Energy Management, Inc.§

EMI is a privately held energy company with more than 30 years of experience in energy conservation and energy development.  In 1975, EMI began developing energy conservation and pollution control projects for institutional and industrial facilities.  A decade later, the company transitioned to developing independent power projects.  In 1986, EMI developed, financed and constructed Alexandria Power Associates, a 15 MW wood-fired power production facility in Alexandria, New Hampshire.  Following Alexandria, EMI developed six natural gas-fired electric generation projects totaling more than 860 MW of capacity and including the first true independent and merchant power projects in New England.  At one point, facilities developed by EMI represented $800 million in construction and 8% of New England’s base load capacity.
 
A key factor in EMI’s success to date as a energy developer has been the strength, commitment and extensive experience of its senior management.  Members of the senior management group have worked together for twenty years or more. 
 
EMI has earned a reputation for completing environmentally superior facilities with ultra-high plant availabilities.  In 2000, EMI’s principals sold their interests in its portfolio of natural gas-fired facilities and changed their focus to developing renewable energy projects.  EMI is also currently developing the Cape Wind Project, a 468 MW offshore wind project to be located in Nantucket Sound off the southern coast of Cape Cod, Massachusetts.

Rumford Power Associates, LLC Rumford, Maine 265 Megawatts Gas-Fired Merchant Power Facility U.S. $139,000,000 Project Finance EMI began development in 1996 Construction loan closing 1998 Commercial operation 1999	Tiverton Power Associates, LLC Tiverton, Rhode Island 265 Megawatts Gas-Fired Merchant Power Facility U.S. $145,500,000 Project Finance EMI began development in 1996 Construction loan closing 1998 Commercial operation 1999
Dighton Power Associates, LLC Dighton, Massachusetts 169 Megawatts Gas-Fired Merchant Power Facility U.S. $104,000,000 Project Finance EMI began development in 1994 Construction loan closing 1997 Commercial operation 1998
Dartmouth Power Associates, LLC Dartmouth, Massachusetts 67.6 Megawatts Gas-Fired Independent Plant U.S. $73,877,000 Project Finance EMI began development in 1987 Construction loan closing 1990 Commercial operation 1992	Pawtucket Power Associates, LLC Pawtucket, Rhode Island 61.3 Megawatts Gas-Fired Cogeneration Plant U.S. $68,700,000 Project Finance EMI began development in 1987 Construction loan closing 1989 Commercial operation 1990
Pepperell Power Associates, LLC Pepperell, Massachusetts 40 Megawatts Combined-Cycle Cogeneration Plant U.S. $43,500,000 Project Finance EMI began development in 1986 Construction loan closing 1988 Commercial operation 1989	Alexandria Power Associates, LLC Alexandria, New Hampshire 15 Megawatts Wood-Fired Power Plant U.S. $25,400,000 Project Finance EMI began development in 1984 Construction loan closing 1986 Commercial operation 1987