Proposed Texas Generation, Which Did Not Advance Under In-ERCOT Loan Program Selection, Clarifies Applicant With Eye Toward Reconsideration (Includes Minor Investment From Retail Supplier Affiliate)
Paul Ring | Source: Energy Choice Matters | Posted 10/18/2024
"AP is ready to immediately re-engage with the TEF process, should Commission Staff consider the near-term addition of applicants to be added to the Portfolio," Advanced Power Services said
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Advanced Power Services (NA) Inc. submitted a letter to the Texas PUC regarding the Stone Creek Peaker project for the Texas Energy Fund In-ERCOT Loan Program, clarifying that they, not Mercuria Investments US, Inc., are the applicant for the project. The project, sponsored by Advanced Power Services on behalf of Stone Creek Peaker LLC, is a subsidiary of Advanced Power Services, with Mercuria Investments US, Inc. listed as a minority, passive equity investor in the application.
Advanced Power Services expressed concern that its project may not have been selected for due diligence round by the PUC due to the criteria of only advancing one project per applicant for portfolio diversity. However, they clarified that Mercuria is not the applicant for the project and are prepared to re-engage with the TEF process if additional applicants are considered for the portfolio. Notably, a Mercuria entity, Amber Energy Services, LLC, holds an Option 2 REP certificate in Texas.
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Source Link: https://tinyurl.com/energy-choice-matters-APS
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