McCoy Solar LLC applied March 25 at the Federal Energy Regulatory Commission for authorization to make market-based sales of energy, capacity and certain ancillary services under a market-based rate tariff.
McCoy Solar will own and operate a photovoltaic solar facility with a nameplate capacity of approximately 250 MW located in Blythe County, California, within the California ISO balancing authority area. The facility will interconnect with Southern California Edison’s planned Colorado River Substation expansion.
McCoy Solar said it has entered into a long-term power purchase agreement with a non-affiliate for 100% of the power produced by the facility. It will separately submit a notice of self-certification as an exempt wholesale generator to the commission.
Currently, McCoy Solar is a wholly-owned direct subsidiary of McCoy Solar Holdings LLC, which in turn is an indirect wholly-owned subsidiary of NextEra Energy Resources LLC. However, in late April, prior to energization of this project, McCoy Solar Holdings will become an indirect, wholly-owned subsidiary of NextEra Energy Operating Partners LP (OpCo). The limited partnership interests in OpCo are owned by NextEra Energy Partners LP (NEP) and by NextEra Energy Equity Partners LP (NEE Equity). NEP is a “yieldco” that has been structured to monetize the value of certain of NextEra Resources’ wind and solar generation facilities.
NextEra Energy Resources is a wholly-owned indirect subsidiary of Florida-based utility holding company NextEra Energy (NYSE: NEE).