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.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.

Hybrid Energy Innovations 2015
Renewable NRG_id1934
BG 2015DblBox_id2032
Canwea_id1984