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BOWEN GUARANTEE MANAGEMENT <br />7d) Note how a savings estimate will be prepared and applied to the process. <br />In the past, Indiana Guaranteed Savings Contract clients went through a burdensome process <br />mandated by the provider, for the tracking and reporting of guaranteed energy savings. This <br />process required: <br />► Reporting utility bills on a monthly basis <br />► Immediate reporting of changes in the facility <br />► Reporting of changes in the schedule of operation <br />► Expensive tracking costs with low value <br />Bowen uses a process already implemented on most Indiana Guaranteed Saving Contracts. Our <br />process uses detailed energy calculations, documented by industry engineering standards, which <br />are stipulated. This method: <br />► Is per the statute IC 36-1-12.5-3.7 & IC 36-1-12.5-11 <br />► Uses Industry Engineering Standards per IC 36-1-12.5-2.5 <br />► Proves the Energy Savings upfront <br />► Is less burdensome on your staff <br />► Allows owners complete flexibility in operating their plants <br />► Drastically reduces the cost for reporting <br />Most importantly, utility infrastructure is a dynamic asset that can change dramatically over the <br />next 20 years. Using a stipulated approach eliminates the need for continuous and expensive <br />recalculation of how those changes affect the guarantee. Bowen's staff also has experience with <br />specific measurement and verification of energy savings and this approach can be implemented by <br />Bowen if needed. <br />Bowen performs our energy calculations with our own engineering staff. Teddy Deahl is Bowen's <br />"Certified Energy Manager" through the Association of Energy Engineering. Teddy Deahl has 10 <br />years worth of reporting experience that extends back to when he used to work at the Office of <br />Energy Development, where the GSC program resided until July of 2015. Teddy has successful <br />experience assisting our customers with Utility Rebates and can do the same with South Bend. <br />Related to your project, Bowen is a NIPSCO Trade Ally. <br />