FERC okays sale of Bethel Wind Farm in Texas to Southern

The Federal Energy Regulatory Commission on Dec 30 approved a Nov. 4 application from Bethel Wind Farm LLC requesting authorization for the disposition of jurisdictional facilities resulting from Southern Renewable Partnerships LLC indirectly acquiring ownership interests in Bethel.

Bethel owns and operates a 276-MW wind project located in Castro County, Texas. The project is interconnected to the transmission system owned by Southwestern Public Service Co. and operated by the Southwest Power Pool. Bethel has entered into a long-term power agreement to selll 225 MW of the output from the project to an unaffiliated entity.

Bethel is an indirect, wholly owned subsidiary of Bethel Wind Farm Class B Holdings LLC (Class B Holdings). Class B Holdings is wholly owned by Invenergy Wind Global LLC, which is indirectly, partially owned by Invenergy Investment Co. LLC. Invenergy Investment also indirectly owns the controlling interests in other public utilities that own approximately 310 MW of generation capacity located in the SPP market, but none of those companies is involved in this transaction.

Southern Renewable is a holding company that is wholly owned by Southern Power, which is part of Southern Co. (NYSE: SO).

Pursuant to a Purchase and Sale Agreement, Invenergy Global will sell 100% of its ownership interests in Class B Holdings to Southern Renewable. As a result, Bethel will be an indirect, wholly-owned subsidiary of Southern Renewable.

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.