ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On November 3, 2008, the operating subsidiaries of MMC Energy, Inc. (the "Company"), MMC Energy North America, LLC, MMC Mid-Sun LLC, MMC Chula Vista LLC and MMC Escondido LLC, executed an Energy Management Agreement (the "Agreement") with Macquarie Cook Energy LLC and Macquarie Cook Power Inc. (collectively, "Macquarie").

Macquarie will provide energy management services effective November 1, 2008 for the Company's MMC Mid-Sun, MMC Escondido and MMC Chula Vista power generation facilities. Under the terms of the Agreement, Macquarie has the exclusive agency right to purchase fuel, and sell energy and ancillary services for the Company. Macquarie will also act as the Company's scheduling coordinator with the California Independent System Operator.

Macquarie will receive a fixed monthly fee and a monthly performance incentive for revenues generated in excess of the Company's approved budget for the facilities. The Agreement term is one year and is automatically renewed month-to-month subject to the right of either party to terminate with 30 days prior written notice.

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