Powerspan Corp. and AmerenUE sign partnership agreement

NEW DURHAM, N.H., Feb. 7, 2002 — Powerspan Corp., a clean-energy technology company, has entered into a partnership agreement with AmerenUE, a subsidiary of Ameren Corporation.

AmerenUE has joined the ECO Development Partner Program to further the testing and deployment of ECOTM technology, Powerspan’s patented multi-pollutant control system designed for coal-fired power plants.

The agreement gives AmerenUE access to ECO demonstration sites, quarterly updates on ECO development, and data from pilot tests and demonstration units. Most importantly, the two companies will collaborate on a proposal to the U.S. Department of Energy’s Clean Coal Power Initiative for cost-sharing funds to first pilot test, then build a full-scale commercial demonstration of ECO technology on one of the 500-megawatt units at AmerenUE’s Sioux Power Plant in St. Charles County, Missouri.

An ECO demonstration at Sioux is significant, as it will represent the first demonstration of ECO technology on low-sulfur coal. ECO testing to date has been conducted on medium- to high-sulfur coals.

According to Frank Alix, Powerspan’s Chairman and CEO, the partnership benefits both companies. “We are excited to be working closely with AmerenUE to demonstrate our ECO technology on a power plant burning low-sulfur coal, as over one-third of the coal-fired plants in the U.S. now use this type of fuel. With successful completion of our commercial demonstration at the Sioux Plant, AmerenUE will have significantly reduced emissions of sulfur dioxide, nitrogen oxides, fine particulate matter, and mercury using a single, cost-effective installation.”

“AmerenUE has been an industry leader in reducing emissions from coal-fired power plants,” according to Chuck Naslund, AmerenUE’s Vice President of Power Operations. “This partnership is consistent with our strategy to anticipate new multi-pollutant regulations, and provide our customers and communities with the most timely and cost-effective emission reduction solutions available.”

AmerenUE joins Cinergy Corp. and Allegheny Energy Supply, which became members of the ECO Development Partner Program in 2000.

About AmerenUE

Founded in 1902 as Union Electric Company, AmerenUE is Missouri’s largest electric utility. AmerenUE provides energy services to 1.2 million customers across the eastern half of Missouri, including the greater St. Louis area. Ameren Corporation (NYSE: AEE), the parent corporation of AmerenUE, is one of the largest investor-owned electric utilities in the U.S., with $10 billion in assets. Visit www.ameren.com for further information.

About Powerspan

Powerspan Corp. is engaged in the development and commercialization of proprietary energy technology for the global electric power industry. Company research and development efforts focus on the application of its innovative and cost-effective technology to reduce the environmental impact of power generation. More information can be obtained at www.powerspan.com.

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