Ridgetop Energy LLC on Dec. 12 asked the Federal Energy Regulatory Commission for market-based rate authority since it will need to make open market sales from its California wind farm due to a loss of long-term power sales business.
Ridgetop owns a 29-MW wind facility located in Kern County, California. This is a qualifying facility (QF) under the Public Utility Regulatory Policies Act (PURPA). All of the output from the facility is sold under two long-term power purchase agreements (PPAs) that were in effect as of March 17, 2006. However, one of the existing PPAs will expire on January 31, 2015, at which point the company will need to make open market sales of that capacity.
The facility is interconnected to the transmission system owned by Southern California Edison (SCE) and operated by the California Independent System Operator (CAISO). The entire output of the facility currently is committed to SCE under the two long-term PPAs. As the PPAs expire, Ridgetop said it intends to sell power from the facility on a merchant basis into the wholesale market.
Ridgetop currently is an indirect wholly-owned subsidiary of Terra-Gen Wind Power LLC, which is indirectly owned by Terra-Gen Power LLC. Terra-Gen Power is a wholly-owned direct subsidiary of Terra-Gen Power Holdings LLC, which has day-to-day management control of Ridgetop.
A company contact is: Michael Kowal, Associate General Counsel, Terra-Gen Power LLC, 1095 Avenue of the Americas, 25th Floor, Suite A, New York, NY 10036, Tel: (646) 829-3918, firstname.lastname@example.org.