FERC Okays Investors in 299 MW of Just-Completed Brady Wind Projects in N.D.
The Federal Energy Regulatory Commission on Nov. 9 approved a Sept. 27 application from Brady Wind LLC, Brady Wind II LLC and Brady Interconnection LLC related to passive investment in two newly-completed wind projects in North Dakota of NextEra Energy Resources LLC.
The FERC approval covers the transfer of certain indirect, passive, non-managing interests in the applicants to BAL Investment & Advisory Inc. (BALIA) or an affiliate thereof, and The Bank of New York Mellon (BNY Mellon) or an affiliate thereof. These companies will acquire 100% of the passive, non-managing Class B membership interests in Nokota Wind LLC, which will own 100% of the membership interests in the applicants.
•Brady Wind will own and operate an approximately 149.7-MW wind facility (Brady Facility) located in Stark County, North Dakota, within the Southwest Power Pool (SPP) market. Brady is a party to a generator interconnection agreement with the Western Area Power Administration (WAPA), and was to start producing test energy as early as Oct. 25, 2016. Brady has entered into a long-term power purchase agreement (PPA) with Basin Electric Power Cooperative for 100% of the power produced by the Brady Facility, including test energy. Brady is an exempt wholesale generator (EWG) and is authorized to sell power at market-based rates.
•Brady Wind II will own and operate an approximately 149-MW wind facility located in Stark and Hettinger counties, North Dakota, within the SPP market. The Brady II Facility will interconnect with WAPA, under a generator interconnection agreement with WAPA and SPP, and may start producing test energy as early as Nov. 15, 2016. Brady II has entered into a long-term power purchase agreement with Basin Electric for 100% of the power produced by the Brady II Facility, including test energy. Brady II is an EWG and is authorized to sell power at market-based rates.