GE invests in Oklahoma wind farm expansion
COMANCHE AND CADDO COUNTIES, OKLAHOMA - General Electric announced it is collaborating with Horizon Wind Energy LLC to invest $117 million in a wind farm complex in Oklahoma.
GE Energy Financial Services announced the partnership with Horizon Wind Energy LLC, owned by EDP Renewables. The financing targets expansions to the Blue Canyon V wind farm in Comanche and Caddo counties in southwest Oklahoma.
Horizon plans to expand its 225-megawatt Blue Canyon V wind farm by 99 MW. The renewables company said the project could satisfy the yearly energy demands of approximately 30,000 homes and avoid more than 200,000 tons of greenhouse gas emissions.
GE and Horizon partnered in 2008 on a 600 MW wind farm portfolio that spans four U.S. states.
GE, whose 1.5 MW wind turbines are among the most widely used in the United States, said it plans to invest $6 billion through 2010 in wind, solar, biomass, hydroelectric and geothermal power generation projects.
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BC Hydro rates going up 3 per cent
VANCOUVER - The B.C. Utilities Commission has rejected a request by the provincial government to freeze rates at BC Hydro for the coming year, meaning a pending rate increase of three percent will come into effect, April 1, 2018.
BC Hydro had asked for the three per cent increase, but, last year, Energy Minister Michelle Mungall directed the Crown corporation to resubmit its request in order to meet an NDP election promise.
"After years of escalating electricity costs, British Columbians deserve a break on their bills," she said at the time.
However, the utilities commission found there was "insufficient regulatory justification to approve…
