Two affiliated companies that will own two power blocks at the Gila River plant in Arizona, CXA Sundevil Power I Inc. and CXA Sundevil Power II Inc., on Oct. 7 filed with the Federal Energy Regulatory Commission notices of self-certification as exempt wholesale generators.
CXA Sundevil Power I will control Power Block 1, which one of the four 515-MW (summer rating) natural gas-fired, combined-cycle blocks at the Gila River station. CXA Sundevil Power II will control Power Block 2.
The Gila River plant is located in Maricopa County, Arizona, and is configured with four power blocks, each consisting of two natural gas-fired combustion turbines, two heat recovery steam generators, and one steam turbine. It has its own transmission interconnection equipment installed at the on-site substation and switchyard from which the station is interconnected to the Arizona Public Service balancing authority area (APS BAA).
Power Block 1 and Power Bock 2 and the corresponding joint ownership interests in the common assets of the station are currently owned by bankrupt Sundevil Power Holdings LLC. The CXA Sundevil companies are wholly-owned, indirect subsidiary of Beal Bank USA (BBUSA). BBUSA has formed these companies to acquire and own these power blocks, together with the corresponding joint ownership interests, as a result of the bankruptcy of Sundevil and default on loans made to Sundevil by BBUSA.
On Aug. 11, the involved companies submitted a joint application at FERC for approval of this acquisition. Additionally, on Aug. 26, CXA I and CXA II each filed a petition at FERC for authority to sell energy, capacity, and ancillary services at market-based rates. Those applications are still pending.
A company contact is: James Erwin, CLMG Corp., 7195 Dallas Parkway Plano, TX 75024, (469) 467-5414, email@example.com.
This asset sale process does not involve the other two blocks at the Gila River plant. Tucson Electric Power and UNS Electric collectively own 100% of Power Block 3, and Gila River Power LLC, part of Entegra Power, owns 100% of Power Block 4.