Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          03-199-12-08  04-163624                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%          88%                             
04-MRN-101-0.9/1.1                    Federal Project:                                  
04-SF-280-R2.7/R2.8                                     ACIM-280-1(103)                 
                             ACNH-P101(994)                                             
                                                                                        
Progress payment No. 11            Payment period ending: 07-20-03                      
ROYAL ELECTRIC COMPANY                                                                  
P O BOX 231430                                                                          
SACRAMENTO CA 958231430                                                                 
                                                                                        
                                                                                        
Escrow No.  02014                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,780,768.00       39,132.76                      
2.a. Extra Work                           9,320.76            0.00                      
  b. Adjustment Comp.                   -12,493.01            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,777,595.75       39,132.76                      
5. Mobilization                                                                         
6. Total Work Completed    1,777,595.75                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -88,879.79       -1,956.64                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,688,715.96       37,176.12                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow        88,870.00                                                  
12. Net Pymt. this Estimate                              37,176.12