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PROJECT 100 BID DEADLINE EXTENDED A SECOND TIME

New deadline to be determined following DPUC decision

Rocky Hill, Conn. (August 11, 2006) - The Connecticut Clean Energy Fund (CCEF), administered by Connecticut Innovations (CI), today announced that the due date for bids under Round II of Project 100 has been extended for a second time. The extension was made in response to a directive by the Department of Public Utility Control (DPUC) to CCEF to postpone acting on Round II bids until after DPUC has rendered a final decision regarding long-term renewable energy contracts. The currently scheduled bid due date of August 15, 2006 has, therefore, been extended until a date to be determined after that decision is rendered.

Project 100 is an initiative promoting the development and deployment of “Class I” renewable energy resources. The initiative supports landmark 2003 Connecticut legislation and 2005 energy independence act mandating local electric distribution companies to contract a minimum of 100 MW of clean energy resources by July 1, 2008. In order to meet this date and to address critical energy needs, CCEF hopes to proceed expeditiously with the Project 100 process to ensure that renewable energy projects are part of Connecticut’s energy solution.

About the Connecticut Clean Energy Fund (CCEF)
CCEF was created by the Connecticut General Assembly and is administered by Connecticut Innovations, a quasi-public organization. CCEF promotes the development and commercialization of clean energy technologies; the creation of clean energy supply; and the demand for electricity from clean, renewable sources in Connecticut in order to strengthen Connecticut’s economy, protect community health, improve the environment, and promote a secure energy supply for the state. CCEF’s funding comes from a surcharge on electric ratepayers’ utility bills.

About Connecticut Innovations, Inc.
Connecticut Innovations (CI) is a quasi-public organization dedicated to driving a vibrant, entrepreneurial,technology-based economy in Connecticut. CI stimulates high-tech growth by investing in: early-stage Connecticut technology companies; university/industry research collaborations; technology transfer; and, clean energy initiatives through the Connecticut Clean Energy Fund. CI also fosters collaboration among government, business, non-profit and academic organizations to advance technology growth and promotes public policies consistent with CI’s mission. Since 1995, CI has been the state’s leading investor in high technology and clean energy, investing over $180 million in companies, projects and programs.