Due to the sale on Dec. 3 of the Border Winds project to a unit of Xcel Energy (NYSE: XEL), RES America Developments told the Federal Energy Regulatory Commission on Dec. 4 that it is dropping the exempt wholesale generator designation for project company Border Winds Energy LLC.
RES America Developments had owned 90% of Border Winds Energy and RES America Investments had owned 10%, In April 2014, the commission approved a transaction whereby the Northern States Power-Minnesota (NSPM) unit of Xcel Energy was permitted to acquire 100% of the membership interests in Border Winds.
Said the Dec. 4 notice: “On December 3, 2015, RES Americas and NSPM consummated the Transaction. It is RES Americas’ understanding that, as described in the 203 Application for the Commission order pursuant to Section 203, Border Winds was merged into NSPM the same day as closing, and NSPM is the surviving entity of this merger. Therefore, Border Winds ceased to exist as of December 3, 2015. Border Winds, therefore, no longer has a need for EWG status.”
NSPM had told FERC on Nov. 30 that it had at that point completed one of two wind project acquisitions that the commission had approved in April 2014. FERC had authorized NSPM to acquire Border Winds Energy LLC and Pleasant Valley Wind LLC, and the merger of Border Winds and Pleasant Valley into NSPM. Border Winds and Pleasant Valley are each subsidiaries of RES America.
Said the Nov. 30 notice: “This letter is to advise the Commission that Pleasant Valley and NSPM consummated the Pleasant Valley transaction on November 18, 2015. The Border Winds/NSPM transaction has not yet been consummated, and the second notice of consummation report will be filed within 10 days of consummation of that transaction.”
In 2015, placed into service were the Pleasant Valley wind farm (200 MW) in Minnesota and Borders Winds farm (150 MW) in North Dakota.