PGE Brings First Turbines Online at Biglow Canyon Wind Farm
PORTLAND, Ore., Oct 15, 2007 (BUSINESS WIRE) -- Portland General Electric Company (PGE) (NYSE:POR) announced today its Biglow Canyon Wind Farm began generating electricity this week as the first several wind turbines on PGE's first, wholly owned and operated wind farm began supplying power on the Pacific Northwest's electricity grid. Phase one of the Biglow Project is on track for completion by the end of this year, and will comprise 76 turbines with an installed capacity of 125 megawatts of electricity -- enough to power about 34,000 homes.
This landmark installation includes the community "signature" turbine blade, which was on display and signed by hundreds of wind power advocates and PGE renewable power customers at PGE's Road to Biglow event at the World Trade Center in Portland, Ore., in August. The signature turbine blade is expected to go online later this month.
"PGE is committed to meeting our customers' energy needs in an increasingly sustainable way and Biglow Canyon will help us to do just that," said Jim Lobdell, vice president, power operations and resources strategy. "Renewable power sources such as Biglow Canyon are an important part of PGE's diverse mix of resources and key to our strategy for meeting demand, protecting the environment and keeping prices reasonable -- all of which are essential to Oregon's energy future."
Biglow Canyon Wind Farm, located near Wasco in Sherman County, Ore., is PGE's newest renewable energy project and is expected to ultimately be one of the largest wind power facilities in the region. When all three phases of the project are completed, PGE expects the wind farm to have between 400 and 450 megawatts of installed capacity, enough to power about 100,000 homes.
The wind farm also is expected to create jobs, provide income for local businesses, generate future tax revenues, and provide easement payments to landowners.
The Biglow Canyon project was developed by Orion Energy LLC and will be built, owned and operated by PGE.
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a fully integrated electric utility that serves approximately 802,000 residential, commercial and industrial customers in Oregon. Visit our Web site at www.PortlandGeneral.com
Safe Harbor Statement
Statements in this news release that relate to future plans, objectives, expectations, performance, events and the like may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include statements concerning the future completion and performance of phase one and subsequent phases of the Biglow Canyon Wind Farm and other expected benefits of the project, as well as other statements identified by words including, but not limited to, "will," "anticipates," "believes," "intends," "estimates," "promises," "expects," "should," "conditioned upon" and similar expressions. Investors are cautioned that any such forward-looking statements are subject to risks and uncertainties, including regulatory, operational and legal matters, as well as other factors that could affect the deployment and successful operation of turbines at the Biglow Canyon project. As a result, actual results may differ materially from those projected in the forward-looking statements. All forward-looking statements included in this news release are based on information available to the Company on the date hereof and such statements speak only as of the date hereof. The Company assumes no obligation to update any such forward-looking statements. Prospective investors should also review the risks and uncertainties listed in the Company's most recent Annual Report on Form 10-K and the Company's reports on Forms 8-K and 10-Q filed with the United States Securities and Exchange Commission, including Management's Discussion and Analysis of Financial Condition and Results of Operation and the risks described therein from time to time.
POR-F
Source: Portland General Electric Company
SOURCE: Portland General Electric Company
Portland General Electric Company Elaina Medina, 503-464-8790
Copyright Business Wire 2007
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