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EXHIBIT 1 <br /> DESCRIPTION OF WORK <br /> WHITE RIVER HYDROELECTRIC PROJECT <br /> AT LOCK AND DAM NO. 1 <br /> The following describes RMI ' s scope of work to be provided <br /> to the City of Batesville in support of securing financing for <br /> the White River Hydroelectric Project at Lock and Dam No. 1, the <br /> scope of which project is set out in the City' s Federal Energy <br /> Regulatory Commission (FERC) License Application for Projects No. <br /> 4204. <br /> I. Description of Work Scope <br /> A. RMI Responsibilities and Tasks <br /> TASK 1 - Review Completed Work on Projects <br /> 1. 1 Review FERC license application <br /> 1. 2 Meet with the Engineers to confirm assumpt- <br /> ions and methods used to develop project <br /> capacity, energy generation, configuration <br /> and costs. <br /> TASK 2 - Independent Evaluation <br /> 2.1 Confirm, in cooperation with the Engineers, <br /> whether the project ' s capacity and turbine <br /> configuration is the preferred approach based <br /> on recent changes in local power rates <br /> (June 7, 1985 rate action by FERC on Arkansas <br /> Power and Light Company rates) . <br /> -1- <br />