UPC Wind Power Purchase Agreement to Supply Wind Power to The City of Los Angeles...

UPC Wind Power Purchase Agreement to Supply Wind Power to The City of Los Angeles Approved by Mayor and City Council

As part of agreement with the Southern California Public Power
Authority, UPC Wind will provide clean, renewable energy from its
Utah-based Milford Wind Corridor Project
BOSTON--(Business Wire)--UPC Wind, a leading North American wind power company, today
announced the approval of a 20-year power purchase agreement to supply
the City of Los Angeles with clean, renewable wind power from its
Utah-based Milford Wind Corridor project. Approved by Mayor Antonio
Villaraigosa and the L.A. City Council today, the power purchase
agreement was made with the Southern California Public Power Authority
(SCPPA), acting on behalf of the Los Angeles Department of Water and
Power (LADWP) and the cities of Burbank and Pasadena.

"The approval of this power purchase agreement by the Mayor and
the L.A. City Council is a major milestone for our Utah-based Milford
Wind Corridor project," said Paul Gaynor, President and CEO of UPC
Wind. "In addition to the clean, wind energy that the project will
produce for The City of Los Angeles, it will be a source of revenue
and new jobs to the Utah region where it will be built."

As part of the long-term power purchase agreement, the LADWP will
receive 185 megawatts (MW) from Phase I of the Milford Wind Corridor
with the cities of Burbank and Pasadena getting 10 MW and 5 MW from
the project respectively. The LADWP's 185-megawatt share represents
enough power to serve about 39,000 homes and meets 1.9 percent of the
City's renewable energy goal of 20 percent by 2010.

"This agreement was made possible by the hard work and leadership
of SCPPA and LADWP," said Krista Kisch, Vice President of Business
Development - West Region for UPC Wind. "We applaud the City's
commitment to wind energy, and we are pleased that the Milford Wind
Corridor project will play a role in helping them to achieve some of
their renewable energy goals."

As one of the first and the largest renewable energy facilities in
Utah, the Milford Wind Corridor project will contribute significant
property tax revenues and royalty payments to landowners while
diversifying the employment base within both Millard and Beaver
Counties where the proposed site is to be located.

In addition to increasing domestic energy production and
increasing energy security, wind power is considered cost competitive
with conventional sources of electricity, such as oil or gas. Unlike
traditional polluting sources of energy, wind has no fuel cost,
therefore serving as a natural hedge against volatile fuel prices,
which in most markets in the US constitutes a significant portion of
monthly electricity bills. Wind power does not emit greenhouse gases
or other damaging pollutants.

About UPC Wind

UPC Wind is based in Newton, Massachusetts, with offices in Maine,
Vermont, New York, Pennsylvania, California, Oregon and Hawaii. UPC
Wind is an American-owned company, with a proven track record of
developing, owning and operating well-sited, community-friendly wind
farms that increase energy independence. For more information on UPC
Wind, please visit www.upcwind.com. Additional information on the
Milford Wind Corridor project can be found at www.milfordwind.com.

For UPC Wind
Travis Small, 617-443-9933 x356
tsmall@rasky.com

Copyright Business Wire 2007