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4-Traders Homepage  >  Equities  >  Nyse  >  OGE Energy Corp.    OGE

Delayed Quote. Delayed  - 09/30 10:02:02 pm
31.62 USD   -1.53%
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OGE Energy Corp. : OG&E Completes Crossroads Wind Farm Project

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01/20/2012 | 04:15pm CEST

OKLAHOMA CITY, Jan. 20, 2012 /PRNewswire/ -- OG&E announced today that it has completed the Crossroads wind farm in northwestern Oklahoma. The project was a partnership between OG&E, Siemens and Renewable Energy Systems Americas Inc. (RES Americas.)

The $451 million project was approved by the Oklahoma Corporation Commission, and adds 227.5 megawatts of renewable generating capacity to the OG&E fleet, with 95 turbines rated at 2.3 megawatts each, plus three 3-megawatt, direct-drive turbines representing the next generation of renewable energy technology. The completion of this project allows OG&E to meet approximately 10 percent of its customers' energy requirements with wind generation.

"The Crossroads wind power project will meet the electrical needs of approximately 70,000 average homes," said Jesse Langston, vice president of retail energy. "Crossroads also will deliver significant net savings to our customers for the balance of the project's 25-year expected life."

The Crossroads wind farm is located in Dewey County near Canton and connects with OG&E's Windspeed transmission line, which was energized in 2010 and delivers wind power across OG&E's 30,000-square-mile electric service area.

The project includes more than 100 landowners. Work activities at the wind farm site, which include site reclamation and demobilization of contractors and equipment, will continue for the next several weeks.

OG&E, which serves approximately 789,000 customers in a service territory spanning 30,000 square miles in Oklahoma and western Arkansas, is a subsidiary of Oklahoma City-based OGE Energy Corp. (NYSE: OGE), which also is the parent company of Enogex LLC, a midstream natural gas pipeline business with principal operations in Oklahoma.

SOURCE OG&E

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