The Federal Energy Regulatory Commission on Aug. 5 signed off on a sale by Puget Sound Energy of a small hydroelectric plant.
On June 7, Puget Sound Energy and Electron Hydro LLC filed an application requesting commission authorization for the disposition of jurisdictional facilities resulting from the sale to Electron Hydro of Puget Sound Energy’s 25.8-MW Electron Hydroelectric Facility and associated interconnection equipment.
Puget Sound Energy is an investor-owned utility that provides retail electric and natural gas services in the Puget Sound region in the state of Washington. Puget Sound Energy stated that it does not own or control any inputs to electric power production, except that it controls five sites for the potential development of new wind generation capacity that are currently in the interconnection process in the Bonneville Power Administration (BPA) balancing authority area with a maximum potential number megawatts that are reasonable commercial feasible of 1,432 MW.
Puget Sound Energy is wholly-owned by Puget Energy, which, in turn, is indirectly owned by a consortium of investors.
Electron Hydro is owned 25% by Electron Management LLC, and 75% by Electron Holdings Inc. Electron Management is owned and controlled 90% by Thom Fischer and 10% by Steve Marmon. Electron Holdings is indirectly wholly-owned by JAVA Holdings Ltd., a Canadian company.
Electron Hydro is affiliated with Black Creek Hydro Inc., the owner and operator of the 3.8-MW Black Creek Hydroelectric Project located in King County, Wash. The Black Creek Project is a small power production qualifying facility (QF) that is interconnected to the transmission system owned by Puget Sound Energy. The entire output of the Black Creek project is sold to Puget Sound Energy under a long-term agreement.
Upon completion of the proposed transaction for the Electron facility, Electron Hydro will own and operate the facility. Puget Sound Energy will purchase the entire output under a long-term power purchase agreement.