Indeck Corinth LP, the owner and operator of a 128-MW natural gas-fired cogeneration facility located in Corinth, New York, filed a July 22 petition with the New York State Public Service Commission for an order declaring that it will be subject to regulation as an electric corporation under a lightened regulatory regime.
Indeck Corinth is a limited partnership that is wholly owned by Indeck Corinth LLC and Indeck Energy Services of Corinth Inc., which both are wholly-owned subsidiaries of Indeck Energy Services Inc., a privately held corporation. Indeck, an international developer of cogeneration and independent power plants, owns five generating facilities in New York (including this facility) and one facility in New England.
The subject facility commenced operation in July 1995, as a qualifying facility (QF) pursuant to the Public Utility Regulatory Policies Act of 1978 and began selling electricity to Consolidated Edison Co. of New York (Con Ed) pursuant to a twenty-year power purchase agreement. The facility is interconnected to the transmission system owned by Niagara Mohawk Power and operated by the New York Independent System Operator.
Indeck Corinth was exempt from the New York commission’s regulation under the Public Service Law because it was a QF selling electricity exclusively at wholesale to Con Ed. But on July 1, 2015, Indeck Corinth self-certified its facility with the Federal Energy Regulatory Commission as an exempt wholesale generator pursuant to the Public Utility Holding Company Act of 2005. On July 22, 2015, FERC authorized Indeck Corinth to sell power at market-based rates, effective July 1, 2015. On June 30, 2015, Indeck Corinth informed FERC that it elected to relinquish the facility’s QF status and that its election would be given effect as of July 1, 2015. The facility now sells energy, capacity, and ancillary services into the emerging wholesale market for competitive generation in New York and the surrounding regions. As Indeck Corinth is no longer a QF, it is now subject to the New York commission’s jurisdiction.
Indeck Corinth requested that it be regulated under a lightened regulatory regime similar to the regimes the New York commission has imposed on other independent power producers engaged in the selling of electric energy exclusively at wholesale.
A company contact is: Michael Ferguson, Vice President Operations and Asset Management, Indeck Corinth Limited Partnership, 600 North Buffalo Grove Road, Suite 300, Buffalo Grove, Illinois 60089, (847) 520-3212.