Green Energy London Co-operative Inc. (GEL)

Green Energy London Co-operative Inc. (GEL)

May 9, 2013

What is GEL?

WHAT IS GEL?

GREEN ENERGY LONDON (GEL) is a for-profit co-operative to develop community-owned renewable and alternative energy projects and public education involving renewable energy, energy conservation and the community power model.

WHO IS GEL’S EXECUTIVE?Shane ONeill PRESIDENT,

Architect 

Ted Zurbrigg VICE-PRESIDENT, Business owner

 Diane Szoller TREASURER, Project manager

Natalie SECRETARY,

Beauregard Solar developer

 Bill McBane MEMBER-AT-LARGE Information management

Jens Stickling MEMBER-AT-LARGE Business owner

Furthers community objectives, tax

exemptBusiness carried out without the purpose

of gain for members, surplus

retained to further the organization’s

purpose

No share capital, may sell bonds, other securities

Non-ProfitMaximize

shareholders’ wealth, taxable

Unlimited return on shareholder’s

capital-dividends, capital gains

Sale of securities regulated by

Securities Act

Business orGoods/services to members, taxable

Surplus distributed as dividends, reinvestment

Sale of securities regulated by Co-

operative Corporations Act

Co-op vs

pictures

THIS IS OUR VISIONWe seek to create multiple projects

as a mix of public, commercial and

residential London roof tops.

GEL promotions

OUR FOCUS -TO ENGAGE RESIDENTS AND SMALL BUSINESS with:INVESTMENT• Provide opportunity for community investment in renewable energy with financial dividends – MicroFIT• Re-invest remaining profit into new renewable projectsEDUCATION• Develop programming and public education to reduce fossil fuels and greenhouse gas emissions, raise awareness and engage societial change• Initiate public policy and political collaboration

OUR OVERALL GOALS -• To improve the quality of our community• To build community capacity, new ideas• To fund community improvements• To support members/investors with dividends• To harvest solar energy, sell to the grid• To be a ‘go to’ for community buy-in• To inform around renewables, climate change• To be a leader (to lead the community)• To engage the next generation• To identify new opportunities• To finance green/sustainable initiatives through community and invest in new projects

Cost of Installation

Related costs

Dividends/InvestorRepayment

Surplus$12,250($612/yr)

Net Cost$124,514 ($18,264) = $106,250

Equipment, assessments$47,000

Inverter replacement, ins.,fees, roof lease, etc.$18,264

$2,250/year (5%) or $47,000 investment over 20 years plus repayment of equipment

PRODUCTION NREL data226,801 kWh x .549 cents per kWh$124,514

The OPA is continuing to process MicroFIT applications until the 50 MW procurement target is achieved. The current price schedule remains in effect.

Example: Micro-FITRevenue of $124,514 20 year investment

Eligible participants include:Individuals UniversitiesFarmers Schools/collegesFarm Co-ops Hospitals/long-term careRenewable Co-ops (public, private)Municipalities Aboriginal communitiesLDC Partnerships Social Housing Faith-based organizations

MicroFIT ELIGIBILITY provides a fixed price over a 20 year term for electricity production, distribution to the province’s grid (10 kw or less)

MicroFIT may involve one of the following renewable fuel types:

Biogas Solar PhotovoltaicBiomass - rooftop solar facilityLandfill gas - non-rooftop solar facilityWind Waterpower

Approvals are conditional to LDC capacity. Hydro One is actively working to increase capacity and quality given aging infrastructure, increased building constructions underway increasing demand, and trends toward smart home applications (residential).

THERE ARE NUMEROUS STAKEHOLDERS IN A SINGLE INSTALLATION

Co-op members/ Sub-contractors/tradesinvestors (electrical, mechanical, roofing, etc)Building owners Local distribution companyBuilding tenants Hydro One (transmission)Financial backers Building departmentLegal reps Electrical Safety AuthorityConsultants Ministry of LabourDesign Engineers Independent reviewersVendors (panels, inverter, Ontario Power Authorityracking, combiners, wire, etc) Public at large

We look forward to: Sharing information Engaging new members and Celebrating a mutual interest in enhancing London’s economic benefits in renewables

Thank you -Questions welcome