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

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