ENERGY INVESTORS FUNDS HIRES ROB FRANSON AS VICE PRESIDENT

NEEDHAM, MA (May 19, 2009) Energy Investors Funds (“ EIF ”), an established private equity fund manager that invests in the U.S. energy and electric power sector, announced today that Rob Franson has joined EIF as a Vice President in its Needham, MA office, where he will be responsible for the management of portfolio investments.

Mr. Franson comes to the firm from Bank of Ireland, where he was a member of the Global Project Finance team and responsible for all phases of deal completion, including deal origination, underwriting and transaction structuring.  Prior to Bank of Ireland, he worked for GE Energy Financial Services, where he underwrote numerous deals across the energy industry including power generation facilities, deepwater drilling rigs and LNG terminals.  Mr. Franson is a Major in the United States Marine Corps Reserve and has served throughout the Middle East and Afghanistan.  He received a B.E. from the State University of New York Maritime College and an MBA from the University of Maryland.

“We’re very excited to bring Rob aboard,” said Mark Segel, a Partner of EIF .  “It’s an extremely active time in the power industry and we think Rob will help us manage our investments in a way that best benefits our partners and the markets we serve.”

“I’m thrilled to be joining such an experienced team at EIF ,” said Franson.  “It’s an honor to be joining the preeminent private equity firm in the power sector and I believe I’ll be able to use my experience and relationships in the industry to help the firm achieve its goals.”

About Energy Investors Funds

EIF was founded in 1987 as the first private equity fund manager dedicated exclusively to the independent power and electric utility industry.  Its consistent, proven investment strategy is to create geographically and technologically diversified portfolios of electric power-related assets that provide superior risk-adjusted equity returns with current cash flow and capital appreciation.  As an investment manager,  EIF seeks to mitigate commodity risk (fuel and electricity) by focusing primarily on acquiring power assets with long-term off-take contracts.  EIF has mobilized over $3.4 billion in capital raised in seven funds, and currently manages four private equity funds from its offices in Boston , New York , and San Francisco .  These funds have made over 100 diversified investments with a combined underlying asset value exceeding $7 billion.  EIF controls 4,000 MW of operating power assets with another 2,200 MW of power assets under development or construction. For more information visit www.eif.com.

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