FERC approves market-based rate authority for Iowa wind project

An official of the Federal Energy Regulatory Commission, acting on behalf of the commission, on Nov. 20 accepted for market-based rate authority related to the nearly-completed Franklin County Wind LLC project in Iowa.

On June 1, Franklin County Wind and related companies filed separate applications for market-based rate authority, each with an accompanying tariff. Each proposed market-based rate tariff provides for the sale of energy, capacity, and ancillary services at market-based rates. Franklin County Wind requested waivers commonly granted to similar market-based rate applicants.

“Based on your representations, Applicants each meet the criteria for Category 2 seller status in the Central 2 region and Category 1 seller status in the Northwest, Northeast, Southeast, Southwest Power Pool, and Southwest regions and are so designated,” said the FERC letter. “You state that Franklin is an Iowa limited liability company, whose sole business will be the ownership and operation of a 99 megawatt (MW) wind-energy facility, currently planned for commercial operation in late 2012. You add that Franklin is a wholly-owned subsidiary of Franklin County Holdings, LLC, and does not own any generation or transmission facilities in any other area. You represent that Franklin’s ultimate parent company is Alliant Energy Corporation (Alliant).”

Alliant is an NYSE-listed company under the symbol LNT.

The letter added: “You state that Interstate Power and Light Company (Interstate Power and Light), owns approximately 3,263 MWs of generating capacity located within the MISO market, and does not own or control generation in any other area. You add that Interstate Power and Light, a subsidiary of Alliant, is a public utility that serves retail customers in Iowa and Minnesota. You state that Wisconsin Power and Light Company (Wisconsin Power and Light) owns approximately 2,855 MWs of generating capacity within the MISO market, and does not own or control generation in any other area. You state that Wisconsin Power and Light, a subsidiary of Alliant, is a public utility that serves retail customers in its service area in Wisconsin.”

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.