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NEWS RELEASE

Consumers Energy
2075 Marshalltown Blvd.
Marshalltown, IA 50158
800-696-6552

Release Date: Immediate

Contact: Deb Borton @ 641-752-1593

Consumers Energy Provides Gas Service to Pink Lake Corn Processors

February 18, 2004, Marshalltown, IA – Pine Lake Corn Processors of Steamboat Rock and Consumers Energy Cooperative of Marshalltown jointly announce a partnership between their two entities regarding the delivery of natural gas service.

"We are excited for the local owners of the ethanol plant and are looking forward to the opportunity to become a trusted energy resource." Brian Heithoff, CEO and General Manager of Consumers Energy, said. "As a member-owned cooperative, we will work hard in a spirit of cooperation with our newest member and owner."

Consumers Energy Cooperative is a locally-owned organization whose mission is to identify, understand and provide energy solutions to its members and customers in Hardin, Marshall, Story, Polk, Tama and Jasper Counties. It has been in operation since 1938 and is headquartered in Marshalltown. Consumers Energy is a Touchstone Energy cooperative, which is an alliance of local, consumer-owned electric utilities serving millions of businesses and homes across the country.

James Broghammer of Pine Lake Corn Processors said, "Consumers Energy displays the values that we like to see in companies we intend to do business with. We intend to be operational late this year and having a natural gas partner in place is a tremendous advantage given all we have yet to accomplish."

Pine Lake Corn Processors is a locally-owned organization that will build, own and operate a 20,000,000 gallon a year dry-mill ethanol production plant north of Steamboat Rock. Financing is in place and operations will be at full production by the beginning of 2005.


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