THE PROPOSED LONGVIEW POWER PLANT
On October 12th, 90% Ownership of Longview, LLC was assigned to GenPower
Holdings, L.P., a Cayman Islands Limited Partnership, according to documents
filed with the WV Public Service Commission.
See below.
[Note: The announcement that Longview has acquired $1.8 billion in financing
is incomplete without a full disclosure of all the conditions and
stipulations attached thereto. It would be in the public interest for these conditions
to be known, as they are relevant to the public understanding of this
proposed power plant project.
We do know that the Siting and Transmission Certificates are under appeal to
the WV Supreme Court of Appeals, the preliminary hearing being scheduled for
October 24th at 10 a.m. in Charleston. We also know that the Storm Water
permits for construction and for operation have not been granted, as is the case
for a few other permits.]
Duane Nichols, Convenor, MVCAC.
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NOTICE OF TRANSFER OF OWNERSHIP OF LONGVIEW POWER, LLC
Comes Longview Power, LLC (“Longview”) by counsel, and provides notice to
the Public Service Commission (“PSC” or “Commission”) that the ownership of
Longview Power, LLC has been transferred in part to a third party. Longview
will retain both the Siting Certificate for the facility and the Certificate
of Convenience and Necessity for the transmission
line. Longview makes this notice even though a change in the ownership of
Longview does not require notice to the Commission under either the certificate
of site approval statute or regulations. The PSC’s regulations, as quoted
below, require notice to the Commission only if the Siting Certificate itself
is transferred or assigned to a new owner. In the case of the transmission
line certificate of convenience and necessity, Commission approval is required
only when a public utility holds the certificate, and Longview is not a public
utility.
1. Under the Exempt Wholesale Generator (EWG) Siting Regulations, 5
150-30-7.1, the Commission must be given thirty days’ notice of a transfer of
ownership or assignment of an siting certificate:
[The owner or operator shall, at least 30 days prior to the closing
date of such transfer or assignment, provide the Commission with
notice of the identity of the transferee, the mailing address of the
transferee, the name and mailing addresses of the management
members or officers of the transferee and an affidavit of the
transferee stating that the transferee agrees that it is bound by all
terms and conditions of the Siting certificate for the 24-2-1 1 (c)
facility.]
2. Under West Virginia Code (“WVC”) §24-2-12(g) a public utility must
obtain advance approval from the Commission before a third party “acquires
directly or indirectly a majority of the common stock of any public utility
organized and doing business in this state.”
3. The Commission has specifically held that Longview, like other EWG
facilities, is not a public utility. Longview Power, LLC, Case No. 03-1
860-E-CS, Order entered August 27, 2004, (“[T]he Commission recognizes that an
exempt wholesale generator is not a regulated public utility., .”), p. 117.
4. The Commission has specifically held that the “enactment of W.Va. Code
$24-2-1 IC, clarified that the requirements of W.Va. Code §24-2-12(g) do not
apply when an EWG decides to sell or otherwise transfer a siting certificate
issued by the Commission.”
[Nedpower Mount Storm, LLC and Shell Windenergy, Inc., Case No.
05-1486-E-PC, Conclusion of Law, No. 1, Order entered December 14,2005, p. 10. ]
5. Though the Siting Certificate and the Certificate of Convenience and
Necessity are not being transferred or assigned, Longview has elected to
provide this notice to the Commission of the transfer of ownership.
6. On October 12, 2006, GenPower, LLC transferred ninety percent (90%)
of its membership interest in Longview to GenPower Holdings, L.P., a Cayman
Islands Limited Partnership: On that date the ownership of Longview became:
90% Ownership - GenPower Holdings, L.P.
10% Ownership - GenPower, LLC.
7. The mailing address of GenPower, LLC is 1040 Great Plain Avenue,
Needham, MA 02492.
8. The names and addresses of the managing members of GenPower, LLC
are as follows:
Robert D. S. Place, Chairman and Managing Director, 1040 Great Plain
Avenue, Needham, MA 02492.
John A. O’Leary-Vice Chairman and Managing Director, 1040 Great
Plain Avenue, Needham, MA 02492.
9. The mailing address of GenPower Holdings, L.P., is 1 Lafayette Place,
Greenwich, CT 06830.
10. The directors of GenPower Holdings, L.P. are as follows:
Anne E. Gold, 1 Lafayette Place, Greenwich, CT 06830
Mark McComiskey, 1 Lafayette Place, Greenwich, CT 06830
11. Longview acknowledges that it remains obligated and bound by all terms
and conditions of the Siting Certificate and Certificate of Convenience and
Necessity issued by the Commission in the above-referenced cases and will
ensure that the terms and conditions of the
Siting Certificate and Certificate of Convenience and Necessity are met.
12. Longview will continue to be responsible for compliance and reporting on
the same to the Commission. Longview will continue to honor all agreements
entered into with third parties relating to the construction and operation of
the EWG facility and transmission line.
LONGVIEW POWER, LLC
By Counsel
Lynn C. Photiadis, Esquire (SB #284)
Bowles Rice McDavid Graff & Love LLP
600 Quarrier Street, Post Office Box 1386
Charleston, West Virginia 25325-1386
Counsel for Longview Power, LLC