Clean Coal Initiative at the Summit Anthracite Facility

Clean Coal Initiative at the Summit Anthracite Facility Schuylkill County Proposed Site at Summit Anthracite Mine Wilkes University October 29, 2007

Agenda ² US Coal Reserves ² Partners ² Technology ² Site ² Project Options ² Impact (Economic & Environmental) ² Progress ² Questions

US Coal Reserves

US Coal Reserves

Select History of Gasification Projects Client Country Gasifiers Coal Input (tpd) Main Products Syngas/Chemicals MWe EPIC USA* 5 1, 000 Sasol II RSA 40 30, 000 Liquid Fuels 2, 680 Sasol III RSA 40 30, 000 Liquid Fuels 2, 680 Great Plains USA 14 16, 000 SNG 830 CNTIC PR China 4 1, 080 Ammonia 140 Steag AG 1 Germany 5 1, 560 Electric Power 170 British Gas 1 GB 4 580 Town Gas 65 British Gas 1 GB 5 820 Town Gas 90 Ruhrgas AG 1 Germany 6 940 Town Gas 100 British Gas 1 GB 2 350/500 Fuel Gas 50/80 SVZ Germany 1 1, 000 138 92, 080 Power, Methanol *Over EPIC designed gasifiers operate in China. At least 50 run on Anthracite! 1, 200 140

Typical Gasifier Operations: Much CLEANER Than burning coal EPIC Air. Blown

Coal Gasification Process

Future NEPA Project: Map I e in M te Si

Future NEPA Project: Map II

Future NEPA Project Options ² Option #1: 140 MW Clean Power Project ²$300 Million investment ²$68 Million annual revenue ² 450 k tons anthracite required annually ² Option #2: 60 MMSCFD SNG Project ²$550 Million investment ²$120 Million annual revenue ² 1 Million tons anthracite required annually

Future NEPA 60 MMSCFD Coal to SNG Project Optional Chemicals BGL

Mass Balance - SNG

Future NEPA 140 MW Coal to Power Project GE 7 E A SUMMIT MINE EPIC EXPORT

Mass Balance - Coal to Electricity

Economic Impact on the Community Investment in Schuylkill County $400 mm Construction Jobs 200 @ $50 K $10 mm Cluster Jobs 75 @ $50 K $3. 5 mm Permanent Jobs 150 @ $50 K $7. 5 mm Property Tax Base: $400 mm Annual Revenue: $100 mm $XX mm

Progress ² 140 MW Clean Power Project ²Binding Term Sheet for plant and technology ²Turnkey EPC commitments ²Mass - Balance Report ²Successful coal tests, prelim emission report ² 60 MMSCFD SNG Project ²Mass - Balance Report ²Successful coal tests, prelim emission report

Questions Discussion / Questions