NACEL Energy Corporation today confirmed it has received notification from Arizona Public Service Co. (APS) that bidders in the APS 2010 Small Generation Request for Proposals (RFP) process will be advised of a Shortlist decision on September 15, 2010.
In response to the RFP issued by APS, NACEL Energy submitted a comprehensive bid, partnering with a tier one turbine manufacturer for the delivery of 15 megawatts of clean, renewable wind energy to be sourced from the Company’s Snowflake wind project located in Navajo County, Arizona (see NACEL Energy’s June 30, 2010 news release and filing on Form 8-K).
About NACEL Energy Corporation
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.
Read all NACEL Energy’s past news releases 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, 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 Shareholder Services
1-888-242-5848
SOURCE: NACEL Energy Corporation
