PPM Energy Plans to Add 150-Megawatts of Renewable Energy Wind Power for the Midwest Grid by End of 2005

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). PPM Energy Incorporated (PPM) (Portland, Oregon), the United States wholesale energy business of ScottishPower PLC (NYSE:SPI) (Glasgow, Scotland), plans to build 150-megawatts (MW) of new renewable energy capacity in the Midwest, in Lane County, North Dakota, near Rugby, during 2005, in order to take advantage of the 2005 Production Tax Credit (PTC).

PPM Energy expects the windfarm to consist of one hundred 1.5 MW Wind Turbine/Generator sets, for a total of 150 MW, which is over 240% larger than the present largest windfarm in North Dakota. Once permits are secured, PPM would like to start construction by June 2005 and have the windfarm completed by December 31, 2005. This addition will represent another 7.5% step towards the 2,000 MW of new wind energy that PPM plans to bring to the market over the next five to seven years. Future plans towards that end are dependent on incentives, such as the renewal of the Federal Production Tax Credit (PTC), which expires December 31, 2005.

Installation of this windfarm can bring other benefits besides power to North Dakota. Typically, a windfarm of this size can bring with it 350-400 temporary construction jobs, with an additional 12-15 permanent positions, a tax base increase in excess of $1 million, plus $3,000 to $6,000 per turbine in annual fees to the land holders.

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