1. Blackstone Hydropower Status Report 3 rd Annual River Users Conference Blackstone Valley Tourism Council Tricia Jedele, Conservation Law Foundation Bruce DiGennaro, The Essex Partnership

2. Provide cost effective, environmentally sustainable, local renewable energy Protect & enhance environmental resources Advance Watershed Restoration Goals Fish passage & protection Water Quality & Instream Flows Maintain & enhance public access Protect & enhance cultural/historic resources Blackstone Hydro Goals & Objectives 2

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4. Phase I Completed (Dec. 2010) Preliminary Permit Applications Filed (Spring 2011) Manville (P-13944) - Valley Affordable Housing Ashton (P-14213) – Ashton Hydro LLC Albion (P-14212) – Albion Hydro LLC Elizabeth Webbing (P-14211) - RIDEM Phase II Investigation Initiated (Summer 2011) Status Overview 4

5. Phase I: Summary of Results 5 Site Capacity (MW) Annual Energy (MWH) Dev. Costs IRR (%) 20-yr NPV Elizabeth Webbing 0.704,360$1.8M51%$8,117,000 Ashton 0.833,023$6.3M9%$2,563,000 Albion 1.13,974$6.3M13%$4,680,000 Manville 1.44,976$6.2M17%$6,948,000

6. Phase I: Summary of Results (contd) 6 Portfolio Capacity (MW) Annual Energy (MWH) Dev. Costs 20-yr NPV Avg. Annual Revenues Ashton, Albion & Manville 3.311,973$18.9M$9.9M$725,000 Albion, Manville & Webbing 3.213,310$14.3M$12.7M$925,000 Ashton, Albion, Manville & Webbing 4.016,333$20.7M$14M$1,000,000

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8. 1. Finalize/Formalize Collaborative Structure (on-going) 2. Initiate Formal Public Outreach and Regulatory Proceedings (Winter 2011-12) 3. Environmental Assessment / Scoping / Studies (2012-13) 4. Engineering & Optimization (2013) 5. Detailed Project Configurations & Operational Protocols (2013) Next Steps (Phase II & Beyond ) 8

9. Environmental Considerations Instream Flows / Water Quality Fish Passage & Protection Wetlands & Floodplains Shoreline Erosion & Mgt. RT&E spp. & Wildlife Cultural, Historic & Aesthetic Resources Recreational Resources 9

10. Regulatory Requirements FERC License or Exemption 2-3 year process - extensive consultations & NEPA State Approvals S. 404 Waterways S. 401 Water Quality Cert. Wetlands Protection Act Other Electrical Interconnection Agreement LIHI & DPUC (for REC’s) Local Building & Zoning 10

11. Federal Energy Regulatory Commission (FERC) Three Stage Consultation Process – Diverse Stakeholder Consultation Requirements – Environmental, Social, Economic & Power – Dam Safety – Clean Water Act (s. 401 & s. 404) Typically 3+ yr process (pre-construction) Consultations Studies Protection, Mitigation & Enhancement 11

12. FERC / RI Hydropower MOU Partners working with RI EDC to develop a MOU with FERC to streamline FERC process Conceptually the MOU will: Create state-level screening program to ID low impact hydro opportunities (RI Hydro) Establish standards for environmental protection & performance Simplify and streamline FERC review process for eligible projects 12

13. Schedule Complete Phase II StudiesWinter 2012 13

14. Thank-you Q&A 14