Western Antelope Blue Sky Ranch B LLC applied July 6 at the Federal Energy Regulatory Commission for approval of the acquisition by SPW Solar Holdings 3 LLC of 100% of the membership interests in Western Antelope Blue Sky Ranch B, which is developing a 20-MW solar project in California.
More specifically, the applicant seeks commission authorization for the disposition to JPM Capital Corp., a passive investor in SPW3, of an indirect interest in the applicant. JPM Capital is an indirect, wholly-owned subsidiary of JPMorgan Chase & Co., an international financial services company.
Western Antelope Blue Sky Ranch B owns a solar photovoltaic project with a nameplate capacity of approximately 20 MW (ac) located in the City of Lancaster, Los Angeles County, California. The WABSRB Project is located within the California Independent System Operator balancing authority area in the Southwest region. Applicant expects to begin generating test power from the WABSRB Project in October 2016 and achieve commercial operation in November 2016.
Applicant is committed to sell the entire output from the WABSRB Project under a 25-year power purchase agreement with the City of Palo Alto.
Applicant is currently a wholly-owned subsidiary of FTP Power LLC. After the closing of the proposed transaction, FTP will continue to have control over the applicant.
A project contact is: Sean McBride, General Counsel, FTP Power LLC, 2180 South 1300 East, Suite 600, Salt Lake City, UT 84106, Telephone: (801) 679-3500, smcbride@spower.com.
