NACEL ENERGY UPDATES APS BID
NACEL Energy Corporation (OTC BB: “NCEN”) (FRANKFURT: “4FC”) today confirmed a preliminary decision from Arizona Public Service Co. (APS) is expected to be announced June 4, 2010, regarding the utility’s recent request for proposals for the delivery of utility scale wind power.
NACEL Energy, together with the assistance of a tier-one wind turbine manufacturer, submitted a bid to APS for the supply of 19.5 megawatts of clean, renewable wind energy to be sourced from the Company’s Snowflake wind project located in Navajo County, Arizona (see NACEL Energy’s press release and 8-K filing of April 15, 2010).
On January 27, 2010, APS issued a formal call for new wind power generated from projects of between 15 and 100 megawatts, located entirely within the borders of Arizona. Successful bidders will contract with APS under long term power purchase contracts and/or turn-key build and transfer arrangements.
About NACEL Energy Corporation (OTC BB: NCEN)
NACEL Energy is one of the first publicly traded companies in America exclusively developing clean, renewable, utility scale wind power. NACEL Energy has commenced work on its latest Snowflake project in Arizona in addition to Leila Lake, Hedley Pointe, Swisher, Channing Flats and Blue Creek, all located in the Texas Panhandle. NACEL Energy anticipates generating an aggregate 130 megawatts, or more, of new wind power upon their completion. NACEL Energy was founded in 2006 and successfully completed its IPO in December of 2007.
Read all NACEL Energy news releases at http://www.nacelenergy.com/news/archive.html
