Alcoa Power Marketing LLC and Alcoa Power Generating Inc. (APGI) told the Federal Energy Regulatory Commission that in a transaction consummated on Nov. 15, APGI sold its interest in the Tapoco Hydroelectric Project and certain accompanying transmission facilities to BAIF U.S. Renewable Power Holdings LLC (BAIF).
The commission had approved the transaction on Aug. 29. Tapoco is a 351-MW project in Tennessee and North Carolina consisting of four individual hydroelectric facilities: Calderwood (140.4 MW), Cheoah (118.0 MW), Chilhowee (52.2 MW) and Santeetlah (40.4 MW).
Although APGI said it sold the majority of the transmission facilities associated with the Tapoco, it retains an interest in two 161-kV transmission lines and associated facilities and equipment. On Oct. 15, the commission granted APGI a waiver of the requirement to have an Open Access Transmission Tariff for these facilities.
Attached to the Dec. 11 letter is a list of other facilities where APGI has market-based rate authority, including three-and-a-half of the four units at the Warrick coal plant in Indiana.