SWEPCO says LPSC approves proposed Wind Catcher Energy Connection project.
Southwestern Electric Power Co., or SWEPCO, an American Electric Power company, announced that the Louisiana Public Service Commission has approved the proposed Wind Catcher Energy Connection project. The $4.5B project includes the acquisition of a 2,000-megawatt wind farm under construction in the Oklahoma Panhandle, and construction of an approximately 350-mile dedicated power line that will carry the wind energy to the Tulsa area, where the existing grid will deliver it to customers. SWEPCO will own 70% of the project. SWEPCO's sister company, Public Service Company of Oklahoma, will own 30%. SWEPCO anticipates the project will save its customers more than $4B over the 25-year life of the wind farm, compared to the projected costs of buying power on the open market. Wind Catcher is the largest single-site wind project in the United States. The wind farm is under development by Invenergy in Cimarron and Texas counties in the Oklahoma Panhandle. SWEPCO and PSO will purchase the facility at completion, which is scheduled for the fourth quarter of 2020.
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|Date:||Jun 20, 2018|
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