Solar developers notify FERC about recent changes for the companies

Backyard Farms Energy LLC (“BYF Energy” for short) and Devonshire Energy LLC notified the Federal Energy Regulatory Commission on April 22 of some changes since the commission in 2009 dockets granted market-based rate authority for the companies.

The changes reported in this notification do not impact the factors the commission relied upon in evaluating the four-part test as it applies to BYF Energy or Devonshire Energy and granting each of them market-based rate authority. Specifically:

  • FMR Ygnacio I LLC, an affiliate of BYF Energy and Devonshire Energy, has developed or is in the process of developing four solar facilities in North Carolina. The total capacity of these facilities will be approximately 21.74 MW (dc). The entire output of these facilities is fully committed under long-term contracts. As a result, ownership of these facilities by FMR Ygnacio I does not materially affect the conditions that the commission relied upon in granting market-based rate authority to either BYF Energy or Devonshire Energy.
  • Exajoule Renewables LLC an affiliate of BYF Energy and Devonshire Energy, owns and operates a 397-kW solar energy generation facility. The entire output of this facility is fully committed under a long-term contract. As a result, Exajoule’s ownership and operation of this facility do not materially affect the conditions that the commission relied upon in granting market-based rate authority to either BYF Energy or Devonshire Energy.

FMR Ygnacio I is owned by Fidelity Corporate Real Estate Inc., a wholly-owned subsidiary of FMR LLC.

Exajoule and Devonshire Energy each currently are wholly-owned subsidiaries of Devonshire Investors (Delaware) LLC, an affiliate of FMR. It is anticipated that ownership of Exajoule and Devonshire Energy will be transferred from Devonshire Investors to FMR at some point in the future. Such transfers will not materially affect the conditions that the commission relied upon in granting market-based rate authority to either BYF Energy or Devonshire Energy, the companies said.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.