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LA Public Service Commission Approves Wind Catcher Project
Posted on 6/20/18 at 3:22 pm
Posted on 6/20/18 at 3:22 pm
Anybody have any thoughts on this?
quote:
Southwestern Electric Power Co. (SWEPCO), an American Electric Power company, today announced that the Louisiana Public Service Commission (LPSC) has approved the proposed Wind Catcher Energy Connection project.
Wind Catcher Energy Connection is a major wind farm and a dedicated power line that will bring low-cost, clean, reliable energy to AEP customers in Louisiana, Arkansas, Texas and Oklahoma. The $4.5 billion project includes the acquisition of a 2,000-megawatt wind farm under construction in the Oklahoma Panhandle and construction of an approximately 350-mile dedicated power line that will carry the wind energy to the Tulsa area, where the existing grid will deliver it to customers. SWEPCO will own 70 percent of the project. SWEPCO’s sister company, Public Service Company of Oklahoma (PSO), will own 30 percent.
Key elements of the settlement agreement approved by the LPSC are guarantees agreed to by SWEPCO, including a cap on construction costs, qualification for 100 percent of the federal Production Tax Credits, minimum annual production from the project and other commitments.
SWEPCO anticipates the project will save its customers more than $4 billion over the 25-year life of the wind farm, compared to the projected costs of buying power on the open market.
Cost savings include no fuel cost for wind, which lowers SWEPCO’s overall fuel and purchased power costs; full value of the federal Production Tax Credit, which is available for construction of new wind farm projects; and the cost-efficient delivery of the wind generation to customers through the new, dedicated power line.
Customers will see savings primarily through a reduction in the fuel portion of their bills, beginning in 2021. The economic impact of the project will include manufacturing in Louisiana of key components of the project’s 800 wind turbines to be supplied by GE Renewable Energy.
Wind Catcher is the largest single-site wind project in the United States. The wind farm is under development by Invenergy in Cimarron and Texas counties in the Oklahoma Panhandle. SWEPCO and PSO will purchase the facility at completion, which is scheduled for the fourth quarter of 2020. SWEPCO, which serves more than 231,000 customers in Louisiana, filed its application with the LPSC July 31, 2017. The Wind Catcher project also remains subject to the approval of SWEPCO’s application in Texas and PSO’s application in Oklahoma. Six parties have joined with PSO in a settlement agreement pending before the Oklahoma Corporate Commission. The Arkansas Public Service Commission approved the project on May 8, 2018.
This post was edited on 6/20/18 at 3:24 pm
Posted on 6/20/18 at 3:25 pm to Hat Tricks
For every unit of power produced by solar or wind, you have to have a unit power in reserve fueled by some sort of fossil fuel or nuclear energy.
Why? Because the sun goes down and the wind stops blowing, but people still want their electricity.
Why? Because the sun goes down and the wind stops blowing, but people still want their electricity.
Posted on 6/20/18 at 3:36 pm to Hat Tricks
Stupidest shite in the world when you consider we have the world's supply of natural gas for a 1000yrs.
Oh and not in my back yard!!!
Oh and not in my back yard!!!
Posted on 6/20/18 at 3:40 pm to NikolaiJakov
quote:
For every unit of power produced by solar or wind, you have to have a unit power in reserve fueled by some sort of fossil fuel or nuclear energy.
Thats only true if no batteries are involved, albeit batteries need steady power to be manufactured and have power stored in them.
Posted on 6/20/18 at 3:42 pm to NikolaiJakov
quote:
For every unit of power produced by solar or wind, you have to have a unit power in reserve fueled by some sort of fossil fuel or nuclear energy
possibly.
i’m just wondering if the $4 billion savings by customers is realistic.
if so, i’d be interested.
Posted on 6/20/18 at 3:47 pm to Hat Tricks
quote:This is key.
lowers SWEPCO’s overall fuel and purchased power costs
Meanwhile, customers won't see any benefits, while Mr. Swepco is sending the commissioners to the Bahamas for Christmas.
Just my thoughts.
Posted on 6/20/18 at 3:50 pm to Hat Tricks
When I lived in Stillwater, OK, I was lucky enough to be on Rural Electric Coop. My bill was literally 1/3 what PSO customers were paying. When the tornado went through town the apartments still had power when PSO customers had zip during the heat of Summer along with the humidity and debris cleanup after the storm.
Posted on 6/20/18 at 3:57 pm to Sidicous
How is it going to benefit the consumer in Louisiana
Posted on 6/20/18 at 4:05 pm to Zephyrius
Wind is already one of the lowest cost energy sources, and there’s absolutely no reason to not utilize both wind and nat gas. The levelized energy cost of Gas Combined Cycle plants are estimated to range from $42-$78 per MWh, while levelized cost of Wind energy is estimated to range from $30-$60 per MWh.
If you had been talking about, say, subsidizing residential rooftop Solar PV energy, I’d agree with your ‘stupidest shite in the world’ characterization. But wind farms don’t need subsidies to generate savings, they are already cost competitive today. This is a great thing for Louisiana.
If you had been talking about, say, subsidizing residential rooftop Solar PV energy, I’d agree with your ‘stupidest shite in the world’ characterization. But wind farms don’t need subsidies to generate savings, they are already cost competitive today. This is a great thing for Louisiana.
Posted on 6/20/18 at 4:08 pm to NikolaiJakov
quote:
For every unit of power produced by solar or wind, you have to have a unit power in reserve fueled by some sort of fossil fuel or nuclear energy.
Why? Because the sun goes down and the wind stops blowing, but people still want their electricity.
Or you could use incredibly expensive, inefficient, and environmentally disastrous batteries.
However, if wind and solar are good compliments to the base load, then it should be built.
Posted on 6/20/18 at 4:13 pm to Hat Tricks
Does this mean those damn commercials will stop?
Posted on 6/20/18 at 4:17 pm to funnystuff
quote:
they are already cost competitive today
quote:
Mangrum said much of the stability in the renewables industry is due to federal and state incentives. “Obama has been good for us. Bush was good for us and Trump should be okay. The government largely drives our business with tax credits. Obama put out a plan that extended the credits multiple years, along with a phase out plan.”
Only cost competitive due to Govt. interference in the free market.
Sibley native headquarters energy company in Minden- Minden newspaper Manager of wind energy outfit that opened office in Minden "Multibillion-dollar corporation, Black and McDonald, opened their Renewable Operation office in Minden, bringing a team with years of solar and wind power experience to the area"
Posted on 6/20/18 at 4:20 pm to Hat Tricks
Not in my backyard I love birds h
Posted on 6/20/18 at 4:23 pm to Hat Tricks
Why does SWEPCO hate birds?
Posted on 6/20/18 at 4:25 pm to Nutriaitch
quote:
i’m just wondering if the $4 billion savings by customers is realistic.
Why hell no. When is the last time some outfit did the "new and improved that's cheaper" bs and you actually paid less for that service once it was up and running?
Posted on 6/20/18 at 4:25 pm to Hat Tricks
I’m curious as to what areas in Louisiana are consistently windy enough to justify this.
I’ll hang up and listen.
I’ll hang up and listen.
Posted on 6/20/18 at 4:30 pm to Hat Tricks
So people in NW LA will save money, employees in LA will build some of the components, it doesn't cost the state any money.
Why would this be a bad thing?
As far as the "wind dies down" argument... if we didn't have the plant at all, we would use more nat gas. With the plant, we won't eliminate nat gas use but will use less, right?
Unless you sell nat gas, why would anyone be against this, at least in Louisiana?
Why would this be a bad thing?
As far as the "wind dies down" argument... if we didn't have the plant at all, we would use more nat gas. With the plant, we won't eliminate nat gas use but will use less, right?
Unless you sell nat gas, why would anyone be against this, at least in Louisiana?
Posted on 6/20/18 at 4:31 pm to Scoop
quote:
I’m curious as to what areas in Louisiana are consistently windy enough to justify this.
quote:
The wind farm is under development by Invenergy in Cimarron and Texas counties in the Oklahoma Panhandle
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