`
`
`December 21, 2023
`
`
`
`
`VIA Electronic Filing
`
`Kimberly D. Bose, Secretary
`Debbie-Anne A. Reese, Deputy Secretary
`Federal Energy Regulatory Commission
`888 First Street, NE
`Washington, DC 20426
`
`Re: Central Region Triennial Market Power Update
`
`
`
`
`Ashtabula Wind I, LLC, Docket No. ER19-2373-___
`Ashtabula Wind II, LLC, Docket No. ER10-2005-___
`Big Cypress Solar, LLC, Docket No. R23-568-___
`Buffalo Ridge Wind, LLC, Docket No. ER22-2634-___
`Butler Ridge Wind Energy Center, LLC, Docket No. ER10-1841-___
`Cavalry Energy Center, LLC, Docket No. ER23-2324-___
`Cereal City Solar, LLC, Docket No. ER23-2694-___
`Cerro Gordo Wind, LLC, Docket No. ER20-1987-___
`Chicot Solar, LLC, Docket No. ER20-1769-___
`Crowned Ridge Wind, LLC, Docket No. ER19-2461-___
`Crowned Ridge Interconnection, LLC, Docket No. ER20-122-___
`Crystal Lake Wind Energy I, LLC, Docket No. ER19-987-___
`Crystal Lake Wind Energy II, LLC, Docket No. ER19-1003-___
`Crystal Lake Wind Energy III, LLC, Docket No. ER21-1320-___
`Dunns Bridge Energy Storage, LLC, Docket No. ER23-2321-___
`Emmons-Logan Wind, LLC, Docket No. ER19-2437-___
`Endeavor Wind I, LLC, Docket No. ER19-1393-___
`Endeavor Wind II, LLC, Docket No. ER19-1394-___
`Florida Power & Light Company, Docket No. ER10-1852-___
`FPL Energy North Dakota Wind, LLC, Docket No. ER10-1907-___
`FPL Energy North Dakota Wind II, LLC, Docket No. ER10-1918-___
`Garden Wind, LLC, Docket No. ER10-1950-___
`Hancock County Wind, LLC, Docket No. ER19-2398-___
`Heartland Divide Wind II, LLC, Docket No. ER21-1953-___
`Heartland Divide Wind Project, LLC, Docket No. ER18-2246-___
`Jordan Creek Wind Farm LLC, Docket No. ER20-2690-___
`Kossuth County Wind, LLC, Docket No. ER22-2536-___
`Langdon Renewables, LLC, Docket No. ER18-1771-___
`Marshall Solar, LLC, Docket No. ER16-1872-___
`NextEra Energy Duane Arnold, LLC, Docket No. ER10-1970-___
`
`801 Pennsylvania Ave., N.W., Suite 220, Washington, DC 20004
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`

`

`Kimberly D. Bose, Secretary
`Debbie-Anne A. Reese, Deputy Secretary
`December 21, 2023
`Page 2
`
`
`NextEra Energy Marketing, LLC, Docket No. ER17-838-___
`NextEra Energy Point Beach, LLC, Docket No. ER10-1972-___
`NEPM II, LLC, Docket No. ER11-4462-___
`Oliver Wind Energy Center II, LLC, Docket No. ER20-1220-___
`Oliver Wind I, LLC, Docket No. ER20-1879-___
`Oliver Wind III, LLC, Docket No. ER16-2506-___
`Pegasus Wind, LLC, Docket No. ER18-2224-___
`Pheasant Run Wind, LLC, Docket No. ER13-2461-___
`Point Beach Solar, LLC, Docket No. ER21-2100-___
`Sac County Wind, LLC, Docket No. ER21-2048-___
`Story County Wind, LLC, Docket No. ER19-2382-___
`Stuttgart Solar, LLC, Docket No. ER17-2270-___
`Tuscola Bay Wind, LLC, Docket No. ER12-1660-___
`Tuscola Wind II, LLC, Docket No. ER13-2458-___
`Walleye Wind, LLC, Docket No. ER22-2601-___
`White Oak Energy LLC, Docket No. ER10-2078-___
`
`
`Dear Ms. Bose and Ms. Reese:
`
`Pursuant to the requirements of Section 35.37(a)(1) of the Regulations of the Federal
`Energy Regulatory Commission (“Commission”) and Order No. 697,1 Ashtabula Wind II, LLC,
`Ashtabula Wind I, LLC, Big Cypress Solar, LLC, Buffalo Ridge Wind, LLC, Butler Ridge Wind
`Energy Center, LLC, Cavalry Energy Center, LLC,2 Cereal City Solar, LLC, Cerro Gordo Wind,
`LLC, Chicot Solar, LLC, Crowned Ridge Interconnection, LLC, Crowned Ridge Wind, LLC,
`Crystal Lake Wind Energy III, LLC, Crystal Lake Wind Energy II, LLC, Crystal Lake Wind
`Energy I, LLC, Dunns Bridge Energy Storage, LLC, Emmons-Logan Wind, LLC, Endeavor
`Wind II, LLC, Endeavor Wind I, LLC, Florida Power & Light Company, FPL Energy North
`Dakota Wind II, LLC, FPL Energy North Dakota Wind, LLC, Garden Wind, LLC, Hancock
`County Wind, LLC, Heartland Divide Wind II, LLC, Heartland Divide Wind Project, LLC,
`Jordan Creek Wind Farm LLC, Kossuth County Wind, LLC, Langdon Renewables, LLC,
`Marshall Solar, LLC, NextEra Energy Duane Arnold, LLC, NextEra Energy Marketing, LLC,
`NextEra Energy Point Beach, LLC, NEPM II, LLC, Oliver Wind Energy Center II, LLC, Oliver
`Wind III, LLC, Oliver Wind I, LLC, Pegasus Wind, LLC, Pheasant Run Wind, LLC, Point
`Beach Solar, LLC, Sac County Wind, LLC, Story County Wind, LLC, Stuttgart Solar, LLC,
`Tuscola Bay Wind, LLC, Tuscola Wind II, LLC, Walleye Wind, LLC, and White Oak Energy
`LLC (collectively the “NextEra Companies” or “Applicants”), hereby submit for filing their
`
`Market-Based Rates for Wholesale Sales of Elec. Energy, Capacity and Ancillary Servs. by Pub. Utils.,
`1
`Order No. 697, FERC Stats. & Regs. ¶ 31,252 (“Order No. 697”), clarified, 121 FERC ¶ 61,260 (2007) (“Order
`Clarifying Final Rule”), order on reh’g and clarification, Order No. 697-A, FERC Stats. & Regs ¶ 31,268, order on
`reh’g and clarification, 124 FERC ¶ 61,055 (2008), order on reh’g, Order No. 697-B, 125 FERC ¶ 61,326 (2008),
`order on reh’g, Order No. 697-C, 74 Fed. Reg. 30924 (June 29, 2009).
`2
`On November 3, 2023, the Commission authorized a transaction pursuant to which a wholly-owned
`subsidiary of NextEra Energy Resources, LLC will sell its interest in Cavalry Energy Center to Norther Indiana
`Public Service Company LLC (“NIPSCO”). See Cavalry Energy Center, LLC, et al., 185 FERC ¶ 62,062 (2023).
`The transaction has not yet closed. Nevertheless, NIPSCO will likely own the facility prior to the Commission
`issuing an order on this market power update.
`
`
`
`

`

`I.
`
`Kimberly D. Bose, Secretary
`Debbie-Anne A. Reese, Deputy Secretary
`December 21, 2023
`Page 3
`
`triennial market power update for the Central Region with respect to each company’s authority,
`as applicable, to sell energy, capacity, and ancillary services at market-based rates.
`
`
`As outlined below, the NextEra Companies submit that they continue to satisfy the
`requirements for market-based rate authorization in all of the relevant markets encompassed
`within the Central Region, as addressed herein, and thus request that the Commission issue an
`order accepting this filing in compliance with the Commission’s guidelines in Order No. 697 and
`Order No. 816.3
`
`As required by Commission orders, the NextEra Companies through separate eTariff
`filings will revise any of their MBR tariffs that do not currently include the assigned
`Commission docket numbers in which MBR authority was granted
`
`DESCRIPTION OF THE NEXTERA COMPANIES AND AFFILIATES
`
`A. NextEra Energy, Inc. and NextEra Energy Partners, LP
`
`NextEra Energy, Inc. (“NextEra”) is one of the leading energy holding companies in the
`United States, and is publicly traded on the New York Stock Exchange.4 Its operations are
`conducted primarily through three business units: NextEra Energy Resources, LLC (“NextEra
`Resources”), Florida Power & Light Company (“FPL”), and NextEra Energy Transmission, LLC
`(“NextEra Energy Transmission”).
`
`NextEra Resources is the competitive power subsidiary NextEra. NextEra Resources’
`subsidiaries own or operate merchant generating facilities in 38 States and Canada, with a
`combined net generating capacity of approximately 30,500 MW, including interests in some
`facilities owned by NextEra Energy Partners, LP (“NEP”). These subsidiaries own various
`interconnection facilities used solely for connecting generating facilities to the transmission grid.
`
`NEP is a “yieldco” and acquires, manages and owns contracted clean energy projects
`with stable, long-term cash flows, and may from time-to-time acquire other assets such as the
`Hinshaw pipelines described above. Approximately 47.31% of the voting interests in NEP are
`traded in the form of “Common Units” on the New York Stock Exchange.5 The Common Units
`represent 100% of the economic interests in NEP. The remaining approximately 51.48% of the
`
`
`3
`Refinements to Policies and Procedures for Market-Based Rates for Wholesale Sales of Electric Energy,
`Capacity and Ancillary Services by Public Utilities, Order No. 816, 153 FERC ¶ 61,065 (2015), 153 FERC ¶ 61,065
`(2015), order on reh’g, Order No. 816-A, 155 FERC ¶ 61,188 (2016).
`4
`On November 3, 2023, The Vanguard Group, Inc. (“Vanguard”) reported on behalf of its subsidiaries and
`affiliated investment companies and funds that as of September 30, 2023, the Vanguard Complex held 10.86% of
`the outstanding shares of NextEra Energy, Inc., making Vanguard under the Commission’s regulations the Ultimate
`Upstream Affiliate of NextEra Energy, Inc. The NextEra Companies do not have knowledge of the actual number
`of outstanding shares currently held by the Vanguard Complex, including whether the Vanguard Complex’s
`holdings remain above 10%.
`5
`Common Unit Holdings, LLC, a wholly-owned direct subsidiary of NextEra Resources, holds
`approximately 1.22% of the NEP’s publicly traded Common Units.
`
`
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`

`

`Kimberly D. Bose, Secretary
`Debbie-Anne A. Reese, Deputy Secretary
`December 21, 2023
`Page 4
`
`voting interests in NEP are currently held by NextEra Energy Equity Partners, LP (“NEE
`Equity”) in the form of Special Voting Units. NEE Equity is an indirect, wholly-owned
`subsidiary of NextEra Resources.6 NEP governance changes enacted in 2017 provide for
`Common Unitholders to vote for a majority of a board of directors of NEP (the “Board”), and
`delegate substantially all management power and authority over NEP’s business and affairs to
`the Board, except for limited powers, such as the determination of certain tax matters and the
`adoption of certain amendments to the Partnership Agreement. NEP owns or co-owns
`generation and batter energy storage facilities with NextEra Resources, with NEP’s ownership
`interests totaling approximately 10,112 MW.
`
`NextEra also owns Florida Power & Light Company (“FPL”), a franchised public utility
`that provides wholesale and retail electric service to customers in the State of Florida. FPL owns
`approximately 32,500 MW of net generating capacity in peninsular Florida and the Florida
`Panhandle, and has been granted market-based rate authority in certain balancing authority
`areas.7 FPL’s transmission facilities in peninsular Florida are administered pursuant to the FPL
`Open Access Transmission Tariff (“OATT”), which is on file with the Commission.8
`
`Additionally, NextEra owns NextEra Energy Transmission, LLC (“NextEra Energy
`Transmission”), which directly or indirectly owns New Hampshire Transmission, LLC (“NHT”),
`Trans Bay Cable LLC (“Trans Bay”), Horizon West Transmission, LLC (“Horizon West”),
`NextEra Energy Transmission MidAtlantic Indiana, Inc. (“NEET MidAtlantic Indiana”),
`NextEra Energy Transmission New York, Inc. (“NEETNY”), GridLiance West, LLC
`(“GridLiance West”), GridLiance Heartland LLC (“GridLiance Heartland”), and GridLiance
`High Plains LLC (“GridLiance HP” and together with GridLiance West and GridLiance
`Heartland, the “GridLiance Entities”):9
`
`• NHT is an electric utility that owns a single transmission asset, the Seabrook Substation,
`located in Seabrook, New Hampshire. NHT provides wholesale transmission service to
`its affiliate, NextEra Energy Seabrook, LLC, through a Local Network Service Tariff on
`file with the Commission.10 ISO New England Inc. has operational control of the
`regional transmission facilities associated with the Seabrook Substation.11
`• Trans Bay is a public utility and owns and operates a 53-mile, approximately 400 MW
`high-voltage direct current submarine transmission line buried beneath the San Francisco
`Bay (“Trans Bay Cable”).12 The Trans Bay Cable is under the California Independent
`
`
`Together with Common Unit Holdings, LLC, NextEra Resources beneficially owns approximately 54.1%
`of NEP’s voting power.
`Florida Power & Light Co., 81 FERC ¶ 61,107 (1997).
`FPL FERC Electric Tariff, 2nd Revised Volume No. 6.
`Other NextEra Energy Transmission subsidiaries have submitted formula rate templates with the
`Commission: NextEra Energy Transmission Midwest, LLC and NextEra Energy Transmission Southwest,
`LLC. None of these entities currently own, control, or operate transmission facilities.
`New Hampshire Transmission, LLC, FERC Electric Tariff No. 3.
`See ISO New England Inc., FERC Electric Tariff No. 3, Schedule 21 NHT, Original Sheet No. 4200.
`See NextEra Energy Transmission, LLC, 166 FERC ¶ 61,188 (2019).
`
`6
`
`7
`8
`9
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`10
`11
`12
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`

`

`Kimberly D. Bose, Secretary
`Debbie-Anne A. Reese, Deputy Secretary
`December 21, 2023
`Page 5
`
`
`System Operator’s (“CAISO”) operational control, and service is provided pursuant to
`the CAISO OATT.
`• Horizon West is a public utility that owns and operates the Suncrest project, a 230 kV
`+300/-100 MVAr Dynamic Reactive Power Support Project in southern California. The
`Suncrest project is under the CAISO’s operational control, and service is provided
`pursuant to the CAISO OATT.
`• NEET MidAtlantic Indiana owns approximately 20 miles of 345 kV transmission lines,
`and related equipment, which is under PJM Interconnection, L.L.C.’s (“PJM”)
`operational control, and service is provided pursuant to the PJM OATT.
`• NEETNY owns the Empire State Line, a 20-mile, 345 kV transmission line, and related
`equipment, which is under the New York Independent System Operator, Inc’s
`(“NYISO”) operational control, and service is provided pursuant to the NYISO OATT.
`• GridLiance West owns and operates a High Voltage Transmission System (“HVTS”)
`consisting of approximately 165 miles of 230-kV transmission lines and related
`substation infrastructure that runs through rural Southern Nevada. The HVTS has been
`incorporated into the CAISO-controlled grid and is subject to the terms of the CAISO
`OATT.13
`• GridLiance Heartland owns and operates six 161 kV transmission lines ranging from
`eight to ten miles in length, two 161 kV substations, and associated auxiliary equipment
`in Kentucky and Illinois, which are under Midcontinent Independent System Operator,
`Inc.’s (“MISO”) functional control.14
`• GridLiance HP owns and operates transmission assets in Oklahoma and Kansas. In
`Oklahoma, GridLiance HP owns approximately 424 miles of transmission lines and other
`facilities operated at 115 kV and 69 kV which are subject to GridLiance HP’s OATT15
`and a Wholesale Distribution Service Agreement and Wholesale Distribution Operating
`Agreement between GridLiance HP and Tri-County.16 In Kansas, GridLiance HP owns a
`65% interest in the City of Winfield, Kansas’ 69 kV transmission system and related-
`substation equipment, which are under Southwest Power Pool, Inc.’s (“SPP”) control and
`subject to the SPP OATT as part of Zone 14.17
`
`NextEra and NEP, through their subsidiaries, hold interests in several FERC-regulated
`interstate natural gas pipelines.18 NextEra indirectly owns 42.5% of Sabal Trail Transmission,
`LLC (“Sabal Trail”). Sabal Trail is an approximately 515-mile long interstate natural gas
`
`See GridLiance West Transco LLC, 160 FERC ¶ 61,002 (2017).
`See NextEra Energy Transmission, LLC, 170 FERC ¶ 61,072 (2020).
`On August 17, 2018, the Commission conditionally accepted GridLiance HP’s OATT to provide wholesale
`distribution service. South Central MCN, LLC, 164 FERC ¶ 61,114 (2018); See also Southwest Power
`Pool, Inc., 180 FERC ¶ 61,192 (2022) (finding that SPP and GridLiance HP have not demonstrated that the
`proposed Tariff revisions to incorporate the GridLiance HP facilities and associated ATRR into Zone 11
`are just and reasonable).
`South Central MCN, LLC, 154 FERC ¶ 61,090 (2016).
`GridLiance High Plains LLC, Delegated Letter Order, Docket No. ER20-2195-000 (issued Aug. 25, 2020).
`See Florida Southeast Connection, LLC et al., 154 FERC ¶ 61,080, order on reh’g, 156 FERC ¶ 61,160
`(2016).
`
`13
`14
`15
`
`16
`17
`18
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`

`

`Kimberly D. Bose, Secretary
`Debbie-Anne A. Reese, Deputy Secretary
`December 21, 2023
`Page 6
`
`pipeline that begins in Alabama and terminates in central Florida. NextEra also indirectly owns
`100% of Florida Southeast Connection, LLC (“FSC”). FSC is an approximately 164-mile long
`interstate natural gas pipeline that interconnects with Sabal Trail in central Florida and
`terminates in Riviera Beach, Florida. Finally, NEP indirectly owns Meade Pipeline Co. LLC
`(“Meade”), which owns a 39.2% undivided interest in approximately 185-miles of interstate
`natural gas pipeline facilities in Pennsylvania. Meade leases 100% of its facilities to
`Transcontinental Gas Pipe Line Corporation, LLC which operates the pipeline facilities.
`
`Finally, NEP and NextEra indirectly own a number of Hinshaw Pipelines that are exempt
`from Commission jurisdiction pursuant to Section 1(c) of the Natural Gas Act. NET Midstream,
`LLC owns or controls seven intrastate pipelines in Texas and one pipeline in Louisiana. NET
`Mexico Pipeline Partners, LLC (“NET Mexico”) owns an approximately 120-mile long pipeline
`from Agua Dulce, Texas to the U.S.-Mexico border near Rio Grande City, Texas. In addition to
`providing intrastate service, NET Mexico also has authority to transport gas in interstate
`commerce under Section 311 of the Natural Gas Policy Act of 1978 subject to Commission
`jurisdiction (“311 Service”). Eagle Ford Midstream, LP (“EFM”) owns an approximately 166-
`mile long pipeline in LaSalle, McMullen, Duval, Jim Wells and Nueces Counties, Texas. EFM
`provides both intrastate and 311 Service. LaSalle Pipeline, LP owns a 52-mile long pipeline
`from Tilden, Texas to Pearsall, Texas that serves South Texas Electric Cooperative’s (“STEC”)
`Pearsall electric plant. South Shore Pipeline L.P. owns an approximately 26-mile long pipeline
`that serves the City of Corpus Christi, Texas. Mission Valley Pipeline Company, LP owns a 0.5
`long pipeline in Nursery, Texas that serves STEC’s Sam Rayburn Power Plant. Red Gate
`Pipeline, LP owns an approximately 26-mile long pipeline that interconnects to NET Mexico in
`Hidalgo County, Texas and serves STEC’s Red Gate Power Plant. Mission Natural Gas
`Company, LP owns an approximately 1.3-mile long pipeline in West Feliciana Parish, Louisiana
`that runs from an interconnection with Texas Eastern Gas Transmission, LLC to an ultimate
`industrial user where it delivers all of its gas.19 In addition, NextEra also owns NextEra Energy
`Pipeline Holdings (Lowman), LLC (“Lowman Pipeline”). Lowman Pipeline owns an
`approximately 51-mile long pipeline in Choctaw and Washington Counties, Alabama that
`delivers gas from an interconnection with two interstate natural gas pipelines near Butler,
`Alabama to a gas-fired generation plant currently under construction near Leroy, Alabama.
`
`B. Entities with Market-Based Rate Authority Included in this Filing
`
`The Commission requires new and existing market-based rate sellers to provide written
`descriptions of their affiliates and corporate structure or upstream ownership for initial
`applications for market-based rate authority, updated market power analyses and notices of
`change in status as a result of new affiliations.20 The following is a brief description of the
`NextEra Companies operating in Central Region, all of which are located in the MISO balancing
`authority area (“BAA”):
`
`
`
`
`
`An agreement to sell the assets owned directly or indirectly by NET Midstream, LLC and NET Mexico is
`19
`expected to close in late December 2023 or early January 2024.
`20
`See Order No. 697-A at P 181 and n.258.
`
`
`
`

`

`Kimberly D. Bose, Secretary
`Debbie-Anne A. Reese, Deputy Secretary
`December 21, 2023
`Page 7
`
`
`Ashtabula Wind, LLC (“Ashtabula”). Ashtabula owns and operates a 148.5 MW wind
`powered generation facility located in Barnes County, North Dakota, in the MISO BAA.
`Ashtabula is authorized by the Commission to sell power at market-based rates.21 All of
`Ashtabula’s capacity is fully committed on a firm basis through two long-term contracts with
`unaffiliated third parties.
`
`
`Ashtabula is a wholly-owned direct subsidiary of Wildflower Wind, LLC (“Wildflower
`Wind”). Pursuant to a tax equity financing, the Class B membership interests in Wildflower
`Wind are owned by JPM Capital Corporation, which ownership interests consist solely of
`passive rights that are necessary to protect its investments and do not confer control. Ninety-five
`(95%) percent of the Class A membership interests in Wildflower Wind are owned by
`Wildflower Wind Portfolio, LLC (“Wildflower Wind Portfolio”), and the remaining 5%
`managing member interest is held by Wildflower Wind Class A Holdings, LLC, which in turn is
`a wholly-owned direct subsidiary of Wildflower Wind Holdings, LLC (Wildflower Wind
`Holdings”). Both Wildflower Wind Holdings and Wildflower Wind Portfolio are wholly-owned
`direct subsidiary of Wildflower Wind Funding, LLC, which in turn is a wholly-owned direct
`subsidiary of ESI Energy, LLC (“ESI Energy”). ESI Energy is a wholly-owned direct subsidiary
`of NextEra Resources, which in turn is a wholly-owned direct subsidiary of NextEra Energy
`Capital Holdings, Inc. (“NextEra Capital Holdings”), which in turn is a wholly-owned direct
`subsidiary of NextEra.
`
`Ashtabula Wind II, LLC (“Ashtabula II”). Ashtabula II owns and operates a 120 MW
`wind-powered generation facility located in Griggs County and Steele County, North Dakota, in
`the MISO BAA. Ashtabula II is authorized by the Commission to sell power at market-based
`rates.22 All of Ashtabula II’s capacity is fully committed on a firm basis through two long-term
`contracts with unaffiliated third parties.
`
`
`Ashtabula II is a wholly-owned direct subsidiary of NEP Renewables II, LLC (“NEP
`Renewables II”). The Class A and managing member of NEP Renewables II is NEP Renewables
`Holdings II, LLC (“NEP Renewables Holdings II”), which in turn is a wholly-owned direct
`subsidiary of NextEra Energy Partners Acquisitions, LLC (“NEP Acquisitions”). NEP
`Acquisitions is a wholly-owned direct subsidiary of NextEra Energy US Partners Holdings, LLC
`(“NEP US Holdings”), which in turn is a wholly-owned direct subsidiary of NextEra Energy
`Operating Partners, LP (“OpCo”). An organizational chart of OpCo’s upstream ownership is
`provided herein as Exhibit 1. The Class B membership interest in NEP Renewables II is
`Nitrogen TL Borrower, LLC (“Nitrogen TL”), which is a wholly-owned subsidiary of KKR &
`Co. Inc. (“KKR”), and which ownership interests consist solely of passive rights that are
`necessary to protect its investments and do not confer control.
`
`Big Cypress Solar, LLC (“Big Cypress Solar”). Big Cypress Solar owns and operates a
`solar generating facility with approximately 180 MW aggregate nameplate capacity, located in
`Crittenden County, Arkansas, in the MISO BAA. Big Cypress Solar is authorized by the
`
`See Ashtabula Wind, LLC, Docket No. ER08-1297-000, Letter Order (issued Sept. 29, 2008).
`See Ashtabula Wind II, LLC, Docket No. ER09-1656-000, Letter Order (issued Nov. 11, 2009).
`
`21
`22
`
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`

`

`Kimberly D. Bose, Secretary
`Debbie-Anne A. Reese, Deputy Secretary
`December 21, 2023
`Page 8
`
`Commission to sell power at market-based rates.23 Big Cypress Solar is party to three long-term
`contracts with unaffiliated third parties.
`
`
`Big Cypress Solar is a wholly-owned direct subsidiary of Golden Horizon Renewables,
`LLC (“Golden Horizon Renewables”). Pursuant to a tax equity financing, the Class B
`membership interests in Golden Horizon Renewables is owned by Wells Fargo Bank, N.A.
`(“Wells Fargo Bank”), which ownership interests consist solely of passive rights that are
`necessary to protect its investments and do not confer control. The Class A membership interests
`in Golden Horizon Renewables is owned by Golden Horizon Class A Holdings, LLC (“Golden
`Horizon Class A Holdings”), which in turn is a wholly-owned direct subsidiary of Golden
`Horizon Funding, LLC (“Golden Horizon Funding”), which in turn is a wholly-owned direct
`subsidiary of ESI Energy. ESI Energy is a wholly-owned direct subsidiary of NextEra
`Resources, which in turn is a wholly-owned direct subsidiary of NextEra Capital Holdings,
`which in turn is a wholly-owned direct subsidiary of NextEra.
`
`
`Buffalo Ridge Wind, LLC (“Buffalo Ridge Wind”). Buffalo Ridge Wind owns and
`operates a 105.5 MW wind-powered facility in Lincoln County, Minnesota, in the MISO BAA.
`Buffalo Ridge Wind is authorized by the Commission to sell power at market-based rates.24 All
`of Buffalo Ridge Wind’s capacity is fully committed on a firm basis through a long-term
`contract with an unaffiliated third party.
`Buffalo Ridge Wind is a wholly-owned direct subsidiary of Asher, LLC (“Asher”).
`Pursuant to a tax equity financing, the Class B membership interests in Asher is owned by
`JPMorgan Chase Bank, N.A. (“JPMorgan Chase Bank”), which ownership interests consist
`solely of passive rights that are necessary to protect its investments and do not confer control.
`The Class A membership interests in Asher is owned by Asher Class A Holdings, LLC (“Asher
`Class A Holdings”), which in turn is a wholly-owned direct subsidiary of Asher Portfolio, LLC
`(“Asher Portfolio”), which in turn is a wholly-owned direct subsidiary of Asher Funding, LLC
`(“Asher Funding”), which in turn is a wholly-owned direct subsidiary of ESI Energy. ESI
`Energy is a wholly-owned direct subsidiary of NextEra Resources, which in turn is a wholly-
`owned direct subsidiary of NextEra Capital Holdings, which in turn is a wholly-owned direct
`subsidiary of NextEra.
`
`
`Butler Ridge Wind Energy Center, LLC (“Butler Ridge”). Butler Ridge owns and
`operates a 54 MW wind-powered generation facility located in Dodge County, Wisconsin, in the
`MISO BAA. Butler Ridge is authorized by the Commission to sell power at market-based
`rates.25 The output of the Butler Ridge facility is fully committed under long-term contract to an
`unaffiliated third party.
`
`Butler Ridge is a wholly-owned direct subsidiary of Redwood Trails Wind, LLC, which
`in turn is a wholly-owned direct subsidiary of Redwood Trails Wind Holdings, LLC, which in
`
`See Big Cypress Solar, LLC, Docket No. ER23-568-000, Letter Order (issued Jan. 30, 2023).
`23
`See Buffalo Ridge Wind, LLC, Docket No. ER22-2634-000, Letter Order (issued Oct. 6, 2022).
`24
`See High Majestic Wind Energy Center, LLC, et al., Docket No. ER10-1-000 et al., Letter Order (issued
`25
`Dec. 3, 2010).
`
`
`
`

`

`Kimberly D. Bose, Secretary
`Debbie-Anne A. Reese, Deputy Secretary
`December 21, 2023
`Page 9
`
`turn is a wholly-owned direct subsidiary of Redwood Trails Portfolio, LLC, which in turn is a
`wholly-owned direct subsidiary of ESI Energy. ESI Energy is a wholly-owned direct subsidiary
`of NextEra Resources, which is a wholly-owned direct subsidiary of NextEra Capital Holdings,
`which in turn is a wholly-owned direct subsidiary of NextEra.
`
`Cavalry Energy Center, LLC (“Cavalry Energy Center”).26 Cavalry Energy Center owns
`and operates a solar photovoltaic generating facility with approximately 200 MW nameplate
`capacity and a 60 MW battery energy storage system and related interconnection facilities
`located in White County, Indiana, in the MISO BAA. Cavalry Energy Center is authorized by
`the Commission to sell power at market-based rates.27 All of Cavalry Energy Center’s capacity
`is fully committed on a firm basis through a long-term contract with an unaffiliated third party.
`
`
`Cavalry Energy Center is a wholly-owned direct subsidiary of Cavalry Energy Center
`Holdings, LLC, which in turn is a wholly-owned direct subsidiary of ESI Energy. ESI Energy is
`a wholly-owned direct subsidiary of NextEra Resources, which is a wholly-owned direct
`subsidiary of NextEra Capital Holdings, which in turn is a wholly-owned direct subsidiary of
`NextEra.
`
`Cereal City Solar, LLC (“Cereal City Solar”). Cereal City Solar owns and operates a
`solar photovoltaic generating facility with approximately 100 MW aggregate nameplate capacity
`and related interconnection facilities located in Calhoun County, Michigan, in the MISO BAA.
`Cereal City Solar is authorized by the Commission to sell power at market-based rates.28 All of
`Cereal City Solar’s capacity is fully committed on a firm basis through a long-term contract with
`an unaffiliated third party.
`
`Cereal City Solar is a wholly-owned direct subsidiary of ESI Energy. ESI Energy is a
`wholly-owned direct subsidiary of NextEra Resources, which is a wholly-owned direct
`subsidiary of NextEra Capital Holdings, which in turn is a wholly-owned direct subsidiary of
`NextEra.
`
`
`Cerro Gordo Wind, LLC (“Cerro Gordo Wind”). Cerro Gordo Wind owns and operates a
`40 MW wind-powered generation facility in Cerro Gordo County, Iowa, in the MISO BAA.
`Cerro Gordo Wind is authorized by the Commission to sell power at market-based rates.29 The
`output of the Cerro Gordo Wind facility is fully committed under a long-term contract to an
`unaffiliated third party.
`
`
`Cerro Gordo Wind is a wholly-owned direct subsidiary of Rose Wind, LLC (“Rose
`Wind”). Pursuant to a tax equity financing, the Class B membership interests in Rose Wind are
`owned by JPM Capital Corporation, which ownership interests consist solely of passive rights
`that are necessary to protect its investments and do not confer control. The Class A membership
`
`See supra note 2 (discussing proposed transaction to sell Cavalry Energy Center to NIPSCO).
`See Cavalry Energy Center, LLC, Docket No. ER23-2324-000, Letter Order (issued Aug. 23, 2023).
`See Cereal City Solar, LLC, Docket No. ER23-2324-000, Letter Order (issued Oct. 11, 2023).
`See Cerro Gordo Wind, LLC, Docket No. ER20-1987-000, Letter Order (issued Sep. 14, 2020).
`
`26
`27
`28
`29
`
`
`
`

`

`Kimberly D. Bose, Secretary
`Debbie-Anne A. Reese, Deputy Secretary
`December 21, 2023
`Page 10
`
`interests in Rose Wind are owned by Rose Wind Class A Holdings, LLC (Rose Wind Class A
`Holdings”), which in turn is a wholly-owned direct subsidiary of Rose Wind Holdings, LLC
`(“Rose Wind Holdings”), which in turn is a wholly-owned direct subsidiary of Rose Wind
`Funding, LLC (“Rose Wind Funding”), which in turn is a wholly-owned direct subsidiary of ESI
`Energy. ESI Energy is a wholly-owned direct subsidiary of NextEra Resources, which in turn is
`a wholly-owned direct subsidiary of NextEra Capital Holdings, which in turn is a wholly-owned
`direct subsidiary of NextEra.
`
`
`Chicot Solar, LLC (“Chicot Solar”). Chicot Solar owns and operates a 100 MW wind-
`powered generation facility in Chicot County, Arkansas, in the MISO BAA. Chicot Solar is
`authorized by the Commission to sell power at market-based rates.30 The output of the Chicot
`Solar facility is fully committed under long-term contract to an unaffiliated third party.
`
`
`Chicot Solar is a wholly-owned direct subsidiary of Chicot Solar Holdings, LLC (“Chicot
`Holdings”). The Class A and Class B membership interests in Chicot Holdings are held by
`Renewable Portfolio Holdings, LLC (“Renewable Portfolio Holdings”), and the Class C
`membership Interest is held by ESI Energy. Renewable Portfolio Holdings is a wholly-owned
`direct subsidiary of ESI Energy. ESI Energy is a wholly-owned direct subsidiary of NextEra
`Resources, which is a wholly-owned direct subsidiary of NextEra Capital Holdings, which in
`turn is a wholly-owned direct subsidiary of NextEra.
`
`Crowned Ridge Wind, LLC (“Crowned Ridge”). Crowned Ridge owns and operates a
`200 MW wind-powered generation facility in Codington and Grant Counties, South Dakota, in
`the MISO BAA. Crowned Ridge is authorized by the Commission to sell power at market-based
`rates.31 The output of the Chicot Solar facility is fully committed under long-term contract to an
`unaffiliated third party.
`
`
`Crowned Ridge is a wholly-owned direct subsidiary of Great Plains Wind, LLC (“Great
`Plains Wind”). Pursuant to a tax equity financing, the Class A membership interests in Great
`Plains Wind are held by Great Plains Wind Portfolio, LLC (“Great Plains Wind Portfolio”),
`which holds a 95% Class A membership interest, and Great Plains Wind Class A Holdings, LLC
`(“Great Plains Wind Class A Holdings”), which holds a 5% managing member interest. The
`Class B membership interest in Great Plains Wind are held by (i) JPM Capital Corporation,
`which holds a 45% Class B membership interest, (ii) Wells Fargo Central Pacific Holdings, Inc.
`(“Wells Fargo Pacific Holdings”), which holds a 40% Class B membership interest, and (iii)
`Citicorp North America, Inc., which holds a 15% Class B membership interest, which ownership
`interests consist solely of passive rights that are necessary to protect their investments and do not
`confer control. Both Great Plains Wind Portfolio and Great Plains Wind Class A Holdings are
`wholly-owned direct subsidiaries of Great Plains Wind Funding, LLC, which in turn is a wholly-
`owned direct subsidi