Dallas, April 11, 2006 - The state of Texas recently awarded an exclusive energy management services contract to LBP Energy Management. The four and a half-year, $30 million contract was executed on March 15, 2006.

Under terms of the contract, LPB will be the “exclusive provider of energy procurement, energy and utility bill auditing, energy and utility bill processing and bill payment services to state agencies of the State of Texas.”Other state entities may also elect to participate in the new energy management program. With the signing of this contract, LPB becomes one of the largest consultants in the field of energy management in the state, representing approximately 5% of the energy procurement market.

Matthew Berke, LPB President and CEO, said, “We are very proud to have won this contract. We were elated that during the public hearing announcing the bid winners, the state unanimously approved LPB as the successful respondent.”

Berke founded LPB Energy Management in 1999. In addition to energy procurement services, LPB also provides consulting on demand-side management, using The Utility Manager™ Software and advising clients on behavior modification programs and small capital investments used to lower energy demand. In 2005, Berke founded LPB Wholesale Electric Trading, L.P., in order to increase the firm’s offering of innovative energy management solutions.