Press Releases
10/31/2019
PPM adds 144-megawatt Wyoming plant to its wind portfolio
PPM adds 144-megawatt Wyoming plant to its wind portfolio
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September 10, 2003
PORTLAND, Ore. - PPM Energy, Inc. (PPM), ScottishPower's (NYSE: SPI) competitive US energy business, today announced that it will purchase the entire output of the largest wind project in Wyoming from FPL Energy, LLC, a subsidiary of FPL Group (NYSE:FPL).
PPM is marketing the output to customers in Utah, Wyoming and Colorado. The company has a 725-megawatt wind supply portfolio, including 446 megawatts from the operating Stateline and High Winds Energy Centers, both wind projects also owned by FPL Energy. PPM balances its supply portfolio with sales to wholesale customers, placing almost all of its output in long-term contracts. Major customers include the cities of Seattle, Sacramento, Pasadena, Anaheim as well as investor-owned utilities such as Alliant Energy and Xcel Energy and the federal Bonneville Power Administration.
FPL Energy will construct 80 1.8-megawatt wind turbines at a site in Uinta County, approximately 10 miles northeast of Evanston in southwestern Wyoming. The turbines will have a generating capacity of 144 megawatts, providing enough electricity to power the equivalent of more than 43,000 homes. Construction is expected to be completed by the end of 2003.
"PPM thanks Wyoming's lawmakers for their foresight and resolution in passing the legislation that helped make this project possible," said Terry Hudgens, PPM's CEO. Wyoming lawmakers this year exempted the equipment used to build wind turbines from the state's sales tax.
In addition, FPL Energy and PPM have announced a 16-megawatt expansion of the High Winds Energy Center located in Solano County, Calif., bringing the total capacity of that facility to 162 megawatts. PPM purchased the entire output from the High Winds Energy Center under a long-term contract. Construction of the additional 16 megawatts began this summer and will be completed by the end of 2003.
With a portfolio of more than 700 megawatts of wind power currently in operation or under construction, PPM has a goal of bringing 2,000 megawatts of new wind power to market by 2010. PPM also has about 800 megawatts of clean gas resources under its control to give customers a wide range of options for adding environmentally responsible energy to their portfolios. The American Wind Energy Association honored PPM with its "Market Maker of the Year" award for aggressively finding markets for wind power. For more information, please visit www.ppmenergy.com.
Contact:
Art Sasse, Director, Communications & Brand, Iberdrola Renewables, 503-796-7740
Paul Copleman, Media Relations, Iberdrola Renewables, 207-641-2805
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
