Alcoa Power Generating has received several FERC approvals, with the most recent one being in 2020 for the relocation of the existing 230-kV transmission line.
The company has also received approval for the installation of a new 230-kV transmission line.
Alcoa Power Generating has a history of working with FERC to ensure compliance with regulatory requirements.
The company's efforts have resulted in the successful completion of various projects, including the installation of a new transmission line.
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FERC Approvals
FERC approved a July application from Alcoa Power Generating Inc., plus Cube Yadkin Generation and Cube Yadkin Transmission, related to the sale of Alcoa hydropower assets in North Carolina.
The approval covers the sale and transfer by Alcoa Power of 100 percent of its ownership interests in the Yadkin Hydroelectric Project and related jurisdictional assets to Genco, and the sale and transfer by Alcoa Power of 100 percent of its ownership interests in certain transmission facilities and related jurisdictional assets to Transco.
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FERC Approves Power Asset Reorganization
FERC has approved the sale of Alcoa's hydropower assets in North Carolina to Genco and Transco.
Alcoa Power Generating Inc. is the unit of Alcoa Inc. that owns and operates transmission facilities throughout the United States.
The Yadkin Hydroelectric Project, which consists of four hydroelectric stations with a total capacity of about 221 MW, is being sold to Genco.
Genco will sell all of the output from the Yadkin Project at wholesale pursuant to its market-based rate authorization.
The Yadkin Project is located near Badin, North Carolina, and is its own balancing authority area.
Transco is being formed to acquire and own the Yadkin Transmission Facilities.
The buyers, Genco and Transco, are units of Cube Hydro Carolinas, which in turn is a unit of Helix Partners.
Helix HoldCo directly owns 98.5 percent of the membership interests in Helix Partners.
I Squared Capital, a private equity investment manager, indirectly controls both ISQ Hydro Aggregator and ISQ Helix Aggregator, which own Helix HoldCo.
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Seeking Long Term License
If you're planning to seek a long-term license from FERC, you'll need to file a formal application with the agency.
The application process typically takes several months to a year or more to complete, so it's essential to start early.
FERC has specific requirements for long-term license applications, including providing detailed information about the project's environmental impact, water quality, and fish passage.
You'll need to conduct extensive environmental studies and gather data on the project's effects on local ecosystems.
This data will be used to assess the project's compliance with FERC's regulations and ensure it meets the agency's environmental standards.
FERC also requires applicants to demonstrate that their project will not harm the environment and will be operated safely.
In addition to environmental considerations, FERC will also review the project's technical and engineering aspects, including its design, construction, and operation.
The agency will assess the project's compliance with FERC's technical requirements and ensure it meets industry standards.
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Once your application is submitted, FERC will review it thoroughly and may request additional information or clarification on certain points.
You can expect the review process to be thorough and may involve public hearings or meetings with stakeholders.
After reviewing your application, FERC will issue a decision on your long-term license, which may include conditions or requirements for the project's operation.
Regulatory Filings
Alcoa Power Generating, Inc. filed a notice with the Federal Energy Regulatory Commission on August 30, 2000.
The filing was in response to the Commission's July 3, 2000, Order on Standards of Conduct, which was published in 88 FERC ¶ 62,173 (1999).
A copy of the filing was served to the service list in this proceeding.
Anyone who wants to be heard or protest the filing should file a motion to intervene or protest with the Federal Energy Regulatory Commission by September 8, 2000.
To file a motion, send it to the Commission at 888 First Street, NE, Washington, DC 20426, in accordance with Rules 211 or 214 of the Commission's Rules of Practice and Procedure.
The filing can also be viewed on the Internet at http://www.ferc.fed.us/online/rims.htm, or by calling 202-208-2222 for assistance.
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