The Crane Creek wind project is expected to cost $251 million for acquisition and construction-related activities with closing of the sale to occur in the third quarter of 2008.
The final transfer of development rights to Wisconsin Public Service Corporation (WPSC) will be subject to the cost of project interconnection to the transmission system based on a facility study yet to be completed by the Midwest Independent System Operator. It is also subject to standard real estate closing procedures associated with the transfer of easement rights from private landowners that allow construction and operation of the project.
Rob Benninghoff, WPSC’s director of renewable and special projects, said: We are confident that remaining milestones will be met with success. The schedule is in place to begin construction late in 2008 or early in 2009. The wind farm should be operational late in December 2009, helping WPSC to reach its state-mandated Renewable Portfolio Standard (RPS) target of generating 10% of its retail electrical sales with renewable power by 2015.
