April 26, 2018 Read More →

Walmart, Oklahoma Industrials Sign on to Massive Wind Catcher Project

Tulsa World:

With a guarantee of savings and other assurances, Public Service Company of Oklahoma got a boost from Oklahoma Industrial Energy Consumers and Walmart for its Wind Catcher project as the time nears for the Oklahoma Corporation Commission to decide on pre-approval of the project’s cost-recovery plan.

The company had its last hearing in front of the commission on March 14, and part of its presentation included a settlement agreement with major consumer Walmart stating its support of the project. On Wednesday the company announced that it has replaced that agreement with one that includes Walmart as well as the OIEC, a membership organization that represents PSO’s largest industrial consumers.

The bolstered agreement stems, in part, from that last meeting in which the commission commented that it would like to see a stronger agreement, PSO spokesman Stan Whiteford said. “We had some more settlement discussions with OIEC following the last hearing and essentially discussed whether we could offer enough guarantees,” he said.

If there is not a demonstrated cost savings for customers over the first 10 years of the life of the project, the difference would be made up over the remaining life of the project, according to the new agreement. “This provision is a significant guarantee that addresses many concerns of risks to customers that have been expressed by the parties to this case,” the agreement states.

PSO has stated that Wind Catcher is expected to save the company’s customers around $2 billion net of its costs over the 25 years the project is in service.

More: Large Consumers Of Electricity Sign On To Support Wind Catcher Project

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