MANDAN, N.D., Jan. 15 /PRNewswire-FirstCall/ -- Crownbutte Wind Power, Inc. (OTC Bulletin Board: CBWP) announced today that the company and Montana-Dakota Utilities ("MDU") have agreed to terms for an electricity dispatch and scheduling services agreement, under which MDU will meter and dispatch the generated electricity from Crownbutte's 19.5 MW Gascoyne I wind project in Bowman County, North Dakota. The generated electricity will be sold onto the Midwest ISO locational marginal price (LMP) market, a real time, pricing-node-based electricity market.
About Crownbutte Wind Power, Inc.
Established in 1999, Crownbutte Wind Power, Inc., (www.crownbutte.com) is a North Dakota based developer of merchant wind power parks, with a current pipeline of over 640 MW of projects in various stages of development across North Dakota, South Dakota and Montana. Crownbutte has strategically sized these projects to fit into the existing power grid so as to require only minimal transmission system upgrades, and therefore expects to be able to begin construction and operation much sooner than would be the case for larger projects requiring new transmission.
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These forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those that we expected. Forward-looking statements are largely based on our expectations, which reflect many estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors and it is impossible for us to anticipate all factors that could affect our actual results. In addition, management's assumptions about future events may prove to be inaccurate. Forward-looking statements contained in this press release are not guarantees of future performance, and we cannot assure any reader that such statements will be realized or the forward looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to the factors listed in the "Risk Factors" section and elsewhere in our most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q and current reports on form 8-K and other reports filed by us with the Securities and Exchange Commission, and available at www.sec.gov. All forward-looking statements are based upon information available to us on the date of this press release. We undertake no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as otherwise required by law.
SOURCE Crownbutte Wind Power, Inc.