The Federal Energy Regulatory Commission on Dec. 13 approved an Oct. 30 application from FPL Energy Wyoming LLC and other parties related to a buy of a 144-MW wind project in Wyoming.
FPL Energy Wyoming, TransAlta Holdings U.S. Inc. and TransAlta Corp. requested authorization for a transaction in which TransAlta Holdings will acquire all of the outstanding equity membership interests in FPL Energy Wyoming from FPL Energy National Wind LLC.
FPL Energy Wyoming is an exempt wholesale generator with market-based rate authority. It owns and operates a wind facility with a capacity of approximately 144 MW located in Uinta County, Wyo., in the PacifiCorp-East (PACE) balancing authority area (BAA). All of the facility’s output is sold to Iberdrola Renewables LLC under a long-term power purchase agreement.
FPL Energy Wyoming is currently controlled by NextEra Energy Resources LLC, which is part of NextEra Energy (NYSE: NEE).
The buyer is a direct, wholly owned subsidiary of TransAlta Holdings ULC and an indirect, wholly owned subsidiary of Canada-based TransAlta Corp. (TSX: TA; NYSE: TAC). TransAlta had announced this deal on Oct. 21.