High Country Energy, LLC, and Wisconsin Public Service Corporation Announce Agreement...
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High Country Energy, LLC, and Wisconsin Public Service Corporation Announce Agreement on Wind Farm Purchase MINNEAPOLIS, March 14 /PRNewswire/ -- High Country Energy, LLC, and Wisconsin Public Service Corporation (WPSC), a subsidiary of Integrys Energy Group, Inc. (NYSE: TEG), announced today that WPSC has signed a letter of intent to acquire a 150-Megawatt (MW) portion of the High Country wind project. The High Country Wind Energy Park, located in Dodge and Olmsted counties, Minnesota, is planned to include a total of over 300 MW's. "This development and sale of the first phase of the High Country Energy project is a very positive opportunity for our local community," says Patrick Pelstring, co-chair of National Wind. National Wind is a minority owner and the managing member of High Country. "We are excited to work with a successful and respected utility such as WPSC on this project. A sale of a portion of this project helps diversify High Country Energy's income stream and adds to the overall scale of the project, making it more competitive. The majority of the proceeds from the sale will remain within the community." WPSC expects to complete construction on the project in a timeframe coinciding with the timeline set by the Midwest Independent System Operator (MISO) for transmitting the electricity. With the increases in renewable energy in our region, we have to be 'in line' at MISO to get our energy into the system," said WPSC General Manager for Renewable Resources Charlie Severance. "In partnership with High Country, we are planning to immediately initiate the permitting and transmission processes. We anticipate we will have the answers we need in the next two years and construction will start once the interconnection schedule is firmed up." National Wind, LLC, partnered with the community to form and capitalize High Country Energy, LLC, early in 2007. This project sale is only one part of High Country Energy's project portfolio, which will consist of additional phases that will be developed in the coming years. Additional phases are expected to be developed and financed by High Country so the community can realize the additional long-term economic benefits of a wind development. "At WPSC, we are committed to the communities we serve and dedicated to helping them improve their local economies," says Severance. "For this reason, we are excited to work closely with High Country Energy and the local landowners, helping them build an economically viable project for their community. The wind power generated from this project will help us secure an important competitive and efficient energy resource for our growing customer base in Wisconsin." The High Country Energy Wind Park is situated on more than 70 square miles of agricultural land in eastern Dodge and western Olmsted counties, near the border of the two counties. As proposed, this first phase will include an estimated 100 turbines, providing up to 150 MW's of capacity, or enough energy to power 44,000 homes. The energy from this first project phase will be delivered to WPSC's service territory, consisting of a large portion of northeast and central Wisconsin and a small part of Upper Michigan. Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You can identify these statements by the fact that they do not relate strictly to historical or current facts and often include words such as "anticipate," "expect," "intend," and other similar words. Forward-looking statements are beyond the ability of Integrys Energy Group to control and, in many cases, Integrys Energy Group cannot predict what factors would cause actual results to differ materially from those indicated by forward-looking statements. Please see Integrys Energy Group's periodic reports filed with the Securities and Exchange Commission (including its 10-K and 10-Qs) for a listing of certain factors that could cause actual results to differ materially from those contained in forward-looking statements. About High Country Energy: High Country Energy, LLC, is a Community-Based Energy Development (C-BED) company located in southeastern Dodge and southwestern Olmsted counties in Minnesota. Our company exists to develop and produce wind energy projects which are sustainable, generational and environmentally responsible. The company's financial commitment is to assure a majority of the financial benefits are shared with its local stockholders, area land owners and the surrounding community. Please visit http://www.highcountryenergy.com for more information. About Wisconsin Public Service Corporation (WPSC): Wisconsin Public Service Corporation, a wholly owned subsidiary of Integrys Energy Group, Inc. (NYSE: TEG), is an investor-owned electric and natural gas utility headquartered in Green Bay, Wisconsin. It serves approximately 433,000 electric customers and 314,000 retail natural gas customers in residential, agricultural, industrial, and commercial markets, as well as wholesale customers. The company's service area includes northeastern and central Wisconsin, as well as an adjacent portion of Upper Michigan. Information is available online at http://www.wisconsinpublicservice.com. About National Wind, LLC: National Wind, LLC, is the leader in developing utility-scale (50 megawatts or more) community wind energy projects. We form powerful community wind energy partnerships with property owners, assuring that a project's economic benefits remain in the community. National Wind and its subsidiary, Wind Energy Developers, LLC, have participated in the development of 15 wind energy projects and currently have over 3,000 megawatts in development. National Wind projects are located in Minnesota, Iowa, North Dakota and South Dakota, and the company is exploring expansion opportunities in other states. Please visit http://www.nationalwind.com for more information. SOURCE Wisconsin Public Service Corporation Erin Edholm, Director of Communications of High Country Energy LLC, +1-612-746-6646, Cell, +1-952-221-5075, email@example.com; or Kerry Spees, External Affairs of Wisconsin Public Service Corp., +1-920-433-1589, Cell, +1-920-639-1463, firstname.lastname@example.org
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