FERC okays passive investment in 300 MW of New Mexico wind projects

The Federal Energy Regulatory Commission on Dec. 15 approved an Oct. 31 application from Roosevelt Wind Project LLC and Milo Wind Project LLC requesting a change of ownership.

Specifically, to effectuate a tax equity investment, BAL Investment & Advisory Inc. (BALIA) and Allianz of America Inc., or one or more their respective affiliates, will acquire from EDF Renewable Energy (EDF-RE) 100% of the passive, non-managing Class A membership interests in MiRose Holdco LLC, the immediate upstream owner of the applicants.

The applicants are exempt wholesale generators with market-based rate authority.

  • Roosevelt is developing and will own and operate an approximately 250-MW wind facility to be located in Roosevelt County, New Mexico. Output from the Roosevelt Facility will be sold under a long-term power purchase agreement.
  • Milo is developing and will own and operate an approximately 50-MW wind facility also to be located in Roosevelt County, New Mexico. Output from the Milo Facility will be sold in the Southwest Power Pool (SPP) wholesale market.

Both facilities will be situated within the SPP market.

BALIA is an indirect, wholly owned subsidiary of Bank of America, a bank holding company and a financial holding company. Within the SPP market, BALIA or its affiliates hold passive, non-managing tax equity interests in entities that own and operate wind-powered electric generating facilities.

Allianz is an indirect wholly owned subsidiary of Allianz SE, which is based in Germany.

The managing Class B membership interests of these two wind project companies will continue to be indirectly held by EDF-RE.  Thus there will be no change in their day-to-day operational control.

EDF Trading North America LLCEDF Energy Services LLC and EDF Industrial Power Services (CA) LLC filed with the Federal Energy Regulatory Commission on Nov. 13 a notice of change in status and tariff amendments to reflect a change from the facts relied upon by the commission in granting them their market-based rate authorizations.  The companies informed the commission of their affiliation with certain entities that will own and operate wind generation facilities located in the SPP balancing authority area (BAA). These entities are indirectly owned by their affiliate, EDF-RE. The facilities are under construction and are all expected to produce test power in the fourth quarter of 2015.

  • Roosevelt Wind Project LLC is developing and will own and operate an approximately 250 MW (nameplate) wind facility and related generation interconnection facilities that are under construction in Roosevelt County, New Mexico. The Roosevelt Facility will be interconnected to the transmission system owned by Southwestern Public Service (SPS) and operated by the SPP. Roosevelt has received market-based rate authorization from the commission and is an Exempt Wholesale Generator (EWG). The Roosevelt Facility’s output will be sold under a long-term contract to SPS. 
  • Milo Wind Project LLC is developing and will own and operate a 49.65 MW (nameplate) wind facility and related generation interconnection facilities that are under construction in Roosevelt County, New Mexico. The Milo Facility will be interconnected to the transmission system owned by SPS and operated by the SPP. Milo has received market-based rate authorization from the commission and is an EWG. The Milo Facility’s output will be sold into the SPS wholesale market.
  • Slate Creek Wind Project LLC was created to develop, construct, own and operate an approximately 150 MW (nameplate) wind facility that is under construction in Sumner County, Kansas. The Slate Creek facility will be interconnected to the transmission system owned by Westar Energy and operated by SPP, with the output sold under a long-term contract to Kansas City Power & Light (KCP&L).
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.