NACEL Energy signs with Southwest Power Pool for 20 MW Leila Lake Wind Project

16 November 2010 - NACEL Energy Corporation said it has entered into a Feasibility Study Agreement with Southwest Power Pool, Inc. (SPP) to assess the impact of connecting the Company's 20 MW Leila Lake wind power generation project to the electric grid. The completion of this study could lead to the signing of a formal interconnection agreement with SPP.

As NACEL Energy previously advised two weeks ago, it has submitted a comprehensive bid, with the input of a tier one wind turbine manufacturer, for the supply of 20 MW of power from Leila Lake to American Electric Power Service Corporation (AEPSC), a subsidiary of American Electric Power Company of Columbus, OH, one of the nation's largest electric utilities. AEPSC has received NACEL Energy's bid documents and is expected to announce its short list decision March 1, 2010.

The Company cautions further milestones remain to be undertaken and completed at Leila Lake prior to project commissioning (operations). Such milestones include signing the aforementioned formal interconnection agreement with SPP, negotiating a power purchase agreement and arranging construction and turbine (debt) financing.

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