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Gail Windpower Project

Manistee and Benzie counties, Michigan. Gail Windpower Project. Growing A Sustainable Community with Renewable Energy. Agenda. About Duke Energy The Case for Wind Energy in Michigan Project Overview Landowner Benefits Community Benefits Respect for the Environment Safety

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Gail Windpower Project

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  1. Manistee and Benzie counties, Michigan Gail Windpower Project Growing A Sustainable Community with Renewable Energy

  2. Agenda • About Duke Energy • The Case for Wind Energy in Michigan • Project Overview • Landowner Benefits • Community Benefits • Respect for the Environment • Safety • Development and Construction Process • Next Steps www.duke-energy.com/gailwind

  3. Duke Energy… • Is one of the largest electric power companies in the U.S. • Is headquartered in Charlotte, North Carolina • Has more than 18,000 employees • Is a Fortune 500 company traded on the NYSE under the symbol DUK • Supplies and delivers electricity to approximately 11 million people in the U.S. www.duke-energy.com/gailwind

  4. Duke Energy… • Outperformed peer utilities during the recession and is known for its consistently strong financial performance • Was recognized again in 2010 as one of only 100 corporations to make the Ethisphere Institute’s list of the “World’s Most Ethical Companies” • “The award is another reminder that ‘how’ we do business is as important as ‘what’ we achieve.” • Jeff Browning • Vice President-Audit Services • Chief Ethics and Compliance Officer www.duke-energy.com/gailwind

  5. The Way We Do Business At Duke Energy, we’re committed to sustainability – doing business in a way that’s good for people, the planet and profits. www.duke-energy.com/gailwind

  6. Duke Energy’s Commitment to Renewable Power • Duke Energy has nine wind power projects totaling 986 megawatts (MW) already in operation • The 99-MW Campbell Hill wind farm near Casper, Wyo. • Duke Energy has 5,500 MW of potential wind power projects under development in 15 states www.duke-energy.com/gailwind

  7. Duke Energy’s Commitment to Renewable Power • Duke Energy is also growing its solar power business • $50 million program to install rooftop solar panels on select customers’ properties in N.C. • Owns/operates the largest solar photovoltaic project in Texas, and several smaller solar farms • Duke Energy has operated hydroelectric generation stations since 1904 www.duke-energy.com/gailwind

  8. The Case for Wind Energy in Michigan • Michigan is almost totally dependent on imported fuels • 70 cents of every dollar spent on energy goes over state lines • 100% of the coal and uranium we use • 97% of petroleum products • 80% of the natural gas Source: http://www.dleg.state.mi.us/mpsc/reports/energy/energyoverview/ www.duke-energy.com/gailwind

  9. The Case for Wind Energy in Michigan • Michigan ranks 14th in nation for wind • Including off-shore wind moves Michigan to #3 rank in the nation • One of only four states rated with sufficient industrial capacity to manufacture, innovate, and deploy wind technology. www.duke-energy.com/gailwind

  10. Project Overview • Duke Energy will own and operate the Gail Windpower Project • Duke Energy owns DEGS Wind I, LLC, which will develop, construct and operate the wind farm • Target total project size is 200 MW • We estimate the project will consist of just over 100 wind turbines each capable of producing 1.8 MW • Duke Energy will commit to build the project once a long-term power purchase agreement (PPA) is in place www.duke-energy.com/gailwind

  11. Landowner Benefits • Participating landowners will enter into a contract with Duke Energy Generation Services (DEGS), a subsidiary of Duke Energy Corp. • Contract length: 25 years • DEGS pays Annual Fees to all landowners holding signed leases (the lessors) • DEGS pays Wind Turbine Fees to landowners with turbines installed on property www.duke-energy.com/gailwind

  12. Landowner Benefits • What makes wind energy unique: leased land leased may be used for other purposes, including agriculture, recreation, etc. • Landowner income generated from wind energy: • Does not require an up front expenditure of capital • Is not susceptible to drought, flooding, etc. www.duke-energy.com/gailwind

  13. Community Benefits • Approximately 150 construction jobs will be created plus several long-term positions • Indirect economic benefits to hotels, gas stations, local suppliers and hardware companies, etc (anticipated $10 million in spending during construction and millions of dollars annually) • Tax revenues for Manistee and Benzie counties and participating townships • Help control future millage increases • A single 1 MW turbine displaces 1,800 tons of carbon dioxide each year (equivalent to 360,000 tons via Gail Windpower) www.duke-energy.com/gailwind

  14. Community Benefits www.duke-energy.com/gailwind

  15. Respect for the Environment • Duke Energy is working with all appropriate state, county and local agencies to consider potential impacts of construction and wind power operations including: • An evaluation of federal and state species • and habitats • A review for compliance with local • ordinances and zoning • Siting evaluation to limit impact to viewshed • This information helps us develop impact avoidance and mitigation plans www.duke-energy.com/gailwind

  16. Respect for the Environment • Watching out for wildlife • Wind farms are generally considered to have minimal impact on birds and other forms of wildlife • The average wind turbine kills 1-2 birds per year – dramatically less than many other manmade structures such as buildings, bridges, billboards, cars, trains and planes* • Of every 10,000 bird fatalities, only one is caused by a wind turbine* * Source: American Wind Energy Association www.duke-energy.com/gailwind

  17. Safety • Wind is one of the safest ways to produce electricity today • Multiple safeguards for lightning, fire, and mechanical malfunctions are an integral part of design • Automatically shut off in excessive wind conditions • Zero greenhouse gas and other emissions • No hazardous wastes • Operations at Duke’s wind farms are monitored 24 hours a day, 7 days a week www.duke-energy.com/gailwind

  18. Development and Construction Process • First phase: project development • Contingent on the landowners • Development will commence only after all land block leases are signed • Second phase: permitting process, siting studies, power purchase agreements (PPAs) with utility companies www.duke-energy.com/gailwind

  19. Development and Construction Process • Third phase: construction • Access roads and buildings • Turbine foundations • Tower erection • Fourth phase: project commissioning www.duke-energy.com/gailwind

  20. Development and Construction Process • Fifth phase: commercial operation • Clean energy production • Sale of power to energy companies • Revenue payments to landowners www.duke-energy.com/gailwind

  21. Next Steps • Schedule an appointment with Lindi Milner, Leasing Agent (notary) to review/sign the lease agreement • Lindi Milner, Leasing Agent • Gail Windpower Project Development Group • Lindi.Milner@gmail.com • Office: (231) 882-9626 • Cell: (231) 499-4342 • Visit www.duke-energy.com/gailwind for more information www.duke-energy.com/gailwind

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