Fire Island Wind CIRI, through its Fire Island Wind LLC subsidiary, is developing Southcentral Alaska’s first utility-scale wind project Aerial view of Fire Island photo from fact sheet

Project Overview Located on Fire Island, near Railbelt load center, three miles west of Anchorage First power fall 2012 Chugach Electric Association power purchase agreement 25-year term starts Jan. 1, 2013

Project description 11 General Electric 1.6 MW XLE wind turbines 17.6 MW capacity 32.8 percent net capacity factor 51,000 MW-hours annually ~ 6,000 households Offset 0.5 bcf natural gas consumption annually On-island infra-structure: roads, electrical collection and transmission systems and operations and maintenance building with overnight facilities Subsequent phases could include up to 33 turbines

Project Status Report Chugach is buyer for up to 100 % of first phase power Regulatory Commission of Alaska approved inclusion of cost for FIW power in CEA’s rates Financing complete. All contracts and permits are complete.

Transmission Interconnection 12.5 mile double-circuit transmission line $25 million State of Alaska appropriation Construction managed by CIRI Land based construction contractor Submarine based construction contractor Transmission cable and switchgear Chugach to own and maintain line at COD

Construction Contractors Delaney Construction Group Northern Powerline Constructors Cruz Construction Local Supplemental Contractors IBEW GMC Spernak Chugach Electric CRW, RSE, EPS, D&L, TBC Hydro Ax, Alaska Structures Carlos Tree Service, NW Landscaping

Project Schedule 2011 RCA approval of power purchase agreement Complete all commercial contracts and financing Complete transmission-related construction contracts Complete civil and structural BOP engineering Order long lead-time construction materials Complete transmission-related pre-construction field work

Project Schedule

2012 Complete on-island civil and electrical construction Construct O&M facility Deliver and erect wind turbines Construct transmission interconnection Project commissioning – wind turbines and intertie Commercial operation

Project supports Alaska energy goals Sustainable energy project Private investment Creates many local jobs Locally owned and operated Local energy supply diversification Long-term energy price stability Environmentally responsible