Virginia Electric and Power d/b/a Dominion Virginia Power on May 27 requested Federal Energy Regulatory Commission authorization for a transaction whereby it will accept from Panda Stonewall LLC certain interconnection facilities associated with Panda Stonewall’s essentially completed power plant in Loudoun County, Virginia, that were placed into service on April 26.
Dominion’s acceptance of the interconnection facilities is for the limited purpose of effectuating an express provision of an Interconnection Construction Service Agreement (ICSA) among Dominion as the interconnecting transmission owner, Panda Stonewall and PJM Interconnection.
Said Dominion’s May 27 application: “The Interconnection Facilities have been in service since April 26, 2016, and Applicant and Panda Stonewall desire to complete the transfer of title and care, custody and control necessary in relation to the interconnection process as soon as possible and before such time as the Stonewall Project commences operations in June 2016.”
Panda Power Funds is an experienced developer of natural gas and solar generation projects. Panda Power Funds holds the membership interests in Panda Stonewall, which is developing the Stonewall Project. The Stonewall Project is a 778-MW, low-heat-rate, natural gas–fired combined-cyle gas turbine facility located in Loudoun County. The Stonewall Project is located in the northern part of the PJM Dominion Zone, providing advantaged access to low-cost natural gas, and will sell energy into the PJM Dominion Zone and capacity at the PJM regional clearing capacity price.
Panda Stonewall on June 16 filed with FERC a notice that said: “Panda Stonewall LLC hereby moves to intervene in this proceeding. This proceeding directly addresses Panda Stonewall LLC’s interconnection facilities and a transaction to which Panda Stonewall LLC is a party. Given the substantial interest of Panda Stonewall LLC in this proceeding, Panda Stonewall LLC will not be adequately represented by any other party in this proceeding.”
Virginia Electric and Power is a unit of Dominion Resources (NYSE: D).