NACEL Energy Submits Interconnection Plan to Swisher Electric Cooperative

Tue Jul 14, 2009 7:35am EDT
 
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  DENVER, CO, Jul 14 (MARKET WIRE) -- 
NACEL Energy Corporation (OTCBB: NCEN) (FRANKFURT: 4FC) ("NACEL Energy"),
a wind power company in business to generate clean, renewable energy,
today confirmed it has submitted an "Application for Operation of Customer
Owned Generation" to Swisher Electric Cooperative, Inc. (SECI) concerning
the interconnection of the Company's 20 MW Swisher wind power project, to
the electric grid.

    SECI serves an area of 1,871 square miles in six counties in the Texas
Panhandle and is part of Touchstone Energy's group of electric
cooperatives. NACEL Energy's complete submission to SECI included
requisite engineering drawings, wind turbine selection and proposed date
of commissioning (operations).

    As NACEL Energy previously confirmed on January 21st, 2009, an NRG Systems
meteorological tower was erected at Swisher, which comprises 1573 acres in
Donley County, Texas. According to the Texas State Energy Conservation
Office (SECO), the Texas Panhandle exhibits the State's "greatest expanse
of high quality winds." Last quarter, the Company commissioned an interim
analysis of site wind data collected at Swisher and results met
expectations.

    NACEL Energy identifies interconnection points in the nation's electric
grid, and then leases nearby acreage where 6 to 18 utility class wind
turbines can be constructed without incurring the often significant
transmission and related electric infrastructure upgrade costs and delays
which can adversely impact other company's wind power projects. The
Company's work in this regard is currently focused in Texas, Arizona,
Kansas and Illinois.

    NACEL Energy anticipates a period of several months, or longer, before a
final interconnection agreement can be executed with SECI. In the interim,
important additional development milestones are underway including,
without limitation, obtaining turbine debt financing and a power purchase
agreement. Accordingly, the Company cautions that commissioning
(operations) at Swisher is not expected until July 2010, or later
depending on future events.

    NACEL Energy Chief Executive Officer, Brian Lavery, stated:

    "With our submission of an Interconnection Plan coupled with delivery of
engineering drawings and other requisite documentation to SECI, as
confirmed today, we are able to confirm that the pace of development at
Swisher is proceeding satisfactorily and as contemplated by the Company."

    About NACEL Energy Corporation (OTCBB: NCEN)

    NACEL Energy is one of the first publicly traded companies in America
exclusively developing clean, renewable, utility scale wind energy. The
Company has commenced work at its Leila Lakes, Hedley Pointe, Swisher,
Channing Flats and Blue Creek projects, all located in the Texas
Panhandle, and currently anticipates generating 100 MW, or more, of new
wind power upon their completion. In addition, the Company continues its
work assessing the feasibility of wind project opportunities in Arizona,
Kansas, Illinois and the Dominican Republic. NACEL Energy was founded in
2006 and successfully completed its IPO in December of 2007.

    For more information visit our website www.nacelenergy.com


NACEL Energy
The WIND POWER COMPANY(TM)

    
Notice regarding Forward-Looking Statements

    Statements in this press release relating to NACEL Energy's plans,
strategies, economic performance and trends, projections of results of
specific activities, and other statements that are not descriptions or
historical facts may be forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Forward-looking information is subject to risks and uncertainties,
and actual results could differ materially from those currently
anticipated due to a number of factors, which include, but are not
limited to, risk factors inherent in NACEL Energy's business.
Forward-looking statements may be identified by words such as "should,"
"may," "will," "anticipate," "expect," "estimate," "intend" or
"continue," or comparable words or phrases. This press release cautions
that NACEL Energy must undertake and complete many steps in the
development model before the generation of wind energy can commence.
Among the numerous items which have to be completed in this regard
include, without limitation, obtaining pertinent agreements and permits,
construction of project facilities, satisfying financial requirements and
other burdens. Interested persons are encouraged to read the SEC reports
of NACEL Energy, particularly its Annual Report on Form 10-K for the
fiscal year ended March 31st, 2009, for meaningful cautionary language
disclosing why actual results may vary materially from those anticipated
by management.

    

Contact:

NACEL Energy Shareholder Services
1-888-242-5848

Copyright 2009, Market Wire, All rights reserved.

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