1. 1 Solar Update February 28, 2013 Michael E. Finn, CFO

2. The contract is in the process of being assumed by Constellation Energy Group Decreased sizing by 5% to ensure energy savings measures do not create over production Plans designed in tandem with principals and construction teams 2 Solar Update

3. Coyote Hills, Zuni Hills and Peoria High School to begin construction April 1 – Elementary schools completed August 2 – High School completed August 30 Cheyenne, Desert Harbor, and Santa Fe to begin construction May 27 – All completed September 27 3 Construction Schedule

4. AERIAL VIEWS AND MODIFICATIONS 4

5. 5

6. 6

7. 7

8. 8

9. 9

10. 10

11. 11

12. 12

13. 13

14. 14

15. 15

16. 16

17. QUESTIONS 17