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

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965
UnitedEquip_id1995