Company A

Number of Sites                                                 80
Annual kWh's 31,985,000
Start Month Nov-09
Type Fixed

Budget Target Commodity Price per kWh         $0.060000
Current Wires Cost per kWh $0.014022
$0.074022

Rank 1 2 3 4
REP E 100% REP E 100% REP D 25% REP E 100%
Usage/kWh     Last Contract     12 24 29                36
Nov                  2,500,000 $185,055 $177,805 $196,580 $203,680 $205,755
Dec 2,275,000 $168,400 $161,803 $178,888 $185,349 $187,237
Jan 2,275,000 $168,400 $161,803 $178,888 $185,349 $187,237
Feb 2,100,000 $155,446 $149,356 $165,127 $171,091 $172,834
Mar 2,450,000 $181,354 $174,249 $192,648 $199,606 $201,640
Apr 2,500,000 $185,055 $177,805 $196,580 $203,680 $205,755
May 2,885,000 $213,553 $205,187 $226,853 $235,047 $237,441
Jun 3,000,000 $222,066 $213,366 $235,896 $244,416 $246,906
Jul 3,250,000 $240,572 $231,147 $255,554 $264,784 $267,482
Aug 3,200,000 $236,870 $227,590 $251,622 $260,710 $263,366
Sep 2,800,000 $207,262 $199,142 $220,170 $228,122 $230,446
Oct 2,750,000 $203,561 $195,586 $216,238 $224,048 $226,331
Total 31,985,000 $2,367,594 $2,274,837 $2,515,045 $2,605,882 $2,632,429
Fixed price = Monthly kWh x ( Fixed price + TDSP wires cost)

Impact to Last Contract Over Term                   $(92,757)     $147,451      $238,288      $264,836      

Current Contract Bids:

Type          Fixed
Min of Calculated Price       Bidder

Period      Gas Price             REP A          REP B 10%       REP C 10%       REP D 25%       REP E 100%

12             6.5509                  0.06798       0.06995              0.0656856         0.06401             0.0571
24             6.8225                  0.0719                                    0.0696978         0.06693             0.06461
29             6.9528                                                                                           0.06745
36             6.9486                  0.07467                                  0.0697606                                   0.06828.

For additional information regarding this or other subjects, please contact us.

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File: Forward Energy Bid Analysis This document has been prepared solely for information purposes, and shall not be reproduced without prior written permission from Forward Energy Group, LLC. All rights reserved.