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Constellation seeks FERC nod to sell interest in Ga. biomass plant

An Exelon Generation Co. LLC unit is planning to sell 49.5% of its class A membership interests in the 46-MW Albany Green Energy biomass power plant to a newly-formed affiliate of DCO Energy LLC.

In an Aug. 11 application, Constellation Energy Resources LLC requested approval from the Federal Energy Regulatory Commission to sell 49% of its equity interest in the facility.

Upon deal close, the newly-formed entity will own 49.5% class A membership stake while Constellation will retain a 50.5% class A membership interest in the facility. DCO Energy's 1% equity interest and 100% class B membership interest in the facility will remain unchanged.

The project, located in Dougherty County, Georgia, reached commercial operation on July 6 and sells its output to Georgia Power Co. under a power contract expiring Nov. 30, 2035.

FERC is requested to issue an order by Sept. 25. (FERC docket EC17-157)

Exelon Generation is a wholly owned subsidiary of Exelon Corp., while Georgia Power is a subsidiary of Southern Co.