“The Spark”

(www.epa-mc.com 973) 285-3352 F (914) 381-6303 August 6, 2010

EPA MEMO-Cogen’s Energy Price Commentary & Technical Research
atural Gas & Electricity

Natural gas declined 13.9 cents (2.9%) to nearly a new 2 week closing price low at $4.598 yesterday as the gas market shrugged off a smaller than expected storage injection of 29 Bcf last week. Gas prices ranged from a high at $4.825 down to a new 8 day low at $4.556 as the gas market once again attempts to halts its slide away from this week’s earlier new 6 week high near $5.00 while it balances the remaining weeks of this summer’s cooling season and the upcoming most active part of the hurricane season against ample supplies of gas and an uncertain economic outlook. We continue to recommend variable rate energy products in this environment. EPA MEMO-Cogen is now listed on Twitter! Please feel free to follow us @EPAMc
Natural Gas Strip 6 Month 12 Month 24 Month PJM Electric Strip 6 Month 12 Month 24 Month NJ SREC 2010 2011 Current Price* 4.89 4.94 5.16 Current Price 5.14¢ 5.13¢ 5.23¢ Current Price $677 $639.30 Natural Gas 1 Year Strip

This Newsletter is authored by Michael E. Mollin. The information contained herein is believed to be reliable, however, Energy Portfolio Associates ("EPA") and M.ichael e. Mollin do not warrant it's completeness or accuracy. Quotes are estimates and are not guaranteed by either EPA or MEM. Neither EPA or MEM is acting as your advisor and the decision to proceed with any transaction rest solely with you. Copyright 2010, M.E. Mollin & Company, LLC

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