Invenergy Wind has several affiliates with in-development projects

Beech Ridge Energy LLC and a long list of other project subsidiaries of Invenergy Wind LLC on May 12 filed with the Federal Energy Regulatory Commission for authorization for a proposed transaction where Invenergy Wind would buy back from Leaf Invenergy Co. the equity interests that Leaf holds in Invenergy Wind.

This would result in Leaf no longer owning any ownership interests in Invenergy Wind or indirectly in the applicants and slight changes to the amount of equity ownership interests that the other remaining existing owners hold in Invenergy Wind and indirectly in the applicants. The companies asked for a commission order iby June 13 to accommodate closing of the transaction as soon as possible thereafter.

At the time of filing of this application, each of Liberty Holdings, CDPQ Investments and Leaf directly own passive, non-controlling minority equity interest in Invenergy Wind as follows: Liberty Holdings, 16.26%; CDPQ Investments, 24.09%; and, Leaf, 2.3%.

The filing describes the applicant companies, with these being the ones with in-development projects:

  • Beech Ridge Energy II LLC is developing and plans to construct, own and operate wind generation facilities of up to 52.5 MW (nameplate) that will be located in Greenbrier and Nicholas counties, West Virginia. The BR II Project will be interconnected with the transmission system owned by Allegheny Power, and controlled by PJM Interconnection. BR II will sell electric energy, capacity and/or ancillary services from the BR II Project at wholesale. The commission has granted BR II market-based rate authority. BR II is an EWG and is an indirect, wholly-owned subsidiary of Invenergy Wind.
  • Bethel Wind Farm LLC is developing and plans to construct, own and operate an approximately 276 MW (nameplate) wind project that will be located in Castro County, Texas. Bethel will sell electric energy, capacity and/or ancillary services from the Bethel Project at wholesale. The Bethel Project will be interconnected with the transmission system owned by Southwestern Public Service Co. (SPS). SPS’s transmission system is operated by the Southwest Power Pool (SPP). Bethel will sell electric energy, capacity and/or ancillary services at wholesale pursuant to its market-based rate tariff. Bethel is an EWG and an indirect, wholly-owned subsidiary of Invenergy Wind.
  • Bishop Hill Energy III LLC is developing and plans to construct, own and operate wind facilities consisting of up to 136 MW (nameplate) that will be located in Henry County, Illinois. BH III plans to interconnect the BH III Project to the transmission system owned by owned by Ameren Illinois and controlled by Midcontinent Independent System Operator (MISO), through a generator-tie line and related radial interconnection facilities owned by Bishop Hill Interconnection LLC. BH III will sell electric energy, capacity and/or ancillary services at wholesale pursuant to its market-based rate tariff. BH III is an EWG. BH III is an indirect, wholly-owned subsidiary of Invenergy Wind.
  • Grand Ridge Energy V LLC is developing and plans to construct, own and operate wind facilities of up to 80 MW (nameplate) that will be located in LaSalle County, Illinois. The GR V Facility will be interconnected with the transmission system owned by Commonwealth Edison (ComEd), and controlled by PJM. GR V will sell electric energy, capacity and/or ancillary services at wholesale pursuant to its market-based rate tariff. GR V is an EWG and an indirect, wholly-owned subsidiary of Invenergy Wind.
  • Peak View Wind Energy LLC is developing and plans to construct, own and operate an up to 60 MW (nameplate) wind project that will be located in Huerfano/Las Animas counties, Colorado. The Peak View Project will be interconnected to the transmission system owned by Black Hills/Colorado Electric Utility Co. LP. The Peak View Project will be interconnected to transmission facilities owned by Black Hills that are located in the Public Service Co. of Colorado balancing authority area. Peak View will sell electric energy, capacity and/or ancillary services from the Peak View Project at wholesale. On April 14, Peak View filed an application with the commission requesting market-based rate authority to sell energy, capacity and ancillary services, which, as of the time this application was filed, is still pending. On April 14, Peak View also filed an EWG notice. Peak View is an indirect, wholly-owned subsidiary of Invenergy Wind.

In addition to the applicants, at the time of this filing Invenergy Wind indirectly owns the controlling interests in the other companies that are EWGs and own operating wind generation facilities and related interconnection facilities, or are constructing such facilities that may become operational by the time the proposed transaction closes, in the continental United States but are not public utilities under the Federal Power Act because they sell, or will sell power, solely within the Electric Reliability Council of Texas (ERCOT). Those companies with in-development projects are:

  • Gunsight Mountain Wind Energy LLC is constructing and will own and operates an approximately 119.93 MW wind facility located in Howard County, Texas. Gunsight will sell electric energy, capacity and ancillary services produced from the Gunsight Facility exclusively at wholesale within the ERCOT market. The interconnection facilities that Gunsight will own will connect to the transmission system owned by Oncor Electric Delivery Co. LLC. Gunsight is an EWG.
  • Wake Wind Energy LLC is constructing and will own and operate an approximately 257.25 MW wind facility located in Crosby, Floyd and Dickens counties, Texas. Wake will sell electric energy, capacity and ancillary services produced from the Wake Facility exclusively at wholesale within the ERCOT market. The interconnection facilities that Wake will own will connect to the transmission system owned by Wind Energy Transmission Texas LLC.

When this transaction closes, the amounts of the equity ownership interests held in Invenergy Wind by the remaining owners will change as follows: Invenergy Wind Holdings LLC‘s (IWH) will change from 53.77% to 55.0358%; Invenergy Wind Investment Corp.’s will change from 0.58 to 0.5937%; CDPQ Investments’ will change from 27.09% to 27.7277%; and Liberty Holdings’ will change from 16.26% to 16.6428%. However, when the transaction closes, IWH will continue to own the controlling interests in Invenergy Wind because it will continue to be the majority owner and the managing member of Invenergy Wind.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.