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): March 6, 2003
Environmental Power Corporation
(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 March 6,
2003.
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 execution of a Letter of
Intent with Dairyland for a strategic alliance to enable the deployment of
animal waste to energy systems producing up to 25 MW of distributed electricity;
enabling numerous farms to lessen their impact on the environment; respond to
EPA regulations; profit from the production of renewable energy; Dairyland
enjoying many years of reasonably priced renewable electricity and fulfilling
its commitment to preserving and protecting the quality of the environment;
beliefs as to the proposed strategic alliance with Dairyland serving as a model
for other regions in America 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 Letter of Intent,where the environment, the farmers
and electric consumers can gain solid benefits; 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, 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 September 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
March 6, 2003 By:
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/ /R. Jeffrey Macartney
Treasurer and
Chief Financial Officer
(principal accounting officer
and authorized officer)