Federal Energy Regulatory Commission Authorizes Disposition of Jurisdictional Facilities

Strategic Insights -

The Federal Energy Regulatory Commission (FERC) has issued a delegated order, 192 FERC P 62,110, authorizing the disposition of jurisdictional facilities by Santa Rosa Energy Center, LLC, and AL Santa Rosa, LLC. The order allows NatGen Southeast Power, LLC to sell 100% of its membership interests in Santa Rosa Energy Center Holdings, LLC to AL Santa Rosa, LLC, in a transaction that will have no adverse effect on competition, rates, or regulation.

Key Takeaways:

  • The Proposed Transaction involves the sale of 100% of NatGen's membership interests in Santa Rosa Energy Center Holdings, LLC to AL Santa Rosa, LLC.
  • The jurisdictional facilities involved in the Proposed Transaction include a market-based rate tariff and related agreements, interconnection facilities, and books and records.
  • The Santa Rosa Energy Facility, a 235.9 megawatt natural gas-fired generation facility, will continue to sell its entire output pursuant to two long-term power purchase agreements through December 31, 2049.
  • The Proposed Transaction falls within one of the "safe harbors" established by FERC, exempting the need for detailed explanation and evidentiary support to demonstrate a lack of cross-subsidization.
  • The Commission has determined that the Proposed Transaction will have no adverse effect on competition, rates, or regulation, and is consistent with the public interest.
  • The Proposed Transaction is subject to certain conditions, including the requirement for Applicants to inform the Commission of any material change in circumstances that departs from the facts or representations relied upon in authorizing the Proposed Transaction.
  • The Commission has retained authority to issue supplemental orders as necessary, and Applicants shall make any appropriate filings under section 205 of the FPA to implement the Proposed Transaction.

Statistics:

  • The Santa Rosa Energy Facility has a capacity of 235.9 megawatts.
  • The Proposed Transaction involves a 100% change in ownership of Santa Rosa Energy Center Holdings, LLC.
  • The long-term power purchase agreements have a term of 24 years, through December 31, 2049.
  • The Proposed Transaction does not involve transmission facilities or transmission customers.
  • No comments, protests, or interventions were filed in response to the application.

Sources:

  • Federal Energy Regulatory Commission. (2025, August 25). Order Authorizing Disposition of Jurisidictional Facilities (Docket No. EC25-108-000) [192 FERC P 62,110].