Caption: Panda Liberty Power Project
Panda Liberty LLC, which is developing a 765-MW power plant in Pennsylvania, filed on June 2 with the Federal Energy Regulatory Commission for various approvals, including authorization to make wholesale sales of electric energy, capacity, and ancillary services at market-based rates.
Panda Liberty will own and operate a natural gas-fired facility located in Asylum Township, Bradford County, Pa., within the PJM Interconnection balancing authority area. The Panda Liberty Facility will have a summer rating capacity of 765 MW and is expected to be capable of generating electricity on or around Aug. 1, 2015. The Panda Liberty Facility will interconnect to the Pennsylvania Electric transmission system. Panda Liberty said it intends shortly to file with FERC a notice of self-certification as an Exempt Wholesale Generator.
Panda Liberty is an indirect, wholly-owned subsidiary of Panda Liberty Intermediate Holdings I LLC which, in turn, is owned by Panda Liberty Super Holdings LLC and a passive investor. Panda Liberty Super Holdings is a direct, wholly-owned subsidiary of Panda Liberty Holdings LLC, which is owned by various Panda Power Funds entities.
An affiliate of Panda Liberty has a 50% ownership interest in a 17.7-MW solar power plant in Pilesgrove Township, New Jersey, also located within PJM (the “Pilesgrove Facility”). The output of the Pilesgrove Facility is committed under a long-term contract to Consolidated Edison Energy.
Affiliates of Panda Liberty are also developing two other generating facilities in PJM:
•the 829-MW natural gas-fired Panda Patriot Power Project located in Lycoming County, Pennsylvania, which is expected to commence commercial operations in 2016; and
•the 750-MW natural gas-fired Panda Stonewall Power Project located near Leesburg, Virginia, which is also expected to commence commercial operations in 2016.
Also, affiliates of Panda Liberty own and operate the 758 MW natural gas-fired Panda Sherman Project, the 758-MW gas-fired Panda Temple Project, and the 758-MW gas-fired Panda Temple II Project, each of which is interconnected to the transmission system administered by the Electric Reliability Council of Texas.
A company contact is: Blake M. Jones, Panda Power Funds, Associate General Counsel & Senior Compliance Officer, 5001 Spring Valley Road, Suite 1150 West, Dallas, TX 75244, Telephone: (972) 361-1463.