in News Departments > Projects & Contracts
print the content item

Lucky Corridor LLC, developer of a planned transmission project in northern New Mexico, has signed an anchor tenant agreement with Gallegos Wind Farm LLC to use 300 MW of the transmission project's estimated 850 MW of east-to-west capacity.

The Federal Energy Regulatory Commission granted Lucky Corridor authority to engage in negotiations with anchor customers in October 2012. The transmission project includes 100 miles of planned double-circuit, 230 kV line, plus additional upgrades to systems west of the project.

The Gallegos project, which is owned by an affiliate of an agricultural conglomerate based in Texas, plans to develop energy resources on up to 40,000 acres in Union County, N.M. Current efforts are under way by Gallegos to win power purchase agreements at the Four Corners NYMEX hub.

“Transmission upgrades in the renewable energy and gas resource areas near Four Corners, such as we have proposed, are a step toward protecting this NYMEX hub and its large historic distribution network as the Western grid’s energy resource mix evolves,” says Lynn Greene, CEO of Lucky Corridor.

In addition, a new memorandum of understanding between Lucky Corridor LLC and the New Mexico Renewable Energy Transmission Authority (NM RETA) was approved as of July 16. Pursuant to that contract, NM RETA will assist in the design of Lucky Corridor’s construction phase project finance structure.




Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015