FERC approves interconnect for 785-MW CPV Shore project

The Federal Energy Regulatory Commission in a Sept. 18 letter accepted an executed Interconnection Service Agreement (ISA) among PJM Interconnection, CPV Shore LLC and Jersey Central Power & Light for a planned gas-fired power plant in New Jersey.

The ISA has a June 1, 2017, deadline for commercial operation of this facility. The CPV Shore ISA facilitates the interconnection to the PJM system of a 785-MW facility located in Woodbridge Township, N.J. This will be called the Woodbridge Energy Center and will be a 2×1 combined-cycle facility.

FERC on July 3 approved a purchase by ArcLight Capital Partners LLC of 50% of the in-development CPV Shore power plant. On May 31, CPV Shore LLC applied with FERC for authorization for the disposition of jurisdictional facilities resulting from the acquisition of 50% of the indirect equity interests in CPV Shore by a special-purpose entity, which will be a wholly owned direct or indirect subsidiary of the ArcLight Energy Partners Fund V LP

Competitive Power Ventures Holdings LLC (CPV), through its subsidiaries, develops, owns, and manages natural gas-fired and renewable generation facilities throughout the United States.

CPV Shore said in a May 31 application that it participated in PJM’s 2012 forward capacity auction (Reliability Pricing Model or “RPM”) and cleared 661 MW of capacity for delivery in the 2015/2016 delivery year. In PJM’s 2013 auction, CPV Shore cleared its capacity for delivery in the 2016/17 delivery year. CPV Shore also participated in a New Jersey solicitation conducted in accordance with the requirements of the New Jersey Long-Term Capacity Pilot Program and was selected, along with two other (unaffiliated) entities, to enter into Standard Offer Capacity Agreements with four Electric Distribution Companies with a term of 15 years.

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.