Powering the Powering the CorridorCorridor

Pat Wood, IIIPat Wood, IIIGreat Plains International Great Plains International

ConferenceConferenceDenverDenver

September 21, 2007September 21, 2007

The Other Kind of The Other Kind of HighwayHighway

The CorridorsThe CorridorsPorts to Plains Ports to Plains

WindWind

Making It HappenMaking It Happen

Panhandle Loop Panhandle Loop ProjectProject

Panhandle Loop Panhandle Loop ProjectProject

Objectives of Objectives of Panhandle Loop Panhandle Loop ProjectProject

Energize Panhandle/South Plains Energize Panhandle/South Plains economy economy

Develop Texas’ best wind resourcesDevelop Texas’ best wind resources Integrate new fossil generationIntegrate new fossil generation Meet Texas’ future power demands Meet Texas’ future power demands

with 8,000 MW of new powerwith 8,000 MW of new power

Wind Power PlantsWind Power Plants

Coal-fired Power Coal-fired Power PlantsPlants

Gas-fired Power PlantsGas-fired Power Plants

Relative Power Relative Power GenerationGeneration

CostsCosts

0

20

40

60

80

100

120

140

160

180

200

$ /m

egaW

att-

hour

Fuel Non-Fuel

Panhandle Loop Panhandle Loop Project SponsorsProject Sponsors

Utility: SharylandUtility: Sharyland Wind companies: Airtricity, Wind companies: Airtricity,

Babcock & BrownBabcock & Brown Coal company: CelaneseCoal company: Celanese Oil/Gas company: OccidentalOil/Gas company: Occidental

Economic Economic DevelopmentDevelopment

$1.5b$1.5b in Transmission Line in Transmission Line investmentinvestment

+ + $12b$12b in Power Generation investment in Power Generation investment

+ + $41.85b$41.85b in Indirect investment (3.1x) in Indirect investment (3.1x)

==$55.35b$55.35b in Total investment in Total investment

Just in the Texas Panhandle alone….Just in the Texas Panhandle alone….

Robust Infrastructure=Robust Infrastructure=A Bright Day Ahead A Bright Day Ahead