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.