FERC approves TransAlta buy of NextEra wind farm in Wyoming

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.

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.