Success Lowers Green Pricing for Utility

May 28, 2003 [] Southern Minnesota Municipal Power Agency (SMMPA) has lowered its wholesale price for wind power to its member utilities by about two thirds – from US$2.90 per 100 kWh block to US$1.00 per block. The new price reflects cost of production from SMMPA’s new turbines built near Fairmont, Minnesota. According to the Company’s CEO, Dan Hayes, the new price is now among the lowest five green pricing power programs among over 300 in the United States. Dan Hayes, the Manager of the Fairmont project, cited economies of scale and strong winds for the lowered final cost of the power. By siting the turbines close to the distribution lines of Fairmont Public Utilities, a SMMPA member, SMMPA also avoided costly transmission charges and losses and further reduced the cost of the wind energy. The turbines are expected to generate at least 5 million kilowatt hours of electricity annually – enough for about 700 homes – for at least the next 25 years. Access: SMMPA
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