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<title> Renewable Energy Tax Law Alert: Production Tax Credits and Investment
Tax Credits Extended</title>
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<p class=MsoNormal><span style='color:blue'>FYI…<o:p></o:p></span></p>

<p class=MsoNormal><span style='color:blue'><o:p> </o:p></span></p>

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<p class=MsoNormal><b><span style='font-family:"Constantia","serif";color:black'>Roger
Dixon<o:p></o:p></span></b></p>

<p class=MsoNormal><b><i><span style='font-family:"Constantia","serif";
color:black'>Certified Wind Site Assessor<o:p></o:p></span></i></b></p>

<p class=MsoNormal><b><span style='font-family:"Constantia","serif";color:black'>Skylands
Renewable Energy, LLC<o:p></o:p></span></b></p>

<p class=MsoNormal><b><span style='font-family:"Constantia","serif";color:black'>908.337.2057
cell<o:p></o:p></span></b></p>

<p class=MsoNormal><b><span style='font-family:"Constantia","serif";color:black'>908.730.6474
fax<o:p></o:p></span></b></p>

<p class=MsoNormal><b><span style='font-family:"Constantia","serif";color:black'>roger.dixon@att.net<o:p></o:p></span></b></p>

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<p class=MsoNormal><span style='color:blue'><o:p> </o:p></span></p>

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<p class=MsoNormal style='margin-left:.5in'><b><span style='font-size:10.0pt;
font-family:"Tahoma","sans-serif";color:windowtext'>From:</span></b><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:windowtext'>
Stoel Rives LLP [mailto:stoel_rives@stoel.com] <br>
<b>Sent:</b> Friday, October 03, 2008 6:07 PM<br>
<b>To:</b> Roger G. Dixon<br>
<b>Subject:</b> Renewable Energy Tax Law Alert: Production Tax Credits and
Investment Tax Credits Extended<o:p></o:p></span></p>

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<p class=MsoNormal style='margin-left:.5in'><o:p> </o:p></p>

<p align=center style='margin-left:.5in;text-align:center'><span
style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>If you have
difficulty viewing this email, please click here:<br>
<a
href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/45a690f1b08a9cd2/88cd171125a4d226/roger.dixon@att.net">http://www.stoel.com/alerts/renewableenergy_Oct2008.html<o:p></o:p></a></span></p>

<p align=center style='margin-left:.5in;text-align:center'><o:p> </o:p></p>

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    <p><img border=0 width=644 height=99 id="_x0000_i1025"
    src="http://www.stoel.com/images/graphics/alert_header_top.jpg"><o:p></o:p></p>
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      <p class=MsoNormal><span style='font-size:13.5pt;font-family:"Helvetica","sans-serif"'>Renewable
      Energy Tax Law Alert<o:p></o:p></span></p>
      <p><span style='font-size:13.5pt;font-family:"Helvetica","sans-serif"'>Production
      Tax Credits and Investment Tax Credits Extended<o:p></o:p></span></p>
      <p><b><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>October
      3, 2008 </span></b><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'><o:p></o:p></span></p>
      <p><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>Today
      the House passed, and President Bush signed into law, H.R. 1424, which includes
      the Energy Improvement and Extension Act of 2008 (the Act). The Act
      contains the much-anticipated extension of the production tax credit
      (PTC) and investment tax credit (ITC) sunset dates.<o:p></o:p></span></p>
      <p><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>The
      Act extends the PTC placed-in-service sunset date for certain wind and
      refined coal facilities until December 31, 2009, and extends the PTC
      placed-in-service sunset date for certain other qualifying facilities
      until December 31, 2010. The Act also expands the PTC to include certain
      marine and hydrokinetic renewable energy facilities placed in service on
      or before December 31, 2011.<o:p></o:p></span></p>
      <p><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>The
      Act extends the ITC placed-in-service sunset date for solar, fuel cell
      and microturbine property until December 31, 2016 and expands the ITC to
      include combined heat and power system property, qualified small wind
      energy property, and geothermal heat pump system property.<o:p></o:p></span></p>
      <p><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>In
      addition, H.R. 1424 contains a variety of other renewable energy tax
      provisions, including provisions allowing the energy credit to offset
      alternative minimum tax liability; increasing the amount of the biodiesel
      and renewable diesel fuel credits and extending the sunset dates until
      December 31, 2009; authorizing new clean renewable energy bonds and qualified
      energy conservation bonds; and extending the energy efficient commercial
      buildings deduction and the new energy efficient home credit.<o:p></o:p></span></p>
      <p><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>Please
      feel free to forward this client alert on to others you think may be
      interested. To receive future updates on renewable energy issues,
      including further updates concerning H.R. 1424, please <a
      href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/cb3e3a8547ede519/88cd171125a4d226/roger.dixon@att.net">subscribe
      to our Renewable Energy Mailing List</a>.<o:p></o:p></span></p>
      <p><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>If
      you have further questions, please contact:<o:p></o:p></span></p>
      <div align=center>
      <table class=MsoNormalTable border=0 cellspacing=3 cellpadding=0
       width=451 style='width:270.6pt'>
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        <p class=MsoNormal><b><u><span style='font-size:10.0pt;font-family:
        "Helvetica","sans-serif"'>Portland, Oregon</span></u></b><o:p></o:p></p>
        </td>
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        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>Gary
        Barnum<br>
        Patrick Boylston<br>
        Edward Einowski<br>
        Chris Heuer<br>
        Bill Holmes<br>
        Kevin Pearson<br>
        Nikki Dobay<br>
        Eric Kodesch<br>
        Adam Kobos<o:p></o:p></span></p>
        </td>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'><a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/ee5857668d60501e/88cd171125a4d226/roger.dixon@att.net">grbarnum@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/d14741431a5e3ce4/88cd171125a4d226/roger.dixon@att.net">pgboylston@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/e06a9ff6a2a63a2f/88cd171125a4d226/roger.dixon@att.net">eeinowski@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/c6d7038cec05ac74/88cd171125a4d226/roger.dixon@att.net">ckheuer@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/5dd561a3640fad3a/88cd171125a4d226/roger.dixon@att.net">whholmes@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/f42d6db2604f0674/88cd171125a4d226/roger.dixon@att.net">ktpearson@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/040cb03f4373a3de/88cd171125a4d226/roger.dixon@att.net">nedobay@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/2ab450f2e14f3daf/88cd171125a4d226/roger.dixon@att.net">ejkodesch@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/d8c4a6fad0400709/88cd171125a4d226/roger.dixon@att.net">ackobos@stoel.com</a><o:p></o:p></span></p>
        </td>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>503-294-9114<br>
        503-294-9116<br>
        503-294-9235<br>
        503-294-9206<br>
        503-294-9207<br>
        503-294-9622<br>
        503-294-9885<br>
        503-294-9684<br>
        503-294-9246<o:p></o:p></span></p>
        </td>
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        <td colspan=3 style='padding:.75pt .75pt .75pt .75pt;height:1.8pt'></td>
       </tr>
       <tr>
        <td colspan=3 style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><b><u><span style='font-size:10.0pt;font-family:
        "Helvetica","sans-serif"'>Minneapolis, Minnesota</span></u></b><o:p></o:p></p>
        </td>
       </tr>
       <tr>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>Mark
        Hanson<br>
        Ronald McFall<br>
        David Quinby<br>
        Joe Thompson<o:p></o:p></span></p>
        </td>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'><a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/ce9542d2580554e6/88cd171125a4d226/roger.dixon@att.net">mjhanson@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/92be8c84f9d269f3/88cd171125a4d226/roger.dixon@att.net">rdmcfall@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/6d8068cecc30d7ce/88cd171125a4d226/roger.dixon@att.net">dtquinby@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/6005f02ac1cdef8d/88cd171125a4d226/roger.dixon@att.net">jthompson@stoel.com</a><o:p></o:p></span></p>
        </td>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>612-373-8823<br>
        612-373-8807<br>
        612-373-8825<br>
        612-373-8822<o:p></o:p></span></p>
        </td>
       </tr>
       <tr style='height:1.8pt'>
        <td colspan=3 style='padding:.75pt .75pt .75pt .75pt;height:1.8pt'></td>
       </tr>
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        <td colspan=3 style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><b><u><span style='font-size:10.0pt;font-family:
        "Helvetica","sans-serif"'>Salt Lake City, Utah</span></u></b><o:p></o:p></p>
        </td>
       </tr>
       <tr>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>Mark
        Astling<br>
        Julia Pettit<o:p></o:p></span></p>
        </td>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'><a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/791b5efdd377e9f7/88cd171125a4d226/roger.dixon@att.net">mlastling@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/d1e5daf4e323c6f4/88cd171125a4d226/roger.dixon@att.net">jrpettit@stoel.com</a><o:p></o:p></span></p>
        </td>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>801-578-6983<br>
        801-578-6958<o:p></o:p></span></p>
        </td>
       </tr>
       <tr style='height:1.8pt'>
        <td colspan=3 style='padding:.75pt .75pt .75pt .75pt;height:1.8pt'></td>
       </tr>
       <tr>
        <td colspan=3 style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><b><u><span style='font-size:10.0pt;font-family:
        "Helvetica","sans-serif"'>Seattle, Washington</span></u></b><o:p></o:p></p>
        </td>
       </tr>
       <tr>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>David
        Benson<br>
        Carl Lewis<br>
        Cherise Oram<br>
        Erin Toland</span><o:p></o:p></p>
        </td>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'><a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/788dbb02c59d804d/88cd171125a4d226/roger.dixon@att.net">dlbenson@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/6f761ca7da691a92/88cd171125a4d226/roger.dixon@att.net">cslewis@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/bc4a56ea9d5998b3/88cd171125a4d226/roger.dixon@att.net">cmoram@stoel.com</a><br>
        <a
        href="http://www.icebase.com/go2.shtml?t3hM6wXmZEjCAlND/bed42858074927e1/88cd171125a4d226/roger.dixon@att.net">emtoland@stoel.com</a></span><o:p></o:p></p>
        </td>
        <td style='padding:.75pt .75pt .75pt .75pt'>
        <p class=MsoNormal><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>206-386-7584<br>
        206-386-7688<br>
        206-386-7622<br>
        206-386-7563</span><o:p></o:p></p>
        </td>
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      </table>
      </div>
      <p><b><span style='font-size:10.0pt;font-family:"Helvetica","sans-serif"'>IRS
      Circular 230 notice:</span></b><span style='font-size:10.0pt;font-family:
      "Helvetica","sans-serif"'> Any tax advice contained herein was not
      intended or written to be used, and cannot be used, by you or any other
      person (i) in promoting, marketing or recommending any transaction, plan
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