Oregon Clean Energy LLC on Oct. 21 won an approval from the Federal Energy Regulatory Commission for its market-based rate tariff for a 960-MW project in Ohio.
The applicant said in the Aug. 22 application that it 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. It 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. Oregon Clean Energy is an exempt wholesale generator. The facility was originally planned as a 799-MW project. The original interconnection agreement among Oregon Clean Energy, 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, Oregon Clean Energy will have a Maximum Facility Output in the amount of 960 MW, and Capacity Interconnection Rights in the amount of 845 MW. Oregon Clean Energy 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.