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CE Generation, LLC Affiliates Have Entered into Fixed Price Amendments with Southern California Edison

For more information, contact:
Calvin Haack, Vice President and Treasurer, at (515) 281-2904

DES MOINES, Iowa – (June 6, 2006) – Del Ranch, L. P., Vulcan/BN Geothermal Power Company, Elmore L.P., Fish Lake Power L.L.C., Salton Sea Power Generation L.P. and Leathers L.P., wholly owned subsidiaries of CE Generation LLC, have entered into amendments to their respective power purchase agreements with Southern California Edison which provide for a fixed energy price for a period of five years commencing May 1, 2007, and ending April 30, 2012.

The amendments are subject to the approval of the California Public Utilities Commission. The energy price under the respective power purchase agreements during the fixed price period will be 6.15 cents per kilowatt-hour, escalated 1 percent annually beginning May 1, 2008. The current energy price of 5.37 cents per kilowatt-hour will remain in effect through April 30, 2007.

CE Generation, LLC is a limited liability company, the membership interests of which are equally owned by MidAmerican Energy Holdings Company and TransAlta (CE GEN) Investments USA Inc.