Utility Details. Annual Revenues of $14 million. Capital Assets of $21 million. Sales growth 15-20% per annum. 30 Employees

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2 Introduction Heber Light & Power is a Utah Energy Services Interlocal and provides electric service to nearly 9,000 customers in the beautiful Heber Valley. Created in 1909 by the communities of Heber City, Midway City and Charleston Town. Heber Light & Power owns and operates two hydroelectric generators and three gas/diesel generating plants with an overall generating capacity of 18 megawatts. This summer the valley's electric usage peaked at 28 megawatts.

3 Utility Details Annual Revenues of $14 million Capital Assets of $21 million Sales growth 15-20% per annum 30 Employees 2007 Investment in Plant and Equipment $5.9 million

4 Supplying Electricity to the Valley Generation Diesel and Gas Generation Snake Creek and Lake Creek Hydro Bi-Lateral Contracts Wind Jordanelle Project UAMPS Projects (ownership)

5 Supplying Electricity to the Valley Renewable Supply Snake Creek and Lake Creek Hydro 7,700 MWh annually Wind 219 MWh annually Jordanelle Hydro Project 3,200 MWh in July / 08 20% of current supply is Renewable

6 Jordanelle Hydroelectric Project 12 MW of Generating Capacity Certified as Low Impact Hydro by the Low Impact Hydropower Institute located in Portland, Maine. Renewable Energy Certificates Investigating the value and complexities of this marketplace

7 Supplying Electricity to the Valley Other Non-Green House Gas Emitting Supply Federal Hydro Projects Total Renewable and Hydro sources are 35% of Supply 22,100 MWh Annually

8 Heber Light & Power s Environmental Commitment Generation Plant Tree Trimming Transformers Selective Catalytic Reduction Systems (SCR'S) - 80% reduction in NOx or 110 tons Oxycatalyst Installation - 95% reduction in CO2 or 13 tons Noise Mitigation Studies Use Certified Arborists Member of APPA Tree Power Program All Transformers checked for PCB s Use Loss Evaluated Transformers - most efficient Rebuilt Units used where possible Transformer Oil non PCB / vegetable oil

9 Selective Catalytic Reduction (SCR) Systems at the Ray Farrell Plant

10 Heber Light & Power s Environmental Commitment Wire Recycle used Wire 33,300 lbs last 12 months Cardboard and Paper Recycled monthly Oil Recycle used oil 2,615 gallons in the last 12 months Animal Protection and Osprey Platforms

11 Heber Light & Power s Environmental Commitment Compact Fluorescent Lights (CFL s) CFL s in Buildings Office lighting converted to CFL resulting in a savings of 8,900 kwh s annually If every American home replaced their 5 most frequently used light fixtures or the bulbs in them with ones that have earned the ENERGY STAR, we would save close to $8 billion each year in energy costs, and together we would prevent the greenhouse gases equivalent to the emissions from nearly 10 million cars. Disposal of CFL s (IKEA)

12 Heber Light & Power Challenges Growth is major factor: Annual growth >15% Current Residential and Commercial development will add 30% to current load Current Planned Subdivisions if built-out, will triple the customer base

13 College Substation located behind Wasatch Campus of UVU

14 Customer Service Initiatives Advanced Metering Infrastructure (AMI) Beginning in year Implementation Plan Radio Based System Remotely Read Meters Remotely Disconnect / Reconnect Service Virtual Service Orders Facilitates Time of Use and Seasonal Rate Structures Energy Loss Mitigation In Home Display

15 Regulatory Heber Light & Power must satisfy many regulatory bodies on an ongoing basis. North American Electric Reliability Corporation (NERC) Western Electricity Coordinating Council (WECC) Federal Energy Regulatory Commission (FERC) Environmental Protection Agency (EPA) State Regulation Federal Regulation

16 The Heber Light & Power Mission Statement: "Providing the Best Possible Service for the Least Possible Price"

17 Thank You! A. L. (Tony) Furness Chief Financial Officer Heber Light & Power