PSC-25-11-00010-P Review of Wind Generation Facility Ownership Transfer and Restructuring Transactions Among Affiliates of First Wind and NE Wind

6/22/11 N.Y. St. Reg. PSC-25-11-00010-P

NEW YORK STATE REGISTER

VOLUME XXXIII, ISSUE 25

June 22, 2011

RULE MAKING ACTIVITIES

PUBLIC SERVICE COMMISSION

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. PSC-25-11-00010-P

Review of Wind Generation Facility Ownership Transfer and Restructuring Transactions Among Affiliates of First Wind and NE Wind

PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:

Proposed Action:

The Commission is considering a petition addressing review of wind generation facility ownership transfer and restructuring transactions among First Wind Holdings LLC (First Wind), Northeast Wind Holdings LLC (NE Wind) and their affiliates.

Statutory authority:

Public Service Law, sections 2(11), 5(1)(b) and 70

Subject:

Review of wind generation facility ownership transfer and restructuring transactions among affiliates of First Wind and NE Wind.

Purpose:

Consider wind generation facility ownership transfer and restructuring transactions among affiliates of First Wind and NE Wind.

Substance of proposed rule:

The Public Service Commission is considering a petition filed on May 18, 2011 addressing review of wind generation facility ownership transfer and restructuring transactions among First Wind Holdings LLC (First Wind), Northeast Wind Holdings LLC (NE Wind) and their affiliates. Through these transactions, NE Wind would acquire indirect 49% ownership interests in various First Wind affiliates, including Canandaigua Power Partners LLC and Canandaigua Power Partners II LLC, which would be merged into new companies, and which own, respectively, the Cohocton wind project sized at 87.5 and the Dutch Hill wind project sized at 37.5 MW, both located in the Town of Cohocton. The Commission may adopt, reject or modify, in whole or in part, the relief proposed.

Text of proposed rule and any required statements and analyses may be obtained by filing a Document Request Form (F-96) located on our website http://www.dps.state.ny.us/f96dir.htm. For questions, contact:

Leann Ayer, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, [phone], email: [e-mail]

Data, views or arguments may be submitted to:

Jaclyn A. Brilling, Secretary, Public Service Commission, 3 Empire State Plaza, Albany, New York 12223-1350, [phone], email: [e-mail]

Public comment will be received until:

45 days after publication of this notice.

Regulatory Impact Statement, Regulatory Flexibility Analysis, Rural Area Flexibility Analysis and Job Impact Statement

Statements and analyses are not submitted with this notice because the proposed rule is within the definition contained in section 102(2)(a)(ii) of the State Administrative Procedure Act.

(11-E-0253SP1)