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Invenergy The Power of Innovation. Invenergy 2 Corporate Overview  Developer owner and operator of power generation projects.  Experienced and proven.

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Presentation on theme: "Invenergy The Power of Innovation. Invenergy 2 Corporate Overview  Developer owner and operator of power generation projects.  Experienced and proven."— Presentation transcript:

1 Invenergy The Power of Innovation

2 Invenergy 2 Corporate Overview  Developer owner and operator of power generation projects.  Experienced and proven management team in energy and power generation.  Focused on the development of large-scale wind energy and natural gas projects as well as acquisition opportunities. Other renewable energy projects under evaluation.  More than 12,000 MW in development, construction and operation including long term power contracts in excess of 2,000 MW.  Headquartered in Chicago with development offices in Denver, Washington D.C., Milwaukee, Toronto, San Francisco and Austin, Texas. International offices in London, UK and Warsaw, Poland.  Currently building a portfolio of power facilities in North America and Europe.

3 Invenergy 3 Invenergy Wind LLC (U.S.)  Three projects (260 MW) of wind projects constructed in the U.S. in 2005 and now in commercial operation:  Judith Gap, Montana – 135 MW (commissioning)  Spring Canyon, Colorado – 60 MW (construction)  Wolverine Creek, Idaho – 65 MW (construction)  Buffalo Mountain, Tennessee project entered commercial operation in October 2004 – one of only a few projects in the US to go into construction in MW of Wind Turbines for projects slated for construction in 2006 and 2007 secured with GE (1.5 MW SLE units)  350 MW (three projects) planned for construction in 2006

4 Invenergy 4 Beech Ridge Wind Farm  Northwestern Greenbrier County  Proposed 186 MW facility  124 GE 1.5 turbines (77 meter rotors)  Key landowner: MeadWestvaco  Target Schedule PSC Siting Certificate: August 2007 Start Construction: April 2007 Start Operations: December 2007  Expected Output: 570,000,000 kwh/yr  Economic Impacts $300,000,000 investment 200+ construction jobs permanent jobs $400,000 /yr property taxes $200,000 / yr B&O taxes

5 Invenergy 5 Beech Ridge Opposition  Anti-Wind MCRE CRW  Tourism The Greenbrier & Sporting Club Greenbrier Co. CVB  Elected Officials US Rep. Mollohan WV Senator Guills WV Delegate Canterbury WV Delegate Campbell Lewisburg Mayor Manchester  Numerous Local Citizen Organizations Greenbrier River Watershed Association Williamsburg VWF Williamsburg Ruritan etc…  Grassroots 2,000+ letters of opposition

6 Invenergy 6 Complaints  Reduced Property values  Reduced Tourism  Viewshed Degradation  Bat Mortality  Bird Mortality  Habitat Loss  Light Pollution  Noise Pollution  Proximity to cemeteries  Abandonment  Restricted Access  Fire Risk  Falling Ice  Water Pollution  Excessive Subsidies  Out-of-state Ownership  Out-of-state Labor  Radio Interference  Poor mapping

7 Invenergy 7 Beech Ridge Supporters  Labor (ACT)  Industry WV MFA WV Forestry Association  Environmentalists Sierra Club Coal River Mountain Watch  Local Government Rainelle, Rupert, Quinwood, Richwood Greenbrier Co. Commissioners  Grassroots 700+ letters of support

8 Invenergy 8 WV MFA Opinion Poll

9 Invenergy 9 WV MFA Opinion Poll “Would you favor or oppose the construction of a wind farm or wind powered generator facility in your county?” County Breakout Greenbrier (n=111) Tucker (n=105) Strongly Favor32%57% Somewhat Favor32%24% Somewhat Oppose8%10% Strongly Oppose16%7% Unsure12%3% Local support for wind power typically increases after construction is completed.

10 Invenergy 10 Post-Certificate Hurdles  Appeals PSC Reconsideration WV Supreme Court  Preconstruction Conditions USFWS / WV DNR Compliance (endangered species) WV DEP Compliance  Wetlands  Stormwater / NPDES WV Culture and History Compliance  Architecture  Archaeology Decommissioning Bond Property Tax Agreement


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