Georgia Power on April 24 sought another Georgia Public Service Commission approval for a change-in-control under a power purchase deal that the utility has with Dublin Solar I LLC.
In December 2013, the Georgia PSC approved the executed Agreement for the Purchase of Solar Energy from a Renewable Resource between Dublin Solar I LLC and Georgia Power, covering a 4-MW project located at Dublin, Ga. In November 2014, the commission voted to approve Georgia Power’s consent to a transaction whereby Georgia Solar Holdings LLC entered into a Membership Purchase Agreement with Inovateus Solar LLC, the initial owner of Dublin Solar, by which Georgia Solar Holdings acquired all of the limited liability company membership interests of Dublin Solar.
“On February 18, 2015, Holdings was acquired by the AES Corporation (‘AES’), which constitutes another Change of Control under the Agreement,” Georgia Power said in the April 24 filing. “Dublin Solar has now requested Georgia Power’s consent to the AES Change of Control Transaction. A copy of the Consent and Amendment has been provided to Commission Staff. Georgia Power hereby requests that the Commission approve the transactions described in the Consent and Amendment.”
Georgia Power filed a separate change-in-control application with the PSC on April 23. In December 2014, the Georgia commission approved the executed Agreement for the Purchase of Solar Energy and Environmental Attributes from a Renewable Resource between Georgia Power and LS-Pawpaw LLC. “Pawpaw now desires to assign its Agreement to Southern Power Company, subject to the Commission’s approval,” said the filing. “Georgia Power has negotiated the appropriate Consent and Amendment document (‘Consent’) to provide Georgia Power’s consent to the Change of Control Transaction. Georgia Power requests the Commission’s approval to consent to the transaction and to execute the Consent. Copies of the Consent have been provided to the Commission Staff.”
Said Georgia Power testimony from October 2014 about this project: “The Pawpaw Site B Project is a 30 MW solar facility located in Butler, Georgia. The PPA is a thirty year PPA with LS-Pawpaw, LLC that will provide energy and capacity benefits and the related [renewable energy credits] beginning on December 31, 2015 and terminating on December 31, 2045.”