##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-QSB
 þ
    
    Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934.
 For the quarter ended June 30, 2007
 OR
 o
    
    Transition report under Section 13 or 15(d) of the Exchange Act.
 For the transition period from  to
 Commission file number 000-52429
 CENTRAL IOWA ENERGY, LLC
  Iowa
    
    71-0988301(State or other jurisdiction of
    
    (I.R.S. Employer Identification No.)incorporation or organization)
 3426 EAST 28 TH STREET N.
NEWTON, IOWA 50208
 (641) 791-1010
 þ o
 o þ
   o þ




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##### 



INDEX
 Page No.PART I. FINANCIAL INFORMATION
    
    
    3Item 1.
    
    Financial Statements
    
    
    3Item 2.
    
    Managements Discussion and Analysis or Plan of Operations
    
    
    15PART II. OTHER INFORMATION
    
    
    26Item 1.
    
    Legal Proceedings
    
    
    26Item 1A.
    
    Risk Factors
    
    
    27Item 2.
    
    Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    27Item 3.
    
    Defaults Upon Senior Securities
    
    
    27Item 4.
    
    Submission of Matters to Security Holders
    
    
    27Item 5.
    
    Other Information
    
    
    27Item 6.
    
    Exhibits
    
    
    28SIGNATURES
    
    
    28Exhibit 10.20Exhibit 10.21Exhibit 10.22Exhibit 31.1Exhibit 31.2Exhibit 32.1Exhibit 32.2
   2




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##### Table of Contents



PART I. FINANCIAL INFORMATION
 
 Item 1. Financial Statements
 CENTRAL IOWA ENERGY, LLC
  June 30,
    
    
    September 30,2007
    
    
    2006ASSETSCurrent AssetsCash and equivalents
    
    $
    2,798,444
    
    
    $
    Margin deposits
    
    
    103,039Trade accounts receivable  related party
    
    
    2,050,796Other receivables
    
    
    1,046,826Prepaid expenses
    
    
    264,240
    
    
    
    588Inventories
    
    
    4,999,367
    
    
    
    Total current assets
    
    
    11,262,712
    
    
    
    588Property and EquipmentLand and improvements
    
    
    2,653,014
    
    
    
    249,742Office equipment
    
    
    39,499
    
    
    
    5,787Office building
    
    
    629,300
    
    
    
    Plant and process equipment
    
    
    37,192,498
    
    
    
    Construction in process  related party
    
    
    
    
    
    
    26,429,77440,514,311
    
    
    
    26,685,303Less accumulated depreciation
    
    
    658,461
    
    
    
    1,299Net property and equipment
    
    
    39,855,850
    
    
    
    26,684,004Other AssetsFinancing costs, net of amortization
    
    
    393,511
    
    
    
    368,878Total Assets
    
    $
    51,512,073
    
    
    $
    27,053,470LIABILITIES AND EQUITYCurrent LiabilitiesCurrent maturities of long-term debt
    
    $
    1,464,327
    
    
    $
    Revolving line of credit
    
    
    1,000,000
    
    
    
    Checks drawn in excess of bank balance
    
    
    
    
    
    
    216,613Derivative Instruments
    
    
    747,052
    
    
    
    Accounts payable
    
    
    816,137
    
    
    
    91,182Accounts payable  related party
    
    
    230,202Membership payable
    
    
    
    
    
    
    30,000Construction payable  related party, including retainage of $114,831 and
$1,302,521, June 2007 and September 2006, respectively
    
    
    114,831
    
    
    
    5,421,743Accrued interest payable
    
    
    182,701
    
    
    
    Accrued expenses
    
    
    82,971
    
    
    
    Total current liabilities
    
    
    4,638,221
    
    
    
    5,759,538Long-Term Debt, less current maturities
    
    
    25,419,197
    
    
    
    Commitments and ContingenciesMembers EquityMember contributions, net of costs related to capital contributions,
25,672 and 24,434 units outstanding, June 2007 and September 2006, respectively
    
    
    22,849,120
    
    
    
    22,216,120Membership units earned but not issued
    
    
    1,000,000
    
    
    
    23,000Deficit accumulated
    
    
    (2,394,465
    )
    
    
    (945,188
    )Total members equity
    
    
    21,454,655
    
    
    
    21,293,932Total Liabilities and Members Equity
    
    $
    51,512,073
    
    
    $
    27,053,470
   3




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CENTRAL IOWA ENERGY, LLC
  Three Months Ended
    
    
    Three Months EndedJune 30,
    
    
    June 30,2007
    
    
    2006RevenuesSales to related party
    
    $
    14,448,931
    
    
    $
    Cost of Goods Sold
    
    
    14,503,465
    
    
    
    Gross (Loss)
    
    
    (54,534
    )
    
    
    Operating ExpensesProfessional fees
    
    
    32,055
    
    
    
    3,307Project coordinator
    
    
    
    
    
    
    13,000General and administrative
    
    
    466,628
    
    
    
    21,095Equity based compensation
    
    
    
    
    
    
    200,000Total
    
    
    498,683
    
    
    
    237,402Operating (Loss)
    
    
    (553,217
    )
    
    
    (237,402
    )Other IncomeGrant and other income
    
    
    
    
    
    
    Interest income
    
    
    27,695
    
    
    
    216,547Interst expense
    
    
    (522,115
    )
    
    
    Total
    
    
    (494,420
    )
    
    
    216,547Net (Loss)
    
    $
    (1,047,637
    )
    
    $
    (20,855
    )Weighted Average Units Outstanding
    
    
    25,672
    
    
    
    24,434Net (Loss) Per Unit  Basic and Diluted
    
    $
    (40.81
    )
    
    $
    (0.85
    )
   4




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CENTRAL IOWA ENERGY, LLC
  Nine Months Ended
    
    
    Nine Months EndedJune 30,
    
    
    June 30,2007
    
    
    2006RevenuesSales to related party
    
    $
    14,448,931
    
    
    $
    Cost of Goods Sold
    
    
    14,718,393
    
    
    
    Gross (Loss)
    
    
    (269,462
    )
    
    
    Operating ExpensesProfessional fees
    
    
    159,208
    
    
    
    127,880Project coordinator
    
    
    
    
    
    
    36,000General and administrative
    
    
    537,020
    
    
    
    66,738Equity based compensation
    
    
    
    
    
    
    433,333Total
    
    
    696,228
    
    
    
    663,951Operating (Loss)
    
    
    (965,690
    )
    
    
    (663,951
    )Other IncomeGrant and other income
    
    
    
    
    
    
    10,100Interest income
    
    
    38,528
    
    
    
    288,056Interest expense
    
    
    (522,115
    )
    
    
    Total
    
    
    (483,587
    )
    
    
    298,156Net (Loss)
    
    $
    (1,449,277
    )
    
    $
    (365,795
    )Weighted Average Units Outstanding
    
    
    25,563
    
    
    
    12,943Net (Loss) Per Unit  Basic and Diluted
    
    $
    (56.69
    )
    
    $
    (28.26
    )
   5




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CENTRAL IOWA ENERGY, LLC
  Balance  March 31, 2005
    
    $
    Capital contributions  260 units, $500 per unit, July, 2005
    
    
    130,000Equity units exchanged for services, 500 units, $500 per unit, September, 2005
    
    
    250,000Members units earned but not issued
    
    
    2,000Net (loss) for the period ended September 30, 2005
    
    
    (454,466
    )Balance  September 30, 2005
    
    
    (72,466
    )Capital contributions  4,520 units, $500 per unit, October, 2005
    
    
    2,260,000Capital contributions  19,154 units, $1,000 per unit, March, 2006
    
    
    19,154,000Cost of Raising Capital
    
    
    (177,880
    )Members units earned but not issued
    
    
    21,000Equity based compensation
    
    
    600,000Net (loss) for the period ended September 30, 2006
    
    
    (490,722
    )Balance  September 30, 2006
    
    
    21,293,932Capital contributions  1,200 units, $1,000 per unit, October, 2006
    
    
    600,000Members units earned but not issued
    
    
    10,000Issued 38 units for units earned but previously not issued, March 2007
    
    
    Members units earned but not issued
    
    
    1,000,000Net (loss) for the period ended June 30, 2007
    
    
    (1,449,277
    )Balance  June 30, 2007
    
    $
    21,454,655
   6




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CENTRAL IOWA ENERGY, LLC
  Nine Months Ended
    
    
    Nine Months EndedJune 30,
    
    
    June 30,2007
    
    
    2006Cash Flows from Operating ActivitiesNet (loss)
    
    $
    (1,449,277
    )
    
    $
    (365,795
    )Adjustments to reconcile net (loss) to net cash
from operations:Depreciation and amortization
    
    
    667,368
    
    
    
    843Membership units earned for rent
    
    
    10,000
    
    
    
    15,000Change in assets and liabilitiesRestricted cash
    
    
    (103,039
    )
    
    
    Accounts receivable
    
    
    (2,050,796
    )
    
    
    Other receivable
    
    
    (1,046,826
    )
    
    
    Grant receivable
    
    
    
    
    
    
    5,000Inventories
    
    
    (4,999,367
    )
    
    
    Prepaid expenses
    
    
    (263,652
    )
    
    
    5,957Derivative instruments
    
    
    747,052
    
    
    
    Accounts payable
    
    
    980,808
    
    
    
    (41,769
    )Accrued expenses
    
    
    82,971
    
    
    
    Accrued interest payable
    
    
    182,701
    
    
    
    Net cash used in operating activities
    
    
    (7,242,057
    )
    
    
    (380,764
    )Cash Flows from Investing ActivitiesPayments for short term investments
    
    
    
    
    
    
    (14,342,965
    )Capital expenditures
    
    
    (15,710,332
    )
    
    
    (6,606,111
    )Purchase of land
    
    
    (2,403,272
    )
    
    
    (223,942
    )Net cash used in investing activities
    
    
    (18,113,604
    )
    
    
    (21,173,018
    )Cash Flows from Financing Activities(Decrease) in checks drawn in excess of bank balance
    
    
    (216,613
    )
    
    
    Proceeds from long term debt
    
    
    27,000,000
    
    
    
    Payments on long term debt
    
    
    (116,476
    )Proceeds from revolving line of credit
    
    
    1,000,000
    
    
    
    Payments for financing costs
    
    
    (82,806
    )
    
    
    (47,166
    )Member contributions
    
    
    600,000
    
    
    
    21,847,333Costs related to capital contributions
    
    
    
    
    
    
    (165,936
    )Payments to members
    
    
    (30,000
    )
    
    
    (55,000
    )Net cash provided by financing activities
    
    
    28,154,105
    
    
    
    21,579,231Net Increase in Cash
    
    
    2,798,444
    
    
    
    25,449Cash  Beginning of Period
    
    
    
    
    
    
    31,454Cash  End of Period
    
    $
    2,798,444
    
    
    $
    56,903Supplemental Disclosure of NoncashInvesting and Financing ActivitiesConstruction costs in accounts payable
    
    $
    114,831
    
    
    $
    3,404,916Financing costs included in accounts payable
    
    $
    
    
    
    $
    5,693Membership units to be issued for capital expenditures
    
    $
    1,000,000
    
    
    $
    Amortization of financing costs included in
construction in process
    
    $
    22,316
    
    
    $
    
   7




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CENTRAL IOWA ENERGY, LLC
NOTES TO UNAUDITED FINANCIAL STATEMENTS
 NOTE A: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 PRINCIPAL BUSINESS ACTIVITY 
 BASIS OF PRESENTATION 
  USE OF ESTIMATES 
 REVENUE RECOGNITION 
  CASH AND EQUIVALENTS 
  ACCOUNTS
RECEIVABLE
  INVENTORIES
  8




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CENTRAL IOWA ENERGY, LLC
NOTES TO UNAUDITED FINANCIAL STATEMENTS
 DERIVATIVE INSTRUMENTS  Accounting for Derivative Instruments and Hedging Activities
  PROPERTY
AND EQUIPMENT
 Land improvements
    
    15-20 yearsOffice building
    
    10-20 yearsOffice equipment
    
    5 yearsPlant and process equipment
    
    10-20 years
  LOAN ORIGINATION FEES 
 FAIR VALUE OF FINANCIAL INSTRUMENTS
 INCOME TAXES 
 UNIT OPTIONS  Accounting for Stock Issued to Employees
  9




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CENTRAL IOWA ENERGY, LLC
NOTES TO UNAUDITED FINANCIAL STATEMENTS
 Accounting
for Stock-Based Compensation
  ThreeMonths
    
    
    Nine Monthsended June
    
    
    ended June30, 2006
    
    

30, 2006Net (Loss):As reported
    
    $
    (20,855
    )
    
    $
    (365,795
    )Deduct total stock-based compensation expense
determined under minimum value based
method for all awards
    
    
    (6,625
    )
    
    
    (14,354
    )Pro forma
    
    $
    (27,480
    )
    
    $
    (380,149
    )(Loss) per unit:As reported
    
    $
    (.85
    )
    
    $
    (28.26
    )Pro forma
    
    $
    (1.12
    )
    
    $
    (29.37
    )
 Share-Based Payment
  RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS 
  10




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CENTRAL IOWA ENERGY, LLC
NOTES TO UNAUDITED FINANCIAL STATEMENTS
  NOTE C: INVENTORIES
  Raw materials
    
    $
    2,481,524Work in process
    
    
    132,708Finished goods
    
    
    2,385,135Total
    
    $
    4,999,367
 NOTE D: MEMBERS EQUITY
     NOTE E: RELATED PARTY TRANSACTIONS
     11




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CENTRAL IOWA ENERGY, LLC
NOTES TO UNAUDITED FINANCIAL STATEMENTS
  NOTE F: REVOLVING LINE OF CREDIT
  NOTE G: LONG-TERM DEBT
  Mortgage Term Note payable to F & M Bank  Iowa  See details below
    
    $
    21,883,524Term Revolving Note payable to F & M Bank  Iowa  See details below
    
    
    5,000,00026,883,524Current maturities
    
    
    1,464,327$
    25,419,197
  2008
    
    $
    1,464,3272009
    
    
    1,594,8682010
    
    
    1,737,0472011
    
    
    1,891,9012012
    
    
    20,195,381Total long-term debt
    
    $
    26,883,524
      12




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CENTRAL IOWA ENERGY, LLC
NOTES TO UNAUDITED FINANCIAL STATEMENTS
  NOTE H: RETIREMENT PLAN
  NOTE I: COMMITMENTS AND CONTINGENCIES
 Design-Build Contract
   Purchase Contracts
  Consulting Contracts
   13




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CENTRAL IOWA ENERGY, LLC
NOTES TO UNAUDITED FINANCIAL STATEMENTS
 Land Contracts
  Utility Contracts
    14




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Item 2. Managements Discussion and Analysis or Plan of Operations
 Forward Looking Statements
  
    
    Competition with other manufacturers in the biodiesel industry;
    
    Overcapacity within the biodiesel industry;
    
    Decrease in the demand for biodiesel;
    
    Actual biodiesel and glycerin production varying from expectations;
    
    Availability and cost of products and raw materials, particularly soybean oil and animal fats;
    
    Changes in the price and market for biodiesel and its co-products, such as glycerin;
    
    Our ability to market and our reliance on third parties to market our products;
    
    Changes in or elimination of governmental laws, tariffs, trade or other controls or enforcement
practices such as:
 
    
    national, state or local energy policy;
    
    federal biodiesel tax incentives;
    
    legislation establishing a renewable fuel standard or other legislation mandating the use
of biodiesel or other lubricity additives; or
    
    environmental laws and regulations that apply to our plant operations and their
enforcement;
 
    
    Total U.S. consumption of diesel fuel;
    
    Fluctuations in petroleum prices;
    
    Changes in plant production capacity or technical difficulties in operating the plant;
    
    Changes in our business strategy, capital improvements or development plans;
    
    Results of our hedging strategies;
    
    Changes in interest rates or the availability of credit;
    
    Our ability to generate free cash flow to invest in our business and service our debt;
    
    Our liability resulting from litigation;
    
    Our ability to retain key employees and maintain labor relations;
    
    Changes and advances in biodiesel production technology;
  15




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
    
    Competition from alternative fuels and alternative fuel additives; and
    
    Other factors described elsewhere in this report.
  Overview
        16




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Plan of Operations for the Next 12 Months
  Plant Operations
    Permitting
   17




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Plant Management, Feedstock Procurement and Marketing
  Feedstock Procurement
 
    
    Provide analysis and audit of feedstock suppliers;
    
    Purchase feedstocks at competitive prices meeting specifications and in
quantities adequate to satisfy the production schedule of our plant;
    
    Negotiate for discounts on feedstocks, where obtainable;
    
    Arrange for transportation, logistics, and scheduling of feedstock deliveries; and
    
    Provide analysis and audit of bulk transportation providers.
 Chemical Inputs Procurement
 
    
    Perform due diligence requirements for investigation of suppliers of the chemical inputs;
    
    Provide analysis and audit of chemical suppliers and bulk transportation suppliers;
    
    Purchase chemical inputs at competitive prices meeting specifications for use in our plant;
    
    Negotiate for discounts on the purchase of chemical inputs, where obtainable;
    
    Procure adequate chemical inputs to meet our production schedules; and
    
    Arrange for transportation, logistics, and scheduling services for chemical
input deliveries by suppliers.
 Sales and Marketing
 
    
    Market analysis of biodiesel supply and demand;
    
    Market access to REGs developed biodiesel distribution channels;
    
    Analysis and audit of biodiesel customers, including for creditworthiness, and
bulk transportation providers;
    
    Marketing specialists and sales representatives to attain and establish sales
opportunities and relationships for our products;
    
    Arrangements for transportation, logistics, and scheduling of biodiesel shipments;
    
    Arrangements for leased tankers for rail shipments, where advantageous;
    
    Oversight and reconciliation of shipments, invoicing and payments on a weekly basis; and
    
    Provide invoicing and accounts receivable management for biodiesel shipments.
 Administrative Services
 
    
    Accounting;
    
    Human Resources;
    
    Information Technology;
    
    Payroll; and
    
    Communications.
  18




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
    
    Utilize his or her ongoing best efforts to successfully and profitably manage
the plant in our best interests;
    
    Develop an annual budget for presentation to and approval of our board;
    
    Attend meetings of our board and provide information upon its request;
    
    Insure that all raw product costs are minimized and that all finished
product revenues are maximized;
    
    Work with us to formulate our mission and goals;
    
    Manage the plants resources to efficiently achieve such mission and goals;
    
    Manage our duties and rights under agreements with third parties relating to the plant;
    
    Assist with regulatory affairs monitoring and compliance;
    
    Hire, terminate and replace plant personnel as necessary and in all cases in
accordance with the policies of our board;
    
    Management of governmental relations, including the
United States Department of Agricultures biodiesel programs; and
    
    Perform such other duties as may be agreed upon.
   
    
    Plan and schedule biodiesel production to meet our needs and marketing goals;
    
    Monitor and improve quality control;
    
    Oversee facility and equipment maintenance;
    
    Assist with budgeting and the monitoring of labor and other expenses in the operation;
    
    Implement processing changes and new technologies as they evolve, and plan
for new projects relating to biodiesel production; and
    
    Perform such other duties as may be agreed upon.
  
    
    Monthly Fee. For the first month in which our biodiesel is sold, which was
April 2007, and for six months thereafter (the initial period), we will pay a monthly fee
of 5.7 cents per gallon of biodiesel sold by REG. For the first month after the initial
period we will pay 5.7 cents per gallon for any biodiesel that was produced but not sold
during the initial period in addition to 5.7 cents per gallon of biodiesel produced in the
first month following the initial period. Thereafter, we will pay a monthly fee of 5.7
cents per gallon of biodiesel produced at our plant.
    
    Net Income Bonus. We will pay an annual bonus to REG based on the amount of
our annual net income, as that term is defined in the agreement. REGs bonus may range
from 0% to 6% of our annual net income, depending on our performance, but will not exceed
the amount of $1,000,000.
   19




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Energy Management
   Administration and Employees
  JOB TITLE
    
    NUMBER EMPLOYEESProcess Operator
    
    
    16Accounting Manager
    
    
    1Mechanic
    
    
    1Electrician
    
    
    1Administrative Assistant
    
    
    1Shipping/Receiving
    
    
    4Operations Supervisor
    
    
    1Quality Assurance Manager
    
    
    1Laboratory Technician
    
    
    1Accounting Assistant
    
    
    1Total
    
    
    28
    20




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Trends and Uncertainties Impacting the Biodiesel Industry and Our Future Operations
  Growth and Increased Competition in the Biodiesel Industry
    
    
    there were 148 active plants with an annual production capacity of 1.39 billion
gallons;
  21




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
    
    there were 96 plants currently under construction and an additional 5 plants
undergoing expansion of their existing operations;
    
    the additional combined capacity of these plants under construction or
expansion is estimated at 1.89 billion gallons per year;
    
    biodiesel plants are operating or have been proposed in at least 46 states; and
    
    currently, there are 11 operating biodiesel plants in Iowa.
      
    
    additional rail capacity;
    
    additional storage facilities for biodiesel;
    
    increases in truck fleets capable of transporting biodiesel within localized markets;
    
    expansion in refining and blending facilities to handle biodiesel; and
    
    growth in service stations equipped to handle biodiesel fuels.
  22




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Increased Prices and Decreased Production of Feedstock
   Critical Accounting Estimates
  Off-balance Sheet Arrangements
  Liquidity and Capital Resources
  Use of Capital
   23




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Sources of Funds
  Percent ofTotalSource of FundsMember Equity, Intrastate Offering ($1,000 per unit)
    
    $
    19,154,000
    
    
    
    37.88
    %Member Equity, Seed Capital ($500 per unit)
    
    $
    2,390,000
    
    
    
    4.73
    %Member Equity, Final Construction Loan Payment ($1,000 per unit)
    
    $
    1,000,000
    
    
    
    1.98
    %Member Equity, Exercised Director Options ($500 per unit)
    
    $
    600,000
    
    
    
    1.19
    %Construction Loan
    
    $
    27,000,000
    
    
    
    53.41
    %Low/Zero Interest Loans
    
    $
    400,000
    
    
    
    0.79
    %Grant Income
    
    $
    10,000
    
    
    
    0.02
    %Total Sources of Funds
    
    $
    50,554,000
    (1)
    
    
    100
    %
 
 (1)
    
    This amount excludes non-cash equity-based compensation recognized by the company in
connection with the units paid to The Biodiesel Group as compensation under its consulting
agreement with the company entered into in July 2005 and its directors unit option plan. Equity Financing
  Debt Financing
    24




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Grants and Government Programs
    Use of Proceeds
  Use of Funds:
    
    Amount Budgeted:General Process System
    
    $
    23,487,470Refinery Process System
    
    $
    4,500,000Animal Fat Process System
    
    $
    5,000,000Administrative Building
    
    $
    650,000Sales Tax
    
    $
    860,000Office Equipment/Computer
    
    $
    215,000Misc. Construction Costs
    
    $
    950,000Land and Site
    
    $
    1,325,000Railroad
    
    $
    3,127,850Fire and Water
    
    $
    696,180Rolling Stock
    
    $
    375,000Construction Contingency
    
    $
    1,500,000Start-up Costs & Working Capital
    
    $
    7,867,500TOTAL
    
    $
    50,554,000
 Operating Costs
  Estimated Operating Costs
 Feedstock Cost
    
    $
    84,900,000Chemical/Variable Costs
    
    $
    11,300,000Fixed Costs
    
    $
    10,500,000Total Estimated Operating Costs
    
    $
    106,700,000
  25




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##### Table of Contents



Additional Capital
  Research and Development
  Costs and Effects of Compliance with Environmental Laws
   Item 3. Controls And Procedures
   
 PART II. OTHER INFORMATION
 
 Item 1. Legal Proceedings.
   26




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##### Table of Contents



Item 1A. Risk Factors.
  The decreasing availability and increasing price of soybean oil and animal fats may hinder our
ability to profitably produce biodiesel and may result in plant shut downs and decreased revenues.
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
   
 Item 3. Defaults Upon Senior Securities.
  
 Item 4. Submission of Matters to Security Holders.
  
 Item 5. Other Information.
   27




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##### Table of Contents



Item 6. Exhibits.
  ExhibitNo.
    
    Description10.20
    
    Energy Management Agreement between U.S. Energy Services, Inc. and Central Iowa
Energy, LLC dated June 12, 2007.10.21
    
    Consent to Assignment dated
August 7, 2006.10.22
    
    Consent to Assignment dated
June 27, 2007.31.1
    
    Certificate pursuant to 17 CFR 240 13a-14(a)31.2
    
    Certificate pursuant to 17 CFR 240 13a-14(a)32.1
    
    Certificate pursuant to 18 U.S.C. Section 135032.2
    
    Certificate pursuant to 18 U.S.C. Section 1350
 
 SIGNATURES
  CENTRAL IOWA ENERGY, LLCDate: August 14, 2007
    /s/ John E. Van ZeeJohn E. Van ZeePresident and Chief Executive Officer
(Principal Executive Officer)Date: August 14, 2007
    /s/ Kimberly SmithKimberly SmithChief Financial Officer
(Principal Financial and Accounting Officer)  28