FERC okays market authority for City Point, which is buying Virginia cogen

City Point Energy Center LLC won a Nov. 17 approval from the Federal Energy Regulatory Commission on its Sept. 23 application 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.”

This plant 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, agangadh@novienergy.com.

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.