The Federal Energy Regulatory Commission on Oct. 27 approved a Sept. 4 application from Golden West Power Partners LLC covering the acquisition by BAL Investment & Advisory Inc. (BALIA) or an affiliate thereof and by The Bank of New York Mellon or an affiliate thereof, of 100% of the Class B Membership Interests in Golden West.
Golden West will own and operate a wind farm with a nameplate capacity of approximately 250 MW located in El Paso County, Colorado, within the Western Area Colorado Missouri (WACM) balancing authority area (BAA). The applicant has entered into a long-term power purchase agreement with Public Service Co. of Colorado for 100% of the power produced by the facility.
Golden West is indirectly owned by NextEra Energy Resources LLC, which in turn is a wholly owned indirect subsidiary of NextEra Energy (NYSE: NEE) out of Florida.
BALIA is an indirect, wholly-owned subsidiary of Bank of America Corp. BALIA is affiliated with entities that own interests in electric generation in various markets across the United States, but none of these affiliates own or control 10% or more of the voting securities in any generating facilities located within the WACM BAA.
Golden West had asked for a quick FERC approval since its wind farm was expected to be placed into service beginning in mid-September 2015, and to achieve full commercial operations on or about Oct. 23 of this year.