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Sunday, June 13, 2010

CIC Energy Soliciting Illinois generated SRECs

FOR IMMEDIATE RELEASE

CIC Energy Construction Announces Launch of Clean Power Trade Group and Illinois SREC Aggregation Program

(Chicago, IL – June 7, 2010) Chicago-based CIC Energy Construction & Supply announced the launch of its Clean Power Trade Group and solicitation for Solar Renewable Energy Certificates (SRECs) from utility interconnected solar systems located in ComEd’s northern Illinois service territory. Renewable energy certificates, or RECs, represent the legal right to claim the renewable attributes of one megawatt-hour of power generation and are separate from the electricity itself. The certificates are created and tracked through Generation Attribute Tracking System, or GATS, operated by PJM Environmental Information Services. The SRECs aggregated by CIC Energy will be traded and sold to buyers in compliance markets using PJM’s newly launched EnviroTrade Sage platform. Compliance markets are used by electricity suppliers to satisfy their state mandated renewable energy requirements and command premium dollars as non-compliance by an electricity supplier results in an alternative compliance payment (ACP), a hefty penalty payment which is set by state legislators and enforced by utility regulators.

Illinois solar system owners located in ComEd’s transmission territory are asked to enroll in CIC Energy’s SREC Aggregation Program. ComEd does not have to be the customer’s retail electricity supplier. Once enrolled, CIC Energy’s Clean Power Trade Group will manage and facilitate the sale of SRECs on a market based platform. The sale price of SREC is determined by several factors including market supply and demand, ACP values, and additional regulatory penalties for non-compliance. Solar systems enrolled in CIC Energy’s SREC Aggregation Program will enjoy monthly payment above and beyond the electricity costs being offset by the solar system. Revenue derived from SRECs will be deposited into the customer’s account each month via direct deposit.


About CIC Energy Construction & Supply, LLC

CIC Energy Construction & Supply, LLC is a Chicago-based Energy Service Provider, licensed general contractor, and registered SREC aggregator/broker on PJM GATS-EnviroTrade, and proud member of Environmental Market Association. CIC Energy specializes in commercial and industrial scale renewable energy applications and energy management solutions. By using the latest in innovative technology, employing best practices, and offering cost-effective integrated service, CIC Energy delivers results that simultaneously meet environmental, economic, and social objectives. Visit CIC Energy Construction at www.cicenergyconstruction.com.

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