Fortis and Enel sign 10-year wind deal

The agreement is designed to provide Snyder with greater revenue stability for the term of the hedge and to accommodate wind seasonality. The agreement begins in 2008 and runs through to February 2018.

Fortis Energy Marketing & Trading, a division of Fortis created when the bank acquired Cinergy Marketing & Trading from Duke Energy in late-2006, structured the transaction.

The Snyder Wind Farm is a 63-megawatt project, nearing completion, which consists of 21 Vesta V90s turbines, located in

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