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Exelon closes sale of passive stake in Okla. wind project

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Exelon closes sale of passive stake in Okla. wind project

Exelon Wind LLC has closed the sale of indirect, noncontrolling passive equity interests in the 198-MW Bluestem wind project in Oklahoma to BAL Investment & Advisory Inc. and Antrim Corp. or their affiliates, according to a Dec. 29 FERC filing.

The Beaver County-based project is linked to a transmission system owned by OGE Energy Corp. subsidiary Oklahoma Gas and Electric Co. and operated by Southwest Power Pool Inc. The facility will sell power to Google Inc. subsidiary Google Energy under a long-term power purchase agreement.

The deal earned FERC approval on Dec. 9 and the parties closed the transaction Dec. 22. Financial terms were not disclosed. (FERC docket EC17-22)