Drift Sand Wind Project LLC on July 27 requested that the Federal Energy Regulatory Commission issue an order that accepts its market-based rate schedule and FERC Electric Tariff, under which it will sell electric energy, capacity, and ancillary services at market-based rates.
The company owns a wind project with a nameplate rating of 108.8 MW currently under development and located in Grady County, Oklahoma. The project will be interconnected with the transmission system owned by AEP Oklahoma Transmission within the Southwest Power Pool balancing authority area.
Drift Sand Wind expects the project to begin testing in fall 2016 and to enter commercial operation in November 2016. It is committed to sell the full output of the project under a 20-year power purchase agreement with Arkansas Electric Cooperative Corp.
Applicant’s membership interests consist of 65% Class A Membership Interests and 35% Class B Membership Interests.
- 100% of its Class B membership interests are owned by Enel Kansas LLC. While Enel Kansas’s membership interests provide it with only limited consent and veto rights over major corporate actions, Enel Kansas is designated as the Managing Member of the applicant, and, as such, it has the right to control and make the decisions affecting applicant and the project on a day-to-day basis. Enel Kansas is a subsidiary of Enel Green North America Inc., which in turn is wholly owned by Enel Green Power International BV, a company organized under the laws of the Netherlands.
- 100% of applicant’s Class A membership interests are owned by EFS Renewables Holdings LLC, an indirect, wholly owned subsidiary of General Electric (NYSE: GE).