FERC approves Northern States Power buy of two wind projects

The Federal Energy Regulatory Commission on April 1 approved the eventual merger of two wind energy project companies into the Northern States Power Co.-Minnesota unit of Xcel Energy (NYSE: XEL).

NSP Minnesota, Border Winds Energy LLC and Pleasant Valley Wind LLC had filed for approval of NSP Minnesota’s acquisition of Border Winds and Pleasant Valley, and then the merger of Border Winds and Pleasant Valley into NSP Minnesota.

  • Border Winds was formed to own a 150-MW project in North Dakota, with project construction to begin this year. It is a unit of RES America Development and RES America Investments.
  • Pleasant Valley was formed to construct and own a 200-MW wind project and related facilities at a site in Minnesota. Applicants expect construction of the Pleasant Valley Facility to commence in 2014. It is also co-owned by RES America Development and RES America Investments.

Both projects were picked based on offers made in a February 2013 request for proposals issued by NSP Minnesota. The projects won’t actually be bought by the utility until they are in operation, which is expected in late 2015.

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.