Oregon Clean Energy LLC on Aug. 22 filed at the Federal Energy Regulatory Commission its market-based rate tariff and asked the commission to grant such waivers and blanket authorizations as the commission previously has granted to other entities engaged in wholesale sales of electricity at market-based rates.
Applicant requested that the commission accept for filing and approve the tariff with an effective date of Oct. 21, 2016, 60 days after filing. The applicant anticipates that the commencement of commercial wholesale power activities by early 2017, and that the facility will be energized for testing purposes by late December 2016.
Applicant owns and will operate an approximately 960 MW natural gas-fired combined cycle generator located in Oregon, Lucas County, Ohio. The facility will be interconnected with American Transmission Systems Inc. (ATSI), whose transmission system is operated by the PJM Interconnection.
The facility includes two 313-MW gas combustion turbines and one 336-MW steam turbine. OCE is an exempt wholesale generator. The facility was originally planned as a 799-MW project. The original interconnection agreement among OCE, PJM and ATSI for 799 MW of Capacity Interconnection Rights was previously accepted by the commission.
Under its current Interconnection Service Agreement with ATSI and PJM, OCE will have a Maximum Facility Output in the amount of 960 MW, and Capacity Interconnection Rights in the amount of 845 MW. OCE will sell at wholesale electric energy and capacity produced from the facility into the PJM wholesale market and plans to start doing so when the facility starts operation in late December 2016.
One or more private equity funds that are exclusively managed and controlled by Ares EIF Management LLC (formerly known as EIF Management LLC) indirectly hold 50% of the interests in the applicant, and one or more private equity investment and co-investment funds that are exclusively managed and controlled by I Squared Capital hold the other 50% interest.