THE“GREENING” OF OUR COMMUNITY<br />Mike Grim<br />Executive Manager – DME Power Supply<br />
Announcement<br />At the direction of the City Council, Denton Municipal Electric is pleased to announce that it has successfully negotiated and executed a multi-year agreement with NextEra Energy Power Marketing, LLC to purchase up to 60 MWs of renewable energy for our customers.<br />This amount of renewable energy constitutes greater than 40% of DME’s energy portfolio on a calendar year basis.<br />
Acknowledgment<br />We thank the City Council for their leadership and foresight in allowing us to pursue this important transaction.<br />
State Ranking in Renewable Usage*<br />Denton’s percentage of renewable energy has now achieved the #1 ranking, among those Texas cities served by a public power utility.<br />This ranking includes the cities of Austin and San Antonio.<br />* According to the Texas Public Power Association <br />
U.S. Ranking in Renewable Usage*<br />Denton, TX <br />Top Ten U.S. Cities<br />Oakland, CA (17%)<br />Sacramento/SF/San Jose, CA (12%)*<br />Portland, OR (10%)<br />Boston (8.6%)<br />San Diego, CA (8%)<br />Austin, TX (6%)<br />Los Angeles, CA (5%)<br />Minneapolis, MN (4.5%)<br />Seattle, WA (3.5%)<br />Chicago, IL (2.5%)<br />*According to SustainLane Government<br /> data 2006/2007<br />
Background<br />Location: Wolf Ridge Wind Farm (northwest of Muenster, Texas) – 75 turbines @ 1.5 MWs<br />Counterparty: NextEra Energy Power Marketing, LLC. <br /><ul><li>Largest renewable energy generator in the U.S.
Owns and operates world’s largest solar facility
Leading producer of hydroelectric power</li></ul>- NextEra will deposit payments made from DME into EarthEra Renewable Energy Trust<br /><ul><li>Directs 100% of all funds toward the development and construction of renewable energy facilities.</li></li></ul><li>Size and Scale<br />