Edison Mission Group to Acquire 161 MW Wind Project

Edison Mission Group (EMG) finalized an agreement to acquire the 161-megawatt (MW) Wildorado Wind Ranch in northern Texas from Cielo Wind Power, LP, a wind generation developer that will retain a minority interest.

“Edison Mission Group continues to build a significant wind energy portfolio across the country,” said Ted Craver, EMG CEO. “The Wildorado project will provide Texas with a valuable new source of environmentally friendly electricity. In this time of rising energy costs, it is especially important that we develop both new capacity and more diversity in our energy supply.” Upon completion of construction, expected to include 70 turbines, the electricity produced by Wildorado will be sold to Southwestern Public Service, a subsidiary of Xcel Energy, under a long-term power purchase agreement (PPA). Construction will begin in the spring of 2006, with commercial operations expected in early 2007. With the acquisition of Wildorado, EMG has a national wind portfolio of 477 MW at 10 sites in Iowa, Minnesota, New Mexico and Texas. In addition, EMG is working with local developers to permit a 90 MW project in Maine, and has entered into a joint development agreement that is expected to result in several new projects with Midwest Wind Energy of Chicago.
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