63SU 8ME LLC on April 8 asked that the Federal Energy Regulatory Commission issue an order granting its application for a market-based rate tariff.
It asked for expedited FERC action, by May 23, because certain tax equity investments in DESRI Springbok 2 Holdings LLC, of which the company is a direct and wholly owned subsidiary, need to occur on or before mechanical completion of the Springbok 2 Solar Project, which is scheduled to occur on June 8. It also requests expedited action to allow time for FERC to consider and act on its application for prior authorization of the tax equity investment in DESRI Springbok 2 Holdings.
63SU 8ME is developing and will own and operate the Springbok 2 Solar Project, an approximately 155-MW (nameplate) solar photovoltaic facility located in Kern County, California. It also owns certain transmission facilities necessary to interconnect the facility to a substation and to a 3.2-mile, 230-kV generator tie-line. A portion of the substation and the tie-line are the subject of a Co-Tenancy and Shared Facilities Agreement with 62SK 8ME LLC (developing the Springbok 1 project), 64KT 8ME LLC and 60TM 8ME LLC.
63SU 8ME will transmit electricity from its facility to the point of interconnection with the electric transmission system owned by the Los Angeles Department of Water and Power (LADWP) within the LADWP balancing authority area. It expects to place the facility into commercial operation during the third quarter of 2016. It is committed to sell the full output of the facility under a 27-year power purchase agreement with the Southern California Public Power Authority (SCPPA) expiring in 2043.
63SU 8ME is affiliated with developer D. E. Shaw & Co. L.P.
As for 62SK 8ME LLC, it is developing and will own and operate an approximately 108 MW (nameplate) solar facility (Springbok 1) located in Kern County, California, within the LADWP BAA. It expects to place the Springbok 1 Facility into commercial operations during the second quarter of 2016. Springbok 1 is committed to sell the full output of the Springbok 1 Facility under a 25-year power purchase agreement with SCPPA expiring in 2041.