FERC okays ownership change for 62-MW Latigo Wind project in Utah

The Federal Energy Regulatory Commission on Dec. 22 approved an Oct. 28 application from Latigo Wind Park LLC for commission authorization related to a 62.1-MW wind facility currently under development in San Juan County, Utah, within the PacifiCorp-East (PACE) balancing authority area.

Under an Equity Capital Contribution Agreement, Latigo Wind Managing Member LLC (Latigo MM) and EFS Renewables Holdings LLC (EFS) will acquire direct membership interests in Latigo Wind. Latigo MM, as owner of 100% of the controlling Class B Membership Interests will have the right to control Latigo Wind on a day-to-day basis, and EFS, as owner of 100% of the non-controlling, passive Class A Membership Interests, will have only limited rights.

Latigo Wind expects to achieve commercial operation of this project in December 2015 and has committed to sell the entire output from the project under a 20-year power purchase agreement with PacifiCorp.  

Latigo Wind is currently a wholly owned subsidiary of Sustainable Power Group LLC (sPower), which is a wholly owned subsidiary of FTP Power LLC

Latigo MM is a wholly owned subsidiary of sPower, and therefore an indirect subsidiary of FTP. EFS is an indirect, wholly owned subsidiary of General Electric (NYSE: GE).

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.