The Federal Energy Regulatory Commission on Dec. 18 accepted market-based rate authority for Burgess Biopower LLC, the developer of a 76.5-MW biomass plant in New Hampshire.
On Oct. 2, Burgess Biopower applied for market-based rate authority with an accompanying tariff. The proposed market-based rate tariff provides for the sale of energy, capacity, and ancillary services at market-based rates in the ISO New England (ISO-NE) market.
Burgess Biopower owns and operates a 76.5-MW facility located in New Hampshire in the ISO-NE market, the output of which is fully committed under a long-term sales contract. Burgess Biopower is affiliated with 530 MW of additional generation capacity in the Northeast region and additional generation facilities throughout the country.
Burgess Biopower is wholly owned by Burgess Holdings LLC, which in turn is owned by Newco Energy LLC, Starwood Energy Group Global LLC and Gestamp Eolica S.L. Starwood is owned by Starwood Energy Infrastructure Fund LP.
Starwood Energy Group Global said in a Nov. 11 filing with the FERC that Burgess Biopower will control and operate the plant, located in Berlin, N.H., under a 21-year lease agreement with Berlin Station LLC, the owner of the Berlin Facility. It said the new facility had just begun generating test power.
The new facility is interconnected with the transmission system owned by Public Service of New Hampshire (PSNH) and operated by ISO-NE. All energy and capacity from the Berlin Facility is committed under a 20-year power purchase agreement with PSNH.
Starwood is a private equity fund primarily involved in developing, acquiring and investing in power generation and transmission projects in North America.