Gov. Heineman, Sempra U.S. Gas & Power Dedicate Nebraska's Newest Clean Energy Project
Oct 27, 2014
BROKEN BOW, Neb., Oct. 27, 2014 /PRNewswire/ -- Nebraska Gov. Dave Heineman, Sempra U.S. Gas & Power officials, and state and community leaders today dedicated the state's newest clean energy project, the 75-megawatt (MW) Broken Bow II wind farm.
Located in Custer County, Neb., the new wind facility's 43 turbines generate enough clean electricity to power about 30,000 Nebraska homes. The power from the facility has been sold to the Nebraska Public Power District under a 25-year contract.
"The completion of Broken Bow II further positions the state of Nebraska as a renewable energy leader," said Gov. Heineman. "Wind projects like this one provide Nebraskans with clean energy, they represent job creation and they are new sources of revenue for local landowners and businesses."
"We are pleased to provide a new source of clean power to the region as our company continues to invest in the development, construction and operation of renewable energy infrastructure," said Kevin C. Sagara, vice president of renewables for Sempra U.S. Gas & Power. "This project could not have been built without the vision and support of the state's leadership, the Nebraska Public Power District, Broken Bow area landowners and the community. We look forward to continuing these long-term partnerships throughout the life of this project."
Construction on the new wind farm began in January 2014. It provided a boost to the local economy by creating more than 300 jobs during peak construction. Broken Bow II was placed into commercial operation on October 1, 2014.
"It's exciting to see large-scale projects like Broken Bow II increasingly become a part of Custer County's business landscape," said Melissa Garcia, president and CEO of Custer Economic Development Corporation. "The economic impact from this project extends beyond those who are directly involved, to include members of the community who own and operate a range of local businesses."
"The commercial operation of the Broken Bow II wind farm brings Nebraska Public Power District to within 22 megawatts of meeting our voluntary renewable energy goal to obtain 10 percent of our electricity from renewable sources by 2020," said Pat Pope, president and CEO of Nebraska Public Power District. "We continue to diversify our energy portfolio, while still focusing on reliability and the low rates our valued customers expect."
The completion of Broken Bow II expands Sempra U.S. Gas & Power's operating wind portfolio, including jointly-owned projects, to more than 1,100 MW.
About Sempra U.S. Gas & Power
This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words like "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "intends," "depends," "should," "could," "would," "will," "may," "potential," "target," "pursue," "goals," "outlook," "maintain" or similar expressions, or discussions of guidance, strategies, plans, goals, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are necessarily based upon various assumptions involving judgments with respect to the future and other risks, including, among others: local, regional, national and international economic, competitive, political, legislative and regulatory conditions and developments; actions and the timing of actions, including issuances of permits to construct and licenses for operation, by the California Public Utilities Commission, California State Legislature, U.S. Department of Energy, Federal Energy Regulatory Commission, Nuclear Regulatory Commission, Atomic Safety and Licensing Board, California Energy Commission, U.S. Environmental Protection Agency, California Air Resources Board and other regulatory, governmental and environmental bodies in the United States and other countries in which we operate; capital markets conditions, including the availability of credit and the liquidity of our investments; the timing and success of business development efforts and construction, maintenance and capital projects, including risks in obtaining permits, licenses, certificates and other authorizations on a timely basis and risks in obtaining adequate and competitive financing for such projects; delays in the timing of costs incurred and the timing of regulatory agency authorization to recover such costs in rates from customers; inflation, interest and exchange rates; the impact of benchmark interest rates, generally Moody's A-rated utility bond yields, on our California utilities' cost of capital; energy markets, including the timing and extent of changes and volatility in commodity prices; the availability of electric power, natural gas and liquefied natural gas, including disruptions caused by failures in the North American transmission grid, pipeline explosions and equipment failures and the decommissioning of San Onofre Nuclear Generating Station (SONGS); weather conditions, natural disasters, catastrophic accidents, and conservation efforts; cybersecurity threats to the energy grid and the confidentiality of our proprietary information and the personal information of our customers, terrorist attacks that threaten system operations and critical infrastructure, and wars; risks inherent with nuclear power facilities and radioactive materials storage, including the catastrophic release of such materials, the disallowance of the recovery of the investment in, or operating costs of, the nuclear facility due to an extended outage and facility closure, and increased regulatory oversight; risks that partners or counterparties will be unable or unwilling to fulfill their contractual commitments; risks posed by decisions and actions of third parties who control the operations of investments in which we do not have a controlling interest; business, regulatory, environmental and legal decisions and requirements; expropriation of assets by foreign governments and title and other property disputes; the impact on reliability of San Diego Gas & Electric Company's electric transmission and distribution system due to increased amount and variability of power supply from renewable energy sources; the impact on competitive customer rates of the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through San Diego Gas & Electric Company's electric transmission and distribution system; the inability or determination not to enter into long-term supply and sales agreements or long-term firm capacity agreements, due to insufficient market interest, unattractive pricing or other factors; the resolution of litigation; and other uncertainties, all of which are difficult to predict and many of which are beyond the control of the company. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website at www.sempra.com.
Investors should not rely unduly on any forward-looking statement. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise.
Sempra International, LLC, and Sempra U.S. Gas & Power, LLC, are not the same companies as the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra International, LLC, and Sempra U.S. Gas & Power, LLC, are not regulated by the California Public Utilities Commission. Sempra International's underlying entities include Sempra Mexico and Sempra South American Utilities. Sempra U.S. Gas & Power's underlying entities include Sempra Renewables and Sempra Natural Gas.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gov-heineman-sempra-us-gas--power-dedicate-nebraskas-newest-clean-energy-project-123146993.html
SOURCE Sempra U.S. Gas & Power