CPV Towantic LLC on Jan 7 filed with the Federal Energy Regulatory Commission a notice of self-certification that it is an exempt wholesale generator.
CPV Towantic is directly owned by: CPV Towantic Holding Co. LLC (51%), which is indirectly and wholly owned by GIP II CPV Intermediate Holdings Partnership LP, an indirect subsidiary of six funds managed by Global Infrastructure Management LLC; and Towantic Energy Holdings LLC (49%), which is an indirect, wholly owned subsidiary of General Electric (NYSE: GE).
CPV Towantic is constructing and will own and operate a 750.5-MW (net summer) gas-fired project that will be located in Oxford, Connecticut. CPV Towantic will sell electric energy, capacity and/or ancillary services from the facility exclusively at wholesale.
The facility will include limited electric interconnection facilities necessary to effectuate CPV Towantic’s wholesale power sales. Through interconnection facilities in which CPV Towantic will own interests, the facility will be interconnected with the transmission system owned by the Connecticut Light and Power (CL&P) and operated by ISO New England (ISO-NE).
CPV Towantic on Jan. 8 filed with FERC for approval to make market-based power sales.