OU Spirit Wind Agreement Approved By OCC

OG&E announced that the Oklahoma Corporation Commission has approved the 101-megawatt (MW) OU Spirit wind farm project. 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 has been under construction this year and is nearing completion near Woodward, Oklahoma.

“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.”

The University of Oklahoma, which will be receiving power from the project, 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.

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