North Star Solar PV LLC on June 23 submitted to the Federal Energy Regulatory Commission a notice of self-certification of Exempt Wholesale Generator status based on its development, ownership, and expected operation of an approximately 100 MW (ac) (nameplate) solar facility located near the city of North Branch in Chisago County, Minnesota.
The company also owns certain transmission facilities necessary to interconnect the solar project to the Chisago Substation, which is the facility’s point of interconnection with the transmission system owned by Northern States Power, within the Midcontinent Independent System Operator balancing authority area.
The output of the facility is fully committed under a long-term power purchase agreement with Northern States Power expiring in 2042. North Star Solar PV expects to energize the facility during the third quarter of 2016 and to place it into commercial operation during the fourth quarter of 2016.
A company contact is: Nathan Thomas, Chief Compliance Officer, The D. E. Shaw Group, 1166 Avenue of the Americas, Ninth Floor, New York, NY 10036, Tel: (212) 478-0000, firstname.lastname@example.org.
Also on June 23, North Star Solar PV applied at FERC for approval of a transaction under which BAL Investment & Advisory Inc. (BALIA), or a wholly owned subsidiary of BALIA, will purchase 100% of the non-controlling, passive Class A membership interests in its direct parent, DESRI North Star Holdings LLC. Up the corporate ladder is D. E. Shaw Renewable Investments LLC, which is a direct and wholly owned subsidiary of D. E. Shaw & Co. LP.
BALIA is an indirect, wholly owned subsidiary of Bank of America Corp., a bank holding company and a financial holding company. It will not have any day-to-day input over the control of North Star Holdings, North Star, or North Star’s FERC-jurisdictional facilities.
Another June 23 filing at FERC by North Star Solar PV was a request that the commission accept its market-based rate tariff effective Aug. 22.