trending Market Intelligence /marketintelligence/en/news-insights/trending/nbRJSco_-3nsejv4Mg67SQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Xcel Energy updates proposal to acquire 2 wind farms in Minnesota

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Xcel Energy updates proposal to acquire 2 wind farms in Minnesota

Xcel Energy Inc. is requesting the Federal Energy Regulatory Commission approve a restructured form of the company's May 13 application to purchase the 50-MW Jeffers Wind and 30-MW Community Wind North projects from Longroad Energy Holdings LLC.

Under the previous application, which FERC approved on July 17, Xcel Energy subsidiary Northern States Power Co. - Minnesota will acquire the wind facilities. (FERC docket EC19-89)

Under the new application filed Oct. 18, an indirect subsidiary of Xcel Energy that is yet to be formed will purchase the wind projects, and Northern States Power will continue to receive the output of the projects under 20-year contracts. This approach allows Xcel Energy shareholders, not Northern States Power ratepayers, to bear acquisition-related risks, the company said. (FERC docket EC20-11)

The restructured application intends to facilitate the purchase of the wind farms in case the Minnesota Public Utilities Commission rejects the previous proposal.

"Xcel Energy is confident that the project companies would be beneficial acquisitions regardless of whether they are owned by [Northern States Power] or a different subsidiary of Xcel Energy," the company said in its application to FERC.

The new proposal also involves a multi-step process which includes Longroad Energy subsidiary Mission Community Wind North LLC, which currently owns 49% of the governance interests in Community Wind North, acquiring the remaining 51% interest from Norgaard Community Turbines LLC.

FERC is requested to approve the new proposal by Dec. 17 to allow Longroad Holdings to secure financing for the repowering of the two wind projects in time for the target commercial operation date in 2020.