The Corporation has been awarded a 20-year fixed price EPA with BC Hydro for the 144 MW Dokie I Project at Dokie Ridge. BC Hydro (S&P: AA+, Moody’s: Aaa, DBRS: AA(high)) is a provincial crown corporation and the largest electric utility in British Columbia, serving more than 1.6 million customers. The Dokie I Project is located approximately 150 kilometres southwest of Fort St. John. Dokie Ridge is located adjacent to the 500 kVand 230 kV transmission lines which originate at the Bennett Dam. The site has established transportation access via existing provincial roads, logging roads and rail corridors.

The Grand Valley Project is situated near Grand Valley, Ontario, approximately 15 km west of Orangeville, Ontario, and is expected to have the development potential for an installed capacity of up to 40 MW of renewable energy. Grand Valley was awarded three Standard Offer Contracts in January 2007 by the OPA for a total potential windpower capacity of 30 MW. Grand Valley has good access to transmission, roads, and rail.

Located adjacent to the Dokie I Project, the Dokie Expansion Project represents the remaining 156 MW potential windpower capacity of the Dokie Project which has secured Crown land tenure and was awarded a B.C. Environmental Assessment Certificate in August 2006.

The Wartenbe Project is located in the Peace Region of northeast British Columbia approximately ten kilometres southeast of the town of Chetwynd and has a potential windpower capacity of 70.5 MW. The Wartenbe Project has received a provincial Environmental Assessment Certificate and has obtained Land Tenure.

The Bonavista Wind Power (“Bonavista”) project is situated near Burnt Ridge, Newfoundland and Labrador, and management believes it has a potential windpower capacity of up to 45 MW. Bonavista has been developed to the extent that it is ready to bid for a PPA from Newfoundland and Labrador Hydro. A bid was placed in August 2006, but Bonavista was not successful in obtaining a PPA. In October 2006, Bonavista was able to re-submit its bid for a PPA; however, it was again unsuccessful in obtaining a PPA. Limited work will occur on this project until the next PPA bid, which is expected to occur later in 2007. Management believes that the Bonavista project continues to be one of the most attractive windpower projects in Newfoundland and Labrador. Management believes that Bonavista’s bids to obtain PPAs have been at prices that are economically viable to proceed with construction of the project. Other bidders have successfully obtained PPAs at lower prices; however, no projects have as yet gone into construction in Newfoundland and Labrador. Over three years of onsite wind data have been collected with respect to the Bonavista project with the first mast installed in 2002. There are presently two masts on site. The project is situated on Crown Land; however, leases with the Government of Newfoundland and Labrador cannot be finalized until a PPA has been awarded for the project.

The Windrise Power (“Windrise”) project is situated near Fort Macleod, Alberta, approximately 40 km east of the Rocky Mountains project and immediately adjacent to Nexen Inc. and Canadian Hydro Developers Inc.’s Soderglen windpower facility. Management believes this project has a potential windpower capacity of up to 99 MW. Windrise has conducted most of the required environmental, wind resource, and engineering studies, including an environmental impact study and an extensive Historical Resource Impact Assessment and has obtained most of the required municipal, transport Canada and NAV Canada approvals. The Historical Resource Impact Assessment constitutes proactive mitigative protective measures which have greatly facilitated long-term conservation of these archaeologically significant sites. Because this project is in a transmission constrained area, its interconnection to the transmission grid is dependent on the construction of a new transmission line by Altalink, L.P., which presently is expected to be completed in 2009.

The Windrise project is situated on privately owned lands on which the Corporation has an option to enter into 20-year renewable leases and to continue wind farm testing and development until 2012. Onsite wind data has been collected since 2002 with three meteorological masts currently installed.

The Benchlands Wind Power (“Benchlands”) project is situated near Tompkins, Saskatchewan, and management believes it has a potential windpower capacity of up to 70 MW. Benchlands filed a bid for a PPA with SaskPower in November 2005. Benchlands was not successful in obtaining a PPA and limited work has or will occur on this project until the next PPA bid, which is expected to occur in fall of 2007. Benchlands signed a PPAwith SaskPower in early 2006 for 5 MW which has since been terminated because it was uneconomical given its small size and high interconnection costs.

The Kelly Lake windpower projects, in proximity to the Kelly Lake Substation, represent an aggregate potential windpower capacity of up to 500 MW. The Corporation holds various IUPs from ILMB for the exclusive investigation and development of these wind resources. The projects are located along the B.C. Interior transmission backbone. These projects are targeted for an environmental assessment application in 2008 and a project from this group may be tendered into the anticipated BC Hydro call for power in 2009.

The three Monte Nicola windpower projects are located in proximity to the Nicola Substation transmission line in the British Columbia interior. With an aggregate potential windpower capacity of up to 200 MW, projects from this group may be tendered into future calls for power. The Corporation holds various IUPs from ILMB for the exclusive investigation and development of these wind resources.

The Buffalo AtleeWind Energy (“Buffalo Atlee”) project is situated near Brooks, Alberta, and management believes it has a potential windpower capacity of up to 200 MW. This site is at an early stage of development. Over the next year, management intends for preliminary development activities to be undertaken, including measuring the wind resource and various environmental and engineering studies.Wind data has been collected on site since the fourth quarter of 2004. High voltage transmission infrastructure runs through the project site. Buffalo Atlee holds an exploratory Crown land permit with a term of four years.

The Corporation holds various IUPs on Northern Vancouver Island and on Trutch Island off the northwestern coast of British Columbia. These windpower projects represent an aggregate potential windpower capacity of up to 450 MW. The projects from this group may be tendered into future calls for power.