Invenergy Investment Co. LLC has acquired sites in several states for a combination of gas, solar and wind projects.
The Federal Energy Regulatory Commission has a rule that companies with market-based rate authority need to report on a quarterly basis any acquisition of properties for power projects larger than 100 MW. On Oct. 30, several Invenergy affiliates with such authority – including Beech Ridge Energy LLC, Bishop Hill Energy LLC and California Ridge Wind Energy LLC – filed such a report with FERC.
“The Companies are indirect, partially-owned subsidiaries of Invenergy Investment Company LLC (‘Invenergy Investment’), which indirectly holds the controlling ownership interests in the Companies,” said the filing. “Through subsidiaries, Invenergy Investment is in the business of developing, acquiring, owning and/or operating electric generation facilities. Other than the Companies, certain other subsidiaries of Invenergy Investment are developing wholesale electric generation projects that are in various stages of development.”
The commission doesn’t require a reporting company to break down the land acquisitions by site, with only aggregate data required. The recent acquisitions are:
- Within the Midcontinent ISO, two sites, 330 MW total, natural gas capacity;
- PacifiCorp balancing authority area, one site, 55 MW, solar;
- Tri-State Generation & Transmission balancing authority area, one site, 100 MW, solar;
- Southwest Power Pool, two sites, 46.02 MW, wind; and
- Nevada Power balancing authority area, one site, 100 MW, solar.
The estimate of the maximum potential number of megawatts reasonably commercially feasible for the site reported is based on the proposed size of the generation project contained inthe interconnection request submitted in connection with the site. These are properties where certain subsidiaries of Invenergy Investment have demonstrated site control through the interconnection process during the third quarter of 2014 (July-September).
Affiliates of the companies are developing generation facilities that will be located within the Electric Reliability Council of Texas (ERCOT) geographic market that will sell energy solely within ERCOT. However, this report does not include sites within ERCOT for which affiliates of the companies may have site control because generators located in ERCOT not selling power in interstate commerce are not subject to the commission’s public utility jurisdiction and generation located in, or to be located in, ERCOT are not considered in market power analyses for market-based rates of affiliates of such ERCOT generation.