OG&E Gets Regulatory Nod For Wind Power Buy
January 11, 2010 (FinancialWire) — OGE Energy Corp. (NYSE: OGE) said that the Oklahoma Corp. Commission has issued two orders authorizing the company’s purchase of electricity from new wind farms currently being developed in northwestern Oklahoma.
According to the company, OCC orders clear the way for OG&E’s customers to receive electricity from a 150-megawatt wind farm being constructed by CPV Keenan in Woodward County and a 130-megawatt facility being built by Edison Mission Energy in Dewey County near Taloga.
Both wind farms are scheduled to be in production by year-end. The Commission approved 20-year power-purchase agreements, under which the developers will build, own and operate the wind farms and OG&E will purchase their electric output.
Oklahoma-based OG&E serves more than 776,000 customers in a service territory spanning 30,000 square miles in Oklahoma and western Arkansas.
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