Exhibit C.1




Contract Price Specification







				
	Equipment

	Quantity

	Unit Price

	Total


	 
	 
	 
	 

	Vestas V82, 1,65 MW, 60 Hz (IEC Class II) Wind Turbine

	18

	$1,130,945

and €946,200 

	$20,357,005 

and €17,031,600


	Including:

	 
	 
	 

	Delivery to the Delivery Point

	 
	 
	 

	Tower, 80 meter hub height, IEC II, 4 sections

	 
	 
	 

	Advanced Grid (LVRT) option

	 
	 
	 

	Low temperature package

	 
	 
	 

	Power factor correction

	 
	 
	 

	Packing of Turbine Nacelles, Blade Sets and Towers at the factory

	 
	 
	 

	Import duties

	 
	 
	 

	Commissioning of Wind Turbines

	 
	 
	 

	Technical Advisors in accordance with the Agreement

	 
	 
	 

	Customer Training

	 
	 
	 

	Vestas Online Business SCADA

	 
	 
	 

	 
	 
	 
	 

	Total Price:

	 
	 
	$20,357,005 

and €17,031,600










				
	Component of Contract Price

	Amount

	Exchange Rate

($ per €)

	Post-Hedging Amount


	US Dollar Component

	$20,357,005

	1.27

	 

	Adjustable Portion

	€17,031,600

	 
	 

	 
	Total Contract Price:

	 







  

  

  Exhibit C.2

  

  

  Payment Schedule

  

  

  

  

  

  

  		
	Payment
	Percentage

	Down Payment
	25%

	Shipping Payment (pro rata per Component)
	55%

	Delivery Payment (pro rata per Component)
	5%

	Wind Turbine Commissioning Completion (pro rata per Wind Turbine)
	5%



    	Final Completion
	10% and any and all other amounts payable pursuant to Section 4.2.5

	Completion of Punch List Items
	150% of the value of the relevant Punch List Item



  

  

  

  

  
    

    

    Exhibit C.3

    

    

    Form of Application for Payment

    

    

     

    DATE:

    

    

    

    

    1.

    Capitalized terms used, but not otherwise defined, herein have the meanings set forth in that certain Wind Turbine Supply Agreement dated as of September 29, 2006 (the “Agreement”), by and between Vestas-American Wind Technology, Inc., a California corporation (“Supplier”), and Madison Gas and Electric Company, a Wisconsin corporation (“Buyer”).

    2. 

    Pursuant to Section 4.5 of the Agreement, Supplier hereby submits this Application for Payment with respect to the achievement or deemed achievement of the following Supplier Milestone(s) along with documentation related to such Supplier Milestone(s) (Check all that apply):

    					
	 
	Payment Event
	Amount Due

	A.

            ____
	Wind Turbines Shipped: 

            _______ Blades have been shipped

            _______ Turbine Nacelles have been shipped

            _______ Hubs have been shipped

            1.

            List of serial numbers (or other form of identification) attached.

            2.

            Copies of Shipping Certificates or bills of lading or other evidence of shipment attached.
	$____________

	B.

            ____
	Tower Sections Shipped:

            _____ 

            Tower sections have been shipped

            1.

            List of Tower section serial numbers (or other form of identification) attached.

            2.

            Copies of Shipping Certificates or bills of lading or other evidence of shipment attached.
	$____________

	C.

            ____
	Wind Turbine Delivery:

            _______ Blades have been delivered to the Delivery Point 

            _______ Turbine Nacelles have been delivered to the Delivery Point 

            _______ Hubs have been delivered to the Delivery Point 

            1.

            Identification of equipment delivered attached.

            2.

            Applicable Delivery Certificate or Delayed Delivery Certificate executed by Supplier and countersigned (or deemed countersigned) by Buyer attached.
	$____________

	D.

            _____
	Tower Section Delivery:

            _______ Tower sections have been delivered to the Delivery Point 

            1.

            Identification of equipment delivered attached.

            2.

            Applicable Delivery Certificate or Delayed Delivery Certificate executed by Supplier and countersigned (or deemed countersigned) by Buyer attached.
	$____________

	E.

            _____
	Commissioning Completion:

            _____ 

            Wind Turbines have achieved Commissioning Completion

            1.

            Identification of Wind Turbines that achieved Commissioning Completion attached.

            2.

            Applicable Commissioning Completion Certificate or Delayed Commissioning Completion Certificate executed by Supplier and countersigned (or deemed countersigned) by Buyer attached.
	$____________

	F.
	Final Completion:

            _____ Final Completion has been achieved

            _____ The Final Completion payment with respect to ___ Wind Turbines is payable pursuant to Section 4.2.5.

            1.

            Final Completion Certificate or Delayed Final Completion Certificate executed by Supplier and countersigned (or deemed countersigned) by Buyer attached. 
	$____________

	 
	G.

            _____
	Punch List Holdback Amount:

            _____ Supplier has completed the following Punch List item:

            [___________] [i.e. specify the Punch List item completed]
	$____________

	H.

            _____
	CHANGE ORDERS (check all that apply):

            ____  Supplier has performed such portion of the Equipment Supply Obligations described in Change Order No. [____] as [_____________] [i.e. specify the payment event]

            1.

            Documentation identified in the Change Order reflecting completion of the relevant Equipment Supply Obligations attached.  
	$____________

	I.

            ____
	Other Payment Events:

            A payment event other than those listed above has occurred and is described in the attached.  
	$____________

	 
	Total Payment:
	$____________



    

    

    3. 

    ____ (check if applicable) Attached is a Vestas-American standard invoice for amounts due (provided that any terms for payment set forth therein shall be superceded by the terms and conditions of the Agreement). 

    4.

    Payments to Supplier shall be wire transferred in accordance with the following instructions:

    Wachovia Bank

    Charlotte, NC

    ABA No.:  053000219

    Account No. 2000022-984115

    Account Name:  Vestas-American Wind Technology, Inc.

    

    

    5.

    The person signing immediately below is authorized to submit this form for and on behalf of Supplier.

    		
	Vestas-American Wind Technology, Inc.

	

          

            

            

            By:

            

            Name:

            

            Title:
	 



    

    

    
      

      

      Exhibit C.4

      

      

      Supplier’s Account Information

       

      

      

      Payments in United States Dollars to be made by wire transfer to the following account:

      Wachovia Bank

      Charlotte, NC

      ABA No.:  053000219

      Account No.: 2000022-984115

      Account Name:  Vestas American Wind Technology, Inc.

      

      

      And e-mail wire details to: ar@vestas-awt.com