How Billionaire Philip Anschutz is Cashing in on California’s Thirst for Wind Power

Feb 21, 2017 3:45 PM ET
Article

Originally published on Fortune

A firm controlled by Philip Anschutz, the billionaire entertainment and pro sports magnate, will soon build the largest wind farm in the United States to serve utilities in California, where officials have set ambitious green power goals.

The $5 billion project, however, will be constructed 700 miles away in Wyoming, a state better known for coal mines and oil fields.

The vast distance between the two states provides a different Anschutz-owned firm with another big opportunity: a $3 billion project building transmission lines to deliver the power—one of a dozen similar power-line projects by other companies across the West.

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