Wolverine Power Cooperative Partners with Exelon Generation to Lead Michigan's Renewable Energy Future
CADILLAC, Mich., Oct. 29, 2015 /PRNewswire/ -- Wolverine Power Supply Cooperative, Inc. (Wolverine), a not-for-profit generation and transmission electric cooperative, announces today that it has entered into a 20-year power purchase agreement (PPA) with Exelon Generation (Exelon), one of the nation's leading competitive power generators, for 153 megawatts (MW) of new wind generation in Michigan's Thumb region.
The wind power will be supplied from the Michigan Wind 3 project, which will be located in Sanilac County, Michigan. Exelon is scheduled to begin construction on the project in spring 2016 and begin commercial operation by December 2016.
"Wolverine is excited about the addition of Michigan Wind 3 to its portfolio," states Eric Baker, President and CEO of Wolverine. "This project positions Wolverine favorably with significant renewable generation. When Michigan Wind 3 is complete, Wolverine expects to have more than 350 MW of wind generation in its portfolio, meaning Michigan cooperatives will achieve a 30 percent renewable level."
"Wind energy is an important element of Exelon's strategy to offer more low-carbon electricity in the marketplace. We're pleased to partner with Wolverine to provide clean energy to its members and to continue to grow our clean energy portfolio," says Corey Hessen, vice president, Exelon Generation Development. "The Michigan Wind 3 project allows us to expand our wind generation presence in Michigan, increasing our fleet capacity in the state to more than 550 MW. Furthermore, Michigan Wind 3 is an investment in the future of the Sanilac County communities and will provide a boost to local economies through jobs, taxes and community spending."
Exelon owns and operates 47 wind projects in ten states comprising 1,500 MW of generation. Six of those wind projects are located in Michigan and have a total capacity of more than 400 MW: Beebe and Beebe 1B Renewable Energy wind projects in Ithaca; Harvest I and Harvest II wind projects in Elkton; Michigan Wind 1 project in Ubly; and Michigan Wind 2 project in Minden City. Exelon is the 12th largest generator of wind energy in the United States.
Wolverine currently receives approximately 50 MW of wind energy from the Harvest Wind Farm located between Elkton and Pigeon, Michigan. Wolverine will also receive 150 MW of wind energy from the new Deerfield Wind Energy project located in Huron County, Michigan, when it achieves commercial operation, scheduled for late 2016. The addition of the Michigan Wind 3 project will make Wolverine the renewable energy leader in Michigan.
About Wolverine
Wolverine Power Supply Cooperative, Inc. is a not-for-profit generation and transmission cooperative headquartered in Cadillac, Michigan. Wolverine is owned by and supplies wholesale power to five distribution electric cooperatives: Cherryland Electric Cooperative, Grawn; Great Lakes Energy, Boyne City; HomeWorks Tri-County Electric Cooperative, Portland; Presque Isle Electric & Gas Co-op, Onaway; and Midwest Energy Cooperative, Cassopolis; and two alternative electric suppliers: Spartan Renewable Energy, Cadillac; and Wolverine Power Marketing Cooperative, Cadillac. For more information, please visit www.wpsci.com.
About Exelon
Exelon Corporation (NYSE: EXC) is the nation's leading competitive energy provider, with 2014 revenues of approximately $27.4 billion. Headquartered in Chicago, Exelon does business in 48 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with more than 32,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. The company's Constellation business unit provides energy products and services to more than 2.5 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Exelon's utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). Follow Exelon and Exelon Generation on Twitter: @Exelon and @ExelonGen.
SOURCE Wolverine Power Supply Cooperative
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