The organization's wind peak came as Tulsa-based utility Public Service Co. of Oklahoma announced agreements with three wind developers for 600 megawatts of wind capacity to come online in 2016. PSO, a unit of American Electric Power Co. Inc., has more than 530,000 electricity customers in eastern and southwestern Oklahoma.
A condition of PSO's power purchase agreements was the ability of the companies to begin construction on the wind farms in Texas, Beaver and Dewey counties before the end of the year. That's when a key federal tax credit for wind production expires. The incentive provides a 2.3-cent credit for each kilowatt hour of electricity generated.
Goggin said the prospects for a renewal of the production tax credit are in the hands of Congress, which hasn't been at its most efficient lately.
“It's our No. 1 priority right now,” Goggin said. “We believe there's broad bipartisan support for renewal. Our main challenge is finding the right legislative vehicle for it.”