Claremont Energy

INVESTMENTS

Claremont Energy Fund I, LP
Claremont Energy closed its inaugural investment fund in September 2004. This fund was a Delaware limited partnership named Claremont Energy Fund I, LP. The fund was fully invested in two 10 MW natural gas-fired cogeneration power plants located in Rupert and Glenns Ferry, Idaho. The fund sold its portfolio in December 2005 and was subsequently liquidated.

Claremont Energy Fund II, LP
Claremont Energy closed its second investment fund in May 2005. This fund, named Claremont Energy Fund II, LP, is a Delaware limited partnership that provided venture capital to Tierra Energy of Austin, Texas. At the time, Tierra Energy was developing a portfolio of wind and natural gas assets throughout the United States. In November 2005, Fund II sold a portion of its Tierra equity to Energy Investor Funds ("EIF") in connection with EIF's acquisition of a controlling interest in Tierra. Fund II transferred its remaining Tierra equity to EIF in May 2007 following the sale of Tierra's wind assets to a subsidiary of Duke Energy.

Claremont Energy Fund III, LP
Claremont Energy established its third investment fund, Claremont Energy Fund III, LP, in January 2007. Fund III is a Delaware limited partnership that made a follow-on investment in Ampersand California Biomass Fund I, LLC, an investment fund of Ampersand Energy Partners. The Ampersand fund provided pre-financing development capital for two 12.5 MW wood-fired biomass power plants in Northern California (El Nido and Chowchilla II). Ampersand is managing the refurbishment project with the assistance of Claremont personnel. The refurbishment budget is approximately $40,000,000.

CONSULTING

Claremont Energy has provided M&A advisory and financial modeling services to several clients, including ArcLight Capital Partners, Texas American Power, and Centerstone Energy Partners.