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Governor Heineman Joins Edison Mission Energy And Nebraska Public Power District To Dedicate New Nebraska Wind Farm

Stocks in this article: EIX

Construction of Broken Bow is taking approximately one year to complete. During its peak construction phase, the project employed approximately 100 individuals at the site. During construction, the project contributed approximately $5.6 million to the state in sales tax revenues.

The wind farm will provide average annual tax revenues of approximately $600,000 over the next 25 years in property taxes and state income taxes. In addition, Broken Bow will generate an average of $540,000 per year in lease royalties to local landowners. Operations at the wind farm will provide seven permanent jobs in the Broken Bow area.

EME President Pedro Pizarro presented a $20,000 donation to Broken Bow School Superintendent Mark Sievering in support of the Broken Bow Public Schools Foundation's capital campaign for the North Park Elementary gymnasium improvements.

The facility is powered by 50 wind turbines, each capable of producing 1.6 MW of power at peak output. The turbines are mounted on 80-meter high towers. The wind farm site occupies approximately 14,000 acres of land.

EME is the sixth largest operator of wind energy projects in the U.S. and the largest in Nebraska. EME operates two other wind farms in Nebraska which also sell their output to NPPD – the 80 MW Elkhorn Ridge wind farm near Bloomfield in Knox County and the 80 MW Laredo Ridge wind farm near Petersburg in Boone County. The Elkhorn Ridge facility began operation in 2009 and is majority-owned by EME, with one-third owned by Nebraska employee-owners of Tenaska, a privately-held energy company headquartered in Omaha. Laredo Ridge, which is 100 percent owned and operated by EME, was commissioned in November of 2010. The 40 MW Crofton Bluffs wind farm, which is adjacent to the Elkhorn Ridge site, is currently under construction and is expected to be operational by year-end 2012.

About Edison Mission Energy (EME)

With offices in Santa Ana, Calif., EME manages the competitive power generation business of Edison International (NYSE:EIX) and owns, operates or leases a portfolio of nearly 50 electric generating sites in 13 states that are powered by wind, natural gas, biomass and coal, as well as an energy marketing and trading operation based in Boston. EME is the sixth largest developer of wind energy projects in the U.S. with a current portfolio of 31 projects in operation or under construction in 11 states with a total generating capacity of nearly 2,000 megawatts.

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