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10/31/2019

PacifiCorp Power Marketing Signs 20-Year Supply Deal with Seattle City Light

PacifiCorp Power Marketing Signs 20-Year Supply Deal with Seattle City Light

CONTACT:
Bob Royer, Seattle City Light (206) 615-0050
Art Sasse, Director, Communications & Brand, Iberdrola Renewables, 503-796-7740
Paul Copleman, Media Relations, Iberdrola Renewables, 207-641-2805

PORTLAND, Ore. – PacifiCorp Power Marketing (PPM) has signed the biggest public utility wind power contract to date in the United States — a 20-year supply deal with Seattle City Light, the municipal utility for Seattle.

Seattle City Light will start buying 50 MW of power produced by the Stateline Wind Plant on the Washington-Oregon border from January 1, 2002, doubling to 100 MW in August 2002, then 150 MW from January 1, 2004 and, potentially, to 175 MW from August 2004.

Seattle City Light has a portfolio of its own power resources and, through the Stateline purchase, sought a fixed price renewable energy source as a long term hedge against western US price volatility.

In November 2000, Seattle City Light purchased through PPM a block of 100 MW from the Klamath Cogeneration Project located in Klamath Falls, Oregon.

The Stateline Wind Plant, the largest single wind project in the western US, is currently under construction by FPL Energy. PacifiCorp Power Marketing will sell all the energy from Stateline for the next 25 years. The initial phase of Stateline will be completed by year end and comprise about 400 turbines with a capacity of 265 MW.

PPM's CEO Terry Hudgens said: "This long-term contract is testament to the demand for renewable resources in the region, and validates PPM's marketing strategy around well-placed, cost-effective wind resources."

PPM is a non-utility power marketing subsidiary of ScottishPower.

About Avangrid

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

 

About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.

With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.

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