Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Xcel: Wind deals to save $590M
http://amarillo.com/news/local-news/2013-07-10/xcel-customers-save-590m-wind-dealsXcel Energy expects to save customers about $590 million in fuel costs over the next 20 years with new wind energy contracts it announced Wednesday.
The company’s subsidiary, Southwestern Public Service, has made three deals that will more than double its wind energy purchased under contracts to nearly 1,300 megawatts. The company will have a total of 2,200 megawatts in its system serving Texas and New Mexico.
“The rest of the wind energy on our system is not under contract but instead is purchased daily at market prices,” Xcel spokesman Wes Reeves said.
The company’s Harrington and Nichols generation stations northeast of Amarillo have a generation capacity of almost 1,500 megawatts using natural gas and coal. The deal will add almost 700 megawatts of wind energy.
<more>
