Benson Power LLC, an affiliate of Competive Power Ventures, filed on Jan. 30 with the Federal Energy Regulatory Commission for market-based rate authority related to a poultry waste-fired power plant it intends to buy.
Benson Power said it will acquire a 64 MW (nameplate) poultry-litter and other biomass-fueled generating facility located in Benson, Minnesota, in a receivership sale of the facility. The parties intend to consummate that transaction as soon as possible, subject to the receipt of commission authorization. Benson Power requested that the commission grant expedited treatment for this petition and issue an order on or before March 3.
All of the output of the Benson facility currently is sold to Northern States Power d/b/a Xcel Energy pursuant to a long-term contract. The facility is interconnected to the transmission system owned by Great River Energy and operated by the Midcontinent Independent Transmission System Operator. After the transaction, Benson Power said it intends to continue selling the entire output of the facility to Northern States Power under the existing long-term power purchase agreement under its market-based rate authority.
Class B interests in Benson Power are held by various financial companies. Class A Interests are held (100%) by CPV Biomass Holdings LLC, a wholly-owned subsidiary of Competitive Power Ventures.
A company contact is: Jonathan Odell Sr., Vice President and General Counsel, Competitive Power Ventures Inc., 8403 Colesville Rd., Silver Spring, MD 20910, Tel: (240) 533-9786, email@example.com.