The Federal Energy Regulatory Commission on Dec. 21 approved an Oct. 19 application from Chisholm View Wind Project II LLC requesting authorization for the acquisition by EFS Renewables Holdings LLC of interests in Chisholm.
Chisholm owns a 64.8-MW wind project currently under development in Grant and Garfield counties, Oklahoma. The project will interconnect with the transmission system owned by Oklahoma Gas and Electric within the Southwest Power Pool (SPP) market. The full output of the project is committed under a long term power purchase agreement with Arkansas Electric Cooperative Corp.
Chisholm is a wholly owned subsidiary of Enel Kansas LLC, which is indirectly wholly owned by Enel S.p.A.
EFS Renewables is a wholly owned subsidiary of Aircraft Services Corp., which is indirectly wholly owned by General Electric (NYSE: GE).
EFS Renewables will make capital contributions to Chisholm in exchange for 100% of the non-controlling, passive Class A Membership Interests in Chisholm. Enel Kansas will be the managing member and through its indirect membership interests will continue to have the right to control Chisholm on a day to day basis.
Arkansas Electric Cooperative had announced Dec. 15 that it has acquired access to 173 MW of additional wind capacity from the Drift Sand Wind and the Chisholm View II projects in Oklahoma, which began commercial operations in December. The Drift Sand Wind Farm is located in Grady County.