNSS WHREOF. th ,.æl ha exe.. Me efWinP8f lea ~ 8$ øf.. da se fÐ aB. lesse: J. R. Si Coy B~ ~~Laen S. HO Preid an CEO lesse: XRG-DPS An Ida lied lilit coy // Y1): ¿&¿Tit¿- en. N a *' , MEMORA OF WI PARK LEE AGEEMENT - p. 2 NOTNW1i EQ St ~ 1J Cocl Ma ) ) ) $S. On lUçå27 , 2e-I be me, th ~N$ .Pul ~~l.em.e s,.llua, lmlti . em of ~'~, '.. kAGtø me or pr to me ør it ba cl ~ ev to' . pe) Wf naS) isare subM to th wi if an ~ to me lI~y &xe .. sa Ìl ll lI ~), an th By~ sigliS) on th iM th peS), or th en up. be clwhid aced, exec th instr.~:~ :\l'' . S'r .~..~~,,¥y.T~r' V~e-J-~ Wc.m9l;;~gJ,.' rt...u.2o"- " tr B i;\. 'Y' -'1'\~"o. .-0 ..'~¡'4 ;~,......$~~. "','" . re OF \"\ !I~.f.."~ sta of -: \~ Co of À elk- Or M.14 L"' :? '7 No PuÐlic, P,alap '" ~Jl/~ ¿'1 -y ~ri~ ~ k~(, k'. pey knto me or (l' tø me ÐA th ba of sa evt to be th péoo(s) wh nas) isar su to ll wi inmet; an ac to me thhe$hy exe th sa in hilt au caie), and th by hilt ~s) on th intNnt th pes), or th en up belf Ðf WÄ the pes) ac, exe th intrent ) ) ) $S. , 20 t)1 . be me, tl. un MD OF WIO PAR LEE AGRE.EMENT - Pag 3 .. IXA D& OF TH PR PM % HE %. E % ." % , Let 2. 3 8l 4, E % SW % , Se 3Ø anlel 1, 2, 3 an 4,E % tf %, E % SW % i Se 31, Tow 11 So, Ra 27 Eas of th.8eMe, caCø, ld "ORADlJ OF WI,ND PARK lEASE AGREEMENT - Pa 4 . EX A.. Ct MA ÐFPROP ~ , .. \..~.." ..."..~.:~.. ~-. ,.-.....J~......,"- ~. .' ?:\').~.~ i: "i"'. ~...l_J ~ -:~# ',' ,..ß"I ,/ ? ,J :'-0; i. ::.. J'';' -1.,': -_.._...........~..~-t~.~.~i ,'" .."" ...~ ...:r.-_.-:'..::...\...-'Xi"' Df. t.Ledl¥._ ,'" _r.~2,;,f:. .../..,..._."., " 'i.~',. .=... f i 1 J ~ ~ :. " . ',\'\h_:;~\\ l,,.. 1\ ¿~~......+"'', '~ ,.," \,. ',- Iq~-"S ,..i¥ r '~1 .:'f' " .?l,.' q7:H..~:.i.~.-r - , 't..ulM¡ !.:~H ...... -_.:lI,r ~~.~~: .-....,~..-.....,. '. .. ,," '- --~)--~..,.'Z.:"..i:,.~ ;;~, :.... ~...::.- i .,-~ :.:~~;: r.;~; - .....~: ~! "'.. .. ..~\~.~'~ ....-..,,,-, ¡, : '." .. æ :.~', , .~ 7,1' .~~--' :¿..''¡ 'I ;:.. 7~. ~.~.l..~ :~~=-~ ""'~'~... ~ -. ...71 ....c:, . ,:::.~t ì 'I j .,.,....'.-.',- " ", "'", .-.:¡~ ~.i~"'Å.::f:-:lU.~~~f...'."",,UL~' MEMORÐU OF Wl PARK LE AGEMENT - Pap 5 WI PAI L& AGUDØ UTE.ON l1 w. hi Lo Ace.m... is aJ _ as of~ioi Q "y_..~ J. JR. S~ Ciii.lil1y ~ ..nG-, LLC~;. eÐl~. lh ~". ~te weli hø fi m..... ~""'m ~ W.4'"Le~ ~ -"Y 1l.. GI ~ i.., Hl: 1M Pa eJ _ i Wia ,. La Ãf~ OR Ma l4, 2OçdiB foC~ OpiOR 5 ~ wi dø ye elit Mw i.., io, Ellve Da. 'fhma -v. reic'\ ih,~ C)f ~ C~.l o,_."Y th Wi"" aM åave ~ to, _ ~ ., t=te _ èeiR fwaeiei Cømial Opio as Mew: XkG-DP9. LLC wiN ~ p& of ~l CC)nstoo on or befo Julyl, 2010wi C~ Op.lO, ~'~~ up th ~ ofe~ion olth ~. Su!tl C~ion is ~ as f~: l) th deliv of a biin& PowerPu Aarent with a reble _lit; 2) ih del of a ~g constion ~ inelud a peance bond _ _ch de th Commeria Opoo date; 3) the deliver orall lO~ lPJtovals red to complet th prject; 4) ll deliver of binding puas ~ for afl neces ceipmeJ to c~ the prec; and 5) actalcommencemt of COon _ iiillaton €l th site. NOW TH~FOR. for 200 and vahi COideiOl the reipt and suffcien of whic an, heby adwlc Lesr aD Lesee àey a.e to extend th Wifd Par Le A~t _it Jul 1.2010, sæ to autmatic terinfiio if th foegoing conditio have aø 'b me by said dae. IN WITNESS WHEROF, Les an Le et in âis Agrent as of th date fnt wren aoove. LESSOR: J.lt~C~: -D. .- .øy::,. ~'.' :.. 1'om~It: 1ft.. UY',øi. usu: RO-D".LLCBy:~~p Its: a.44," .' .... '. ~. ~.ar A~wleieiMs QI fôDowÏl ,.: .'..... .... 1. .\'. nO-J",LLCf.~A~ '. l of2 WlHI)'dJ UAS AGJi EXTIO lfW. b: 'f'M ..éf ) $S, () me il ~ecl NG hW~lI llymov to me or~to me . 1M.'" ~ ~ to H me pen(S) ~ ~S) itlM ~to tl ~~; 8M ~~ tome clat hel~y ex~tkin ~ ~ ~ia)._1bt by ttisl!l sipatus) M1h t tl pms), Gi" _iy up Wilf of ..idi th pe(s) me4 exCCod Îl 'nE~:ilBõ St. of ::4.C2 )) $S,Cou of E2 ) 0P...~ £7. . ~ ~fw me tb t:i~ No ,.lie,~ny ~ ::z: £ z: ~Ú¿ .. ,eSGlly ~ to me or pred t~ me _ lhe ba ot ~ ev lO \i 1M pen(s) wÀO ~s) itåF ~-W to th wiclil'l iR~ _ adCi~ to 1M th helsblly CXCQte the sa ia ~ ~ eaKyieJ, .. u by hildr sipatus) on ui i.s~t .e~l), eM tk -t) "P beofwhicå the ~s) acte4 ex~ thm-lleI :qjt2d tf~--NoW ~e fo 14i XlG..~,LLC&te.~t hp2of2 PRODUCTION REQUEST NO. 25 Refer to October 2,2009 e-mail from Bruce Grswold to Jaies Carkulis (Exhbit A-19). Please explain: a. If, when, and how XRG provided feedback of any kind to Rocky Mountain Power on the draf PP A. What was that feedback, if any? b. If, when, and how XRG answered Bruce Grswold's question in the email whether XRG demanded PP As for all six XRG projects. c. If and when XRG consented to pay for interconnection costs and network upgrades necessar for Rocky Mountai Power to accept net output from all six XRG projects. d. If, when, and how XRG informed Rocky Mounta Power that Rocky Mounta Power's position on network upgrades and avoided costs was wrong and the basis for any such disagreement by XRG. XRG RESPONSE TO REQUEST NO. 25 a. XRG requested 4 PP As for smaller projects and became frstrated with Rocky Mountain Power's rejection of its request for 4 PPAs. XRG did not provide feedback because doing appeared to be futile when Rocky Mounta Power repeatedly refused to negotiate due to the perceived trsmission problems. b. XRG neVer attempted to obligate itself to the two larger projects because RMP never provided the AURORA rates for those projects. Although RMP acted in bad faith to do so, XRG could not even obtain sufficient informtion to reasonably determine whether it should obligate itself for those projects. c. As discussed in response to Request No. 14, there never was any need for XRG to pay for network upgrades. Thus, ths question asks for irrelevant information. d. XRG objects to item (d) because it requests irrelevant information. A QF is not required to respond to baseless legal arguents to entitle itself to a stadard offer PP A. Refer to the response to Request No. 14. XRG Responses to Rocky Mountain Power First Production Request 25 Respectfuly submitted on this 6th day of October, 2010. RICHASON & O'LEARY, PLLC ttd~ ~ Gregory M. Adais Attorneys for XRG LLCs XRG Responses to Rocky Mountain Power First Production Request 26 CERTIFICATE OF SERVICE I HEREBY CERTIFY that on the 6th day of October, 2010, a tre and correct copy of the within and foregoing RESPONSES OF XRG-DP-7, XRG-DP-8, XRG-DP..9, XRG-DP-lO, LLCs TO ROCKY MOUNTAIN POWER'S FIRST SET OF PRODUCTION REQUESTS was served in the maner shown to: Jean Jewell Commission Secreta Idao Public Utilties Commission 472 W. Washington Boise, ID 83702 jean. jewell($puc.idaho.gov K- Hand Delivery _U.S. Mail, postage pre-paid Facsimile Electronic Mail Mark C. Moench Rocky Mountain Power 201 South Main Street, Suite 2300 Salt Lake City, UT 84111 Mark.moench~acificorp.com _ Hand Delivery X U.S. Mail, postage pre-paid Facsimile Electronic Mail Danel E. Solander Rocky Mountan Power 201 South Main Street, Suite 2300 Salt Lake City, UT 84111 Daniel.solanderrqacificorp.com _ Hand Delivery X U.S. Mail, postae pre-paid Facsimile Electronic Mail Jeffrey S. Lovinger Lovinger Kaufman LLP 825 NE Multnomah, Suite 925 Portland, OR 97232 10vinger($LKLaw.com _ Hand Delivery X U.S. Mail, postage pre-paid Facsimile Electronic Mail Kenneth E. Kaufan Lovinger Kaufman LLP 825 NE Multnomah, Suite 925 Portland, OR 97232 Kaufman($LKLaw.com _ Hand Delivery lU.S. Mail, postage pre-paid Facsimile Electronic Mail SignedQLl\t~ Nina . Curis Richardson & O'Lear, PLLC