Veolia Energy North America Overview

Core Business: Increasing Energy Efficiency Three Strategic Business Activities

District Energy

Production and distribution of steam, hot water, chilled water, electricity

Delivery to buildings in the district through pipe distribution networks

“Green Steam” cogeneration/CHP optimizes environmental impact

Industrial Utilities

Production and distribution of utilities to industrial/manufacturing plants and sites

CHP, process steam, chilled water, compressed air, etc.

Building Energy Services

Optimize the energy performance of buildings

Reduce user energy consumption

Innovative energy solutions, tools and operating procedures

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Veolia Energy North America Unparalleled Expertise in Efficient Energy Solutions

Total Capacity of Energy Systems Owned and/or Operated:

Steam capacity – 11.6 million lbs./hour

Hot Water capacity – 449 MMBtu/Hour

Chilled Water capacity – 269,694 tons

Electric Generating capacity – 613 MW

Cogeneration capacity – 523 MW

Steam / Hot Water Distribution Pipe – 111 miles

Chilled Water Distribution Pipe – 34 miles

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17 District energy networks 9 networks powered by Combined Heat and Power (CHP) plants

District Energy Networks: Largest Portfolio in North America

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Value Drivers / Pain Points

Is your energy solution designed to enhance your economic, technical and environmental performance?

Are you able to control/forecast costs?

Is your facility “right sized” to maximize energy efficiency

Who assumes operating risks

Is there budget for the next major maintenance cycle

Are there corporate mandates to reduce carbon footprint

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Value Delivered to Customers

Our solutions are designed to enhance the economic, technical and environmental performance of our customers:

Control costs

Decrease energy and fossil fuel consumption

Mitigate operating risks

Extend the useful life of energy infrastructure

Reduce carbon footprint

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The Veolia Energy Difference

An absolute commitment to safety – dedicated EHS personnel

Performance guarantees for service attributes such as:

o Fuel conversion rate/efficiency

o Availability of critical energy assets

o Quality of energy

Assumption of replacement part risk for assets maintained – ensures continuous improvement

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Veolia Energy Core Competencies

Energy Plant Operations and Maintenance • Boilers, Chillers, CHP

Energy Engineering/Master Planning

Central Utility Plant Development • Boilers, Chillers, CHP

Owner’s Representative/Program Management (consultative role)

Construction Management

Start-up, Commissioning and Testing

Sub-metering / Energy Monitoring

Retro-commissioning

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Case Studies

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Major Customer Sectors Served

Biotechnology leaders

Pharmaceutical leaders

Prestigious office buildings

Renowned healthcare facilities

Hotels

Universities

Veolia Energy’s Production Capacity

256 MW of CHP – Kendall Station

1.8 million lbs. per hour of steam

2,750 tons of chilled water

22 miles of steam pipe distribution network

Use of CHP to produce “green steam” avoids 150,000 tons of CO2 annually

Impact equivalent to 25,000 cars off the road or 300 football fields’ worth of solar PV panels

Boston & Cambridge, MA District Heating Networks with CHP

Context

Boston & Cambridge, MA Separate district heating networks now integrated under a single management team, with cogenerated steam imported from Cambridge into Boston.

District energy networks that serve more than 45 million square feet of customer space in the central business district of Boston and the biotechnology corridor of Cambridge.

Heating

Process Steam

Minimal Cooling

Services

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Major Customer Sectors Served

Federal and City government facilities

World-class professional sports facilities

Prestigious office buildings

Hotels

Athletic club

Major retailers

Veolia Energy’s Production Capacity

441,000 lbs. per hour of steam

34 megawatts of electric generation

Includes 15 megawatts of cogeneration / CHP

17 miles of steam pipe distribution network

St. Louis, MO District Heating with CHP

Context

St. Louis, MO

Veolia Energy serves approximately 125 customers in the central business district of St. Louis, MO

District heating network that serves approximately 20 million square feet of customer space in the central business district of St. Louis.

Heating

Cogeneration / CHP

Services

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Project Background

Hickory Meadows landfill biogas-to-energy project is Veolia Energy ’s first renewable energy project in the USA.

4.8 MW plant.

LEED Silver certification in November 2011.

Biogas extracted from the landfill serves as the fuel for three reciprocating engine generator sets (3 x 1.6 MW).

The plant is designed to achieve carbon dioxide emission reductions of more than 25,000 tons per year

Hickory Meadows, Hilbert, WI Landfill Gas-to-Energy Plant

Context

Hilbert, WI Veolia Energy designed, built, owns, operates and maintains a landfill gas-to-energy plant at the site of the Hickory Meadows landfill operated by Veolia Environmental Services.

Veolia Energy North America’s first renewable energy plant. Began commercial operations in August 2011.

Renewable, landfill gas-to-energy

Services

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Customer’s Challenges

Critical need for uninterrupted steam and power.

Unreliable energy supply.

Veolia Energy’s Solution

SourceOne, Veolia Energy’s energy management and advisory services subsidiary, recommended the construction of an on-site CHP facility.

Veolia Energy served as owner’s representative during development of the 5-MW plant.

Veolia Energy performs comprehensive operations and maintenance at the facility.

Initial 5-year agreement with performance guarantee was recently renewed for an additional 5 years.

Biogen Idec, Cambridge, MA Cogeneration / CHP

Context

Biogen Idec Biogen Idec, a world-class biotechnology firm, commissioned a 5-megawatt (MW) combined heat and power (CHP) plant, which runs silently in a sub-level below its campus in Cambridge. The CHP plant provides electric power and process steam, while Biogen relies on Veolia Energy’s Cambridge steam network for back-up service.

Comprehensive operation and maintenance of central steam/electricity generation plant for a world leader in biotechnology.

Cogeneration / CHP

Process Steam Back-Up

Services

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Customer’s Challenges

Critical requirement for highest level of energy reliability..

Need for ongoing investment to maintain the mini-utility and its energy infrastructure.

Veolia Energy’s Solution

Acquired MATEP with an infrastructure fund partner.

Deliver long-term O&M of the energy assets.

2013 EPA Energy Star award recognizes MATEP’s superior efficiency

Production Capacity

966,000 lbs. per hour of steam

41,975 tons of chilled water

84 MW of electric generation / CHP

1.3 miles of steam pipe distribution network

0.8 miles of chilled water pipe distribution network

Use of CHP to produce “green steam” avoids 160,000 tons of CO2 annually

Impact equivalent to 27,000 cars off the road or 300 football fields’ worth of solar PV panels

MATEP, Boston Total Energy Plant: District Energy and CHP

Context

MATEP The Longwood medical area in Boston, is home to six prominent hospitals that are affiliated with Harvard Medical School. Medical Area Total Energy Plant (MATEP) supplies the hospitals with steam, chilled water, and electricity, serving more than 9 million square feet of space.

Long-term operations and maintenance for a mini-utility providing the energy requirements of six hospitals, and encompassing electricity, heating, cooling and distribution.

Heating

Cooling

Electric Power

Cogeneration / CHP

Services

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Project Background

Important industrial CHP and renewable energy reference project with strategic Veolia Energy client.

6.5 MW CHP plant providing electricity and 1,065 tons of steam-driven chilling to beverage plant.

Biogas extracted from the nearby, 48-acre Hickory Ridge landfill and transported via dedicated pipeline serves as the fuel for three reciprocating engine generator sets (3 x 2.175 MW).

20-year O&M agreement with two optional 5-year renewal periods.

The plant is designed to achieve carbon dioxide emission reductions of more than 59,000 tons per year

Beverage Manufacturer, Atlanta, GA Landfill Gas-to-Energy CHP Plant

Context

Atlanta, GA Veolia Energy built and commissioned a new CHP plant fueled by landfill gas at the site of a major syrup plant. Veolia provides ongoing O&M.

Veolia Energy North America’s first renewable energy plant in the southeastern USA. Began commercial operations in April 2012.

Construction, Commissioning, and O&M for

Renewable, landfill gas-to-energy CHP

Services

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Recognition for Environmental Impact

U.S. Environmental Protection Agency’s Leadership Award for its role in reducing greenhouse gas emissions.

Power Plant of the Year Award from Power Magazine.

Production Capacity

163 megawatts of cogeneration / CHP

Heat Recovery Steam Generator (“HRSG”) has duct firing capability

Steam capacity of 711 Mlbs. per hour

735 Mlbs. per hour high-pressure superheat boiler

Use of CHP to produce “green steam” avoids 430,000 tons of CO2 annually

Impact equivalent to 70,000 cars off the road or 800 football fields’ worth of solar PV panels

Grays Ferry Cogeneration Facility Philadelphia, PA

Context

Grays Ferry Cogeneration Facility Recovered waste heat from this facility is used to serve the heating, hot water, process and cooling needs of approximately 300 customers, including the University of Pennsylvania, in the central business district of Philadelphia and surrounding area. Over 90% of the system’s steam demand is supplied from the CHP heat recovery systems.

Large combined heat and power plant that produces “green” steam for Veolia Energy Philadelphia’s district energy network and electricity for the grid, while reducing the carbon footprint of the City of Philadelphia through its efficient use of fossil fuel.

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