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Houston to Purchase Fixed-Price Wind Energy

August 2007 - The Houston City Council approved an amendment to the city's electric supply agreement that will allow the city to contract to receive up to 50 MW of wind energy, which would supply about one-third of the 1.3 billion kWh of electricity required annually to power city buildings, street lights and municipal water plants. The deal structure, which allows the city to lock in a five-year fixed price for the wind power, will enable the city to diversify its fuel sources from fossil fuels, remove volatility from the city's electricity budget, and receive renewable energy credits. The wind energy will come from the Lone Star Wind Farm under a supply arrangement with Reliant Energy.

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