Duke Energy Indiana to Purchase Wind Power
PLAINFIELD, IND. – Duke Energy Indiana has finalized an agreement to purchase up to 100 megawatts of wind-generated electricity from an Orion Energy wind farm under development in Benton County, Ind.
“Clean, ‘zero emissions’ wind-generated energy will be a good addition to our resource portfolio,” said Duke Energy Indiana President Kay Pashos. “This project will also boost the local economy in an area where conditions make wind power possible. It’s consistent with the state’s new strategic energy plan that encourages innovative ‘homegrown’ ways to generate power within the state.”
The 20-year agreement is the first significant, long-term purchase of wind power in Indiana. It is the result of a request for proposals Duke Energy Indiana (then PSI Energy) issued for green energy resources in late 2005. Pending regulatory approval, Duke Energy Indiana will begin purchasing the power in 2007.
“Duke Energy’s announcement is right in line with our new state energy plan to maximize Indiana’s wind energy potential,” said Indiana Governor Mitch Daniels. “This is a small but significant part of Indiana’s long-term plan to find alternative sources of energy.”
Orion Energy, an independent developer of wind projects, began developing the Benton County project on approximately 10,000 acres in late 2003. Located in York and Richland townships, the project is expected to go online by late 2007. Specific terms of the agreement are confidential. Duke Energy Indiana has filed for approval of the purchase power agreement with the Indiana Utility Regulatory Commission.
“We are very pleased to be working with Duke Energy to bring the first utility-scale wind energy project to Indiana,” said Reid Buckley, Orion Energy vice president for development. “We value their strong commitment and leadership in tapping into the state’s potential to supply clean, renewable energy. Orion is also very appreciative of all the support we’ve received from local farming families and officials in Benton and Newton counties in the development of this project.”
Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in the Americas, including 28,000 megawatts of regulated generating capacity in the United States. Duke Energy’s Indiana operations provide 7,200 megawatts of safe, reliable and competitively priced electricity to more than 750,000 electric customers, making it the state’s largest electric supplier. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.
Orion Energy, LLC, headquartered in Oakland, Calif., is a leading wind energy company with world-class expertise in the development, finance, construction and operation of wind power projects throughout the United States. For further information about Orion Energy or the Benton County Wind Farm, visit www.orion-energy.com.