Prospective new owner of two Pennsylvania hydro facilities seeks FERC approvals

BIF III Holtwood LLC on Nov. 6 petitioned the Federal Energy Regulatory Commission for acceptance of its FERC Electric Tariff, waiver of certain commission regulations under the Federal Power Act and certain blanket approvals.

BIF III Holtwood proposes to acquire, own and operate the Wallenpaupack Hydroelectric Project, a 44-MW hydroelectric station located at the border of Wayne and Pike counties, Pennsylvania. The Wallenpaupack Project’s facilities include generator interconnection facilities connecting it to the transmission system of PPL Electric Utilities.

BIF III Holtwood also proposes to own and operate the Holtwood Project, a 249-MW hydroelectric station located on the Susquehanna River in Martic Township, Lancaster County, Pennsylvania. The Holtwood Project facilities include generator interconnection facilities connecting it to the transmission system of PPL.

BIF III Holtwood is affiliated with several companies regulated as public utilities under the Federal Power Act, companies owning qualifying facilities, transmission facilities, and an intrastate natural gas storage company. In addition to the 293 MW of generation it will acquire under this transaction, BIF III Holtwood is affiliated with 417.5 MW of generation from the Safe Harbor Project in the AP South and 5004/5005 sub-markets in PJM Interconnection. BIF III Holtwood is also affiliated with approximately 148 MW of generation capacity (net summer) in PJM, none of which is located in any recognized sub-market, and approximately 1,389 MW of capacity (net summer) in first-tier markets to PJM.

BIF III Holtwood is controlled by its ultimate parent company, Brookfield Asset Management Inc. (BAM). BAM has a principal place of business in Toronto, Ontario, Canada. BAM is a global alternative asset manager focused on property, renewable power, infrastructure assets, and private equity.

A company contact is: Shaun Logue, Brookfield Energy Marketing LP, 41 Victoria Gatineau, Québec J8X 2A1, Phone: (819) 561-8851, Fax: (819) 561-7188, shaun.logue@brookfieldrenewable.com.

Brookfield Renewable Energy Partners (TSX: BEP.UN) (NYSE: BEP) on Oct. 8 had announced an agreement to acquire this hydroelectric portfolio from Talen Energy (NYSE: TLN) for $860 million.

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.