Five Points Solar Park LLC on June 24 requested that the Federal Energy Regulatory Commission accept for filing its Market-Based Rate Tariff, and grant authorization for Five Points to sell electric energy and capacity at wholesale and make sales of ancillary services at market-based rates.
Five Points owns a 60-MW (ac) ground-mounted photovoltaic solar facility located on a 480-acre parcel in Fresno County, California. The facility interconnects with the California Independent System Operator-run transmission system. The Five Points project is scheduled to begin commercial operation on or about Aug. 8, 2016, and will sell its full output at wholesale to The Regents of the University of California under a long-term power purchase agreement.
Five Points will be wholly owned by CRE-Five Points Solar California LLC, which will hold 100% of the Class B Membership Interests, and PNC Commercial LLC, which will hold 100% of the Class A Membership Interests. CRE-Five Points is wholly owned by Centaurus Renewable Energy LLC (80%) and Accordia Life and Annuity Co. (20%). Centaurus Renewable Energy is wholly owned by Centaurus Capital LP. Centaurus Holdings LLC, whose sole manager is a Texas-based individual, is the general partner of Centaurus Capital. Accordia is an affiliate of Global Atlantic Financial Group Ltd.
A company contact is: Stephen H. Douglas, Centaurus Renewable Energy LLC, 2800 Post Oak Blvd., Suite 225, Houston, TX 77056, Tel: (713) 554-1352, sdouglas@centaurusenergy.com.
