U.S. Wind Farming, Inc. to Re-Power Old Generation Wind Energy Farms in California

CHICAGO, Nov 29, 2004 (BUSINESS WIRE)

 

U.S. Wind Farming, Inc. (Pink Sheets:USWF), "America's Only Publicly Traded Wind Energy Company," (www.uswindfarming.com) has reached an agreement to re-power old wind energy farms in California.

With its new paradigm in wind energy development that uses small, distributed 15-Megawatt cooperatives with 6-10 General Electric ("GE") wind turbines on each property utilizing existing electrical delivery infrastructure, USWF will be establishing cooperatives and "repowering" existing wind farms in Palm Springs, Tehachapi and Altamont Pass, Calif. The "repowering" will consist of the replacement of 2-3 decades old technology wind turbines, some non-operational and hazardous to the aviary population, with advanced technology, aviary friendly, GE wind turbines. The 45-megawatts of power to be produced by these wind turbines will deliver power to the grid for sale to the local electrical utility during peak demand times. During off-peak demand times, the turbines will provide electricity to Stuart Energy's Proprietary Decentralized Hydrogen Technology, for production, pressurization, storage and delivery to the local infrastructure. USWF contracts with the existing wind utility operators and property owners for a portion of the renewable energy cooperative's revenues as USWF owns and operates these cooperatives.

"We anticipate that these contracts for 45-megawatts of wind energy electricity and hydrogen, which will be finally executed by year end 2004, will provide the company with approximately $4,500,000 in annual profits for the 30-year life of those cooperatives," said William Telander, USWF's CEO. "All cooperatives operate under fixed-rate 30-year, monthly pay, renewable energy contracts with the local utility companies," he said.

The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements which are not historical facts are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.

SOURCE: U. S. Wind Farming, Inc.

U. S. Wind Farming, Inc. William L. Telander, 800-853-6768 http://www.uswindfarming.com

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