[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

PSO pulls plug on massive Wind Catcher energy project  

Credit:  By Jack Money | The Oklahoman | Fri, July 27, 2018 | newsok.com ~~

The landscape of future electrical power production in Oklahoma may have shifted somewhat Friday.

Public Service Co. of Oklahoma announced it won’t pursue further efforts to gain approval from state regulators for its proposed Wind Catcher Energy Connection project.

Its announcement came a day after regulators in Texas rejected the proposal, which Southwestern Electric Power, Public Service Co.’s sister utility, had submitted to them.

If it had ultimately been approved in Texas and Oklahoma (approvals already had been given by regulators in Arkansas and Louisiana), the largest single wind project proposed in the nation would have been built to supply power to about 1.1 million customers served by the two utilities.

The utilities failed to provide an answer that satisfied regulators as to what would be most economical for consumers.

Natural gas-fired power generation is competitive with wind-produced energy, thanks to an abundant, cheap supply of fuel and ever-improving efficiencies in the equipment used to make the power.

An analyst said Friday it doesn’t appear that will change anytime soon.

Details of the deal

PSO had asked the Oklahoma Corporation Commission to determine there was a need for the Wind Catcher Connection to get preapproval to recover its costs from ratepayers.

If the deal had been approved, the utility would have been allowed to recover about $1.4 billion, its cost to buy 30 percent of the 2,000-megawatt Wind Catcher farm that was being built in Oklahoma’s Panhandle.

Along with co-owning the generating facility with Southwestern (both are subsidiaries of American Electric Power), the two also had proposed building and operating a power line hundreds of miles in length that would have carried electricity from the farm into the grids they operate. The project’s expected total cost was $4.5 billion.

While PSO had been successful in getting support from a major retailer, industrial consumers and associated power businesses, its plans were opposed from the outset both by the Oklahoma Attorney General and the commission’s Public Utility Division.

There were legal problems with the project that conflicted with Oklahoma rules and law because the project hadn’t been competitively bid and because work on it had started before PSO had filed its cost recovery request.

State officials also questioned whether customers would financially benefit from the project during its 25-year life.

PSO had agreed the project would add costs to consumers’ bills. But it also predicted its wind energy would be more affordable than other alternatives, and based that on future natural gas pricing that critics said was unrealistic.

They had backed that prediction by guaranteeing they would reimburse customers for part of the project’s costs if those price projections were wrong.

Source:  By Jack Money | The Oklahoman | Fri, July 27, 2018 | newsok.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


Tag: Victories

News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.