Purchase is step one in T. Boone Pickens' plans to build world's largest
                        wind farm near Pampa, Texas

    DALLAS, May 15 /PRNewswire/ -- Mesa Power LLP, a company created by
legendary energy executive T. Boone Pickens, has placed an order with
General Electric to purchase 667 wind turbines capable of generating 1,000
megawatts of electricity, enough to power more than 300,000 average U.S.
homes.

    The agreement represents the first phase of the four-phase Pampa Wind
Project that will become the world's largest wind energy project, with more
than 4,000 megawatts of electricity, enough for 1.3 million homes. When all
phases of the project are completed as projected in 2014, the wind farm
will be five times as big as the nation's current largest wind power
project, now producing 736 megawatts.

    Pickens said he expects that first phase of the project will cost about
$2 billion, and that electricity from the project will be on-line by early
2011. When complete, the Pampa Wind Project will cover some 400,000 acres
in the Texas Panhandle.

    "T. Boone Pickens' commitment underscores the ability of wind
technology to help meet the country's need for diverse sources of energy,"
said Jeffrey R. Immelt, GE Chairman and CEO. "As America's demand for
energy escalates, it is clear that wind can and will play a bigger part in
meeting that need. We're excited to partner with an energy visionary like
T. Boone Pickens to bring our wind technology to the marketplace."

    GE is to deliver the 1.5-megawatt wind turbines in 2010 and 2011. The
GE 1.5-megawatt turbines are among the most widely used wind turbines in
their class.

    In August of 2007, Mesa Power filed documents with the Electric
Reliability Council of Texas (ERCOT) to add the 4,000 megawatts of
wind-generated electricity to the power grid in Texas. ERCOT, which
operates as part of the Texas Public Utility Commission (PUC), manages the
state's power grid. Mesa Power has nominated its wind turbine output to be
delivered by Texas' Competitive Renewable Energy Zones (CREZ) transmission
lines. The CREZ transmission lines will benefit Texas electric users by
delivering them cost effective and reliable electricity generated by
renewable energy power projects.

    Based on extensive testing, Pickens said the project area has some of
the best wind in the nation. He is also pleased that landowners have been
so supportive of the project.

    "We have had a great response to this project," Pickens said. "We are
making Pampa the wind capital of the world. It's clear that landowners and
local officials understand the economic benefits that this renewable energy
can bring not only to landowners who are involved with the project, but
also in revitalizing an area that has struggled in recent years."

    Pickens envisions that large scale renewable energy projects like his
Pampa Wind Project will permit the United States to become less dependent
on foreign oil. Large scale renewable energy projects such as this are
difficult to execute because they rely upon the Federal Production Tax
Credit, which provides incentives for development of renewable energy.
However, large scale renewable energy projects require commitments years in
advance, while Congress has only extended the Production Tax Credit one or
two years at a time.

    Mesa Power is hopeful that the Pampa Wind Project will qualify for the
Federal Production Tax Credits in 2010 and 2011 when the project will begin
commercial operations. "I believe that Congress will recognize that it is
critical not only to this project, but to renewable energy in this country,
that they enact a long-term extension of the Production Tax Credits,"
Pickens said.

    "The development of alternative energy projects, especially renewable
resources such as wind power, is critical for the future of the country in
the face of declining world oil resources," he said.

    "You find an oilfield, it peaks and starts declining, and you've got to
find another one to replace it," said Pickens, who once operated one of the
largest independent oil and gas production companies. "It can drive you
crazy. With wind, there's no decline curve."

    The Panhandle, with its wide-open space, low population and steady
winds, is a logical location for wind-generated energy. Studies show the
Texas Panhandle winds are optimal for such a project, blowing much of the
time in the middle of the day when electric demand is at its peak.

    Mesa Power has leased land in Carson, Gray, Hemphill, Roberts and
Wheeler counties, where the landowners will receive annual royalties for
the wind turbines operating on their property.

    Development of the region's wind resources will also create an economic
bonus similar to the boom the three largest wind farms in America have
created around Sweetwater in Nolan County. While other towns in West Texas
struggle with plummeting house prices and job losses, Sweetwater is in the
midst of a construction explosion. Two new companies opened in the past
month, one servicing the blades of the county's 2,000 turbines, another
renting out cranes used in erecting new turbines. Tax revenues from the
wind energy companies are bringing jobs, new roads and houses, and
renovating local schools and hospitals there.

    An Austin-based Resource Inc. economic impact study, commissioned by
Mesa Power, projects that the Mesa Power wind farm will bring significant
increases in jobs and income for the five counties of the project
investment zone (Carson, Gray, Hemphill, Roberts and Wheeler counties).

    The study forecast the project would generate an estimated 1,500 jobs
during the construction phase, and 720 during a typical year of the
operation phase; personal income in the project investment zone will rise
by $68.7 million per year during the construction phase, and $120 million
during the operation phase. The more significant impact during the
operation phase is largely due to lease payments to be made to landowners
in the project area amounting to $65.3 million per year.

    Resource Economics estimates that the total value of economic output in
the region due to the project will be $380 million per year during the
construction phase and $1.6 billion per year during the operation period,
and additions to the tax rolls of school districts in the project
investment zone will amount to $2.4 billion by 2018, assuming the school
districts approve an application to limit appraisal values during the
project's first 10 years.

    Unicredit served as financial adviser and Vinson & Elkins as counsel to
Mesa Power in the transaction.

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