NACEL Energy Advances Snowflake Wind Project
09 Noviembre 2010 - 6:15AM
Marketwired
NACEL Energy Corporation (OTCBB: NCEN) (FRANKFURT: 4FC) (the
"Company") today confirmed it has signed an agreement with Arizona
Public Service Company (APS) to complete a system impact study of
its Snowflake Wind Power project in Navajo County, Arizona.
Completion of the study is a precursor to a final interconnection
agreement with APS. The study will assess and make recommendations
regarding any system and equipment upgrades necessary to integrate
the Company's planned 18.9 MW first phase of Snowflake into the APS
electrical grid.
NACEL Energy Chief Executive
Officer, Mark
Schaftlein, stated:
"With the commitment of NACEL's key investors, including JMJ
Financial, NACEL continues to have the capital necessary to advance
our wind energy projects, including Snowflake in Arizona and our
five projects in the Texas Panhandle, towards our ultimate
corporate objective -- the generation of clean, renewable
energy."
For information concerning NACEL Energy's historical progress
developing Snowflake please refer to our News Archive at
http://www.nacelenergy.com/news/archive.html and reference the
following past news releases:
- July 28, 2009 -- NACEL Announces Snowflake Wind Project
- April 15, 2010 -- NACEL Submits Bid to APS
- April 26, 2010 -- NACEL Updates APS Bid
- June 30, 2010 -- NACEL Submits New Bid to APS
- September 17, 2010 -- NACEL Corporate Update
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. The Company currently anticipates generating an aggregate
130 megawatts of new wind power upon the commissioning of its
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 was founded in 2006 and successfully
completed its IPO in December of 2007.
NACEL Energy The WIND POWER COMPANY™
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 cautions that NACEL Energy
must undertake and complete many steps in its 25 step development
model before the generation of wind power can commence. The
numerous items which have to be completed in this regard include,
without limitation, obtaining pertinent agreements, including a
final interconnection agreement, obtaining environmental permits
and power purchase agreements, satisfying project finance
requirements and managing construction and operational risks.
Interested persons are encouraged to read NACEL Energy's Securities
and Exchange Commission filings, particularly its Annual Report on
Form 10-K for the fiscal year ended March 31, 2010 and its
Quarterly Report on Form 10-Q for the quarter ended June 30, 2010,
for meaningful cautionary language disclosing why actual results
may vary materially from those anticipated by management.
Contact: NACEL Energy Investor Relations 1-888-242-5848
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