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10/31/2019

Three new wind customers buy 100 MW from PPM

Three new wind customers buy 100 MW from PPM

Click Here  for a PDF version of this press release.

December 9, 2004

PORTLAND , Ore. – PPM Energy, Inc. (PPM), ScottishPower’s (NYSE: SPI) competitive US energy business, today announced sales totaling more than 100 megawatts by three new wind customers.

Portland General Electric (PGE) today executed a 30-year agreement with PPM to purchase 75 megawatts (MW) of wind capacity to serve PGE customers beginning in December 2005. Through this agreement, PGE will purchase all of the output of PPM’s Klondike II Expansion Wind Project soon to be under construction near Wasco, Ore.

“We are pleased to be delivering more renewable energy to our customers at an affordable price and we trust PPM Energy’s record as a reliable and responsible power supplier,” said Jim Lobdell, PGE’s vice president of power operations and resource strategy. “Increasing supply diversity and adding more renewable energy to our supply portfolio were two of the goals in our Integrated Resource Plan, and this moves us closer to meeting those goals.”

On Tuesday night, The City of Alameda in California approved a nearly 24-year contract with PPM for 10 MW of electricity from the nearby High Winds Energy Center located in Solano County, California. With a capacity of 162 MW, High Winds is the largest single wind generating facility in California.

On December 1, the City of Palo Alto Utilities also began taking 20 MW of electricity generated from High Winds from PPM for nearly 24 years.

About PPM Energy

PPM Energy is part of the ScottishPower ((NYSE: SPI) group of companies. With a portfolio of more than 830 MW of wind power currently in operation in seven states, PPM has a goal of bringing 2,300 MW of new wind power to market by 2010. PPM balances its supply portfolio with sales to wholesale customers, placing almost all of its output in long-term contracts. Major customers include the cities of Seattle, Sacramento, Pasadena, Anaheim as well as investor- owned utilities such as Alliant Energy and Xcel Energy and the federal Bonneville Power Administration. PPM also has about 800 MW of clean gas resources under its control to give customers a wide range of options for adding environmentally responsible energy to their portfolios. The U.S. Environmental Protection Agency, the U.S. Department of Energy, and the Center for Resource Solutions honored PPM recently for significantly advancing development of the green power market. For more information, please visit www.ppmenergy.com.

Art Sasse, Director, Communications & Brand, Iberdrola Renewables, 503-796-7740
Paul Copleman, Media Relations, Iberdrola Renewables, 207-641-2805

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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