UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): October 15, 2002
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Environmental Power Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-15472 04-2782065
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One Cate Street, 4th Floor, Portsmouth, New Hampshire 03801
(Address of principal executive offices)
(603) 431-1780
(Registrant's telephone number, including area code)
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99 Press Release of Environmental Power Corporation ("POWR") dated October 15,
2002.
Item 9. Regulation FD Disclosure
The Press Release attached as Exhibit 99 hereto is furnished pursuant to
Regulation FD. It is not filed.
Cautionary Statement
The Private Securities Litigation Reform Act of 1995 (the "Act") provides a
"safe harbor" for forward-looking statements. Certain statements contained in
this press release such as statements concerning the goal of the MOU being to
develop a plan whereby digesters to be installed by Environmental Power and
owned by VPPSA will extract methane from dairy wastes and utilize it to generate
renewable, "green" electricity, benefits to the MOU parties and to the region,
improving economics of dairy farms, signing of a formal sales agreement and
commencement of facility installations, hopes to invite farms to participate and
target market estimates and other statements contained herein regarding matters
that are not historical facts are forward looking statements as such term is
defined in the Act. Because such statements involve risks and uncertainties,
actual results may differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results to differ
materially include, but are not limited to the non-binding nature of the MOU,
the inability to predict the course or outcome of any negotiations with parties
involved with POWR's or Microgy's projects, uncertainties involving development
stage companies, financing requirements and uncertainties, difficulties involved
in developing and executing on a business plan, technological uncertainties,
risks relating to managing and integrating acquired businesses, volatile and
unpredictable developments (including plant outages and repair requirements),
the difficulty of estimating construction, development, repair and maintenance
costs and timeframes, the uncertainties involved in estimating insurance and
implied warranty recoveries, if any, uncertainties relating to general economic
and industry conditions, the amount and rate of growth in expenses,
uncertainties relating to government and regulatory policies, the legal
environment, intellectual property issues, the competitive environment in which
POWR and Microgy operate and other factors, including those described in the
Company's filings with the Securities and Exchange Commission, including the
section "Management's Discussion and Analysis of Financial Condition and Results
of Operations -- Certain Factors That May Impact Future Results" of POWR's
Quarterly Report on Form 10-Q for the period ended June 30, 2002. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of their dates. POWR undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ENVIRONMENTAL POWER CORPORATION
October 15, 2002 By:
/s/ R. Jeffrey Macartney
Treasurer and
Chief Financial Officer
(principal accounting officer
and authorized officer)