FERC approves ALLETE buy of Storm Lake I wind facility

The Federal Energy Regulatory Commission on Dec. 1 approved the purchase by ALLETE Clean Energy Inc. of a 108-MW wind facility in Iowa.

On Oct. 31, Storm Lake Power Partners I LLC and ALLETE Clean Energy sought FERC authorization for a transaction in which MWW Holdings LLC will acquire 100% of the membership interests in Storm Lake I. ALLETE Clean Energy is a wholly owned subsidiary of ALLETE Inc. (NYSE: ALE) that was formed to own or develop renewable projects throughout North America. ALLETE Clean Energy, through its indirect, wholly owned subsidiary ACE Mid-West Holdings LLC, owns MWW Holdings. Through ACE Mid-West, ALLETE Clean Energy owns two wind facilities in the Midcontinent Independent System Operator balancing authority area (BAA) with a combined capacity of 184 MW and one wind facility with a capacity of approximately 50 MW in the Bonneville Power Administration BAA. 

Storm Lake I owns and operates an approximately 108-MW wind facility in Alta, Iowa. The Storm Lake Facility is interconnected with the transmission grid controlled by MISO. The entire output is sold to MidAmerican Energy under a power purchase agreement. The membership interests of Storm Lake I were previously held by NRG Wind’s subsidiaries, Mission Iowa Wind LLC (99%) and Viento Funding LLC (1%), but pursuant to an internal corporate reorganization, the membership interests were transferred to NRG Wind, which is part of NRG Energy (NYSE: NRG).

As a result of the proposed transaction, Storm Lake I will become an indirect subsidiary of ALLETE Clean Energy instead of NRG Energy.

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.