Xcel Energy signs 20-year wind deals despite regulatory uncertainty

07/5/2011 | Star Tribune (Minneapolis-St. Paul, Minn.)

Xcel Energy on Friday agreed to a 20-year contract to purchase electricity from a 200-megawatt wind project near Luverne, Minn., after earlier signing a similar 20-year deal with a 78-MW wind farm in Goodhue County. The company wanted to secure the 200-MW project because federal tax incentives may not be extended by the end of the year, said Jim Alders, regulatory administration director at Xcel. "In a political climate with great concern about deficit spending, there is increased concern that the Production Tax Credit may not survive in its existing form," Alders added.

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Star Tribune (Minneapolis-St. Paul, Minn.)

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