Investor Presentaiton

a) Rules 1. Feed-In Tariff b) Submission of FIT Petition to ERC c) Public Consultation d) Approval e) Effectivity 2. Renewable Portfolio Standards a) Rules Timetable for RE Mechanisms Mechanism Target Date Done May 16, 2011 Ongoing Agency ERC NREB ERC ERC ERC DOE - b) RPS minimum % to be imposed NREB December 31, 2011 1st Quarter 2012 c) Approval DOE d) Effectivity DOE 3. Net Metering a) Guidelines Including Pricing Methodology NREB b) Public Consultation c) Approval d) Effectivity 4. Green Energy Option a) IRR b) Public Consultation ERC ERC ERC NREB & DOE DOE 1st Quarter 2012 90 days 3rd Quarter 2012 1st Quarter 2012 90 days c) Approval d) Effectivity 5. Renewable Energy Market a) Change in WESM Rules b) Approval c) Effectivity d) Renewable Energy Registrar 6. Off-Grid RE Development DOE DOE PEMC DOE DOE PEMC ERC/NPC-SPUG 1st Quarter 2012 90 days a) Rules on Application of Non-Fiscal Incentives b) Public Consultation c) Approval ERC NPC-SPUG

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