Grant Wind LLC on May 23 filed with the Federal Energy Regulatory Commission proposed revisions to its market-based rate tariff to reflect the fact it was acquired in April by the Southern Power unit of Southern Co. (NYSE: SO).
Grant Wind is engaged in the ownership and operation of an approximately 150 MW (nameplate) wind facility. The facility is interconnected to Oklahoma Gas & Electric, with all output committed under long-term firm power purchase and sale agreements to unaffiliated wholesale customers.
The purpose of the proposed tariff revisions is to: add tariff language that is required of all Southern Co.-affiliated market-based rate sellers with respect to horizontal market power mitigation in the Southeast region; and otherwise align the tariff language to be consistent with other market-based rate sellers affiliated with Southern Power.
In November 2015, FERC approved the acquisition by Southern Renewable Energy Inc., a wholly-owned subsidiary of Southern Power, of 100% of the membership interests in Grant Wind from a direct or indirect wholly owned subsidiary of Apex Clean Energy Holdings LLC. That deal was consummated on April 7 of this year.