I. INTRODUCTION

Distributed Power, Inc. (formerly, The New World Power Corporation) ("DPI" or the "Company") is an independent power producer that focuses on distributed power solutions. The Company sells electrical capacity and energy to industrial and commercial customers under long-term power purchase agreements ("PPA's").

The Company is organized as a holding company. Each electric power generating facility or discreet group of facilities is owned by a separate corporate entity. Executive management, legal, accounting, financial and administrative matters are provided at the holding company level. Operations are conducted at the subsidiary level.

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