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Electricity prices threaten wind farm
Madison Gas & Electric's reluctance to pay nearly three times the going rate for wind farm electricity could kill an estimated $20 million project planned for Springfield.
Sun Prairie-based Wave Wind LLC wants to build a six-turbine wind farm. But the cost of the project means MG&E would have to pay 8 cents per kilowatt-hour for electricity from the farm, said Dionne Lummus, Wave Wind's business development coordinator.
April 6, 2010
by Paul Snyder
in The Daily Reporter
Madison Gas & Electric's reluctance to pay nearly three times the going rate for wind farm electricity could kill an estimated $20 million project planned for Springfield.
Sun Prairie-based Wave Wind LLC wants to build a six-turbine wind farm. But the cost of the project means MG&E would have to pay 8 cents per kilowatt-hour for electricity from the farm, said Dionne Lummus, Wave Wind's business development coordinator.
MG&E can buy wind power at a market rate of about 2.9 cents per kilowatt-hour, said MG&E spokesman Steve Kraus. Furthermore, he said, renewable electricity represents about 12 percent of MG&E's generation, putting the... [continue via Web link]
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