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Gulf Pacific Power wins FERC nod to invest in 2 Enel Kansas wind projects

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Essential Energy Insights - January 2021


Gulf Pacific Power wins FERC nod to invest in 2 Enel Kansas wind projects

The Federal Energy Regulatory Commission on Oct. 13 authorized a Gulf Pacific Power LLC affiliate to acquire passive, nonvoting class B membership interests in two Enel Kansas LLC-owned wind facilities.

Under the deal, the buyer will make a tax equity investment in the roughly 200-MW Caney River project in Elk County, Kan., and the roughly 149-MW Rocky Ridge project in Kiowa and Washita counties, Okla.

Caney River sells power to the Tennessee Valley Authority under a 20-year power purchase agreement, while Rocky Ridge sells power to Western Farmers Electric Cooperative Inc. under a 25-year PPA.

Enel Green Power North America Inc. and Enel Kansas will continue to control and own the class A membership interests in the facilities. Enel Green Power is a subsidiary of Enel SpA.

Gulf Pacific is a Delaware limited liability company organized as an investment fund and managed by a subsidiary of Harbert Management Corp. The California Public Employees' Retirement System owns about a 97.9% interest in Gulf Pacific. (FERC docket EC17-175)