July 10, 2008

TransCanada Receives Maine LURC Approval for Kibby Wind Farm

TransCanada has announced that the Kibby wind power project has received unanimous final development plan approval from Maine's Land Use Regulation Commission. Construction plans are underway for the 132MW wind project located in the Kibby and Skinner townships in northwestern Franklin County, Maine.

The project will involve the construction of 44 wind turbine generators, each with a rating of 3MW. Permanent operation and maintenance efforts will employ approximately 10 to 12 people. The capital cost of the project is approximately $320 million.

The Kibby wind power project will be the largest wind power development in New England, providing enough clean, renewable electricity for the equivalent of 50,000 average Maine homes. It will also support Maine's twin goals of energy independence and greenhouse gas reduction, while helping to stabilize regional electricity costs.

Electricity generated from the facility will be sold to customers through a combination of short and long-term contracts. TransCanada has already sold a portion of the power and renewable energy credits to buyers in the New England market.

The project recently received approval from the towns of Carrabassett Valley and Eustis for portions of the 115kV transmission line that will connect the project to the ISO New England electrical grid. The Maine Department of Environmental Protection has issued all necessary project permits and the United States Army Corps of Engineers is expected to issue a permit in the short-term.