25 Feb '13, 9am

US utilities rush to invest in wind power

A total of 66 US utilities bought or owned wind power at the beginning of 2013, nearly half of them for large amounts over 100MW. Since President Obama extended the Production Tax Credit (PTC) for wind energy in the ‘fiscal cliff’ bill, signed at the beginning of January, utilities have continued to sign up for more wind energy which is now more cost-competitive than ever. “AWEA applauds these utilities for maximizing the PTC opportunity to continue bringing low-cost, fixed price wind power to their customers” said Rob Gramlich, Interim CEO of the American Wind Energy Association (AWEA). “From Xcel Energy in Minnesota to OG&E in Arkansas, electric consumers are racking up the savings as a result. The wind energy industry looks forward to our continued partnerships with utilities across the country to lock in the economic development, rate stabilizing and environmental bene...

Full article: http://www.renewableenergymagazine.com/article/us-utiliti...

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