Edison Mission Group Adds Texas Wind Energy Project to Its Renewable Portfolio
Posted on: Tuesday, 21 February 2006, 15:01 CST
Edison Mission Group (EMG), a subsidiary of Edison International (NYSE:EIX), announced today that it has finalized an agreement to acquire the 161-megawatt (MW) Wildorado Wind Ranch(TM) located in the panhandle of northern Texas.
EMG purchased the project from Cielo Wind Power, LP, a leading Texas-based, wind generation developer, which will retain a minority interest. Upon completion of construction, the electricity produced by Wildorado will be sold to Southwestern Public Service, a subsidiary of Xcel Energy, under a long-term power purchase agreement.
"Edison Mission Group continues to build a significant wind energy portfolio across the country," said EMG CEO Ted Craver. "The Wildorado project will provide Texas with a valuable new source of environmentally friendly electricity. In this time of rising energy costs, it is especially important that we develop both new capacity and more diversity in our energy supply."
The project will include 70 turbines. Construction will begin in the spring of 2006, with commercial operations expected in early 2007.
With the acquisition of Wildorado, EMG has a national wind portfolio of 477 megawatts (MW) at 10 sites in Iowa, Minnesota, New Mexico and Texas. In addition, EMG is working with local developers to permit a 90 MW project in Maine, and has entered into a joint development agreement that is expected to result in several new projects with Midwest Wind Energy of Chicago. Related facts - EMG wind energy projects nationwide: PROJECT NAME STATE CAPACITY (MW) Bingham Lake MN 15 Eastridge MN 10 Lakota Ridge MN 11 San Juan Mesa NM 120 Shaokatan Hills MN 12 Storm Lake IA 113 West Pipestone MN 8 Westridge MN 17 Wildorado TX 161 Woodstock Hills MN 10
Edison Mission Group is a subsidiary of Rosemead, Calif.-based Edison International (NYSE:EIX), an electric power generator and distributor, and an investor in infrastructure and renewable energy projects with assets totaling more than $33.6 billion. The EMG wind projects referred to above are owned by Edison Capital. EMG is not the same company as SCE, the utility, and the California Public Utilities Commission does not regulate the terms of EMG's products and services.
Source: Business Wire
Related Articles
- Detroit Edison Seeks Information on Wind Energy Projects
- Focus on the World Wind Energy Market
- Horizon Wind Energy Hosts Celebration at Lone Star Wind Farm
- NACEL Energy to Add 20 MW of New Capacity in Nation's Premier Wind Energy Corridor
- GE Energy Financial Services to Invest in Stanton Wind Energy Project
- Constellation Energy to Enter Second Power Purchase Agreement With Horizon Wind Energy Twin Groves Project
- Hydrogen Engine Center, Inc. Generator Set Featured in Wind-to-Hydrogen Demonstration Project
- China Exclusive: Wind Energy to Serve As China's Major Power Driver: Report
- San Diego utility to supply wind energy
 |
 |
User Comments (0)
RSS Feeds