1. WindShare I Investment Proposal Presentation to WindShare I Members General Meeting, June 7th, 2006

2. Introduction Background Decision: explore investment opportunities Proposal: Lakewind-Bervie Project EF

3. Background WindShare I (Share Capital Co-op) Ex Place Turbine (Joint Venture) THESI Toronto Hydro Energy Services Current Structure EF

4. Background WindShare I AGM - February 2006  Reviewed several new lakeshore turbine investment scenarios EF

5. Background Constricting factors:  Poor pricing  Lack of PPA (power purchase agreement)  Height restrictions - preventing use of more efficient turbines EF

6. Background SOC (Standard Offer Contract)  Developments <10 Meg (ExPlace 650kw)  Expected price: 11c/kWh  20 year contract  Indexed to inflation March 2006 EF

7. Background Impact of SOCs:  Improves economics of ExPlace turbine  Can’t overcome height restrictions - preventing use of more efficient turbines EF

8. Background AGM Conclusion: we must look elsewhere for our next investment EF

9. Lakewind Overview WindShare II created by TREC to develop Lakewind Joint venture with local cooperative: Countryside Energy Coop (Milverton) EH

10. Lakewind–Bervie Project Community wind power project east of Bervie, near Kincardine 900 acres Existing wind study Adjacent interconnect EH

11. Lakewind-Bervie: Progress Report Lease Agreement signed Wind Data Interconnection Update Environmental Assessment & Bird Study EH

12. Lakewind-Bervie: Business Case 11 cents/kWh + strong wind regime = healthy economic revenue (20 years) Projected Internal Rate of Return: > 7% EH

13. Offering Statement Capital target: $20 million Risks Schedules EH

14. Current Business Partnership Structures WindShare I (Share Capital Co-op) Ex Place Turbine (Joint Venture) THESI Toronto Hydro Energy Services Lakewind Power Co-operative (Joint Venture) Lakewind Bervie Project WindShare II (Share Capital Co-op) Countryside Energy Co-op (Share Capital Co-op) EF

15. Proposal to WindShare I Members Merger between WindShare I and WindShare II Create one WindShare share capital cooperative EF

16. Proposed Business Partnership Structure Lakewind Power Co-op (Joint Venture) Lakewind Bervie Project WindShare I & II (New Share Capital Co-op) Countryside Energy Co-op (Share Capital Co-op) THESI Toronto Hydro Energy Services Ex Place Turbine (Joint Venture) EF

17. Benefits of Merger Social  WindShare I: reputation & experience  CEC: Local partner & rural perspective Environmental Economic  Economies of scale  Standard Offer Contract EF

18. Scenario Comparison Capital Structure Equity Investment $’s (WindShare) Net Present Value $’s Projected Internal Rate of Return Ex Place 50% (status quo) 800,000(-504,000)(-3.14%) Ex Place 50% + additional T.O. turbine 1,553,741(-457,000)+3.16% Ex Place 50% + Lakewind- Bervie 50% 5,800,00011,600+7.03% DR

19. Implications for WindShare I Business entities, contract & conditions “Pioneer” membership designation Investors-in-waiting: Transfer funds held in escrow (with approval) Preference shares: transfer at ‘threshold’ point Other Board Member???

20. Lakewind Proposed Timeline Summer 06: WindShare and CEC offering agreements to FSCO Fall 06: FSCO approval; Bervie EA completed; membership campaign launch Spring 07: turbines ordered Spring 08: turbine installation Other Board Member???

21. View from the Board Motion Review Q&A Membership Motion Vote EF