in News Departments > Projects & Contracts
print the content item

OG&E has reached a settlement agreement on its application for approval of the OU Spirit wind farm that is pending before the Oklahoma Corporation Commission (OCC). OU Spirit, a 10 MW facility under construction near Woodward, Okla., is expected to be complete in December.

The agreement asks for an OCC order establishing a temporary addition, or rider, to OG&E customers' monthly electric bills that will enable the utility to begin recovering construct costs as each of the wind farm's 44 new turbines comes online.

The agreement calls for OG&E to pass through to Oklahoma retail customers 100% of the renewable energy certificate (REC) revenues generated by the sale of the RECs to the university. The net impact on the average residential customer's 2010 electric bill should be approximately $0.90 more per month, decreasing to $0.80 per month in 2011.

When completed, the facility is expected to cost approximately $270 million. OU Spirit will be added to OG&E's regulated rate base as part of a general rate case in 2011, which would end the temporary rider. An OCC hearing on the OU Spirit application is scheduled to go before an administrative law judge on Oct. 28.

SOURCE: OG&E Energy Corp.


Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934