Unified Energy Services

A unified approach to energy procurement and load management

History of Unified Energy

Unified Energy Group August 2008

In 2005, full production sales of our completely automated real-time price control and demand response system began.

In January of 2008, RTP partnered with Gatekeeper Systems, RTP now called Vexia

In 2000, we filed our first patent in real-time price control, laying a foundation of strong intellectual property.

Patents Production Partnership Expansion

Company History

Acquisition

Tullett Prebon acquires Unified Energy – Unified brand remains

Unified Energy Services History • More than 150 years of combined financial, wholesale, retail, and supply side energy experience • International leader in power purchasing and negotiations

• Specialize in price discovery and timely market assessments simplifying the purchase and management of energy.

• Navigate complex energy markets and buying energy more cost effectively

• Holistic approach to energy procurement, demand side management, demand response and facility management

Unified Energy is acquired by Tullett Prebon

• Tullett Prebon, rated #1 interdealer commodities broker in the world, rated #1 in 25 commodity categories in 2012, and rated #1 in Electricity Products for 2012 http://www.tullettprebon.com/products/prod_energy.aspx

• Tullett Prebon is a public company based out of the U.K. with annual revenue in excess of 1 Billion Dollars. Here is a link to their 2011 Annual Report www.tullettprebon.com/Announcements/.../2012/RA20120731.pdf

International Capabilities of Tullett Prebon

Holistic Energy Management Unified Energy Services

Commodity

Demand Response

Energy Efficiency

Asset Management

Commodity Procurement

Leveraging the Portfolio of Unified Energy

More than 75 Suppliers

Unified Energy Services-Customers

Proprietary Demand Response Shaping Retail to take Advantage of Wholesale

Index Mitigation and Long Position Creation

Proprietary Demand Response The following green and yellow “blocks” above represent the wholesale allocations associated with a daily load profile of a University. Wholesale markets transact in whole megawatts of power in amounts of 7x24 (first number days; second number hours), 5x16, 7x8 and 2x16. If you are on a fixed price product, the retail energy provider buys these blocks for both your load as well as their entire portfolio. You can also buy these blocks on your own in a take-or-pay product. The gray area above shows either what is not hedged, or what reductions can be made to create the long position for the supplier. By implementing the strategy above, we create a voluntary program that you control. Decisions are made based upon specific monetary decisions. Because the program is not ISO based, you cannot be penalized or removed for underperformance or otherwise incorrectly participating. Additionally, there are no base-lines that have to be proven to a third-party, rather we show the hedged load versus the curtailed load and settle based on index prices. You receive 100 percent of the reduction in consumption as a further cost reduction. In order to best determine options for curtailments, our team will meet with the applicable facility management staffs and do due diligence on how the systems and infrastructure integrate. Then round-table with your staff to discuss the options we have found and more importantly which options we may have missed. Opposed to other companies in the demand response space, we know that your team understands your assets better than we do as well as what they can and cannot afford. We encourage their input every step of the way.

Load Profile

Buying Blocks

Buying Blocks

Load Shaping

Demand Response Event

Index Mitigation

Curtail at high index prices and receive share of transparent value Creates value that is a multiple of capacity option payments Customized to customer ability to curtail and to turn retail product into wholesale value

Unified Energy Services Proprietary Demand Response • Voluntary economic demand response program embedded into the commodity procurement agreement • Day ahead notice, *No penalties or time limitations* No obligations to curtail

• Shared compensation programs that work to create long positions for REPs

• Much larger returns than restrictive ISO Programs • Take advantage of the commodity markets when prudent for BAIN, not just for the grid Depending on the selected retail energy provider and the contract put into place, we will create a voluntary program where defined curtailment amounts create transparent, market based compensation back to Bain. Effectively, we create a no-risk long position for the retail energy provider that can be sold back into the index market. The following is a diagram of what we are proposing:

Yellow: Index prices Blue: Hedged load from LSE* Green: New consumption line Gray: Value from selling into Index * Load Scheduling Entity

Financial Structuring

Utilizing Wholesale and Retail Market Margins to Monetize Savings

Wholesale Procurement

• EEI and ISDAs brokerage

• Large and small market makers

• Margins clear within 45 days of contract signing

Immediate dollars available thru the wholesale trades

Retail Procurement

• 75+ suppliers

• Large and small market makers

• Multiple product structures and terms

Immediate savings versus

existing contracts or tariff

Demand-Side Project Work

• Lighting retrofits

• Cogen and solar projects

• ISO and proprietary demand response

Demand reduction projects and

carbon footprint reduction

Wholesale, Retail and Project Work

Disbursement of Funding Via Wholesale Trade

LOA

REP

REP

REP

REP

REP

REP

REP

REP Contract

Executed Contract

UE Paid

Wholesale Margin

Clears in Full within 45 days of contract

UE Paid Monthly by

Winning REP After

Customer Pays Bills

1) Assume 7c/kWh existing contract. Market rate at 5c/kWh. Move to 5.5c/kWh instead of 5c/kWh.

2) Assume 200,000 mWh hedge 3) Include $5/mWh in wholesale hedge 4) Transparent contract between Tullett Prebon and

Bain for increased wholesale margin 5) $1,000,000 to Customer within 45 days of contract

execution…interest-free and unamortized

Customer

Data Management Systems

Budgeting, Bill Auditing, Trend Analyses and more

Energy management is comprehensive,

not singular

Unified Energy

Metering Technologies

Building Automation

Systems

Utility Management & Analysis

Best Practices &

Conservation

Energy Management

Systems

Energy Star Certification

Proactive Cost Saving Strategies

Best Practice Conservation

Initiatives

Energy Management

Organization

Monitoring

Historical Data Comparison

Analysis

Contract Compliance

Full Bill Auditing

Data Services

Exception Processing

Advocacy

Competitiveness & Economic

Development

Renewable Energy &

Sustainability

Public Energy Policy

Utility Rate Case Representation

Spectrum of Unified Energy Services

Tracking Your Budget

Compare Usage and Demand Information

Page � 25

Compare Actual versus Billed Demand

Compare Usage at Multiple Levels

Annual Energy Summary

Benchmarking

Interval Data Reporting

Page � 30

Automated Full Bill Auditing

In 3-5% of bills audited, Unified

finds and resolves issues which in return saves the customer money

Page � 31

Cost Avoidance and Weather Normalization

Page � 32

Monitoring Contract Locks and Pricing

Additional Premium Services

• Tariff analysis • Quarterly reviews • Budgeting • Energy Star registration and

certification • Energy bill payment • Annual review certification • Historical bill audit • Energy policy creation • Sub-metering • Assessment and audit

Unified Energy Data Management Services Results

Natural Gas Midstream Company • Analysis of tariff & other service options • Time of Use tariff savings of $28,000+ per year

Major hospital system • Savings of almost $1M from bill auditing in first year

Large corporation

• Refund of $350,000 from bill auditing the first year

Oil Producer • Integrated bill processing with internal accounting system • Saved 18% due to tariff analysis and correction of invoice calculations • $75,000 Refund due to incorrect metering found

Retail Store chain – 14% Savings w/tariff analysis

• Identified Peak Shaving Strategy • Recommended Tariff Schedule Change

Commodity Procurement

� Consistent and verifiable market settlements

� National footprint for market participation

� Low hurdles for entry into demand response

� Fast installations and market participation

Demand Response

� The ability to shape retail load to match wholesale supply

� Mitigates risk associated with index markets

� Moves beyond energy conservation to synchronize energy use with market prices & events

Energy Structuring

Conclusion

� Unified’s national footprint for electricity and natural gas

� Immediate opportunities for year over year savings and managed planning

� In-depth knowledge of markets leads to better pricing and overall decision making

Thank you for your time and hospitality.

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