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Utility AEP doubles wind power holdings
1 February 2002
American Electric Power (AEP) more than doubled its US wind power holdings in December when it bought the 160 MW Indian Mesa project from owner and developer Enron Wind Corp. AEP also owns the 150 MW Trent Mesa project (Windpower Monthly, December 2001), completed in November. Both projects are in West Texas and both were developed by Enron Wind using its 1.5 MW turbines. Enron will continue to provide operations and maintenance services. The 310 MW of wind generation is a small proportion of AEP's resources. The giant energy company has power plants exceeding 38,000 MW and more than seven million retail customers, placing it first among US companies in generation and second among wholesale marketers of electricity and natural gas. AEP paid Enron just under $1.1 million a megawatt of installed capacity, or $175 million, for the Indian Mesa project, about the same price it paid for Trent Mesa. Enron already had a power sales agreement for Indian Mesa's output with City Public Service of San Antonio, Texas, and AEP says the agreement will stand.
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