Expertise and Track Record

New Energy Opportunities commenced operations in December 2000. NEO has:

• Served, or is serving as, Independent Evaluator, Independent Consultant or Independent Observer in competitive procurements in Delaware (all-source procurement from new generation facilities), Hawaii (renewables RFP), California (renewable RFPs, as a subcontractor), Oklahoma (2008 Oklahoma Gas and Electric Company Wind RFP, as a subcontractor), and other states. In these capacities, NEO has been intimately involved in RFP design issues, bid evaluation methodologies and applications, and a variety of contract negotiation issues.
• Advised a Massachusetts town in the development and implementation of a competitive procurement process resulting in the lease of town land to a wind project developer and an agreement to purchase power.
• Advised the Massachusetts Department of Energy Resources regarding the development of a RFP process with four electric distribution companies for the purchase of energy and renewable energy certificates from renewable energy projects under long-term contracts.
• Conducted a competitive procurement for long-term system power, resulting in a 12-year contract that facilitated a successful workout for a client in default under its loan obligations.
• Advised private client in negotiations regarding the sale of a fully developed wind project to a Midwestern electric utility in association with a turbine supply and engineering, procurement and construction agreement.
• Submitted testimony and/or reports in proceedings before the California Public Utilities Commission, Delaware Public Service Commission, Oklahoma Corporation Commission, and the Quebec Régie de l'énergie on matters pertaining to competitive procurement processes, approval of proposed long-term power purchase agreements, standard offer procurements, power contract restructurings and related matters.
• As part of a team, advised the New York State Energy Research and Development Authority (NYSERDA) in the development of the RFPs and standard attribute purchase agreements for the first two rounds of NYSERDA's program for procuring renewable energy attributes to implement New York's Renewable Portfolio Standard.
• Provided due diligence, marketing strategy and negotiation assistance regarding the development of a variety of electric generation projects, including

• wind energy, solar and natural gas projects
  
• commercial demonstration projects

• Closed a major power contract restructuring involving a debt swap, power contract buydown, and assignments of power contracts and a gas swap.

The expertise of NEO's principal, Barry Sheingold, lies principally in developing and tenaciously implementing strategies for the purchase and sale of energy products under long-term contracts to support the financing of new power plants and other energy-related assets and in the oversight of competitive procurement processes. Mr. Sheingold has over 30 years of energy transaction and regulatory experience, working as an energy consultant, a power marketer, power plant developer, energy lawyer, and regulator. He was an early mover and executive of Citizens Power LLC, the pioneering U.S. power marketing company, where he served as Senior Vice President in various business functions after having served as General Counsel. His work focused on the structuring and negotiation of long-term energy sales agreements to support construction of, or major modifications to, power plants and the restructuring of existing long-term contracts, all of which involved project financing. Mr. Sheingold has repeatedly developed innovative, successful solutions in emerging or niche markets, contributing to successful business results. At Citizens Power, he:

• Created substantial added value through restructuring long-term power and fuel contracts held by Citizens Power and affiliates

• Played a lead role in negotiating a multi-party 20-year fuel supply contract and pollution control services agreement for modification of a 1,600 MW power plant—the contracts were tailored to support $500 million in financings

• Played a major role in structuring winning competitive bids and non-bid proposals for power plant developer clients

• Developed the first electric utility/power marketer co-marketing relationship in United States, which transitioned into a long-term power sale supporting the first third-party restructuring of an above-market contract between a utility and a non-utility generator

• Helped create the Citizens Power precedent at the Federal Energy Regulatory Commission for market-based regulation of power marketers and independent power producers

Mr. Sheingold has made numerous presentations at industry conferences and authored papers on renewable portfolio standards and implementation issues, the relationship between electric industry restructuring, long-term contracting and financing of renewable power plants, and the role of state clean energy fund programs in private sector financing of renewable energy projects.