LG&E ENERGY SELECTED FOR $31 MILLION IMPLEMENTATION
OF AIRBORNE'S MULTI-POLLUTANT CONTROL PROCESS
Ground-Breaking Process Reduces Harmful Emissions & Turns Pollution Into Fertilizer

(CALGARY, CANADA - March 13, 2003) The US Department of Energy received 36 proposals for projects valued at more than US$5 billion in the first round of President Bush's Clean Coal Power Initiative. We are especially pleased to announce that LG&E Energy Corp was 1 of only 8 successful proposals and has been selected for US$31 million in funding for the implementation of Airborne's multi-pollutant control process (the Airborne Process) at Kentucky Utilities' Ghent Generating Station.

Coal-fired power plants currently generate the majority of electrical power in North America and proven coal reserves are estimated to be sufficient to fulfill current rates of consumption for another 220 years. Additionally, coal is inexpensive and reduces North America's dependency on foreign energy resources. The Airborne Process is the enabling technology that allows for a balance between economic growth, environmental protection and secure domestic energy reserves.

LG&E Energy Corp and Kentucky Utilities have teamed with Airborne Pollution Control, US Filter, The Babcock & Wilcox Company and Icon, Inc. to conduct the first-ever commercial scale demonstration of the proprietary Airborne Process. LG&E Energy Corp and the U.S. Department of Energy's National Energy Technology laboratory will jointly manage the technical aspects and funding of this project.

Airborne's 5 MW facility, located at Kentucky Utilities' Ghent Generating Station, is a scaled down version of the proposed commercial scale demonstration facility. Together with LG&E Energy Corp, the Airborne team will analyze findings from the 5 MW facility and undertake a detailed engineering study to finalize the capital and operating costs of a commercial scale facility.

The patented Airborne Process employs dry and wet sodium bicarbonate scrubbing for combined NOx and SOx emissions reduction. The sodium based scrubbing is used in conjunction with Airborne's innovative process for the regeneration of the sodium bicarbonate reagent and the production of a high grade fertilizer byproduct. The fertilizer byproduct is granulated using Airborne's patented technology to produce a profitable fertilizer that will be marketed by Potash Corporation of Saskatchewan Inc.

If the expected emission reductions are recorded and the cost of the Airborne Process is proven to be significantly less than the combined costs of traditional NOx and SOx removal technologies, the commercial project at the Ghent Generating Station is expected to proceed in accordance with LG&E Energy Corp's ongoing emissions reduction program.

Airborne Pollution Control Inc. is a Calgary, Canada based Private Corporation that has developed and has exclusive rights to patents throughout the world for an advanced pollution control process (the Airborne Process) for utilities that generate electrical power from coal-fired power plants. With over 50% of North America's and over 33% of the world's electrical power generated from coal, the Airborne Process addresses a global concern by removing acid rain causing sulphur dioxide (SO2) and sulphur trioxide (SO3), smog producing nitrogen oxide (NOx) and mercury from plant emissions. The scrubbing agent used to remove the pollutants is sodium bicarbonate. Unlike other scrubbing procedures, the sodium bicarbonate is regenerated in the process, reducing operating costs, increasing efficiencies, reducing waste and most notably, the Airborne Process turns the sulphur and nitrogen pollutants into a high-quality granular fertilizer. The Airborne Process allows the benefits of coal to be maximized in an economical and environmentally responsible manner.

Icon, Inc. is a private corporation that specializes in providing engineering (through its affiliate, Datel Engineering), construction, and facility operating services for industrial applications. Icon is known globally for its innovative solutions and commercialization of new technologies in the steel and aluminum industries. Icon's extensive experience with pan granulation, agglomeration, and material handling is directly applicable to Airborne's fertilizer production facility.

Potash Corporation of Saskatchewan Inc. (TORONTO; NYSE: POT) is the world's largest manufacturer and distributor of fertilizer. Airborne has negotiated a worldwide storage, distribution and marketing agreement with PotashCorp.

The Babcock & Wilcox Company (B&W) has been supplying innovative solutions to meet the world's growing energy needs for over 130 years. With power generation systems and equipment installations in over 90 countries for more than 800 utilities and industries, B&W is a global leader in providing engineering and construction services.

US Filter's HPD Systems (NYSE: V) is a global leader in evaporation and crystallization technology. USFilter has annual revenues in excess of US$4 billion and employs more than 15,000 people and has partnered with Airborne to design and build the equipment necessary for the Airborne regeneration facility.

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