Forward-looking information can generally be identified by the use of words such as “approximately”, “may”, “will”, “could”, “believe”, “expect”, “intend”, “should”, “would”, “plan”, “potential”, “project”, “anticipate”, “estimate”, “planned” or “forecast” or other comparable terms indicating whether or not certain events will occur. It represents the Company`s projections and expectations with respect to future events or results as of the date of this press release. These charts show the percentage of existing renewable energy generation in Wyoming and future growth forecasts based on existing renewable energy portfolio (RPS) standards. When developing a renewable energy strategy, cities should consider the amount of renewable energy they already derive from their utility and technologies that have proven to be more efficient in their state (e.g. B wind vs sun). In addition, cities that emit greenhouse gases (GHGs) may want to consider the carbon intensity of their local grid. Cities in states that rely heavily on coal or oil are in a prime position to reduce their carbon intensity by purchasing renewable energy. For more than 30 years, Innergex has believed in a world where the abundance of renewable energy fosters healthier communities and creates shared prosperity. As an independent renewable energy producer that develops, acquires, owns and operates hydropower plants, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating electricity from renewable sources will pave the way for a better world. Innergex operates in Canada, the United States, France and Chile and manages a broad portfolio of high-quality assets that currently consists of investments in 76 operating facilities with a total net installed capacity of 2,747 MW (3,701 MW gross) and an energy storage capacity of 150 MWh, including 37 hydroelectric plants, 33 wind farms and six solar farms. Innergex also holds interests in nine projects under development, three of which are under construction, with a net installed capacity of 551 MW (623 MW gross) and an energy storage capacity of 329 MWh, as well as in potential projects at various stages of development with a total gross capacity of 6,875 MW.
The approach to creating shareholder value is to generate sustainable cash flows, generate an attractive risk-adjusted return on invested capital and pay a stable dividend. Both parties, along with several stakeholders, presented a settlement agreement on the contract in June. Under the new contract, electricity will be sold at $21.22 per kW per month, about 10% less than the $24.77 per month kW originally proposed. In states that have no choice between retail electricity, consumers have to purchase electricity directly from their traditional utility, which can limit their ability to enter into contracts with third-party providers. Under the terms of the agreement, Black Hills Wyoming will continue to provide Cheyenne Light with 60 megawatts of baseload capacity and energy from its Wygen I power plant. The new agreement will start on 1 January 2022 and will replace the existing power purchase agreement and will last 11 years until 31 December 2032. The Wygen I Power Plant is located near Gillette in northeastern Wyoming and is a mining estuary operation with the adjacent mining complex. FERC approves power purchase agreement between Black Hills units Wholesale prices must be taken into account when entering into an external power purchase agreement. For more information, see the descriptions of these contracts on our Renewable Energy Supply Options page. Note that prices vary depending on the season, day and time.
Clear historical wholesale electricity rates can be found here. The Federal Energy Regulatory Commission has approved a power purchase agreement between Cheyenne Light Fuel and Power Co., a subsidiary of Black Hills Corp., operating as Black Hills Energy, and Black Hills Wyoming, a power generation subsidiary. Black Hills Corp. officials said the extended contract will provide Cheyenne Light with a continuous source of baseload power as it begins to incorporate more renewable resources into its supply mix. The utility will begin adding wind energy to its resource mix in the coming months. .