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SRP Signs Biomass Power Contract

February 2005 - Salt River Project (SRP) announced that it is adding wood-fired biomass to the mix of resources used to supply its EarthWise Energy program. Under a 10-year agreement with Snowflake White Mountain Power, LLC, SRP will purchase 10 MW from a 15 to 20-MW wood-fired power plant to be built near Snowflake, AZ in January 2008. At least 80% of the project energy sold to SRP will come from the combustion of Arizona forest thinnings.

Under the SRP program, customers can purchase 100-kWh blocks of renewable energy for an additional $3 per month. Power for the program is supplied from a mix of solar, landfill gas, low-impact hydro, wind, and geothermal resources. Currently, more than 4,500 SRP residential customers have enrolled in the program. SRP management has established a goal of obtaining at least 2% of the utility's retail energy requirements from sustainable sources by 2010.

News Release - SRP to Purchase Energy from New Biomass Plant Wood Fuel is Newest Component of SRP's EarthWise Energy Program - No longer online at www.srpnet.com



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