AEG SELECTED TO EVALUATE BERMUDA ELECTRIC’S 2004 ENERGY COOPERATIVE PROGRAM

AEG has been chosen to evaluate the impact and performance of Bermuda Electric Light Co.’s 2004 Energy Cooperative Program. This peak load reduction program calls upon Bermuda’s largest customers with full-service generation capacity to switch to self-generation in respoinse to peak demand periods. This comprehensive evaluation will be conducted in November after the conclusion of this year’s program and will provide BELCO management with detailed performance indicators and recommendations on how to maximize program impact in the future.