Green Energy London Co-operative Inc. (GEL) May 9, 2013 What is GEL?

WHAT IS GEL? GREEN ENERGY LONDON (GEL) is a for-profit co-operative to develop community-owned renewable and alternative energy projects and public education involving renewable energy, energy conservation and the community power model.

WHO IS GEL’S EXECUTIVE? Shane ONeill PRESIDENT, Architect Ted ZurbriggVICE-PRESIDENT, Business owner Diane Szoller TREASURER, Project manager Natalie SECRETARY, BeauregardSolar developer Bill McBane MEMBER-AT-LARGE Information management Jens Stickling MEMBER-AT-LARGE Business owner

Furthers community objectives, tax exempt Business carried out without the purpose of gain for members, surplus retained to further the organization’s purpose No share capital, may sell bonds, other securities Non-Profit Maximize shareholders’ wealth, taxable Unlimited return on shareholder’s capital-dividends, capital gains Sale of securities regulated by Securities Act Business or Goods/services to members, taxable Surplus distributed as dividends, reinvestment Sale of securities regulated by Co-operative Corporations Act Co-op vs

pictures THIS IS OUR VISION We seek to create multiple projects as a mix of public, commercial and residential London roof tops.

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OUR FOCUS - TO ENGAGE RESIDENTS AND SMALL BUSINESS with: INVESTMENT Provide opportunity for community investment in renewable energy with financial dividends – MicroFIT Re-invest remaining profit into new renewable projects EDUCATION Develop programming and public education to reduce fossil fuels and greenhouse gas emissions, raise awareness and engage societial change Initiate public policy and political collaboration

OUR OVERALL GOALS - To improve the quality of our community To build community capacity, new ideas To fund community improvements To support members/investors with dividends To harvest solar energy, sell to the grid To be a ‘go to’ for community buy-in To inform around renewables, climate change To be a leader (to lead the community) To engage the next generation To identify new opportunities To finance green/sustainable initiatives through community and invest in new projects

Cost of Installation Related costs Dividends/ Investor Repayment Surplus $12,250 ($612/yr) Net Cost $124,514 ($18,264) = $106,250 Equipment, assessments $47,000 Inverter replacement, ins., fees, roof lease, etc. $18,264 $2,250/year (5%) or $47,000 investment over 20 years plus repayment of equipment PRODUCTION NREL data 226,801 kWh x.549 cents per kWh $124,514 The OPA is continuing to process MicroFIT applications until the 50 MW procurement target is achieved. The current price schedule remains in effect. Example: Micro-FIT Revenue of $124, year investment

Eligible participants include: Individuals Universities Farmers Schools/colleges Farm Co-ops Hospitals/long-term care Renewable Co-ops (public, private) Municipalities Aboriginal communities LDC Partnerships Social Housing Faith-based organizations MicroFIT ELIGIBILITY provides a fixed price over a 20 year term for electricity production, distribution to the province’s grid (10 kw or less)

MicroFIT may involve one of the following renewable fuel types: BiogasSolar Photovoltaic Biomass- rooftop solar facility Landfill gas- non-rooftop solar facility Wind Waterpower Approvals are conditional to LDC capacity. Hydro One is actively working to increase capacity and quality given aging infrastructure, increased building constructions underway increasing demand, and trends toward smart home applications (residential).

THERE ARE NUMEROUS STAKEHOLDERS IN A SINGLE INSTALLATION Co-op members/Sub-contractors/trades investors (electrical, mechanical, roofing, etc) Building ownersLocal distribution company Building tenantsHydro One ( transmission ) Financial backersBuilding department Legal repsElectrical Safety Authority ConsultantsMinistry of Labour Design EngineersIndependent reviewers Vendors ( panels, inverter, Ontario Power Authority racking, combiners, wire, etc )Public at large

We look forward to: Sharing information Engaging new members and Celebrating a mutual interest in enhancing London’s economic benefits in renewables Thank you - Questions welcome