Management

Primary Energy is responsible for its executive management and has contracted with CPI Ventures USA LLC ("Capital Power") to provide operations and administrative services to Primary Energy Recycling Corporation and its subsidiaries.

Services include overseeing all plant operations and maintenance as well as accounting and public filings, etc.

The Manager's team is well qualified to operate projects in the energy industry, and utility and steel operations. Capital Power takes an active role as a hands-on operator of the facilities that it owns.

Management Team

John D. Prunkl

Mr. Prunkl is the President and Chief Executive Officer of Primary Energy and is a member of the Board of Directors. Mr. Prunkl’s experience includes leading EnerTech Environmental as its President and Chief Operating Officer during the commissioning of the world’s first SlurryCarb renewable fuel facility in Rialto, California. Mr. Prunkl held the position of President of Primary Energy and President of EPCOR USA, serving as manager of Primary Energy from 2006 to 2008. From 2001 to 2006 he held the position of Executive Vice President of Operations when Primary Energy and its predecessor Private Power experienced significant growth from a series of successful acquisitions.

Earlier in his career Mr. Prunkl co-founded MetroGen LLC, an energy start up company that was instrumental in the aggregation of standby generators in New York City that prevented brownouts and blackouts. In 1996 Mr. Prunkl joined Illinova Generating Company (now part of Dynegy) as Vice President of Operations where he managed a global portfolio of diverse power generating assets from wind to coal. During this same time period he also served as President of Illinova Resource Recovery, a subsidiary specializing in the generation of electric power from industrial waste byproducts. John Prunkl began his career at GE Power Systems holding a variety of management positions including leading the technical and commercial sale of gas turbines, steam turbines and turnkey power plants primarily in the Asian market.

John holds an MBA from Kellogg School of Management, Northwestern University, a Bachelor of Science in Mechanical Engineering from Auburn University, and a Bachelors of Arts degree in Mathematics from Huntingdon College.

V. Michael Alverson

Mr. Alverson is CFO and Vice President. In this position, he is responsible for the principle administrative functions of the company including accounting, treasury, human resources and information technology. In addition, Mr. Alverson serves as the Investor Relations contact for Primary Energy Recycling Corporation. Mr. Alverson has more than thirty years experience in the energy industry. In 1996 he was one of the founding members of Primary Energy, Inc., a subsidiary of NiSource Inc and predecessor to Primary Energy, where he held several different executive positions, including responsibility for engineering and construction of project facilities, operations and maintenance, project finance and general administration. From 1973 to 1996 he served in various capacities with Northern Indiana Public Service Company (“NIPSCO”), as subsidiary of NiSource Inc, where he began his career. Mr. Alverson held various technical positions, including Manager of Plant Engineering, all involved with the engineering, construction and upgrade projects of coal fired power plants. He also served as NIPSCO’s Director of Special Markets, which interfaced with the utility’s largest industrial customers on all aspects of gas and electric service and with cogeneration issues. Mr. Alverson received a BS in Mechanical Engineering from the University of Missouri — Rolla, and an MBA (Magna Cum Laude) from the University of Notre Dame.

Joseph Powell

Mr. Powell, Senior Vice President - Chief Accounting Officer, has more than twenty years of accounting and financial reporting experience. Previously, Mr. Powell was the Chief Financial Officer for a manufacturing/distribution firm executing a turnaround strategy and also has prior experience serving in the role of Executive Vice President of Finance and Operations for an internet security based technology company that was sold to a public entity. His employment experience also includes approximately seventeen years in the public accounting environment, including eight years in the audit practice at PricewaterhouseCoopers LLP., where his work activity included providing financial statement audit services combined with process development and reengineering capabilities to clients in various industries, as well as assisting companies with the IPO process and meeting public company reporting requirements. Mr. Powell is a Certified Public Accountant. He earned an MBA from Northwestern's Kellogg Graduate School of Management and a BS in Accounting from Indiana University.

Katie Szpyrka

Ms. Szpyrka is the Manager of Finance and has been involved with the business since 2004 in various financial roles. This included a key role in the initial public offering of Primary Energy as well as analysis for acquisitions and financings. She is responsible for the administration of all of Primary Energy's credit facilities. She has been integral in several significant financings including the company's current credit facility. Ms. Szpyrka has a Bachelor of Science in Mathematics from Indiana University (Magna Cum Laude)

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