1. Vermont’s energy future David Blittersdorf, CEO, Earth Turbines, Inc. Founder, NRG Systems, Inc. dblittersdorf@earthturbines.com Renewable Energy Vermont Stratton, Vermont May 15, 2008

2. Oil prices hit bottom in 2000 A 100+ year trend has reversed A first for mankind! Political supply disruption

3. Magoon: Are we running out of oil? The big rollover Production peaks 40-50 years after discovery peaks USA Peak $2. $10. $90. = Peak Oil

4. Title of Presentation Evidence of global peak production Source: Energy Information Administration World Crude Production Peak: 75 M barrels/day (May, 2005)

5. Vermont’s Electricity Supply 50% 700 MW average 2100 MW average

6. What does this mean? Replacing Vermont Yankee (~250 MW average ) Must have aggressive conservation/efficiency and renewables, fossil fuels for backup and peaking only Electricity to increase from 20% to 50+% of energy Shifting to electrified mass transit Changing our energy mindset, moving to distributed renewable resources, not 500-1000 MW fossil or nuclear plants Title of Presentation

7. Wind in Vermont Vermont has 6,000 8,000 MW of wind capacity available now o 600-800 miles of ridgeline o 75 miles (~10%) is needed

8. How do we get there? A good start 750 MW of wind = 250 MW ave Large wind only –500 1.5 MW turbines –Fifteen 50 MW wind farms Community and large wind –150 1 MW turbines (locally owned) –400 1.5 MW turbines –Eight 50 MW wind farms

9. Here are the facts Rates will go up if VY relicensed or shutdown – market prices rising Renewables must play a large role. Vermonters want a clean energy future. Fossil fuels and nuclear aren’t clean, are not fixed priced for 10-20 years

10. Vermont Deliberative Poll Findings 90% support the building of a wind farm visible from where they live. 98% would like to increase the proportion of Vermont’s electricity obtained from renewables. 69% wanted to see the electricity used by Vermonters produced mostly or entirely inside Vermont. Source: Vermont Department of Public Service (2008)

11. What’s getting in the way? Misperceptions Politics Old ways of thinking Inability to understand a finite earth

12. It’s possible! It’s REQUIRED & NECESSARY for our survival