21.02.2006 18:00:00

Edison Mission Group Adds Texas Wind Energy Project to Its Renewable Portfolio

Edison Mission Group (EMG), a subsidiary of EdisonInternational (NYSE:EIX), announced today that it has finalized anagreement to acquire the 161-megawatt (MW) Wildorado Wind Ranch(TM)located in the panhandle of northern Texas.

EMG purchased the project from Cielo Wind Power, LP, a leadingTexas-based, wind generation developer, which will retain a minorityinterest. Upon completion of construction, the electricity produced byWildorado will be sold to Southwestern Public Service, a subsidiary ofXcel Energy, under a long-term power purchase agreement.

"Edison Mission Group continues to build a significant wind energyportfolio across the country," said EMG CEO Ted Craver. "The Wildoradoproject will provide Texas with a valuable new source ofenvironmentally friendly electricity. In this time of rising energycosts, it is especially important that we develop both new capacityand more diversity in our energy supply."

The project will include 70 turbines. Construction will begin inthe spring of 2006, with commercial operations expected in early 2007.

With the acquisition of Wildorado, EMG has a national windportfolio of 477 megawatts (MW) at 10 sites in Iowa, Minnesota, NewMexico and Texas. In addition, EMG is working with local developers topermit a 90 MW project in Maine, and has entered into a jointdevelopment agreement that is expected to result in several newprojects with Midwest Wind Energy of Chicago.
Related facts - EMG wind energy projects nationwide:

PROJECT NAME STATE CAPACITY (MW)
Bingham Lake MN 15
Eastridge MN 10
Lakota Ridge MN 11
San Juan Mesa NM 120
Shaokatan Hills MN 12
Storm Lake IA 113
West Pipestone MN 8
Westridge MN 17
Wildorado TX 161
Woodstock Hills MN 10

Edison Mission Group is a subsidiary of Rosemead, Calif.-basedEdison International (NYSE:EIX), an electric power generator anddistributor, and an investor in infrastructure and renewable energyprojects with assets totaling more than $33.6 billion. The EMG windprojects referred to above are owned by Edison Capital. EMG is not thesame company as SCE, the utility, and the California Public UtilitiesCommission does not regulate the terms of EMG's products and services.

Neu: Öl, Gold, alle Rohstoffe mit Hebel (bis 20) handeln
Werbung
Handeln Sie Rohstoffe mit Hebel und kleinen Spreads. Sie können mit nur 100 € mit dem Handeln beginnen, um von der Wirkung von 2.000 Euro Kapital zu profitieren!
82% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. Sie sollten überlegen, ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.

Analysen zu Edison Internationalmehr Analysen

Aktien in diesem Artikel

Edison International 61,82 3,69% Edison International