The Federal Energy Regulatory Commission on Dec. 30 approved an Oct. 30 application from Prairie Rose Wind LLC (Prairie Rose) and Prairie Rose Transmission LLC (PR Transmission) for authorization for EGPNA REP Wind Holdings LLC (REP Wind) to acquire 100% of the Class A membership interests in Prairie Rose and thereby indirectly acquire control over PR Transmission.
Prairie Rose is an exempt wholesale generator with market-based rate authority. Prairie Rose owns a 220-MW wind project located in Rock and Pipestone counties, Minnesota, within the Midcontinent Independent System Operator market. Prairie Rose is committed to sell the entire output of the Prairie Rose Project under a long-term power purchase agreement with Northern States Power.
PR Transmission is a wholly owned subsidiary of Prairie Rose that owns a 115-kV generator interconnection line, substation, and capacitor station that are used solely to transmit power from the Prairie Rose Project substation for delivery to the integrated transmission grid.
Seventy-five percent of Prairie Rose’s membership interests are held by Enel Kansas LLC (Enel Kansas) and 25% are held by EFS Prairie Rose LLC (EFS Prairie Rose). Enel Kansas is a wholly owned subsidiary of Enel Green Power North America Inc. (EGPNA). EFS Prairie Rose is a passive investor in Prairie Rose.
Following this now-approved transaction, EGPNA Renewable Energy Partners LLC (REP) will indirectly own 100% of the Class A interests in Prairie Rose through its wholly owned subsidiary, REP Wind. REP Wind’s sole business is the ownership and operation of renewable energy generation facilities in the United States and Canada.