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Wind Power Now Cheaper Than Natural Gas for Xcel, CEO Says
Renewable Energy World: Xcel Energy Inc., the biggest U.S. provider of wind power, expects long-term contracts for the technology to beat the cost of natural gas, another sign of the rapid transformation of the power market.
Xcel, the Minneapolis-based utility that serves eight states, is receiving bids for 20-year power purchase agreements at about $25 a MWh for wind energy, Chief Executive Officer Ben Fowke said in an interview Friday at Bloomberg News headquarters in New York.
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