efc8-1093_ex991.htm

UNITED STATES BANKRUPTCY COURT			Exhibit 99.1
NORTHERN DISTRICT OF GEORGIA
NEWNAN DIVISION


	}	CASE NUMBER
	}	02-10835
	}
The NewPower Company, et. al.	}	JUDGE	W. Homer Drake, Jr.
	}
DEBTORS	}	CHAPTER 11

DEBTOR'S MONTHLY FINANCIAL REPORTS (BUSINESS)


FOR THE PERIOD

FROM 5/31/2008 to 6/30/2008

Comes now the above-named debtor and files its Periodic Financial Reports in accordance with the Guidelines established by the United States Trustee and FRBP 2015.


		Paul Ferdinands
		Attorney for Debtor

Debtor's Address		Attorney's Address
and Phone Number		and Phone Number

P.O. Box 17296		191 Peachtree St.
Stamford, Ct 06907		Atlanta, GA 30303
Tel: (203) 329-8412		Tel: (404) 572-4600

NewPower Holdings, Inc.
Case Number: 02-10835	Post Petition
	Totals
For Period from May 31, 2008 to June 30,2008

Opening Cash Balance -4/30/08	$ 1,162

Inflows:
Customer Collections
Collateral Returned
-Sureties
-Security Deposits
Sale Proceeds/Interest Income/Other	1
Total Inflows	1
		Distribution of Outflows
Outflows:		NewPower	The NewPower
Post Petition:		Holdings, Inc.	Company

Professionals - Bankruptcy	3	3
Consulting Fees
Lockbox Fees
Supplies & Misc
Rent	1	1
Insurance
Utilities (Heat, Hydro, Phone, etc.)	0	0
Payroll (inlcuding tax payments & fees)	15	15
T&E Reimbursements
State Tax Payments
Distribution to Equity
Total Outflows	19	19

Net Cash Flows	(18)

Closing Cash Balance	$ 1,144

Amount of Cash Balance in Reserve for
Classes 8 -12

Attachment 1

NewPower Holdings, Inc.
Case Number: 02-10835
Monthly Accounts Receivable Aging and Reconciliation
For Period from May 31, 2008 to June 30,2008
Amounts in $000's


Accounts Receivable at Petition Date:	$ 75,200


Beginning of Month Balance* - Gross	$ 13,476	(per5/31/08 G/L)
PLUS: Current Month New Billings	-
LESS: Collections During the Month	-

End of Month Balance - Gross	$ 13,476	(per 6/30/08 G/L)
Allowance for Doubtful Accounts	(13,476)

End of Month Balance - Net of Allowance	$ -

Note:	The accounts receivable aging below relates only to deliveries to
	customers subsequent to the June 11, 2002 petition date.



	AR Aging for Post Petition Receivables

	Current	> 30 days	> 60 days	Total

	$ -	$ -	$ 111	$ 111

Attachment 2

NewPower Holdings, Inc.
Case Number: 02-10835
Monthly Accounts Payable and Secured Payments Report
For Period from May 31, 2008 to June 30,2008
Amounts in $000's


See attached System Generated A/P reports as of 6/30/2008(Attachments 2A and 2B).


Beginning of Period Balance	$ 60	(per5/31/08 G/L)
PLUS: New Indebtedness Incurred	16
LESS: Amounts Paid on A/P& taxes	(16)

End of Month Balance	$ 60	(per 6/30/08 G/L)

		Type	Date	Amount	Balance
	Arkadin, Inc.				0.00
		Bill	06/25/2008	18.57
		Bill Pmt -Check	06/25/2008	-18.57	-18.57
	Total Arkadin, Inc.			0.00	-18.57

	AT&T				0.00
		Bill	06/10/2008	21.36	21.36
		Bill Pmt -Check	06/10/2008	-21.36	0.00
		Bill	06/25/2008	3.52	3.52
		Bill Pmt -Check	06/25/2008	-3.52	0.00
	Total AT&T			0.00	0.00

	Bracewell Patterson				-805.76

	Total Bracewell Patterson				-805.76

	epiq Systems				0.00
		Bill	06/11/2008	387.49	387.49
		Bill Pmt -Check	06/11/2008	-387.49	0.00
		Bill	06/25/2008	400.21	400.21
		Bill Pmt -Check	06/25/2008	-400.21	0.00
	Total epiq Systems			0.00	0.00

	Iron Mountain Off-Site Data Protection				0.00
		Bill	06/10/2008	499.85	499.85
		Bill Pmt -Check	06/10/2008	-499.85	0.00
	Total Iron Mountain Off-Site Data Protection			0.00	0.00

	Kaster Moving Co. Inc.				0.00
		Bill	06/10/2008	523.80	523.80
		Bill Pmt -Check	06/10/2008	-523.80	0.00
	Total Kaster Moving Co. Inc.			0.00	0.00

	Sidley Austin Brown & Wood				0.00
		Bill	06/11/2008	2,457.75	2,457.75
		Bill Pmt -Check	06/11/2008	-2,457.75	0.00
	Total Sidley Austin Brown & Wood			0.00	0.00

TOTAL


	Does not include payroll transactions including tax payments

Page 1 of 4

Attachment 3

NewPower Holdings, Inc.
Case Number: 02-10835
Inventroy and Fixed Assets Report
For Period from May 31, 2008 to June 30,2008
Amounts in $000's

Inventory Report

Inventory Balance at Petition Date	$ 15,587


Inventory at Beginning of Period	$ -	(per5/31/08 G/L)
PLUS: Inventrory Purchased	-
LESS: Inventory Used or Sold	-

End of Month Balance	$ -	(per 6/30/08 G/L)


Inventory is generally costed at the lower of cost or market. By the end of July 2002 we had sold
all of our gas inventory either to retail customers or financial buyers as part of our asset sales.

Fixed Asset Report

Book Value at Petition Date	$ 1,238

Our fixed assets at petition date consisted of office furniture and equipment. These assets
were transferred to our lessor in June 2002 as part of the settlement of our lease obligation.

Fixed Assets at Beginning of Period	$ -
Less: Depreciation Expense	-
Less: Dispositions	-
Add: Purchases	-

Fixed Assets at End of Period	$ -

Attachment 4

Page 1 of 3

Name of Debtor :	NewPower Holdings Inc.
Case # :	02-10835
Reporting Period:	6/01/2008-6/30/2008

Name of Bank:	JP Morgan Chase
Branch:	New York ABA # 021000021
Account Name:	The New Power Company Concentration Account
Account Number:
Purpose of Account:	Concentration Account

Beginning Balance	$ 169,828.43
Total Deposits	$ 240.33	interest
Total Payments	$ 15,003.15
Closing Balance	$ 155,065.61
Service Charges

Electronic Payments issued this Period			EP5
Last Payment issued this Period			EP 13
Total # of paymentsthis Period			9

Attachment 4

Page 2 of 3

Name of Debtor :	NewPower Holdings Inc.
Case # :	02-10835
Reporting Period:	6/01/2008-6/30/2008

Name of Bank:	JP Morgan Chase
Branch:	New York ABA # 021000021
Account Name:	The New Power Company
Account Number:
Purpose of Account:	Money Market

Beginning Balance	$ 1,009,392.29
Total Deposits	$ 692.69	Interest Income
Total Payments	$ 3,931.74	Payroll Taxes
Closing Balance	$ 1,006,153.24
Service Charges	$ -

First Check issued this Period		N/A
Last Check issued this Period		N/A
Total # of checks issued this Period		N/A

Attachment 4

Page 3 of 3


Name of Bank:	JP Morgan Chase
Branch:	Syracuse, NY
Account Name:	The New Power Company
Account Number:
Purpose of Account:	Controlled Disbursements (A/P)

Beginning Balance	$0.00
Total Deposits	$7,281.79
Total Payments	$7,281.38
Closing Balance	$0.00
Service Charges	N/A

First Check issued this Period		201224
Last Check issued this Period		201225
Voided Checks
Total # of checks issued this Period		2

Exhibit 5

The New Power Company

Check Detail

June 2008

Type	Num	Date	Name	Paid Amount

Liability Check	wire	06/10/2008	United States Treasury	3,931.74
Bill Pmt -Check	EP5	06/10/2008	AT&T	21.36
Bill Pmt -Check	EP6	06/10/2008	Iron Mountain Off-Site Data Protection	499.85
Bill Pmt -Check	EP7	06/10/2008	Kaster Moving Co. Inc.	523.80
Bill Pmt -Check	EP 8	06/11/2008	epiq Systems	387.49
Bill Pmt -Check	EP 9	06/11/2008	Sidley Austin Brown & Wood	2,457.75
Bill Pmt -Check	EP 10	06/25/2008	AT&T	3.52
Paycheck	EP 11	06/30/2008	M. Patricia Foster	3,388.81
Bill Pmt -Check	EP12	06/25/2008	Arkadin, Inc.	18.57
Bill Pmt -Check	EP13	06/25/2008	epiq Systems	400.21
Liability Check	201224	06/10/2008	CT Commissioner of Revenue Services	504.16
Paycheck	201225	06/13/2008	M. Patricia Foster	3,388.81

Attachment 6

Attachment 7A

NewPower Holdings, Inc.
Case Number: 02-10835
Summary of Officer Compensation / Summary of Personnel and Insurance Coverages
For Period from May 31, 2008 to June 30,2008
Amounts in $000's


Summary of Officer Compensation

See supplemental attachment.

Personnel Report
	Full Time	Part Time
# of Employees at beginning of period		1
# hired during the period	-	-
# terminated/resigned during period	-	-
# employees on payroll - end of period	0	1

# of employees on temporary consulting assignments		0

Confirmation of Insurance

See supplemental attachment. *

* Omitted

Attachment 7B

(Supplemental)

Attachment 8

NewPower Holdings, Inc.

Case Number: 02-10835

Significant Developments During Reporting Period

For Period from May 31, 2008 to June 30,2008

none