Cottonwood Solar LLC on Dec. 15 asked the Federal Energy Regulatory Commission to accept for filing its Market Based Rate Tariff and grant such waivers and blanket authorizations as the commission previously has granted to other entities engaged in wholesale sales of electricity at market-based rates.
Cottonwood Solar is developing three separate solar photovoltaic generation facilities: the 12-MW Goose Lake Facility located in Kern County, California; the 11-MW City of Corcoran Facility located in Kings County, California; and the 1-MW Marin Carport in Marin County, California. All three facilities, to be in-service in 2015, will be located in the California Independent System Operator balancing authority area (BAA) and will interconnect to the transmission system owned by Pacific Gas & Electric (PG&E). The output of each of the Cottonwood Facilities is fully committed under a single 25 year Power Purchase Agreement with Marin Clean Energy.
Cottonwood Solar is currently owned by EDF Renewable Development, which has entered into a Purchase and Sale Agreement with Dominion Solar Holdings (DSH) whereby DSH will acquire 100% of the membership interests in the applicant. None of the Cottonwood Facilities will be operational until after this transaction closes. If the transaction does not close, the applicant will withdraw its Market-Based Rate Application and will seek to cancel the Tariff. DSH is a direct, wholly owned subsidiary of Dominion Energy, which is a direct, wholly owned subsidiary of Dominion Resources (NYSE: D).
A project contact is: Cheri M. Yochelson, Senior Counsel, Dominion Resources Services Inc., 120 Tredegar Street, RS-2, Richmond, VA 23219, Tel: (804) 819-2691, Cheri.M.Yochelson@dom.com.