NACEL Energy Submits Bid to Arizona Public Service
15 Abril 2010 - 8:43AM
NACEL Energy Corporation (OTCBB:NCEN) (FRANKFURT:4FC) today
announced it submitted a comprehensive bid with the assistance of a
tier-one wind turbine manufacturer to Arizona Public Service Co.
(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. APS provides electricity to more
than 1 million customers, serving 11 of Arizona's 15 counties.
On January 27, 2010, APS issued a formal solicitation for new
wind power generated from utility scale facilities of between 15
and 100 megawatts, located entirely within the borders of Arizona.
APS requested all bids be submitted by April 14, 2010. Successful
bidders are expected to contract with APS under long term power
purchase contracts and/or turn-key build and transfer
arrangements.
NACEL Energy Chief Executive Officer Paul Turner, Ph.D.
stated:
"Since we announced Snowflake last July (see Company's news
release and 8-K filed July 28, 2009) we have made substantial
progress. We first obtained 3 years of meteorological tower data to
quantify the wind resource at our location in Navajo County. We
then submitted our plan of electrical interconnection to APS (see
Company's news release and 8-K filed December 31, 2009) and
completed additional important engineering work related to wind
turbine placement and power collection. In preparing our RFP
submission, we were assisted by a tier-one wind turbine
manufacturer, enabling us to submit a comprehensive and competitive
bid."
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
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 currently 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.
Visit our Company News Release Archive at
http://www.nacelenergy.com/news/archive.html
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 31, 2009 and
its Quarterly Report on Form 10-Q for the quarter ended December
31, 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
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