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CONNECTICUT CLEAN ENERGY FUND ANNOUNCES “PROJECT 100” FORUM

Public Forum scheduled for Legislative Office Building in Hartford.

Rocky Hill, CT (October 29, 2004)—The Connecticut Clean Energy Fund (CCEF) announced today that the inaugural “Project 100” forum is scheduled for November 16, 2004 at 1:00 p.m. at the Legislative Office Building, 300 Capitol Avenue, Hartford, CT 06103.

The “Project 100” is a new CCEF initiative supporting landmark legislation promoting the development and funding of clean energy resources in Connecticut. This legislation creates an opportunity for clean energy developers, manufacturers and financiers to advance clean energy development projects. The CCEF initiative is the result of Connecticut legislation that mandates local electric distribution companies to enter into power purchase agreements for no less than a 10-year period from Class I renewable energy resources. The legislation calls for the contracting of a minimum of 100 MW of clean energy resources by July 1, 2007.

The forum will be the first opportunity for interested parties to comment on a draft Request For Proposal (RFP) to be released prior to the forum. The forum is targeted to developers, financiers, manufacturers, and municipalities and the public is welcome. CCEF previously announced that those interested in obtaining the RFP should visit the Connecticut Clean Energy Fund’s website at www.ctcleanenergy.com for an Expression of Interest form or may contact CCEF at 860-563-0015.

“Project 100”creates an unprecedented opportunity for developers, manufacturers, banks and institutional lenders to invest in and construct clean energy generation facilities,” said Lise Dondy, COO of the Connecticut Clean Energy Fund. “The legislation is designed to encourage the financing of clean energy projects, and increase the supply of clean energy for Connecticut.”

“The Department of Public Utilities is working in cooperation with Connecticut Light and Power, United Illuminating, and the Connecticut Clean Energy Fund to successfully implement the legislation,” said Dondy.

The Connecticut Clean Energy Fund invests in technology to support the creation of supply from renewable sources and fuel cells in order to strengthen Connecticut’s economy, protect community health, improve the environment, and promote a secure energy supply for Connecticut. The Fund, financed by a surcharge on ratepayers’ electric utility bills, is administered by Connecticut Innovations.

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Contact: Karen Mendes (860) 563-0015
Website: www.ctcleanenergy.com