Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

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Texas Solar Project Sold to CIP

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Industry News

KCP&L Boosts Wind Power Portfolio by 500 MW

LCG, April 8, 2016--KCP&L yesterday announced plans to increase its renewable energy portfolio with the purchase of an additional 500 MW of electricity from two new wind facilities under 20-year power purchase agreements (PPAs). Once these projects are operational, they will increase KCP&L's total wind energy portfolio to nearly 1,400 MW.

KCP&L will purchase power from NextEra Energy Resources' Osborn project, a planned 200 MW wind farm located in DeKalb County just east of St. Joseph, Missouri. The project is scheduled to achieve commercial operation by the end of 2016. The second project from which KCP&L will purchase power is Tradewind Energy's Rock Creek Wind Project, a 300-MW project located approximately 60 miles north of St. Joseph that is scheduled to commence commercial operations by September, 2017.

KCP&L's President and CEO stated, "This announcement marks a significant investment in renewable energy, and will benefit our customers and the region. Over the past decade, we've transitioned our energy mix to become more sustainable and cleaner, and today is the most recent in a series of investments in renewable energy. We're excited to announce our first wind facilities in our Missouri service area."

Both of the wind projects are in KP&L's service territory, and the locations minimize the transmission risk given the proximity to electric load. The two projects will connect directly to the Midwest Transmission Project (MTP) transmission line, which allows for easier delivery of the electricity within this region.

The projects qualify for the federal Production Tax Credit (PTC), enabling lower power costs for KCP&L in its efforts to comply with Missouri renewable portfolio standards (RPS). The RPS requires investor-owned utilities (IOUs) operating in the Missouri to supply a specified percentage of sales with renewable energy. The current threshold is 5 percent, rising to 10 percent from 2018 to 2020, and 15 percent thereafter. The additional wind may also enable KCP&L to meet state requirements for the EPA's Clean Power Plan (CPP).
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