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FirstEnergy Signs Power Purchase Agreements for Two Wind Power Projects Being Developed in West Virginia

AKRON, Ohio, March 15 /PRNewswire-FirstCall/ -- FirstEnergy (NYSE: FE) announced it has entered into 20-year agreements to purchase the combined 250- megawatt (MW) output of two new wind power generation projects being developed in West Virginia by US Wind Force, LLC, a renewable energy company based in Wexford, Pennsylvania, and its joint venture partner Padoma Wind Power, LLC, based in La Jolla, California.

The projects include:
* Mt. Storm - a 150-MW project to be located in Grant County,
West Virginia, near the town of Bayard
* Liberty Gap - a 100-MW project to be located in Pendleton County, West Virginia, south of the town of Franklin

Combined, the projects are expected to generate approximately 650,000 megawatt-hours of electricity annually. Both projects are targeted to be operational by December 2007. The power purchase agreements are contingent upon completion of financing and receipt of regulatory approvals for the projects.

"FirstEnergy is committed to protecting the environment while meeting our customers' need for reliable electricity," said Guy Pipitone, senior vice president, Operations Strategy & Development, for FirstEnergy, "and we are very pleased to enter into this agreement for renewable energy with US Wind Force. This agreement for an additional 250 MW of generation with US Wind Force will help us meet those goals while becoming a major renewable energy provider in the region."

"We are excited to partner with FirstEnergy on these projects. When completed, they will more than double the 234 MW of installed wind power capacity now... more [truncated due to possible copyright]  
 The projects include:
     * Mt. Storm - a 150-MW project to be located in Grant County,
       West Virginia, near the town of Bayard
     * Liberty Gap - a 100-MW project to be located in Pendleton County, West Virginia, south of the town of Franklin

Combined, the projects are expected to generate approximately 650,000 megawatt-hours of electricity annually.  Both projects are targeted to be operational by December 2007.  The power purchase agreements are contingent upon completion of financing and receipt of regulatory approvals for the projects.

"FirstEnergy is committed to protecting the environment while meeting our customers' need for reliable electricity," said Guy Pipitone, senior vice president, Operations Strategy & Development, for FirstEnergy, "and we are very pleased to enter into this agreement for renewable energy with US Wind Force.  This agreement for an additional 250 MW of generation with US Wind Force will help us meet those goals while becoming a major renewable energy provider in the region."

"We are excited to partner with FirstEnergy on these projects.  When completed, they will more than double the 234 MW of installed wind power capacity now available in the Mid-Atlantic region of PJM," said David McAnally, chief executive officer, for US Wind Force.

This marks the second renewable energy agreement FirstEnergy has completed in the PJM region.  In April 2003, the company agreed to purchase from FPL Energy, LLC, the output of a 30-MW wind farm now operational in Somerset County, Pennsylvania.

FirstEnergy is a diversified energy company headquartered in Akron, Ohio. Its subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, as well as energy management and other energy-related services.  Its seven electric utility operating companies comprise the nation's fifth largest investor-owned electric system, based on 4.5 million customers served within a 36,100-square-mile area of Ohio, Pennsylvania and New Jersey.

US Wind Force, LLC, is an independent, closely held developer of renewable energy projects.  Currently active in the Mid-Atlantic region with projects under development in Maryland, Pennsylvania and West Virginia, US Wind Force is one of the fastest growing wind energy developers in the United States.

The project companies - Mt. Storm Wind Force, LLC and Liberty Gap Wind Force, LLC - are wholly owned subsidiaries of US Wind Force.

Padoma Wind Power, LLC is a wind energy consulting and development company whose principals have been involved in the development of over 40 successful wind energy projects worldwide, including six projects totaling over 500 MW in the last four-and-a-half years.


Source: http://www.prnewswire.com/c...

MAR 15 2006
http://www.windaction.org/posts/1710-firstenergy-signs-power-purchase-agreements-for-two-wind-power-projects-being-developed-in-west-virginia
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