Malaga Power LLC, an affiliate of equity investor The Carlyle Group, on April 21 notified the Federal Energy Regulatory Commission that on April 15 its purchase of a gas-fired peaking plant in California from the Kings River Conservation District was completed.
Kings River is a resource management agency for the Kings River region of the San Joaquin Valley. Kings River had owned 100% of this 121-MW natural gas-fired facility located in Fresno County, California. The facility is interconnected to the transmission system owned by Pacific Gas and Electric and operated by the California Independent System Operator.
Malaga Power intends to operate as an exempt wholesale generator (EWG) under the Public Utility Holding Company Act of 2005 (PUHCA). It will sell all of the output from the facility at wholesale pursuant to its market-based rate authorization.
In March 19 orders, FERC had approved both this power plant buy and Malaga Power’s market-based rate authority.