PPM adds 144-megawatt Wyoming plant to its wind portfolio
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September 10, 2003
PORTLAND, Ore. - PPM Energy, Inc. (PPM), ScottishPower's (NYSE: SPI) competitive US energy business, today announced that it will purchase the entire output of the largest wind project in Wyoming from FPL Energy, LLC, a subsidiary of FPL Group (NYSE:FPL).
PPM is marketing the output to customers in Utah, Wyoming and Colorado. The company has a 725-megawatt wind supply portfolio, including 446 megawatts from the operating Stateline and High Winds Energy Centers, both wind projects also owned by FPL Energy. PPM balances its supply portfolio with sales to wholesale customers, placing almost all of its output in long-term contracts. Major customers include the cities of Seattle, Sacramento, Pasadena, Anaheim as well as investor-owned utilities such as Alliant Energy and Xcel Energy and the federal Bonneville Power Administration.
FPL Energy will construct 80 1.8-megawatt wind turbines at a site in Uinta County, approximately 10 miles northeast of Evanston in southwestern Wyoming. The turbines will have a generating capacity of 144 megawatts, providing enough electricity to power the equivalent of more than 43,000 homes. Construction is expected to be completed by the end of 2003.
"PPM thanks Wyoming's lawmakers for their foresight and resolution in passing the legislation that helped make this project possible," said Terry Hudgens, PPM's CEO. Wyoming lawmakers this year exempted the equipment used to build wind turbines from the state's sales tax.
In addition, FPL Energy and PPM have announced a 16-megawatt expansion of the High Winds Energy Center located in Solano County, Calif., bringing the total capacity of that facility to 162 megawatts. PPM purchased the entire output from the High Winds Energy Center under a long-term contract. Construction of the additional 16 megawatts began this summer and will be completed by the end of 2003.
With a portfolio of more than 700 megawatts of wind power currently in operation or under construction, PPM has a goal of bringing 2,000 megawatts of new wind power to market by 2010. PPM also has about 800 megawatts of clean gas resources under its control to give customers a wide range of options for adding environmentally responsible energy to their portfolios. The American Wind Energy Association honored PPM with its "Market Maker of the Year" award for aggressively finding markets for wind power. For more information, please visit www.ppmenergy.com.