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Press Release
May 3, 2005

PacifiCorp, Invenergy Close Idaho Wind Project Deal

Portland, OR — PacifiCorp announced today a power purchase agreement in which it will purchase the output of a 64.5-megawatt wind-powered electric generating project to be built about 10 miles southeast of Idaho Falls, Idaho.

 
The 20-year agreement is between PacifiCorp and a special purpose entity, Wolverine Creek Energy LLC, owned and operated by Invenergy, a developer, owner and operator of power generation and energy delivery assets headquartered in Chicago.
 
“PacifiCorp is very pleased to move forward on this renewable energy project,” said Stan Watters, senior vice president of Commercial and Trading. “Our experience with wind power in recent years has been very encouraging and this project is another great step forward as we continue to increase our renewable resource portfolio consistent with our latest resource plan.”
 
Michael Polsky, president of Invenergy, said: “The Wolverine project is a vitally important part of Invenergy’s wind development program. We are proud to play a key role in PacifiCorp’s renewable energy supply mix. The project also represents an exciting development for the State of Idaho and for Bonneville and Bingham counties.”
Wolverine Creek Energy LLC will construct the project and bear the costs of interconnection with PacifiCorp’s Goshen substation, located approximately 16 miles away. The project is proposed to be in service by Dec. 31, 2005.
 
Site monitoring has produced approximately two years of data to validate the project’s energy potential. Energy output of the project is expected to be 175,000 megawatt-hours annually. A typical residential home uses 8-10 megawatt-hours annually.
 
Wolverine Creek will utilize 43 1.5 megawatt General Electric turbines. Conditional use permits have been obtained from Bonneville and Bingham counties for construction. Environmental analyses have shown no significant issues with this location.
 
The Wolverine Creek project, was selected as part of PacifiCorp’s Request for Proposals (RFP) 2003-B, which was issued Feb. 5, 2004 to acquire up to 1,100 megawatts of cost effective renewable resources. In response to the request, PacifiCorp received more than 50 bids for some 6,000 megawatts of renewable energy projects including wind, geothermal, hydro, solar and biomass. PacifiCorp announced Aug. 16, 2004 it was negotiating with short-listed parties. Wolverine Creek is the first of the RFP bids to move forward. Confidential negotiations with other bidders are continuing.
 
About PacifiCorp
PacifiCorp is one of the lowest-cost electricity producers in the United States, providing more than 1.6 million customers with reliable, efficient energy. The company works to meet growing energy demand while protecting and enhancing the environment. PacifiCorp has more than 8,400 megawatts of generation capacity from coal, hydro, renewable wind power, gas-fired combustion turbines and geothermal. PacifiCorp operates as Pacific Power in Oregon, Wyoming, Washington and California; and as Utah Power in Utah and Idaho.
 
About Invenergy
Invenergy is a developer, owner and operator of power generation assets headquartered in Chicago, Illinois. The company focuses primarily on the development and acquisition of wind energy and natural gas fueled projects. Invenergy has announced wind energy projects totaling 260 MW for installation in the United States during 2005.
 
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For more information contact:
PacifiCorp
newsdesk@pacificorp.com
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