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KENETECH & LCRA SIGN 250-MW WIND DEVELOPMENT CONTRACT

 AUSTIN, Texas, Jan. 14 /PRNewswire/ -- KENETECH Corp. (NASDAQ: KWND) announced today that its Windpower subsidiary has signed a joint development contract with the Lower Colorado River Authority (LCRA) for a 250 megawatt (MW) wind energy facility in western Texas.
 KENETECH will develop, operate and maintain the proposed Windplant(TM). LCRA will market the electricity generated by the project to other utilities interconnected through the Electric Reliability Council of Texas (ERCOT). The 250-MW facility proposed in this agreement includes a previously announced 50-MW power contract between KENETECH and LCRA.
 Today's announcement came at an Austin press conference marking the signing of a landmark agreement between LCRA and the State of Texas Government Land Office (GLO). This accord will greatly facilitate the commercial development wind energy in Texas because much of the proposed Windplant will utilize land owned by the GLO.
 KENETECH Vice President Dale Osborn, responsible for the company's Texas business activities, said: "The leadership of LCRA has created a tremendous opportunity for Texas to enter a new era of electrical generation. Moreover, the involvement of GLO greatly accelerates the schedule for utility-scale wind energy development." Osborn added: "Preliminary discussions with other Texas utilities have been very positive, underscoring our belief that KENETECH's advanced wind turbine technology is an economically competitive, environmentally sound, and proven resource option for the Lone Star State."
 The proposed Windplant represents one of the largest commitments to wind energy development outside of California. The project will utilize approximately 750 of KENETECH's Model 33M-VS variable speed wind turbines. The 33M-VS is a utility-grade wind turbine that can generate pollution-free electricity at a price competitive with newly constructed fossil fuel plants. Installation of the project is expected to occur in several phases beginning in 1995.
 LCRA General Manager Mark Rose said: "Our role is to provide safe, low-cost power to our wholesale customers. KENETECH has provided a way for us to use alternative technologies, such as wind turbines, to help us continue our reliable service to Central Texas."
 The Lower Colorado River Authority is a self-supporting public utility created by the Texas legislature in 1934 as a conservation and reclamation district covering 10 counties in Texas along the Colorado River. The utility supplies electricity to more than 800,000 Central Texans through 44 wholesale customers, including 11 electric cooperatives and 33 cities.
 KENETECH Corp., based in San Francisco, is a leading provider of products and services to the electric power industry. Through its subsidiaries, the company designs, builds, finances and maintains power plants that utilize environmentally preferred technologies -- principally wind, biomass and natural gas. The company also provides energy management services to industrial, institutional and commercial customers.
 -0- 1/14/94
 /CONTACT: Clarence Grebey of KENETECH, 415-398-3825/
 (KWND)


CO: KENETECH Corp.; Lower Colorado River Authority ST: Texas, California IN: UTI OIL SU: CON

LW-TM -- SF002 -- 2065 01/14/94 09:31 EST
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Publication:PR Newswire
Date:Jan 14, 1994
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