The Federal Energy Regulatory Commission, in a Dec. 30 order, approved an Oct. 23 application from Cedar Bluff Wind LLC, Golden Hills Wind LLC and Golden Hills Interconnection 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 the applicants.
Although the applicants stated that this deal may not require commission authorization under section 203 (a)(1) of the Federal Power Act, they nevertheless asked the commission to authorize it. “This order authorizes the Proposed Transaction without making any determination of jurisdiction,” said the Dec. 30 FERC order.
- Cedar Bluff will own and operate a 200-MW wind facility in Ness, Ellis, and Trego counties, Kansas, within the Southwest Power Pool (SPP) market. Cedar Bluff has entered into a long-term power purchase agreement with Public Service Co. of Colorado for 100% of the power it produces. Cedar Bluff is an exempt wholesale generator and has been authorized to make sales of electricity, capacity, and ancillary services at market-based rates. Cedar Bluff is controlled by affiliates of NextEra Energy Resources LLC, which in turn is a subsidiary of NextEra Energy (NYSE: NEE).
- Golden Hills will own and operate an 86-MW wind facility located in Alameda and Contra Costa counties, California, within the California Independent System Operator (CAISO) market. The Golden Hills facility will interconnect through its affiliate, Golden Hills Interconnection, with Pacific Gas and Electric’s 115-kV Tesla Substation. Golden Hills has entered into a long-term power purchase agreement with an unaffiliated entity for 100% of the power produced by the Golden Hills facility. Golden Hills has submitted a notice of self-certification as an exempt wholesale generator and has filed an application to make wholesale sales of electricity, capacity and ancillary services at market-based rates. Golden Hills also is controlled by NextEra Energy.
- Golden Hills Interconnection was formed for the purpose of being the interconnection customer and the owner of interconnection customer interconnection facilities for Golden Hills and another affiliate, Golden Hills North Wind LLC. Golden Hills Interconnection is owned by Golden Hills, which holds a 63% ownership interest, and Golden Hills North, which holds a 37% interest. Golden Hills North is an indirect subsidiary of NextEra Energy Resources.
BALIA is an indirect, wholly owned subsidiary of Bank of America Corp. Bank of America is a bank holding company and a financial holding company.