April 15, 2008 - Innovest Strategic Value Advisors, the world's #1 provider of financial research that quantifies hidden risks and value, today released a case study on coal-plant financing called 'Sunflower Electric Power: Carbon Risks Outweigh Benefits of Holcomb Expansion'. The report examines how current and proposed regulatory scenarios, alternatives to coal-fired generation, regulatory and stakeholder opposition, and rising construction costs continue to shift the competitive balance away from coal-fired electricity generation.

Innovest examined the economics of the transaction and determined that under the most plausible regulatory scenarios the decision to build new coal generating capacity will put Sunflower Electric's ratepayers – who in this particular case are the actual owners – at significant risk. The report concludes that Sunflower’s management has not adequately addressed the competitive and financial risks associated with climate change in deciding to pursue the expansion of its Holcomb Station power plant.

The report is now available on Innovest's website www.innovestgroup.com.

For more information, please contact the authors.

Ratings and research reports from Innovest Strategic Advisors analyzing the environmental, social and governance performance of over 1,750 companies and their industries, including the Global 100 Most Sustainable Corporations, is available through Innovest's partner CSRwire at www.csrwire.com/reports/independent

About Innovest

Innovest Strategic Value Advisors is an internationally recognized investment research and advisory firm specializing in analyzing companies' performance on environmental, social, and strategic governance issues, with a particular focus on their impact on competitiveness, profitability, and share price performance. Innovest currently has offices in New York City, Toronto, San Francisco, London, Paris, Sydney, and Tokyo. For the second year in a row, Thomson Extel named Innovest the #1 Leading Independent Research Provider of 'extra-financial research'.