http://www.quicken.com/investments/news/story/bw/?story=/news/stories/ 
bw/20020212/a2118.htm&symbol=SSPC

Southern States Power Co. Receives Approval For Up To $7.5 Million 
Feedstock Subsidy Under U.S. Department of Agriculture Bio-Energy 
Program

Updated: Tuesday, February 12, 2002 08:18 AM ET   ONTARIO, 
Calif.--(BUSINESS WIRE)--Feb. 12, 2002--Southern States Power Co. 
Inc. (OTCBB:SSPC) today announced that the company has received 
notification that its application has been approved for the 2002 
United States Department of Agriculture Bio-Energy Subsidy Program 
(CCC-850).

As a result of the growing national interest of developing renewable 
energy sources, the U.S. government initiated this program to support 
renewable fuel production. Under the subsidy, the company will be 
reimbursed quarterly for purchases of bio-based feedstock used in the 
production of biodiesel.

Harrison A. McCoy III, CEO of Southern States Power Co., commented, 
"Approval of the company's application represents an important step 
in development of Southern States as a biodiesel producer and is 
another milestone in its expanding corporate strategy, putting 
Southern States in an ideal position to capture a substantial portion 
of the regional market.

"This program also assists U.S. efforts to establish homeland energy 
security and shift payments from foreign oil interests to America's 
farmers, assisting in the overall health of domestic agriculture," 
McCoy added.

All biodiesel produced from soy oil by Southern States Power Co. for 
fiscal year 2002, up to a maximum amount of $7.5 million, will be 
eligible under the Bio-Energy subsidy program. The subsidy includes 
biodiesel produced from the Coachella joint venture plant, as well as 
any soy-based biodiesel produced at planned facilities in Reno, Nev., 
Phoenix, and Sacramento, Calif.

About Southern States Power Co.

Southern States Power Co. is a fully reporting publicly traded 
company, whose core business is to develop, produce and distribute 
alternative fuels, particularly its OxEG Biodiesel. Southern States 
Power Co. has two synergistic divisions: one for the production and 
sale of biodiesel and the other devoted to the generation of power 
using alternative fuels.

Tightening clean air standards and growing fossil fuel costs are 
forcing municipal and private commercial fleets to look toward 
alternative fuel products. Major biodiesel initiatives have been 
passed at the federal and state levels across the United States.

More information can be found at the company's Web site: 
<http://www.sspowerco.net/>www.sspowerco.net or call 909/476-3575, or 
e-mail Investor Relations at: [EMAIL PROTECTED]

Biofuel at Journey to Forever:
http://journeytoforever.org/biofuel.html
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