Sheep>>>Can you sticky todays news and the 8k just out>>There is some important info in the 8k also...See below
On November 2, 2010, NACEL Energy (“the Company”) deposited $25,000 with Arizona Public Service Company (“APS), the funds being the good faith estimate provided by APS of the expected costs likely to be incurred to complete a System Impact Study (SIS) for the Snowflake wind project located in Navajo County, AZ.
NACEL Energy anticipates a period of several months, or longer, before the SIS can be completed by APS personnel. Should the results of the SIS be favorable and indicate the necessary electrical system and equipment upgrades to construct Snowflake are economically feasible, as currently anticipated by the Company, a then further period of time may occur before a final interconnection agreement can be executed with APS.
In the interim, important additional development milestones are underway concerning Snowflake including, without limitation, evaluating potential turbine partners and financing arrangements. Accordingly, the Company cautions that commissioning (operations) at Snowflake is not expected until the fourth quarter of fiscal 2010-11, or later depending on future events.
A copy of the press release pertaining to the foregoing is attached hereto as an exhibit
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