FERC approves sale of 150-MW Lindahl Wind project in North Dakota

The Federal Energy Regulatory Commission on Dec. 20 approved a Nov. 2 application from Lindahl Wind Project LLC for authorization for the disposition of jurisdictional facilities in which EGPNA REP Wind Holdings LLC (REP Wind) will cause its subsidiary, SubCo, to indirectly acquire 100% of the Class A membership interests in Lindahl.

Applicant stated that it intends to engage in a multi-step transaction. REP Wind will: form a newly-owned subsidiary (SubCo); cause SubCo to issue passive classes of membership interests to Enel Green Power North America Inc. (Enel NA) or an affiliate thereof, which indirectly controls REP Wind, and to an affiliate of GE Energy Financial Services Inc. (GE Energy), which also holds a passive interest in REP Wind through an affiliate; and cause SubCo to indirectly acquire 100% of the Class A membership interests in Lindahl.

Lindahl owns a wind project with a nameplate rating of approximately 150 MW currently under development in Williams County, North Dakota. The Lindahl Project is interconnected with the Western Area Power Administration within the Southwest Power Pool (SPP) market.

The application said the Lindahl Project was to begin testing in late fall 2016 and enter commercial operation in late December 2016. Applicant has committed to sell the entire output of the Lindahl Project under a 25-year power purchase agreement with Basin Electric Power Cooperative. Applicant is an exempt wholesale generator and is authorized to sell energy, capacity, and ancillary services at market-based rates. 

Applicant stated that its sole member is Lindahl Wind Holdings LLC (Wind Holdings). Wind Holdings is a wholly owned subsidiary of Enel Kansas LLC. Enel Kansas is a wholly owned subsidiary of Enel NA, which is a wholly owned subsidiary of Enel S.p.A., a joint-stock company formed under the laws of Italy. Enel Kansas owns 100 percent of the membership interests in Wind Holdings. Wind Holdings owns 100% of the controlling Class A membership interests in Lindahl.

EGPNA Renewable Energy Partners LLC (REP) membership interests are divided into two classes: controlling Class A membership interests, and passive Class B membership interests. EGPNA REP Holdings LLC (REP Holdings), a direct subsidiary of Enel NA, owns 100% of the controlling Class A membership interests in REP. EFS Green Power Holdings LLC (EFS GPH), an indirect subsidiary of General Electric (NYSE: GE), owns 100% of the passive Class B membership interests in REP. REP Wind is a wholly owned subsidiary of REP.

Applicant stated that, through its interest in REP, EFS GPH will acquire an indirect, passive interest in Lindahl. EFS GPH will maintain its passive interests and have no day-to-day control over REP or any of its subsidiaries. The day-to-day control and management of Lindahl will continue to be performed by an entity wholly owned by Enel NA as the managing member of REP.

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.