Update for the United Illuminating Small Business Energy Advantage Program - Program year 2006

• 5,852,726 kwhrs saved
• 1,668 peak kW saved
• 310 projects installed
• 93 % of those projects qualified for financing
• $1,056,009 in incentives paid
• Appx $2,200,000 in loans. [ Loans can be transferred to another account or to a new tenant taking over the same business. There can be multiple loans on the same account. Ex: 2 years ago they do lighting only, last year they decide to do refrigeration and this year we introduce a new technology they want to participate in, we can have 3 loans on the customer's account at once with different terms. We have also changed the terms of loans for customers that have contacted us who are having hardships. Ex: They are 5 months into a 20 month loan @ $200 a month. We re-establish the loan to 36 months and bring the payment down to $111 to ease their financial situation. ]
• We had 2 customers default on their loans in 2006 for appx $13,000.
• We installed 71 projects in inner city Bridgeport and New Haven- saving 1,068,878 kwhrs in lower income commercial areas
• Introduced loan extension option. Example: A project might be a 14 month payback and the customer would have the option of up to 30 months of 0% loan. Ex: A customer may be savings $300 a month in energy and the loan payment might now only be $150, so they're already saving $$ from the get-go.
• Enhanced documentation processing by moving to scanning and attachment to e-mail for signatures from customers and contractors. This helped eliminate many of the mailing and driving to location delays.
• Introduced 2nd Tier level of risk for customers to qualify for financing. This is for businesses that have been there for over 2 years. We would give a little more leeway and put them on a "keep an eye on them" list for credit. This helped increase the % of participants, the ones that would say forget about it, I'm not coming out of pocket with the balance.
• Some new measures: HVAC, de-humidification, Regulators for lighting, LED light replacements for reech-in refrigerator doors.
• EnerNet enhancements: Post-Inspection monitoring, Reporting; Calculates and records Pass/Fail statistics for each contractor (and summary for all) and sets future percentages for post inspection requirements. In other words for poor performers the system will recommend a higher % of their future projects to be post-inspected. Price cap monitoring; System will monitor the contractors pricing and if it is over their bid price, a "pop-up" box will inform them. Date expiration monitoring; The system will now "expire" projects that were approved by UI for the contractor to present to the customer and then were not signed by the customer within 30 days. The system will also report on any signed contract that the installation was not initiated after 60 days from the signature date.