Xcel (XEL) Selects NextEra Energy Resources (FPL) For Wind Farm

Xcel Energy has chosen NextEra Energy Resources to build its planned Northern Colorado Wind Facility. If the 152 MW project is approved by Colorado regulators, it’s scheduled to be producing power by the end of this year. 

From the Denver Business Journal,

here are more details about the contract:

The 25-year contract between Xcel and NextEra calls for Xcel paying $50 per megawatt hour of energy produced during the farm’s first year of operation — or about $26.75 million in year one for the 535,000 megawatt hours of power the farm is expected to product. The price of the power rises after the first year, Xcel spokesman Tom Henley said.

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