METRETEK TECHNOLOGIES INC
EX-10.39
<DOCUMENT>
<TYPE>EX-10.39
<SEQUENCE>2
<FILENAME>l12661aexv10w39.txt
<DESCRIPTION>EX-10.39
<TEXT>
<PAGE>
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                                                                   Exhibit 10.39

                           METRETEK TECHNOLOGIES, INC.

             SUMMARY SHEET OF COMPENSATION OF NON-EMPLOYEE DIRECTORS

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<S>                          <C>
Annual Retainer:             $2,000 per month (in cash)

Stock Options upon Initial   5,000 shares
Election:

Annual Stock Options:        2,500 shares annually on the date of the Annual
                             Meeting of Stockholders

Terms of Stock Options:      Exercise price = closing price of Common Stock on
                             date of grant Non-qualified stock options (NQSOs),
                             immediate vesting, 10 year term
</TABLE>
</TEXT>
</DOCUMENT>
