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GE ONIMU <br />ENERGY <br />The City of Hugo - Solar Rewards Cost Savings Analysis <br />Lottery Results <br />March 8, 2016 <br />XCEL ENERGY SOLAR* REWARDS PROGRAM OVERVIEW <br />In 2013, Minnesota State legislation directed Minneapolis-based utility, Xcel Energy, to create a program for <br />community solar gardens (Minnesota Statute # 216b.1641). Xcel named the program the Xcel Energy <br />Solar*Rewards Program, and it is overseen by the state's Public Utilities Commission. A community solar garden is <br />a centralized, shared solar project connected to the energy grid that has multiple subscribers. Each subscriber <br />receives a credit on their Xcel Energy electric bill based upon the production of the solar facility and their <br />subscription share of that facility. <br />Xcel Energy Program Rules (apply to all community solar garden developments) <br />Eligible gardens are up to 1 MW, and up to five gardens may be located next to one another, <br />• The program is limited to Xcel Energy customers in the state of Minnesota. <br />• Subscribers must be located within the same county, or within an adjacent county, to the subscribed solar <br />garden location(s). <br />Each subscriber may be allocated up to 40% of a single community solar garden. <br />• There is a minimum requirement of 5 subscribers per solar garden. <br />ABOUT GERONIMO ENERGY <br />Geronimo Energy is a North American utility -scale wind and solar development company based in Minneapolis, <br />Minnesota. Geronimo has developed over 1,500 megawatts of contracted wind farms and solar projects <br />throughout the United States and has a pipeline of projects that boast an aggregate nameplate capacity exceeding <br />3,000 megawatts of clean energy -- roughly enough to power one million American homes. Geronimo solar <br />projects provide clean electricity to utilities and other large energy consumers. Recent Geronimo Energy solar <br />developments include the multi -store Slumberland Furniture installation and the internationally recognized Aurora <br />Utility -Scale Distributed Solar Generation Project. <br />Geronimo's current community solar garden (CSG) subscribers span a variety of industries and geographic <br />locations and include non -profits, colleges and universities, corporations, government agencies and residential <br />units. Presently, Geronimo serves residential customers through its executed subscriptions with our non-profit, <br />education and government organizations, which together make up nearly half of Geronimo's CSG subscription <br />base. <br />GERONIMO ENERGY'S COMMUNITY SOLAR GARDENS <br />Geronimo Energy is actively working with and seeking subscribers. Like all Minnesota community solar garden <br />developments, the energy produced by Geronimo's solar gardens will be delivered to Xcel's local distribution <br />system under Xcel Solar*Rewards Community program. <br />Together with its finance partner, Geronimo provides a complete set of services to guarantee a superior level of <br />service and reliability for subscribers. Subscribers under Geronimo's community solar garden program are ensured <br />smooth implementation and operation of community solar garden projects, including subscription management, <br />real-time solar production monitoring, and lifetime maintenance and facility upkeep. <br />7650 EDINBOROUGH WAY, STE 725, EDINA, MN 554351 P 952.988.9000 J F 952.988.9001 <br />www.geronimoenergy.com <br />