For Immediate Release

New York, NY and Houston, TX—July 13, 2006—A mandatory Greenhouse Gas regime is likely coming to America sooner than thought as Corporate America and Wall Street, particularly electric utilities, are calling for regulatory certainty in investing in new plant and equipment. Companies such as Southern California Edison, AEP, Duke Energy, and Xcel Energy are out in front of the curve. A U.S. carbon regime is now a certainty. It's time to get the rules in place so industry can respond. The question is, are you ready and do you understand what impact this potential development will have on your corporation?

UtiliPoint International and Global Change Associates announce a new multi-client study to address these issues and to provide guidance to corporate America and particularly, electric utilities, on what the impact of a mandatory greenhouse gas regime will be. It will examine market opportunities, market sizing, regional and national markets, project finance opportunities and review how prepared the industry really is.

"It seems likely that the United States will have its own mandatory greenhouse gas regime legislated sometime in 2007, but it won't be part of Kyoto. Since U.S. companies are already evaluating their carbon risks and mitigation strategies, it increasingly makes sense to be ahead of the carbon curve now and have a road map to future developments." Peter Fusaro, chairman, Global Change Associates.

For those interested in learning more about this important new study, please contact Mr. Peter Fusaro at peterfusaro@global-change.com or Dr. Gary M. Vasey at gvasey@utilipoint.com.

About UtiliPoint International

UtiliPoint is a leader in providing analysis and consulting services to the energy and utility industry. Our 73-year history and over 500 clients worldwide have led us to currently operate as an energy and utility consulting and issues analysis firm. Our staff is comprised of leading utility and energy experts with diverse backgrounds in utility generation, transmission & distribution, retail markets, mergers and acquisitions, new technologies, venture capital, information technology, outsourcing, renewable energy, regulatory affairs, and international issues.

Visit UtiliPoint at www.utilipoint.com.

About Global Change Associates

Global Change Associates, based in New York (www.global-change.com), is a leading consultancy in energy and environmental commodity risk management. GCA is at the forefront of revealing changes in energy trading and risk management, and has been the market leader in energy trading, energy e-commerce, and Enron competitive analysis studies. Company chairman, Peter Fusaro, has authored six books on energy and environmental trading and will release Energy Hedging in Asia this fall through MacMillan. The company holds the annual Green Trading Summit in New York City.