Holy Cross Energy CREA Energy Innovations Summit Community Solar

1. Holy Cross EnergyCREA Energy Innovations SummitCommunity Solar Del Worley CEO October 28, 2013

2. About Holy Cross • Generation and Distribution Cooperative • 55,000 meters • Located in the West Central Mountains of Colorado • Serve the Aspen and Vail Ski Areas • Own 60 MWs of Generation and Purchases the rest – Mostly from Public Service Company of Colorado • Winter Peaking (250+MWs vs. 150+ MWs Summer)

3. History (why are we doing what we are doing in the renewable arena??) • Coops are Consumer Companies and are governed locally • Consumer Surveys • 2003 • Amendment 37 • 2007 • 2009 • 2012 • 2004 • Established the WECARE Program (With Energy Conservation and Renewable Energy) • Set a goal of 20% renewable energy by 2015 • 2012 set a goal of an annual reduction of 2.5% of annual sales through EE measures at the end of 5 years

4. A few Facts • 2% surcharge to consumers bill to used primarily for EE and renewable rebates plus administration costs • Renewable energy premiums are passed through the monthly Power Cost Adjustment • Small Distributed generation • 416 net metered systems (2,600 kW) mostly solar • 5 hydro systems (200 kW) delivering power to utility • 1 MW solar array under a PPA – Rifle area • 1 MW community solar – Rifle & Basalt

5. A few Facts continued • Large Distributed Generation • 3 MW of coal mine vented methane generation • Located near Paonia, Colorado on Delta-Montrose’s distribution system and then wheeled to our system • 10 MW Biomass generation • Located in Gypsum, Colorado • Fueled by waste forest products (beetle kill) • Due online mid December of this year • After the Biomass Plant comes on-line Holy Cross will meet its 20% renewable goal

6. Pending projects • 2012 PV RFP • Bids limited to 300 kW/site, Sites limited to Roaring Fork & Eagle valleys • 3 bids selected for development • 2 near Eagle, CO • 1 near Carbondale, CO • 800 kW total, PPA negotiations ongoing • In service by the middle of 2014

7. Holy Cross and Clean Energy CollectiveCommunity Solar Gardens • Entered into an agreement in April 2010 to allow Holy Cross Members own solar generation in a Community Solar Garden • Purpose was to offer a choice to Members who did not want or could not put solar on their home or business • Created a model that would offer similar economics as net metering including rebate options

8. Clean Energy Collective is single counterparty • Responsible for O&M, calculating bill credits • 20 year PPA with option to extend • Developer has right to add capacity up to a contract maximum before a cutoff date • Payments made to array owners via monetary credit on electric bill – avoids virtual net metering • Ownership limited to current HCE members • Any excess money carried forward to future bills • All Renewable Energy Credits included in purchase www.EasyCleanEnergy.com

9. Community Solar Gardens • Mid Valley Solar Array • 340 panels • 78 kW capacity • 19 owners • On-line August 2010 • Garfield County Airport Solar Array • 3,575 panels • 858 kW Capacity • 142 owners to date • On-line June 2011 Photos courtesy of Clean Energy Collective

10. Questions??