GWF Announces Plans for Environmentally Beneficial Conversion of Tracy Power Plant

Modern Combined Cycle Plant Promises Reliable, Flexible, Efficient Electricity
for Years to Come

PITTSBURG, Calif.--(Business Wire)--
GWF Energy LLC announces today that as part of a ten-year power purchase
agreement with Pacific Gas and Electric Company (PG&E) for about 300 megawatts
(MW) of power, it will convert its existing Tracy Peaker Plant - located near
Tracy, California - into a more efficient and environmentally responsible
combined cycle plant.

"We`re pleased that our `re-powering` project will help California meet its
energy and environmental objectives for the next decade and beyond," said Duane
Nelsen, President and Chief Executive Officer of GWF Energy. "Once complete, the
converted Tracy Combined Cycle Power Plant (TCCPP) will provide environmentally
clean, efficient, and flexible capacity that can help back up California`s
planned expansion of renewable resources, such as wind and solar, which provide
intermittent power. It`s a win-win-win."

The ten-year agreement provides PG&E with the entire output of the facility.
PG&E previously purchased the peaker plant`s output indirectly through a
contract with the California Department of Water Resources. The repowering will
add an incremental 145 MW of output to the facility. The agreement is subject to
approval by the California Public Utilities Commission.

"Electricity isn`t the only benefit of upgrading our Tracy plant," explains
Nelsen. "The TCCPP will also reduce greenhouse gas emission rates by 31%, reduce
water use by over 95% through use of dry cooling technology, create more than
400 union jobs and contribute $3.5 million to the local economy during
construction. When operational, the project will create about 20 full-time jobs
and provide approximately $4 million in annual property tax revenue."

In addition to the air quality benefits that are associated with the state of
the art emissions control systems that will be utilized, GWF and the San Joaquin
Valley Air Pollution Control District have entered into an Air Quality
Mitigation Agreement that will specifically benefit the greater Tracy community.

The new TCCPP facility is currently undergoing review by the California Energy
Commission with completion expected by March 2010. The conversion process is
expected to begin in August of 2010, with commercial operations beginning
mid-year 2012.

As an enhancement to the TCCPP agreement, and upon approval by the CPUC, GWF
also agreed to shut down the Tracy Peaker Plant one year earlier than planned
and replace its output with GWF units in Hanford and Lemoore, which are 13% more
efficient and have a 13% lower CO2 emission rate. These units also provide PG&E
greater services and flexibility than the Tracy Peaker Plant - at the same price
PG&E and its customers would have paid for Tracy - allowing PG&E to respond
quickly to changes in customer demand.

Since 1989, GWF and its affiliates have constructed, owned and/or operated nine
power plants/cogeneration facilities in California with a combined generation
capacity of approximately 500 megawatts (including the Tracy Peaker Plant, which
was originally approved and licensed by the CEC in 2002) to help meet
California`s energy needs for the past 20 years.

GWF Energy LLC
Riley Jones, 559-583-2078

Copyright Business Wire 2009