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BP Cape Project Proposal to NYPA ~ May 2012

BP Cape Project Proposal to NYPA ~ May 2012

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BP Cape Vincent Wind Project Proposal to NYPA ~ May 2012
BP Cape Vincent Wind Project Proposal to NYPA ~ May 2012

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Published by: pandorasboxofrocks on Aug 03, 2012
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08/03/2012

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BP Wind Energy NA Inc.700 Louisiana Street,33
rd
FloorHouston, Texas 77002
May 30, 2012New York Power Authority123 Main Street, 16
th
FloorWhite Plains, NY 10601-3170Attn: Gil C. Quiniones – Co-Chair, Energy Highway Task ForceDear Mr. Quiniones,BP wind Energy North America Inc. (“BPWE”) is pleased to present our response to the NewYork State Energy Highway Request for Information for your consideration. We look forward tobeing part of New York’s future energy plans and hope to become a significant part of theenergy mix.Please do not hesitate to contact me if you have any questions.Sincerely,Richard ChandlerDirector, Wind Business Development
 
 
BP Wind Energy North America Inc.May 30, 2012Cape Vincent Wind Farm Proposal toNEW YORK ENERGY HIGHWAY TASK FORCEIn Response to the Request for Informationdated April 19, 2012
The information presented in this proposal is that of BP Wind Energy North America Inc. (“BPWind Energy”) and is for informational purposes only. The intent is to introduce the Project anddetermine the appropriate level of interest and capability for interested parties contemplating along term power purchase agreement. Nothing contained herein or discussed verbally by theparties shall be considered a commitment or offer or acceptance by any party until such time as adefinitive agreement is entered into by both parties. Any such commitment would be based uponcredit approval, satisfactory due diligence, mutually agreeable documentation, regulatoryapprovals, and satisfaction of relevant conditions precedent and subject to receipt of requiredinternal approvals of the parties.
 
 
Response to the NY Energy Highway Task Force RFIBP Wind Energy North America Inc.May 30, 2012Page 2 of 8
A. REQUIRED INFORMATION1.0 Respondent Information
Respondent name: BP Wind Energy North America Inc. (“BP Wind Energy”)Address: 700 Louisiana Street, 33
rd
Floor, Houston, TX 77002Primary contact: Richard ChandlerDirector, Business Development700 Louisiana Street, 33
rd
Floor, Houston, TX 77002Office: (713) 354-2100Cell: (240) 529-5708E-mail: richard.chandler@bp.com  Background and experienceBP Wind Energy, which entered the U.S. renewable energy market in late 2005, is aBusiness Unit within BP which is one of the world's largest energy companies. In theU.S., BP has approximately $52 billion in assets and employs some 23,000 staff. Thecompany's main businesses are exploration and production of oil and gas, refining,manufacturing and marketing of oil products and petrochemicals, and the transportationand marketing of natural gas.With a growing business in wind power and advanced biofuels, BP has investedapproximately $7 billion in alternative energy development. BP Wind Energy is aprincipal owner and operator of wind power facilities with interests in 13 windfarms. Today, BP Wind Energy has a gross generating capacity of 1,955 MW – enoughelectricity to power over 586,000 average American homes. By the end of this year, BPWind Energy expects to have completed development of three more wind farms thatwill generate over 600 additional MW of electricity, which will secure BP Wind Energy’sposition as being among the top five U.S. wind developers. By the end of 2012, BPWind Energy will have built and will be operating approximately $5 billion worth of windfarms in the United States.In New York, Cape Vincent Wind Power, LLC, a wholly-owned subsidiary of BP WindEnergy, is developing the Cape Vincent Wind Farm (the “Project”) in Jefferson County.With the acquisition of the neighboring St. Lawrence Wind Farm project in February2012, the Cape Vincent Wind Farm now can reach upwards of approximately 285 MWin size. Given its long-standing and substantial investment in this project, BP WindEnergy looks forward to the opportunity to bring utility-scale wind to New York State.

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