Initiative Seeks Project Proposals for More Than 10 Million Tons of Offsets

Portland, OR and Concord, MA, February 12, 2007 - Five power companies are seeking greenhouse gas (GHG) offset proposals for more than 10 million tons of carbon dioxide equivalent emissions sourced from projects within the United States.  The companies are interested in acquiring high quality GHG offsets for compliance with current and future mandatory climate change policies as well as for use to attain corporate emission reduction goals.  This is likely the largest offset acquisition effort to date focused exclusively on the emerging U.S. offset market.

This request for GHG offset project proposals is being released by the U.S. GHG Offset Acquisition Initiative.  The participants in this Initiative are: Conectiv Energy Supply, Inc.; Dominion Resources Services, Inc.; Entergy Corporation; NRG Energy, Inc.; and Public Service Enterprise Group.  Collectively the participants´ annual revenues exceed $60 billion and their total power generation capacity exceeds 100,000 megawatts (MW).

The participants have teamed with The Climate Trust and M. J. Bradley & Associates, Inc. to leverage their respective expertise in the offset market and climate change policy.  The Climate Trust is a non-profit organization that promotes climate change solutions by acquiring high quality GHG offsets and advancing sound offset policy.  M. J. Bradley & Associates, Inc. is a strategic consulting firm that works with a wide range of clients to help them understand and respond to the political, scientific, technical, and business implications of climate change policy.

"The companies participating in this request for proposal are taking a leadership role in the continued development of the offset market," said Mike Burnett, Executive Director of The Climate Trust.

Michael Bradley, Principal of M. J. Bradley & Associates, Inc., added: "A robust and high quality U.S. offset market is critical to achieve cost effective GHG emission reductions.  This Initiative will serve as a catalyst towards that goal."

To reflect the national scope of the anticipated offset purchases, the RFP consists of two "windows" through which project applicants can propose offset projects.

• The first window is for projects that will generate offsets intended for use in the Regional Greenhouse Gas Initiative (RGGI).  The companies are interested in projects in any of the five eligible project sectors as well as any project located in a RGGI-participating state, regardless of sector.  The states currently participating in RGGI include: Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont.  RGGI eligible sectors include: landfill gas capture and destruction, manure methane capture and use, reduction of SF6 emissions in the electricity transmission and distribution sector, end use fossil fuel efficiency in the commercial and residential sectors, and afforestation.

• The second RFP window is for projects that do not fall within the RGGI offset sectors and are located outside of a RGGI state.  The Initiative participants are interested in a wide variety of U.S. based GHG reduction opportunities and project applicants of all types are encouraged to submit a proposal under the RFP.

It is anticipated that the process of selecting projects and finalizing emission reduction purchase agreements will be completed by February 2008.  The Initiative will look to expedite this schedule when feasible.

Additional details on the RFP including the submission forms are available on The Climate Trust´s website at www.climatetrust.org/solicitations_2007_RFP.php