Beacon Solar 1 LLC on Dec. 14 requested that the Federal Energy Regulatory Commission issue an order that accepts its market-based rate schedule under which it will sell electric energy, capacity, and ancillary services at market-based rates.
Beacon Solae 1 is developing a solar photovoltaic project with a nameplate rating of approximately 56 MW (ac) located in Kern County, California. The project is located within the Los Angeles Department of Water and Power (LADWP) balancing authority area in the Southwest region. The company has filed notice with the commission of its status as an exempt wholesale generator (EWG).
The project is expected to begin generating test power during February 2017 and to reach commercial operation in March 2017. Beacon Solar 1 is committed to sell the entire output from the Beacon 1 Project under a 25-year power purchase agreement with LADWP. The expiration date of the power purchase agreement will be determined based on its commercial operation date and therefore will not be known until the Beacon 1 Project reaches commercial operation.
Pursuant to an Equity Capital Contribution Agreement, dated Nov. 2, 2016, between FTS Beacon Solar Holdings LLC (Beacon Solar Holdings), FTS Beacon Solar Managing Member LLC (Beacon Managing Member), Beacon Solar 1, Beacon Solar 3 LLC (Beacon 3), Beacon Solar 4 LLC (Beacon 4), Firstar Development LLC and PNC Commercial LLC (the “ECCA”), and the Beacon Solar Holdings Amended and Restated Operating Agreement, dated Nov. 2, 2016 (the “Operating Agreement”), Beacon Solar Holdings owns 100% of the membership interests in Beaon Solar 1.
Beacon Managing Member owns 100% of the Class B Membership Interests in Beacon Solar Holdings and, as the Managing Member of Beacon Solar Holdings, has the right to control the applicant and the project on a day-to-day basis. Firstar owns 50% of the Class A Membership Interests in Beacon Solar Holdings and has a passive, non-controlling interest in Beacon Solar Holdings with only limited rights with respect to the actions of the applicant. PNC owns the other 50% of the Class A Membership Interests in Beacon Solar Holdings and has a passive, non-controlling interest in Beacon Solar Holdings with only limited rights with respect to the actions of the applicant.
A project contact is: Sean McBride, General Counsel, FTP Power LLC, 2180 South 1300 East, Suite 600, Salt Lake City, UT 84106, Telephone: (801) 679-3500, email@example.com.