Balko Wind LLC asked the Federal Energy Regulatory Commission on Feb. 18 to accept its market-based rate tariff related to its 299.7-MW wind project in Oklahoma.
Balko Wind is developing and will own and operate an approximately 299.7 MW (nameplate) wind generation facility located in Beaver County, Oklahoma. The facility is interconnected via a 345-kV, five-mile transmission line to the electric transmission system owned by Oklahoma Gas and Electric within the Southwest Power Pool market area.
The project is expected to begin sales of electric energy for testing purposes on or about April 1, 2015. Balko Wind is committed to sell the full output of the facility under 20-year power purchase agreements with Public Service Co. of Oklahoma (PSCO) and Western Farmers Electric Cooperative (WFEC). The agreement with WFEC, representing an output of 100 MW, commences at the commercial operation date. The power agreement with PSCO, representing an output of 200 MW, commences in January 2016.
Balko Wind is a wholly-owned subsidiary of DESRI VI Balko Wind Holdings LLC, which is an indirect, wholly owned subsidiary of DESRI VI Acquisition Holdings LLC, which in turn is a wholly-owned subsidiary of DESRI VI LLC. D. E. Shaw Renewable Investments LLC is the manager for this parent company. It is a wholly owned subsidiary of D. E. Shaw & Co. LP (DESCO LP). D. E. Shaw & Co. Inc. (DESCO Inc.) is the general partner of DESCO LP. Dr. David E. Shaw is the chairman, president, and sole stockholder of DESCO Inc.