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Form E-501 - Formal Application For Financing Of An Energy Project For Utilities Serving The General Public Page 2

The total cost of construction and equipment of the energy project is $________________,

consisting of the following costs:

Total

Dollar Amount

Projects

Dollars Amount

Expended to Date

(use current dollars)

In order to meet statutory requirements for the issuance of special purpose revenue bonds, the

Department of Budget and Finance is required to make a determination that the applicant is a

responsible party (by reason of economic assets and experience in the type of enterprise to be

undertaken through the energy project). Items 8 through 13 are included in this application in order

to provide the Department with a basis for making the required determination. If the obligations of

the applicant under the agreement with the Department providing for the financing are to be

guaranteed by a third party, items 8 and 10 through 13 should be answered with respect to such

guarantor as well as the applicant.

Date of incorporation of the applicant and number of years the applicant has been provided

utility services to the general public: _____________________________. Attach certified copy

of articles of incorporation and by-laws of applicant (and guarantor it applicable).

Is applicant's obligation to make payments to the Department under the terms of the proposed

financing to be guaranteed by a third party?

If "yes" specify third party:

10. Attach copies of the audited financial statements of the applicant for the most recent three years.

11. Attach copies of the latest Form 10-K of applicant as filed under the Securities Exchange Act of

1932 and all quarterly reports. In the event any of such reports incorporates any significant

document by reference, such as a proxy statement attach a copy of such document.

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Form E-501 - Formal Application For Financing Of An Energy Project For Utilities Serving The General Public Page 2