1. MWCOG – The Solar Advantage Todd Foley Director, Business Development BP Solar

2. BP Commitment to Solar Large Solar Manufacturer & Marketer ($300 Million in Revenues; product in 160 countries) 18%Market Share Largest User of Solar Power-6 Mega Watts Deployed on 380 Service Stations & Other Structures Solar is Core of Alternatives Strategy with Wind, Fuel Cells & Hydrogen - $500 million invested ’01-’03 Local: HQ in Frederick

3. Solar Power = High-Value Electricity Peak Power Shaver (not base load) Distributed Power Source - Power at Point of Demand Enhances Energy Security & Reliability – no maintenance or fueling Infinitely Scaleable Aesthetically Pleasing Zero Emissions – offsets emissions from conventional sources Jobs! –36 for every MW installed –CA today: 4000+ jobs 450+ companies DemandPV Output 00:0012:0024:00

4. PV Market Growth/Drivers 34% Market Growth in 2003 574 Mega Watts in 2003 Rising Electricity Costs & Growing Demand: 45% in next 20 years Fuel Diversity – Price Hedge T&D Constraints Cost Reduction: 5% p.a. Overcoming Regulatory Hurdles –Incentives –Simple & Uniform Net Metering/Interconnection Standards Environmental Impact of Energy Use Consumer/Voter Popularity: 91% polled by USA Today Prefer Solar Power to Other Sources

5. Global Market

6. US Market by Segment – 66 MW; CA 80%

7. Solar Applications Homes Buildings+EE: –Commercial –Public/Schools, etc. Remote/Off-Grid Needs: –Signage –Parks

8. Issues for Continued Growth Commitment/Leadership Level Playing Field: –Simple & Uniform Net Metering & Interconnection Standards –$$$ Value for “External” Benefits –Codes/Covenants Funding/Incentives: –RPS –Public Benefits Charges/Rebates –Tax Credits Awareness: utilities, consumers

9. Local/State Leaders California –LADWP –SFPUC –SMUD –San Diego Chicago New Jersey New York Arizona Nevada

10. New York Chicago Washington, DC