Red Horse III LLC, which is developing a 30-MW solar project in Arizona, on Feb. 4 asked that the Federal Energy Regulatory Commission accept its market-based rate tariff effective April 4, 2016.
Red Horse III is developing and will own and operate an approximately 30-MW (nameplate) solar facility located in Cochise County, Arizona. This facility will be adjacent to a combined wind- and solar-powered facility owned and operated by Red Horse Wind 2 LLC. Red Horse III owns certain transmission facilities necessary to interconnect its solar facility to a substation and to a 150-foot, 345-kV overhead tie-line, each owned by Red Horse 2.
Red Horse III will use these shared facilities to transmit power to the electric transmission system owned and operated by Tucson Electric Power Co. (TEPC) within the TEPC balancing authority area. It expects to place the facility into commercial operation during the second quarter of 2016. Red Horse III noted that it plans to file with the commission a self-certification as an exempt wholesale generator. Red Horse III said it is committed to sell the full output of its facility under a 25-year power purchase agreement with TEPC expiring in 2041.
Red Horse II is part of D. E. Shaw Renewable Investments LLC, which is a direct and wholly owned subsidiary of D. E. Shaw & Co. LP.
Red Horse III is affiliated with Red Horse 2, which owns and operates an approximately 85-MW (nameplate) combined wind- and solar-powered facility in Cochise County. Red Horse 2 is an exempt wholesale generator under the commission’s PUHCA regulations, and the commission has authorized it to sell electric energy, capacity, and certain ancillary services at market-based rates. Red Horse 2 is committed to sell the full output of the Red Horse 2 facility under a 20-year power purchase agreement with TEPC that expires in 2035.