Georgia Power notified the Georgia Public Service Commission on Feb. 19 that there is a buyer for a 20-MW solar project that it has a contract to buy power from.
On Dec. 26, 2013, the PSC approved the executed Agreement for the Purchase of Solar Energy From a Renewable Resource between Georgia Power and Richland Solar Project LLC.
“Richland now desires to enter into a series of transactions, which require the consent of Georgia Power pursuant to Section 17.2 of the Agreement, including (i) a Change of Control Transaction with Dominion Solar Holdings, Inc., (ii) a title transfer of the facility equipment to the Development Authority of the City of Jeffersonville and Twiggs County (the ‘Bond for Title Transaction’), and (iii) the engagement of a new operator of the facility (the ‘O&M Engagement’), subject to the Commission’s approval,” the utility wrote.
“Georgia Power has negotiated the appropriate Consent and Amendment document (‘Consent’) to provide Georgia Power’s consent to the Change of Control Transaction, the Bond for Title Transaction and the O&M Engagement,” the notice added. “Georgia Power requests the Commission’s approval to consent to the transactions and to execute the respective Consent. Copies of the Consent have been provided to the Commission Staff.”
The December 2013 PSC approval covers Georgia Power contracts with a total of four solar projects. The Richland Solar facility is located in Jeffersonville, Ga., and the project company at that point was controlled by HelioSage.