Berkshire Hathaway Energy and NaturEner USA, LLC have applied to the Federal Energy Regulatory Commission for BHE to acquire from NaturEner USA its 100 percent upstream equity interests in the NaturEner Wind Project Companies.
The transaction will give BHE roughly 400 MW of wind generation in Montana from three wind farms: Glacier I, Glacier II and Rim Rock.
Glacier 1 operates a 106.5 MW wind-powered generating facility in Glacier and Toole Counties, Montana, and limited interconnection facilities, and is interconnected to the NorthWestern Energy transmission system.
Glacier 2 owns and operates a 103.5 MW wind-powered generating facility in Glacier and Toole Counties, Montana, and limited interconnection facilities, and is interconnected to the Glacier Electric Cooperative transmission system.
Rim Rock owns and operates a 189 MW wind-powered generating facility in Glacier and Toole Counties, Montana, which is interconnected with the transmission facilities of MATL LLP.
BHE Transmission wholly owns MATL, which owns a 230-kV merchant transmission line running from Great Falls, Montana to Lethbridge, Canada.
Berkshire Hathaway Energy and NaturEner USA have requested a shortened comment period of 21 days to allow for the issuance of an order on or before October 3, 2022.
According to their application, a shortened comment period and expedited consideration are appropriate because the Proposed Transaction does not involve a merger, does not require an Appendix A analysis, and is consistent with Commission precedent.
© 2022 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.