Member access

4-Traders Homepage  >  Shares  >  Nyse  >  GULF POWE P    GUA   US4024797452


Delayed Quote. Delayed Nyse - 05/06 03:28:04 pm
25.7948 USD   -0.27%
04/01 GULF POWER : Hits Reliability High
03/17 GULF POWE : UPDATED: Lewis Turner reopened, power restored following..
03/17 GULF POWER : announces new Economic Development manager
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

GULF POWE : PSC Approves Gulf Power's Oklahome Wind Power Project

05/06/2015 | 03:01pm US/Eastern

Tuesday, Gulf Power received unanimous approval from the Florida Public Service Commission of an agreement that will make the utility a leading purchaser of wind generation among Florida utilities. The agreement is the first of its kind in the state.

The project, called Kingfisher Wind, will be built in central Oklahoma, where conditions are favorable for wind energy.

“Kingfisher Wind will help Gulf Power add renewable energy that makes environmental and economic sense,” said Jeff Rogers, External Communications manager. “Smart renewables, like Kingfisher Wind, are cost effective for customers.”

The Kingfisher Wind project is expected to begin commercial operation by the end of the year. A total of 89 of the project's wind turbines will supply 178 megawatts to Gulf Power, which is enough energy to power approximately 50,700 homes per year.

“The power we get from Kingfisher Wind will represent approximately 5 percent of our projected energy mix,” said Rogers. “Wind power helps diversify the power supply and Kingfisher Wind is projected to provide lower overall energy costs.”

This wind project will be Gulf Power's fifth renewable energy project following the Perdido Landfill Gas-to-Energy Facility, which has produced more than 100 million kilowatt hours of electricity since 2010, and three solar energy projects that are scheduled to begin construction in February 2016.

Gulf Power announced in January that the utility is partnering with the U.S. Navy and U.S. Air Force to build solar energy farms at three different facilities across Northwest Florida.

The solar energy farms have already been approved by the FPSC and will be constructed at Eglin Air Force Base in Fort Walton Beach (30 megawatts), Holley Field in Navarre (40 megawatts) and Saufley Field in Pensacola (50 megawatts) and are expected to be in service by December 2016.

“Adding alternative energy to our portfolio takes careful planning to ensure we provide our customers with what they want and what they need — cost-effective energy that diversifies our power supply,” said Rogers.

(c) 2015 Fusion Media Limited. All Rights Reserved. Provided by SyndiGate Media Inc. (, source Middle East & North African Newspapers

React to this article
Latest news on GULF POWE P
03:01p GULF POWE : PSC Approves Gulf Power's Oklahome Wind Power Project
01:01p GULF POWER : receives approval for wind power project
04/29 GULF POWER : Results of Operations and Financial Condition (form 8-K)
04/21 Southern Company accelerates sustainable energy innovations with five solar P..
04/21 GULF POWER : gets clearance for 120 MW of Florida solar projects
04/21 Southern Co. to acquire, develop five solar projects in three states
04/21 Southern Co. develops five solar projects in three states
04/21 Southern Company Continues Expansion in Renewable Energy Portfolios
04/18 GULF POWE : State Approves Gulf Power Solar Project
04/18 Southern Company accelerates sustainable energy innovations with five solar p..
Duration : Period :
GULF POWE P Technical Analysis Chart | GUA | US4024797452 | 4-Traders
Dynamic quotes