TransCanada seeks FERC approval for sale of five hydro plants to ArcLight

TransCanada Hydro Northeast Inc. (TC Hydro) applied Nov. 18 at the Federal Energy Regulatory Commission for the transfer of licenses for five hydroelectric facilities located on the Connecticut and Deerfield Rivers in New Hampshire, Massachusetts and Vermont.

The five are Bellows Falls, Wilder, Vernon, Fifteen Mile Falls and Deerfield River.

On Nov. 1, TransCanada PipeLine USA Ltd., the owner of TC Hydro, and Great River Hydro NE LLC, an affiliate of ArcLight Capital Partners LLC, entered into a Purchase And Sale Agreement (PSA) under which TransCanada PipeLine will convey its ownership interests in TC Hydro to Great River Hydro NE. Following the close of the acquisition, the name will be changed from TC Hydro to Great River Hydro LLC.

In October 2012, TC Hydro filed Notices of Intent (NOis) to file applications for new licenses for three of these facilities and Pre-Application Documents (PADs) for each of these three projects. Since then, TC Hydro has made a number of additional filings with the commission pursuant to the Integrated Licensing Process (ILP) schedule for these relicensings. TC Hydro said it will be filing Preliminary Licensing Proposals for these three projects with the commission on Dec. 1, 2016.

ArcLight had announced Nov. 1 that affiliate Great River Hydro had signed an agreement to acquire TransCanada’s New England hydroelectric portfolio. The transaction is expected to close in mid-2017, subject to customary regulatory and other approvals.

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.