PSO has signed agreements for the long-term purchase of nearly 600MW of wind energy from facilities currently under development in northwestern Oklahoma and the Oklahoma panhandle.
Long-term Renewable Energy Purchase Agreements (REPAs) totaling 598.7 megawatts will provide PSO customers with energy from wind farms near Seiling, Balko, and Goodwell beginning in 2016. The agreements are for 20 years and are subject to approval by the Oklahoma Corporation Commission.
The new REPAs are a result of a Request for Proposals (RFP) issued June 10, 2013, in which PSO sought long-term purchases of up to 200MW of new wind energy resources.
The decision to contract for an additional 400MW was based on pricing opportunities that are expected to lower costs for PSO’s customers by an estimated $53 million in the first year of the contracts. Annual savings are expected to grow each year over the lives of the contracts.
The new series of 20-year agreements includes: 199.8MW from Balko Wind, LLC, owned by Apex Clean Energy Holdings, LLC; 198.9MW from Seiling Wind, LLC, owned by NextEra Energy Resources, LLC; and 200MW from the Goodwell Wind Project, LLC, owned by TradeWind Energy.
For more information, visit www.psoklahoma.com.