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EXHIBIT B <br /> DESCRIPTION OF THE LOAN <br /> (1) Commencement Date: May 20, 2011 <br /> (2) Name and Address of Governmental Agency: <br /> Northern Colorado Water Conservancy District, Colorado acting by and through <br /> its Northern Water Hydropower Water Activity Enterprise <br /> 220 Water Avenue <br /> Berthoud, CO 80513 <br /> (3) Cost of the Project: $6,200,000 <br /> (4) Principal Amount of Loan Commitment: $2,000,000 <br /> (5) Loan Term: Payable in full on or before September 1,2032 <br /> (6) Interest Rate: 2.00%. <br /> (7) Authorized Officers: <br /> Mike Applegate, President of the Board of Directors <br /> Eric Wilkinson, Secretary of the Board of Directors <br /> (8) Loan Repayment Commencement Date: September 1,2013 <br /> (9) Estimated Completion Date: June 2012 <br /> (10) Execution Date: May 20, 2011 <br /> B-1 <br />