logo
  Join        Login             Stock Quote

New Transmission Lines Solving Wind Industry's Biggest Problem, According to RW Towt & Associates

Thursday, February 17, 2011 7:35 AM


The following is being issued by RW Towt & Associates, a member of the Financial Industry Regulatory Authority, CRD number 128837:

SAN DIEGO, Feb. 17, 2011 /PRNewswire/ -- The U.S. Wind Power industry appears to be poised for new period of growth after very nearly becoming a victim of its own success. In the boom years of the early 2000s thousands of new wind turbines were installed. But, by 2008, the nation's aging electric grid became so overwhelmed many wind projects were cancelled – notably T. Boone Pickens' ambitious $10 billion project near Pampa, TX.

Fast forward to 2011 and the critical transmission upgrades to the electric grid are beginning to have an impact. Southern California Edison's (NYSE: EIX) high voltage line connecting the Tehachapi Pass to Los Angeles has breathed new life into what was the nation's oldest area of wind turbines. The increased capacity to LA has enabled construction on California's largest wind park located in Kern County.

ITC Holdings' (NYSE: ITC) Green Power Express is a network of transmission upgrades across the Midwest. President Obama recently highlighted one key part of the new system – a high voltage line connecting windy North Dakota with Chicago. Like the Tehachapi line to Los Angeles, the Green Power Express is expected to spur construction of hundreds of megawatts of new wind power from developers with pending projects in the Dakotas, such as Crownbutte Wind Power (OTC Bulletin Board: CBWP) of Mandan, North Dakota and Next Era (NYSE: NEE).

As important as the transmission upgrades in California and the Midwest are for the wind industry, the worst bottleneck is in Texas – long number one in wind power. In 2008, the Texas Public Utility Commission responded by approving a package of transmission upgrades totaling $5 billion. The first new transmission route is along Interstate 10 and another route was chosen last December to the Texas Panhandle – considered to be the nation's best wind region.

Wind developers with shovel ready projects pending near the new Panhandle high voltage line include Nacel Energy (OTC Bulletin Board: NCEN) as well as privately held RES America and Cielo Wind Power.

For disclosures and further information follow this link www.rwtowt-btb.com/windpower

Contact:


RW Towt & Associates

info@rwtowt-btb.com



SOURCE RW Towt & Associates

(Source: PR Newswire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.