under construction in the Oklahoma panhandle, is getting closer to lift-off.
Southwestern Electric Power Company (SWEPCO), a subsidiary of major utility American Electric Power, announced this week a settlement with various parties, including Walmart, allowing the $4.5 billion project to move forward.
"After a series of negotiation sessions with the [Arkansas Public Service Commission] General Staff, the Arkansas Attorney General and other parties, SWEPCO agreed to provide a number of guarantees, including a cap on construction costs, qualification for 100 percent of the federal Production Tax Credits, minimum annual production from the project, and others."
The project is subject to approval by utility commissions in Arkansas, Louisiana, Texas and Oklahoma, as well as the Federal Energy Regulatory Commission.
The Wind Catcher facility, developed by Invenergy, will be the largest single-site wind farm in the U.S. once complete. The 2,000-megawatt facility will generate power from 800 GE 2.5 megawatt turbines. The project also involves building a 360-mile extra high-voltage 765 kilovolt power line to connect two new substations, one located at the wind facility and a second near Tulsa, Oklahoma.