Alternative Energy

[Copperfield]

FPL Energy Announces Plans for New Wind Farm in Oklahoma

http://www.energyinfosource.com/aoi/news-details.cfm?id=22036&FLink=&tf=1

June 28, 2004

FPL Energy, LLC, a subsidiary of FPL Group, today announced it will build, own and operate a new wind farm in Oklahoma capable of generating up to 106.5 megawatts. It will sell the electricity output to Public Service Company of Oklahoma, a wholly owned operating subsidiary of American Electric Power, under a long-term contract.

FPL Energy expects to construct up to 71 1.5-megawatt wind turbines on more than 3,800 acres near Weatherford in Custer County, Oklahoma. The turbines will have a generating capacity of up to 106.5 megawatts, providing enough electricity to power more than 31,000 homes. When complete, the Weatherford Wind Energy Center will be the largest wind farm in Oklahoma.

"The Weatherford project represents another important milestone in the disciplined growth of our wind portfolio and will be an excellent complement to our existing assets in the region," said Jim Robo, president of FPL Energy. "We are pleased to be bringing an additional source of clean, renewable power to Oklahoma and look forward to partnering with Public Service Company of Oklahoma on this project.

The company said the project is contingent on the extension of the federal wind energy production tax credit (PTC), which expired at the end of 2003. Construction of the project will begin only after an extension of the PTC is approved by Congress and certain other approvals are obtained.

The Weatherford Wind Energy Center will be FPL Energy's second wind farm in Oklahoma. In 2003, the company began commercial operation at the 102-megawatt Oklahoma Wind Energy Center located near Woodward in northwest Oklahoma