Red Rock is currently working on three development opportunities in the Northeast – Zone J/ZoneK/PJM. They represent a total of 600 MWs. Red Rock will enter into long term power purchase agreements for the output of each of the plants.

Red Rock announced on February 10, 2004 it completed the construction financing of the Village of Freeport Unit II Electric Generating Station by securing the financial participation of Harbert Corporation.

The power plant was declared commercial on July 1, 2004 to support the Long Island Power Authority’s summer 2004 peak load requirements. Red Rock sees this project as a validation of its continued success in the turbulent energy and power industry.

The Village of Freeport Unit II is a 47 MW gas-fired General Electric LM6000 SPRint generating station located adjacent to the recently completed Freeport Electric owned and operated sister unit. A long-term energy tolling agreement has been entered into with Long Island Power Authority and will support the long-term project financing of the facility.

Red Rock’s team was ably assisted on engineering and technical matters by the Long Island based power consulting firm DJ Kettler & Associates and by project counsel King & Spalding LLP.

Inquiries regarding this development should be directed to David Smith, Managing Director at david@rrpower.com.