In making the announcement, Brad Beecher, vice president of Energy Supply, stated, "Today's [Dec. 13, 2004] contract signing is a major step in ensuring that our customers benefit from a balanced mix of generation options. With the improvements made in wind generation technology and the production tax credits that were recently enacted by Congress and signed into law by President Bush, wind energy provides price stability, is environmentally friendly, and is economical for our customers."
Beecher continued, "This project is expected to provide about 10 percent of our energy resources, and we anticipate taking delivery of the energy about December 1, 2005."
"We are pleased to be building our first wind power plant in Kansas, the state with the third most robust wind resource in the nation," said Terry Hudgens, chief executive officer of PPM. "The Elk River Project is the third we have announced so far that is expected to go into commercial operation in 2005, and we look forward to additional growth and geographic expansion in 2005."
Based in Joplin, Missouri, The Empire District Electric Company (NYSE:EDE) is an investor-owned utility providing electric service to approximately 157,000 customers in southwest Missouri, southeast Kansas, northeast Oklahoma, and northwest Arkansas. The Company also provides fiber optic and Internet services, customer information software services, utility industry technical training, and has an investment in close-tolerance, custom manufacturing. Empire provides water service in three incorporated communities in Missouri.
Portland, Oregon-based PPM Energy (NYSE: SPI) with a portfolio of more than 830 MW of wind power currently in operation in 7 states, has a goal of bringing 2,300 MW of new wind power to market by 2010. The U.S. Environmental Protection Agency, the U.S. Department of Energy, and the Center for Resource Solutions honored PPM recently for significantly advancing development of the green power market.