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Q.
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Who
initiated the Project?
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A.
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Public
Utility District No. 1 of Klickitat County, Washington ("Klickitat
PUD"), Public Utility District No. 1 of Cowlitz County, Washington
("Cowlitz PUD"), Lakeview Light & Power ("Lakeview")
and Tanner Electric Cooperative ("Tanner") sponsored the
Project initially. |
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Q.
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Why
was the Project initiated?
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A.
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To
provide renewable energy to the sponsoring utilities' customers
and the region. The Project will provide electricity for over 38,000
homes. |
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Q.
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How
is the Project financed?
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A.
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As
part of a series of transactions that closed on December 29, 2006,
the White Creek wind project was sold to White Creek Wind I, LLC,
a pass-through entity arranged by Meridian Investments, Inc. At
completion of construction, affiliates of Prudential Capital Group
and Lehman Brothers will become the owners of White Creek Wind I's
parent company, providing equity capital for the Project and receiving
allocations of the Federal production tax credits available to renewable
wind projects. HSH Nordbank AG, New York Branch is providing construction
financing for the Project. The four sponsoring utilities have long-term
power purchase agreements with White Creek Wind I and hold an option
to repurchase the Project after ten years. |
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Q.
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What
are the advantages of the Project to the Roosevelt community?
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A.
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The
Project will provide electricity to Roosevelt community residents
and employment to the area as a result of the construction and operation
of the Project. Certain County roads will also be improved at the
Project's cost. |
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Q.
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Are
there any environmental issues with the Project?
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A.
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The
Project produces clean, renewable energy that reduces the need for
gas and coal fired generation. The Project received strong support
during the permitting process. All permits have been obtained for
the Project and the Project is committed to maintaining a high degree
of care for the environment. |
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Q.
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How
does the Project relate to Washington State Initiative 937?
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A.
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Washington
voters passed State Initiative 937 in November 2006, which calls
for utilities with 25,000 customers to begin meeting a renewable
portfolio standard beginning in 2012. The new law mandates that
utilities utilize non-hydro renewable energy sources (like wind
power) for at least three percent of their power resources in 2012,
nine percent in 2016 and 15 percent by 2020. Cowlitz PUD is the
only White Creek power purchaser with over 25,000 customers. Based
on its share of this new wind resource, Cowlitz is already in position
to meet the new state requirement in 2012 and most of the 2016 mandate.
For more information about I-937, link to http://www.secstate.wa.gov/elections/initiatives/text/i937.pdf. |
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Q.
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How
much energy will the Project produce?
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A.
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The
nameplate capacity of the Project is 205 MW. The Project will provide
enough electricity for over 38,000 homes. |
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Q.
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Where
is the Project?
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A.
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Near
Roosevelt, Washington, in Klickitat County. Please see the Maps
and Photos page. |
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Q.
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Will
there be any impacts from construction of the Project on the local
community?
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A.
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Turbines,
towers and blades will need to be trucked to the Project site. All
reasonable efforts will be made to minimize any traffic impacts.
The Project is also paying to upgrade County roads impacted by the
Project, which will provide a benefit to the community beyond the
life of the construction. |
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Q.
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Who
is building the Project?
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A.
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Siemens
Power Generation, Inc. and RES America Construction, Inc. are building
the Project and Performance Operations & Maintenance Inc. and
Summit Power Wind, LLC are providing certain management services
on behalf of White Creek Wind I. |
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Q.
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Who
will operate and maintain the Project?
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A.
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White
Creek Wind I will retain a qualified Operations and Maintenance
contractor to operate the Project and Siemens Power Generation,
Inc. is providing certain maintenance services to the Project. |