City Point Energy Center LLC, which plans to buy an existing power plant in Virginia, on Sept. 23 asked the Federal Energy Regulatory Commission for acceptance of its proposed market-based rate tariff and authorization to sell energy, capacity, and certain ancillary services at market-based rates in the PJM Interconnection balancing authority area.
This company was formed for the purpose of acquiring a 114.8 MW cogeneration facility and associated interconnection facilities located in Hopewell, Virginia. It is called the Hopewell Cogeneration Facility. The plant is interconnected to the transmission system owned by Virginia Electric and Power d/b/a Dominion Virginia Power. It is located in the AP South submarket of the PJM balancing authority area.
Said the Sept. 23 filing: “Applicant intends to acquire the Facility upon the closing of a purchase transaction with James River Genco, LLC, the current owner of the Facility (the ‘Transaction’). However, as of the date of filing of this Application, Applicant is not certain of Transaction’s closing date. Therefore, Applicant requests an open-ended eTariff effective date for its proposed Tariff and commits to notify the Commission of the effective date within five (5) days of closing of the Transaction.”
After the closing of the transaction, City Point Energy Center plans to make wholesale sales of capacity, energy, and ancillary services within the PJM BAA, including the AP South submarket of the PJM BAA, at market-based rates. The facility does not include, nor does Applicant own, any transmission facilities other than limited interconnection facilities needed to connect it with Dominion Virginia Power’s transmission system. It currently operates as a qualifying facility (QF) under the Public Utility Regulatory Policies Act of 1978 (PURPA), as amended. Applicant expects to continue to operate the facility as a QF after consummation of the transaction, but does not expect to make wholesale power sales pursuant to the commission’s PURPA regulations that apply to qualifying facility sales to franchised utilities.
A company contact is: Anand Gangadharan, City Point Energy Center LLC, 23955 Novi Road, Novi, MI 48375, Tel: (248) 735-6884, email@example.com.