The Federal Energy Regulatory Commission on Jan. 21 approved a Dec. 11 application from Roosevelt Wind Project LLC, Milo Wind Project LLC and RPG Finale Investco LLC covering a transaction whereby RPG Finale will acquire from a wholly-owned subsidiary of EDF Renewable Energy some 50% of the membership interests in Roosevelt Holdco, an upstream owner of Roosevelt and Milo.
- Roosevelt is developing and will own a 250-MW (nameplate) wind facility and related interconnection facilities in New Mexico. The Roosevelt Facility was expected to produce test power in the fourth quarter of 2015. This project will be interconnected to the transmission system owned by Southwestern Public Service and operated by the Southwest Power Pool (SPP). All of the electric energy and capacity from the Roosevelt Facility will be sold under a long-term power purchase agreement to Southwestern Public Service.
- Milo will own a 49.65-MW (nameplate) wind facility and related interconnection facilities in New Mexico. The Milo Facility was expected to produce test power in the fourth quarter of 2015. The Milo Facility will be interconnected to the transmission system owned by Southwestern Public Service and operated by SPP.
EDF Renewable Energy is wholly owned by EDF Energies Nouvelles S.A., a French company which is in turn owned by Électricité de France SA. EDF Renewable Energy owns generation in the SPP geographic market including: Spearville 3 LLC, which owns 100.8 MW wind facility in Ford County, Kansas; Spinning Spur Wind LLC, which owns and operates a 161 MW wind facility in Oldham County, Texas; and Slate Creek Wind Project LLC, which will own and operate a 150 MW wind facility under construction in Sumner County, Kansas.
The membership interests in RPG Finale are owned by Project Finale Co-Investment Fund LP; Project Finale Co-Investment Fund Holdings LLC; and RPG Finale Portfolio Investco LLC (together called the BlackRock Funds). The BlackRock Funds are investment funds managed and controlled by BlackRock Financial Management Inc.