CPV Biomass Holdings LLC, which will manage a company that will control a biomass-fired power plant in Minnesota, on March 24 filed with the Federal Energy Regulatory Commission a notice of self-certification that it is an exempt wholesale generator.
CPV Biomass is a wholly owned subsidiary of Competitive Power Ventures, which is in turn a wholly owned subsidiary of Competitive Power Ventures Holdings LLC. Subsidiaries of CPV Holdings develop, own and operate gas-fired and renewable generation facilities throughout the United States.
CPV Biomass will become the managing member of Benson Power LLC, which, after receiving regulatory approvals and transaction consummation, will own a 64-MW (nameplate) poultry-litter and other biomass-fueled facility located in Benson, Minnesota. The facility is interconnected to the transmission system owned by Great River Energy and operated by the Midcontinent Independent System Operator. The entire output of the facility is sold to Northern States Power d/b/a Xcel Energy under an existing long-term power purchase agreement.
This facility currently is owned and leased, respectively by PowerMinn 9000 LLC and Fibrominn LLC, and they, together with Benson and CPV Biomass, have filed an application with FERC requesting authorization for Benson to acquire the facility in a receivership sale. Following closing on this transaction, Benson will be the owner of the facility and CPV Biomass will be the managing member of Benson. The other members of Benson are passive, non-managing members, whose voting rights are limited to those rights necessary to protect their financial investment, and they have no authority to manage, control or direct the operations of Benson or the facility.
CPV Biomass’s sole purpose is to be the managing member of Benson. As the managing member, CPV Biomass will be responsible for managing the business and affairs of Benson, including the day-to-day management, operations and business of Benson.