Lincoln Electric System has broken ground for construction of a 660-kW wind turbine that will serve customers of its Renewable Energy Program. As of October 8, LES had obtained 3-year commitments from 1,381 customers to purchase a total of 1,973 100-kWh "units of participation" on a monthly basis. LES serves a total of about 106,000 customers.
The project has been fully subscribed since May 1998, when customers had committed to purchase 1,400 units. LES will consider building a second renewable energy generator when customers sign up for 2,400 units of participation. LES is currently billing customers at $4.30 per unit, down from $6.00 per unit, based on the expectation that the publicly owned utility will receive a Renewable Energy Program Incentive from the U.S. Department of Energy.
News Release - Ground Broken for LES Wind Turbine - No longer online at LES.com