Donny Foster's Presentation at MIT/Stanford VLAB Event on The New Stimulus Package: What Does it Mean for the Valley? April 2009

3. “ Never allow a crisis go to waste.” Rahm Emanuel, White House Chief of Staff

4. Breakdown of Dollars …

8. Energy Efficiency and Renewable Energy – Total: $16.8 billion

9. ♦ Electric Delivery and Energy Reliability: $11.0 billion total for Modernization of the electric grid – $4.5 billion specifically for ‘smart grid’ applications; intended to set up digital technologies in the transmission grid that will save energy and costs and facilitate recovery from disruptions – $100 million for worker training –$80 million for detailed resource assessment of future transmission and demand requirements after consultation with FERC

10. Additional Funding Measures ♦ Clean Energy Bonds - Increased authorized principal by $1.6billion - 1/3 for government; 1/3 for public power providers; 1/3 for electriccooperatives ♦ Loan Guarantee Program – $6.0 billion -Aimed at existing Transmission and Renewable Technologies. Administered by DOE Energy Tax Relief and Support ♦ Specific Energy Tax Schemes - Renewable Energy PTC extension $13.143 billion - Temporary substitute election of ITC $285 million - Grants to monetize ITC upfront ♦ General Business Tax relief - Depreciation bonus: $5.074 billion

13. State Fiscal Stabilization Fund $53.6 Billion Formula Governors 48.6 Billion Public Elementary, Secondary, and Institutions of Higher Education 81.8% ($39.8 billion) Education, School Modernization, Public Safety, or other Government Services 18.2% ($650 million) Competitive The Secretary $5 Billion Race to the Top($4.35 billion) What Works and Innovation ($650 million)

15. HHS is committed to a timely implementation. Plans for spending, reporting, auditing, and investigation of fraud and abuse of Recovery funds are being developed and will be made available here. Total Obligated HHS Funds: $27.9 Billion (as of 4/10/09) Total Disbursements: $12.3 Billion (as of 4/10/09)

16. List of Programs for Which Funding Has Been Announced: * Adoption Assistance and Foster Care Programs * Child Care and Development Fund * Child Support Incentives * Community Health Center Program * Community Services Block Grant Program * Comparative Effectiveness Research Funding * Disproportionate Share Hospital Program * Immunization Grants Program * Medicaid and Prescription Drug Funding * NIH Medical Research and Construction Funding * Senior Nutrition Programs * Temporary Assistance for Needy Families (TANF) Programs

17. Funding Overview Transit Total: $8.4 Billion New Starts $742 Million Rail Mod $742 Million Highways & Bridges: $27.5 Billion Intercity & High Speed Rail: $9.3 Billion High Speed $8 Billion Amtrak $1.3 Billion Supplemental Multimodal: $1.5 Billion

18. Funding Overview CDBG $1 Billion Public Housing Capital $4 Billion Neighborhood Stabilization $2 Billion Tax Credit Assistance / HOME $2.25 Billion EDA $150 Million Homeless Assistance $1.5 Billion CDFI $100 Million Lead Hazard Reduction $100 Million Native American Housing Block Grant $510 Million Section 8 $2 Billion Energy Efficiency for Multifamily Housing $250 Million Rural Housing $200 Million