RES and Cielo were deemed the best of 16 proposals Austin Energy received as a result of a March 2003 solicitation for 200 million kWh a year to meet the needs of the city's unique and fast growing green pricing program (Windpower Monthly, May 2003). Negotiations include a 53 MW power sales contract with RES that is not to exceed $92 million, say council records. If the city and RES cannot close negotiations, the city can negotiate the 53 MW agreement with Cielo instead, says Austin Energy's Leslie Libby.
In addition, the council approved negotiating with Cielo an additional 15 MW that it would add to an existing 25 MW ten-year agreement. The addition is not to exceed $10 million.
Although the contracts could be signed as early as this month, construction is on hold until Congress extends wind's federal production tax credit past the current December 31 expiry date.