trending Market Intelligence /marketintelligence/en/news-insights/trending/nxfkgkljf9kwj8tbzoncwg2 content esgSubNav
In This List

NextEra plans repowering, internal ownership transfer of Okla. wind facility

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


NextEra plans repowering, internal ownership transfer of Okla. wind facility

NextEra Energy Resources LLC is proposing to transfer the ownership of a 100.8-MW wind facility in Roger Mills and Beckham counties, Okla., from one of its units to another.

The company is repowering facility with a target new nameplate capacity of 106.9 MW. The wind farm is currently owned by Elk Wind II and sells its output into the Southwest Power Pool market.

An application for approval from the Federal Energy Regulatory Commission was filed March 8.

Under the transaction, the proposed new owner Elk Renewables II will assume direct ownership of the power plant after FERC grants its application for market-based rate authority. The transfer could happen at any point during or at the conclusion of the repowering process.

At deal closing, Elk Wind II will terminate its market-based rate authorization and will have no role in operating or selling power from the wind facility.

The companies are seeking FERC approval by April 30. (FERC docket EC18-67)

NextEra Energy Resources is a subsidiary of NextEra Energy Inc.