Texas PUC to review Borger plant sale at Oct. 28 meeting

The Public Utility Commission of Texas is due at its Oct. 28 meeting to look at an Oct. 6 draft approval from its staff on a recent application from Western Generation Partners LLC for a sign-off on its purchase of 100% of the ownership interests in the Borger Facility, a 230 MW gas-fired plant located near Borger, Texas, in the Southwest Power Pool region.

Western Generation is a joint venture among Harbert Power Fund V LLC (HPF V), UBS Asset Management Funds Ltd. (UBSI), and The Northwestern Mutual Life Insurance Co. (NML).

On July 26, under the Public Utility Regulatory Act (PURA), Western Generation filed an application for approval of this purchase, The Borger Facility is currently owned by Borger Energy Associates LP, which is a wholly owned subsidiary of First Reserve Energy Infrastructure Fund.

HPF V, UBSI and NML have formed Western Generation, a joint venture holding company that will own, indirectly, 100% of the membership interests in a Delaware limited liability company to be formed that will act as the buyer under a Purchase and Sale Agreement, which will govern the terms and conditions of the transaction.

UBSI and NML, through subsidiaries, own electric generation facilities in Texas that offer electricity for sale in the state. As a result of the transaction, Western Generation will also acquire a 604 MW gas-fired generation facility located outside of Texas but within the SPP footprint.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.