In the News



CPV In the News -2010

Woodward News
May 13, 2010
Rowynn Ricks Woodward News

Woodward, Okla. - Woodward's wind power industry continues to grow.

This growth was highlighted by Wednesday's groundbreaking ceremony for the Keenan II Wind Farm southeast of Woodward.

Competitive Power Ventures (CPV) invited community leaders and other dignitaries to the site which over the next several months will have 66 wind turbines erected along an 8-mile stretch of the Sharon-Shattuck road.

According to Sean Finnerty, CPV senior vice president of renewable development, the turbines will be the "same models" as those used at the 44-turbine Keenan I wind farm a few miles to the north, which has become known as the OU Spirit Wind Farm. They will be Siemens 2.3 megawatt turbines, meaning Keenan II will be capable of generating a total of 151.8 megawatts of electricity, Finnerty said, noting that energy has already been promised to OG&E through a power sale agreement, Finnerty said.

However, unlike the OU Spirit Wind Farm, which CPV built and then "sold outright" to OG&E, CPV will "maintain ownership" of the Keenan II Wind Farm, according to CPV CEO Doug Egan.

"This is the first wind farm that CPV will build, own and operate," Egan said, noting this makes Keenan II not only "a milestone for our company; it will be a flagship for our company."

He explained that Keenan II is actually the second phase of what will hopefully be a 3-phase project as his company is already developing plans for a third wind farm, which CPV also plans to maintain ownership of.

But as he addressed the crowd of 60 or so citizens who turned out for the groundbreaking, Egan explained that CPV's "flagship" wouldn't have been possible without community support.

"This type of project can be done just through a development company," he said. "This type of project has to be done through a partnership with a community and a development company."

"The community has been very supportive," Egan said, adding "Woodward County is a great county to do business with."

"We've developed some fantastic relationships as we've worked with the community," Finnerty said, noting that in developing the Keenan II project, CPV has worked with not only landowners, but also the Woodward County Commission and Woodward Industrial Foundation.

The county commissioners and representatives from the Industrial Foundation were both on hand at Wednesday's groundbreaking, as were a number of landowners, including Marlene and Ronald Miller, who will have 7 turbines built on a 480 acre section of their land.

The couple are excited about the project and about the "retirement income" that the turbines will hopefully provide for them, to complement their wheat and cattle farming business.

Marlene Miller added, "I think it's wonderful they can do something with the wind we have out here."

But landowners aren't the only ones who stand to benefit from the project. Sharon-Mutual School Superintendent Emma Sidders attended Tuesday's groundbreaking to show her support for a project that she has been told could mean "an estimated $570,000 a year for the county in taxes."

Sidders said some of that money would translate into "a steady income" for her school district, meaning her budget "won't be so influenced by the economy of the rest of the state."

But since "it'll be a few years," before her school will really begin to see any of that benefit, Sidders said she is excited to get the project under way.

She isn't the only one.

"I'm looking forward to coming out here 9 months from now and seeing them all up and spinning," Egan said of the new 66 wind turbines.

CPV officials said the project is expected to be completed around the end of the year, to cost around $325 million, and will incorporate around 250 workers at the peak of construction with 10 to 20 permanent employees who will remain to service and maintain the turbines.

http://woodwardnews.net/local/x712205833/CPV-breaks-ground-on-wind-farm

Woodward News
February 21, 2010
Jenah Kastelic
Woodward News

Woodward, Okla. — With geographical features particularly well-suited to producing wind, Woodward is quickly becoming a natural place for wind farm installations.

CPV Renewable Energy Company will begin construction in April on a 152- megawatt wind farm planned 12 miles southwest of Woodward.

It is the second phase of a multi-phased wind generation project with a total build-out potential exceeding 400- megawatts. Michael Resca, CPV manager, said many factors made Woodward the ideal location for the project.

Wind productivity was a major factor but Resca said transmission capability and the number of landowners to be dealt with were also taken into consideration. With all this in place, Resca said the company was ready to build on the success of the OU Spirit wind farm that was constructed in 2009.

“This project will provide economic benefits to Woodward County and environmental benefits for many years to come,” said Resca. “This will create good jobs and income for the community, and also help protect consumers against fuel price increases.”

The Keenan II wind farm is expected to be in operation by the end of the year. The wind farm will feature 66, 2.3- megawatt turbines, spread over about 8,000 acres.

CPV previously secured a 20-year power purchase agreement with Oklahoma Gas and Electric Company for the wind farm, which is expected to generate enough electricity to power approximately 45,000 Oklahoma homes.

OG&E announced the development deal in September with another project that will bring the utility company’s wind capacity to 550-megawatts, said OG&E spokesman Brian Alford.

Currently, OG&E has 270-megawatts of wind power in production now. Alford said this is all part of the company’s commitment to quadrupling the amount of electricity it gets from wind power by 2012.

Much of OG&E’s wind energy is in the area with the Centennial Wind Farm in Harper County as well as purchasing power from Florida-based FPL Sooner Wind farm northeast of Woodward.

Sleeping Bear Wind Farm is also located in Harper County with the energy purchased by Public Service Company of Oklahoma.

President of the Woodward Industrial Foundation LaVern Phillips said Woodward is extremely fortunate to have CPV coming to the community.

“This $319 million project is a huge announcement of Northwest Oklahoma,” said Phillips. “It will help our ad valorem tax base and will also benefit public schools and other government funded departments.”

Phillips called CPV a first-class organization and commended their support of the Woodward community and local schools during construction on the OU Spirit farm.

As did Mayor Bill Fanning who said, “this is a great opportunity to move Woodward forward. It will benefit business in town, land owners and the citizens of Woodward. CPV has showed great support and really gives back to our community.”

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Copyright (c) 2010, The Woodward News, Okla.

PR Newswire
January 08, 2010
Farm to be fully operational by year-end; cost recovery as turbines come online

OKLAHOMA CITY, Nov. 25 /PRNewswire-FirstCall/ -- OG&E announced today that the Oklahoma Corporation Commission has approved the OU Spirit wind farm project, clearing the way for more renewable energy on the state's power grid. OG&E, the OCC staff, office of the state Attorney General, Oklahoma Industrial Energy Consumers and OG&E Shareholders Association had previously asked the Commission to approve terms of an agreement which allows OG&E to start recovering the costs of the new wind farm as it begins production.

The Commission order approved the agreement which also assigns to OG&E's customers the proceeds from the sales of the wind farm's renewable energy credits, including credits purchased by the University of Oklahoma. OU Spirit, a 101-megawatt electric generating facility, has been under construction this year and is nearing completion near Woodward, Okla.

"We applaud our state regulators for their support of this project that adds to Oklahoma's renewable energy portfolio in a way that benefits our customers, the university, and our entire state," said Howard Motley, OG&E vice president for regulatory affairs. "We also appreciate OU for its leadership, demonstrated by such a strong commitment to renewable energy."

OU has said it expects the new wind farm to help the university's Norman campus achieve a goal to have all of its purchased energy be from renewable sources by 2013. It is one of the largest renewable energy commitments ever by a public university.

A temporary addition, or rider, to OG&E customers' monthly electric bills, will enable the company to begin recovering construct costs as each of the wind farm's 44 new turbines comes online and begins delivering electricity to OG&E's customers. The rider will be in effect until the OU Spirit facility is added to OG&E's regulated rate base as part of a general rate case expected to be completed in 2011 will end the temporary rider. The net impact on the average residential customer's 2010 electric bill should be approximately 90 cents per month, decreasing to 80 cents per month in 2011.

OG&E today provides its customers with 170 megawatts of wind power from the Sooner and Centennial wind farms in northwestern Oklahoma; OU Spirit will bring the total to 270. Separately, OG&E is asking for Commission approval of two additional wind power projects totaling 280 megawatts that could come online by 2012. The 550 MW of wind-generation capability would represent about 7.6 percent of OG&E's total generating capacity.

OG&E, a regulated electric utility with more than 776,000 customers in a service area spanning 30,000 square miles in Oklahoma and western Arkansas, is a subsidiary of Oklahoma City-based OGE Energy Corp. OGE, which also is the parent of Enogex LLC, a midstream natural gas pipeline business with principal operations in Oklahoma.

SOURCE OG&E

Copyright 2009 PR Newswire