Alterna seeks EWG status related to coal unit ownership

Alterna Springerville LLC, which owns a piece of the coal-fired Unit 1 at the Springerville plant in Arizona that it will as of the end of this month directly operate as well, filed on Dec. 23 at the Federal Energy Regulatory Commission a notice of self-certification as an Exempt Wholesale Generator.

Alterna Springerville was organized for the sole purpose of owning and operating an approximately 43.0693% undivided interest in Springerville Unit 1. Unit 1 is a 424.8 MW (nameplate) (387 MW summer net) coal-fired facility located near Springerville, Arizona, in the Tucson Electric Power Balancing Authority Area. Alterna Springerville’s entitlement share of Unit 1 totals approximately 183 MW (nameplate).

As of Jan. 1, after a lease with Tucson Electric expires, energy from the facility will be sold only at wholesale, and thus Alterna Springerville will be engaged exclusively in the business of owning and/or operating an eligible facility and selling electric energy at wholesale.

Applicant is directly wholly owned by Alterna Springerville Statutory Trust (the “ASS Trust”). The ASS Trust’s sole member is Wells Fargo Delaware Trust Co. NA. The ASS Trust is directly wholly owned by Alterna Springerville Corp. (with approximately 5.5% interest) and Alterna Core Capital Assets Fund LP (the “Fund”) (with an approximate 94.5% interest). The Fund was formed in 2009 by Alterna Capital Partners LLC, a U.S.-based private-equity firm. The Fund specializes in providing non-traditional sources of capital to build a portfolio of financial investments in the infrastructure sector with a focus on transportation, industrial, and energy capital assets. The Fund is owned by numerous private investors.

A company contact is: Roger Miller, Alterna Capital Partners, 15 River Road, Wilton, CT 06897, Tel.: (203) 557-9022, Fax: (203) 563-9210, Email: roger.miller@alternacapital.com.

LDVF1 TEP LLC, another Springerville Unit 1 co-owner in a similar situation, also on Dec. 24 filed a notice of self-certification of Exempt Wholesale Generator status. LDVF1 was organized for the sole purpose of owning and operating an approximately 7.4257% undivided interest in Springerville Unit 1.

A contact for this company is: Michael Polidoro, Fortress Investment Group LLC, One Market Plaza, Spear Tower, 42nd Flr, San Francisco, CA 94105, Tel.: (415) 284-7492, Fax: (917) 639-9812,Email: MPolidoro@Fortress.com.

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.