The Virginia State Corporation Commission on July 29 approved a June 27 application from Virginia Electric and Power d/b/a Dominion Virginia Power (DVP) for authority for a transfer from Panda Stonewall LLC to DVP of certain interconnection facilities associated with Panda Stonewall’s generating facility in Loudoun County, Virginia.
The commission noted in the approval order: “DVP asked for expedited consideration of the Transfer in order for Panda Stonewall to commence energized testing of the Panda Plant by the end of July 2016. Pursuant to an Interconnection Construction Service Agreement between DVP, Panda Stonewall, and PJM Interconnection, L.C.C., Panda Stonewall financed the Interconnection Facilities construction costs of $7,231,536 and will transfer the Interconnection Facilities without consideration to DVP, which will operate the facilities on Panda Stonewall’s behalf.”
The Federal Energy Regulatory Commission on June 22 had approved a May 27 application from DVP for authorization for a transaction whereby it will accept from Panda Stonewall LLC interconnection facilities for this power project that were placed into service on April 26 of this year.
Panda Stonewall is completing a 778-MW natural gas–fired facility that is interconnected with Dominion’s transmission system in the PJM region. Panda Power Funds holds the membership interests in Panda Stonewall. Panda Power Funds is a developer of natural gas and solar generation projects.