The Federal Energy Regulatory Commission on Nov. 28 accepted a Sept. 22 application from Panda Stonewall LLC for authorization to make wholesale sales of electric energy, capacity, and ancillary services at market-based rates out of a newly-completed power plant in Virginia.
Panda Stonewall owns and operates a natural gas-fired facility located in Leesburg, Loudoun County, Virginia, within the PJM Interconnection balancing authority area (BAA). The Panda Stonewall Facility will have a summer rating capacity of 774 MW (778 MW nameplate). The Panda Stonewall Facility interconnects to the Dominion Virginia Power transmission system, which is under the operational control of PJM. Panda Stonewall is an Exempt Wholesale Generator.
The Sept. 22 application said the plant was due for commercial operation around Dec. 2 of this year.
Said the Nov. 28 FERC approval: “You state that Panda Stonewall will own and operate a 744 megawatt (MW) natural gas-fired electric generation facility located in Loudon County, Virginia which is located in the PJM market. You represent that you are affiliated with an additional 1,539 MW of generation capacity in the PJM market. You represent that Panda Stonewall’s upstream owners are Panda Power Fund II GP, LLC which has managing interests and Panda Power Generation Infrastructure Fund GP, LLC which has non-managing interests. Both entities are owned by five individuals. You state that Panda Stonewall and its affiliates’ transmission facilities qualify for the blanket OATT waiver…. Therefore, Panda Stonewall and its affiliates have mitigated any transmission market power. Further, you affirmatively state that Panda Stonewall and its affiliates have not erected barriers to entry and will not erect barriers to entry into the relevant market.”
