FOR IMMEDIATE RELEASE

Contact: Christi Callicoatte

432-368-5483

PRIMARY OBJECTIVE OF MONTGOMERY GREAT FALLS ENERGY PARTNERS LP EXPANSION IS TO PROVIDE ENERGY PRODUCTS TO THE GRID

(GREAT FALLS, MONTANA – May 20, 2008) --- In a ruling by the Federal Energy Regulatory Commission on Friday of last week, Montgomery Energy was denied first-in-line access to area transmission lines for their plant located just outside of Great Falls, Montana.

“In our FERC complaint, Montgomery Energy was simply trying to move ahead of other projects in Northwestern’s transmission queue that have shown little or no movement and may never come to fruition,” said Dan Hudson, President Montgomery Energy Partners LP. “The FERC ruling will have absolutely no impact on our project. In the past few months Northwestern Energy has been working cooperatively with us on an interconnection agreement in which the costs are now approximately 2% of the original estimate of $146 M, the principle basis of our FERC complaint,” Hudson continued. “In fact, we plan on expanding the existing 275 Mw baseload power plant (cost $275-$300 M) to include an additional 125 Mw, (cost $96M) simple cycle peaking plant, for a combined facility of 400 Mw.”

In February, 2007, Montgomery Great Falls Energy Partners LP, an affiliate of Montgomery Energy Partners LP of Magnolia, Texas, formally announced the purchase of assets and permits for Montana First Megawatts from Northwestern Energy. The gas-fired, combined cycle project is now called the Great Falls Energy Center.

“These power plants are about providing products to the Montana power grid,” said Chandler Morris, VP Asset Management, Montgomery Energy Partners LP. “These units are flexible enough to provide energy, regulation services up and down, spinning reserve service, and Automatic Generation Control”.

“We have built this similar facility four times in the last two years (twice in Odessa, Texas and twice in Wharton, Texas outside of Houston) which eliminates development, engineering and construction risk,” said Frank Giacalone, CEO Montgomery Energy Partners. “In fact the design is complete and we are in the procurement of equipment stage. It is disappointing that our project can not be “front burnered” even though we have the track record, are farther along in the development process, and have the ability to provide the relief to the energy needs of Montana sooner than anyone else.”

The Great Falls Energy Center is also designed to incorporate more than 2,000 megawatts of wind power generation. Montgomery has met with many of the proposed wind energy companies and is developing products to support their need for “wind firming” into their markets. These facilities will provide economic development benefits for Montana and the “wind firming” products accelerate additional wind farm development which increases positive economic impact to Montana and helps achieve energy independence for the entire region.

“This is such a positive announcement,” said Cascade County Commissioner Peggy Beltrone. “The Montgomery Energy project strengthens Montana’s position as a national provider of clean energy and provides in-state solutions for Northwestern Energy customers. The plant itself will bring jobs and expanded tax base directly to our community. It has been a long road, but it looks as if this flexible energy facility has finally found its path.”

Montgomery Energy Partners LP and affiliates is a Magnolia, Texas based energy development and asset management company with 4,000 megawatts currently under development throughout the United States and 1,100 megawatts of power plants in operation in Texas via their affiliate, Navasota Energy Partners LP.

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Montgomery Great Falls has completed the following since the site was acquired:

· Finished revision of the new Air Permit

o Allows the facility to enter initial operation in peaking duty as the balance of plant for baseload operations is completed

· Voluntarily annexed by the City of Great Falls, which provides the power plant with Municipal services such as:

o Water supply

o Waste water discharge

· Finalizing transmission interconnection with Northwestern Energy

o Rights- of-way completed

· Design and equipment selection is completed

· Critical systems engineering is completed

· Specifications for procurement are completed