Cooperative now has 309 megawatts of long-term wind energy in its portfolio
Little Rock, Ark. — May 19, 2015 — Arkansas Electric Cooperative Corporation (AECC) has secured a long-term agreement to purchase 108 megawatts of wind energy from the planned Drift Sand Wind Farm. The farm will be located about 60 miles southeast of Oklahoma City and is scheduled to be in service by Dec. 31, 2016.
“AECC will be the sole recipient of energy from this wind farm,” said Duane Highley, president and chief executive officer of AECC, a Little Rock-based wholesale electricity supplier. “Collectively, AECC will have more than 309 megawatts of wind energy once the new wind farm is commercially launched. As a not-for-profit, member-owned cooperative, we are committed to provide our members with the lowest cost electricity available.”
This is AECC’s third wind power purchase agreement since 2012. The generation and transmission cooperative also receives wind energy from another wind facility in Oklahoma and one in Kansas.
“The wind energy agreements provide our distribution cooperatives and their members with energy resources that are geographically diverse, reasonably-priced and price-controlled over a long-term period,” Highley said. “AECC has long been dedicated to pursuing investments in a diverse generation portfolio to shield members against fuel cost spikes and shifts in federal energy policies.”
AECC owns three run-of-the-river hydroelectric generating stations located along the Arkansas River, three natural gas/oil-based plants, four natural gas-based-only plants and co-owns portions of four low-cost coal-based plants.
The Electric Cooperatives of Arkansas comprise 17 electric distribution cooperatives; Arkansas Electric Cooperatives, Inc. (AECI), a Little Rock-based cooperative that provides various services to the distribution cooperatives; and Arkansas Electric Cooperative Corporation (AECC), a generation and transmission cooperative. The distribution cooperatives provide electricity to more than 500,000 members, or customers, in Arkansas and surrounding states.
For additional information, contact:
Rob Roedel, Electric Cooperatives of Arkansas, 501.570.2296 or email@example.com
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AECC currently sells or plans to sell the Renewable Energy Credits associated with the electricity produced by the following: Carl S. Whillock Hydroelectric Generating Station, Electric Cooperatives of Arkansas Hydropower Generating Station and from facilities associated with power purchase agreements with Origin Wind Energy, Drift Sand Wind Project, Flat Ridge 2 Wind Energy and SR Camden. AECC does not claim that the electricity sold from these generation resources to its member cooperatives and others is “green,” “renewable,” “clean” or has any other environmental attribute.