TVA purchasing wind power from Kansas, Illinois
The federal utility said that the contracts will allow it to purchase up to 815 megawatts of renewable wind energy, and will move it closer to a goal of having more than half its power generation come from non-carbon emitting sources.
"Wind power is a clean and limitless source of energy that directly enhances TVA's mission of environmental stewardship," executive vice president Van Wardlaw said in a news release. "When we look at all the options for renewable sources, it makes sense for TVA to invest in wind energy."
TVA's current renewable energy portfolio now includes 5,095 megawatts from hydro, wind, solar and methane sources.
TVA entered a pair of contracts with affiliates of Invenergy Wind to provide up to 350 megawatts from energy centers in McLean County and Henry County, Ill., both beginning in January 2012, according to the federal utility's statement.
The agency also signed contracts with CPV Renewable Energy Co. for up to 165 megawatts from a project in Gray County, Kan., and with Iberdrola Renewables Inc. for up to 300 megawatts from a project in Illinois.
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IEC reaches settlement on Palestinian electricity debt
TEL AVIV - The Palestinian Authority will pay Israel Electric NIS 915 million and take over management of its grid through Palestinian electricity supplier PETL.
The Israel Electric Corporation (IEC) (TASE: ELEC.B22) and Palestinian electricity supplier PETL have signed a draft commercial agreement under which the Palestinian Authority's (PA) debt of almost NIS 1 billion will be repaid. The agreement also transfers actual management of the supply of electricity to Palestinian customers from IEC to the Palestinian electricity authority.
Up until now, the IEC was unable to actually collect debts for electricity from Palestinian customers, because the connection with them was through…
