Bangor, WI, utility to get 15% of power from MN wind energy company
From an article by Michael Martin in Coulee News:
At a special meeting last Thursday, the Bangor Village Board approved a letter of intent for the municipal utility to purchase 15 percent of its power from a Minnesota wind energy company beginning in 2013.
Public Works Director Steve Baker explained that the deal with Project Resources Corporation (a firm based in Minneapolis that has been developing wind projects in the Midwest for more than 10 years) would mean little or no change for the utility’s customers.
“We’ll receive a bill from them — it’s really no different from what we’re doing right now, and it’s something we’d have to do anyway,” Baker said.
State law requires that utilities get at least 10 percent of their power from renewable energy sources. Baker said that the figure for Bangor right now is around 12.5 percent.
The deal with PRC is an attempt to lock in prices for the next 20 years. It was necessary because Bangor purchased its power from Xcel Energy in the past but will be switching over to American Electric Power beginning in January 2013.
“Xcel takes care of that (signing up sources of renewable energy) now, so we needed to do something beginning in 2013,” Baker said.