Investor Presentaiton

EPA Clean Power Plan 2014 30% reduction in GHG emissions by 2030 • Each state required to have a specific emissions reduction target plan • Plan must be presented to EPA by 2016 • Plan must be implemented by 2020 Rate Based = Lbs CO2 per kWh • Mass Based = Lbs CO2 • Typical fuels: Lbs CO2 per kWh ⚫ Bituminous Coal = 2.08 • Sub-Bituminous Coal = 2.16 . Lignite Coal 2.18 = • Natural Gas = 1.22 ⚫ Distillate Oil = 1.68 ⚫ Residual Oil = 1.81

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