in News Departments > Projects & Contracts
print the content item

The Oklahoma Corporation Commission (OCC) has approved cost recovery for three wind power purchase agreements recently signed by Public Service Co. of Oklahoma (PSO).

The contracts, totaling 600 MW, are for NextEra Energy Resources' Seiling Wind project, TradeWind Energy's Goodwell Wind project and Apex Clean Energy's Balko Wind project.

According to PSO, estimates show the agreements will reduce customer costs by $53 million in the first year, with annual savings growing over the 20-year length of the contracts.

"These contracts were based on extraordinary pricing opportunities that will provide substantial savings for our customers," says Stuart Solomon, PSO president and chief operating officer. "Another benefit is the diversity that an additional 600 MW of Oklahoma wind energy will bring to our fuel mix."

PSO issued a request for proposals in June 2013 seeking up to 200 MW of new wind energy resources. The utility says the decision to contract for an additional 400 MW was based on all-time-low prices for wind power. When deliveries of energy from the three new wind contracts commence in 2016, PSO's total wind under contract will be 1.137 GW.


Hse SandyHook
Latest Top Stories

DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.


How A GIS Can Help Utilities Address The Aging Workforce And Capitalize On Data

Baby Boomers, whose experience and know-how have served the utility industry so well for decades, are retiring. The author suggests utilities can use a geographic information system (GIS) to fill in resultant knowledge gaps.


Sensus Smart Meters Tied To More Overheating Incidents And Fires

SaskPower is investigating two new meter failures, and Portland General Electric is working to replace 70,000 Sensus units amid fire concerns.


SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.

S&C Electric_id176
edf_id180