10/12/11 N.Y. St. Reg. PSC-25-11-00010-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
On 9/15/11, the PSC adopted an order approving wind generation facility ownership transfer and restructuring transactions among First Wind Holdings LLC, Northeast Wind Holdings LLC and their affiliates.
Statutory authority:
Public Service Law, sections 2(11), 5(1)(b) and 70
Subject:
Wind generation facility ownership transfer and restructuring transactions.
Purpose:
To approve wind generation facility ownership transfer and restructuring transactions.
Substance of final rule:
The Commission, on September 15, 2011 adopted an order approving First Wind Holdings LLC (First Wind), First Wind Northeast Company LLC, Northeast Wind Partners LLC (NE Partners), CSSW Holdings LLC, CSSW LLC, CSSW Cohocton Holdings LLC, New York Wind LLC, Canandaigua Power Partners LLC (CPP I), Canandaigua Power Partners II LLC (CPP II) and Northeast Wind Holdings LLC (NEW Holdings) for the transfer transaction; CPP I and II, the respective owners of the adjacent Cohocton and Dutch Hill wind generation facilities located in the Town of Cohocton, New York, totaling 125 MW in size, will be merged into new companies. NEW Holdings will acquire from First Wind a 49% indirect interest in CPP I and II and their wind generation assets. First Wind will retain the remaining 51% indirect ownership interest. The complex transfer transactions will be subject to reporting requirements and the terms and conditions set forth in the order.
Final rule as compared with last published rule:
No changes.
Text of rule may be obtained from:
Leann Ayer, Public Service Commission, Three Empire State Plaza, Albany, New York 12223, (518) 486-2655, email:
leann_ayer@dps.state.ny.us An IRS employer ID no. or social security no. is required from firms or persons to be billed 25 cents per page. Please use tracking number found on last line of notice in requests.
Assessment of Public Comment
An assessment of public comment is not submitted with this notice because the rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.
