SunEnergy 1 LLC, which is developing a 20-MW (AC) solar photovoltaic project, on Aug. 12 asked the North Carolina Utilities Commission to arbitrate a dispute with Virginia Electric and Power over a proposed power purchase agreement (PPA).
SunEnergy 1 told the commission that it had been negotiating with Virginia Electric and Power, which does business in North Carolina as Dominion North Carolina Power, on a 15-year PPA since about the third quarter of 2012. But suddenly, after long negotiations and a decision by the developer in the meantime to commit money to its project in order to meet a project completion target of the end of this year, the utility in July came in with a rate proposal that was much lower than what was being negotiated, said SunEnergy 1. So it wants the commission to arbitrate this matter. It said the talks with this Dominion Resources (NYSE: D) subsidiary are currently stalled.
The SunEnergy 1 project would be located in Halifax County. The company on March 20 had applied with the commission for a Certificate of Public Convenience and Necessity on the project, which was approved on July 30.