1. Page 1 T OM C ARNAHAN WIND CAPITAL GROUP Wind Update 2007 Renewable Conference March 28, 2007

2. Page 2

3. Page 3 AWEA WIND MAP

4. Page 4 MD NJ RI MA VT HI OR ID MT WY NV CA UT CO SD WI KS MN MO IL NE TX NM TN OK WV OH AR MI IA PA NY ME NH 29 0.1 2768 497 2361 439 49 75 146 895 288 44 73 364 535 107 7 179 53 936 66 370 8 4 VT 6 1 9 1 1 291 3 WA 818 Ak 2 Wind Energy Projects Throughout the United States of America ND 178

5. Page 5 MISSOURI WIND FARM LOCATIONS Bluegrass Ridge

6. Page 6 Anita Randolph---MO DNR

7. Page 7 TOM CARNAHAN AND LANDOWNER, LARRY SEALEY AT BLUEGRASS RIDGE

8. Page 8 “Acre for acre, wind will be the most profitable crop we harvest, not to mention what it will do for the local schools” - Mike Waltemath BLUEGRASS RIDGE TURBINES ON A LOW CLOUD DAY COMMUNITY SUPPORT

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10. Page 10 MISSOURI WIND FARM LOCATIONS Cow Branch

11. Page 11 COMMUNITY SUPPORT

12. Page 12 John Deere has invested more than $225 mil in Missouri wind energy projects INVESTMENT

13. Page 13 MISSOURI WIND FARM LOCATIONS Conception

14. Page 14 AN AGGRESSIVE TIMELINE: END OF 2005 – TALKS BEGIN

15. Page 15 JANUARY 2006 BLUEGRASS RIDGE ANNOUNCED

16. Page 16 BLUEGRASS RIDGE SUBSTATION CONSTRUCTION STARTED EARLY SPRING

17. Page 17 JULY 2006 – COW BRANCH WIND ENERGY PROJECT ANNOUNCED

18. Page 18 OCTOBER 2006 – CONCEPTION WIND ENERGY PROJECT ANNOUNCED

19. Page 19 MARCH 2007 – CONSTRUCTION COMPLETED BLUEGRASS RIDGE

20. Page 20 1 st QUARTER 2007 – BLUEGRASS RIDGE BEGINS GENERATION

21. Page 21 YEAR END 2007 – EXPECTED CONSTRUCTION COMPLETION COW BRANCH AND CONCEPTION

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23. Page 23 MISSOURI ELECTRIC COOPS

24. Page 24 Eric Chamberlain---Wind Czar

25. Page 25 MISSOURI WIND FARM LOCATIONS Loess Hills Wind Farm

26. Page 26 WindCapitalGroup.com