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&lt;p style="FONT-FAMILY: times"&gt;&lt;font size="2"&gt;&lt;b&gt;Note&amp;nbsp;13.
Subsequent Events&lt;br /&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="FONT-FAMILY: times"&gt;&lt;font size="2"&gt;&lt;b&gt;&lt;i&gt;Big Sky Wind
Project&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="FONT-FAMILY: times"&gt;
&lt;font size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In
October 2009, EME, through its subsidiary, Big Sky, entered into
turbine financing arrangements totaling approximately
$206&amp;nbsp;million for wind turbine purchase obligations related to
the 240&amp;nbsp;MW Big Sky wind project with the following principal
terms:&lt;/font&gt;&lt;/p&gt;
&lt;ul&gt;
&lt;li style="list-style: none"&gt;
&lt;dl compact="compact"&gt;
&lt;dt style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;
&lt;font size="2"&gt;&amp;#149;&lt;/font&gt;&lt;/dt&gt;
&lt;dd style="FONT-FAMILY: times"&gt;&lt;font size="2"&gt;Big Sky's repayment
obligations are guaranteed by EME until the commercial operations
date of the Big Sky wind project (or shortly thereafter);&lt;/font&gt;
&lt;font size="2"&gt;&lt;br /&gt;
&lt;br /&gt;&lt;/font&gt;&lt;/dd&gt;
&lt;dt style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;
&lt;font size="2"&gt;&amp;#149;&lt;/font&gt;&lt;/dt&gt;
&lt;dd style="FONT-FAMILY: times"&gt;&lt;font size="2"&gt;interest under the
loan accrues at six-month LIBOR plus 2.5% prior to the release of
the EME guarantee, and at six-month LIBOR plus 3.5% thereafter;
and&lt;/font&gt; &lt;font size="2"&gt;&lt;br /&gt;
&lt;br /&gt;&lt;/font&gt;&lt;/dd&gt;
&lt;dt style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"&gt;
&lt;font size="2"&gt;&amp;#149;&lt;/font&gt;&lt;/dt&gt;
&lt;dd style="FONT-FAMILY: times"&gt;&lt;font size="2"&gt;the loan has a
five-year final maturity. However, specific events, including
project performance, may trigger earlier repayment. The loan is
secured by a leasehold mortgage on the project's real property
assets, a pledge of all other collateral of the Big Sky wind
project, as well as a cash reserve account into which one-third of
distributable cash flow, if any, of the Big Sky wind project is to
be deposited on a monthly basis.&lt;/font&gt;&lt;/dd&gt;&lt;/dl&gt;&lt;/li&gt;&lt;/ul&gt;
&lt;p style="FONT-FAMILY: times"&gt;
&lt;font size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Notice
to proceed on construction of the Big Sky wind project with Suzlon
S-88 wind turbines was issued in October 2009.&lt;/font&gt;&lt;/p&gt;
&lt;p style="FONT-FAMILY: times"&gt;&lt;font size="2"&gt;&lt;b&gt;&lt;i&gt;Turbine
Commitments&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="FONT-FAMILY: times"&gt;
&lt;font size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In
October 2009, EME entered into an amendment to one of its turbine
supply agreements which no longer obligates EME to purchase 22 wind
turbines (46&amp;nbsp;MW). EME's $11&amp;nbsp;million down payment for
those turbines was converted into a deposit against future turbine
orders, which may be offset against Big Sky's loan repayment
obligation if no turbines have been ordered before the loan
matures.&lt;/font&gt;&lt;/p&gt;
&lt;p style="FONT-FAMILY: times"&gt;&lt;font size="2"&gt;&lt;b&gt;&lt;i&gt;Acquisition of
Cedro Hill Wind Project&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p style="FONT-FAMILY: times"&gt;
&lt;font size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In
October 2009, EME completed the acquisition of a 150&amp;nbsp;MW wind
development project in Texas which has a 20-year power purchase
agreement with the City of San Antonio (referred to as the Cedro
Hill wind project). EME plans to install 100 turbines (150&amp;nbsp;MW)
to be purchased under its turbine supply agreement with General
Electric Company to construct this project, which is scheduled for
completion during the fourth quarter of 2010. In September 2009,
EME made additional deposits of $174&amp;nbsp;million to General
Electric Company. EME plans to obtain project financing for this
project prior to completion of
construction.&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;
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          <NonNumericTextHeader>Note&amp;nbsp;13.
Subsequent Events
Big Sky Wind
Project

&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In
October 2009, EME, through its subsidiary, Big Sky,</NonNumericTextHeader>
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