Panda Liberty LLC, which is developing a 765 MW power plant in Pennsylvania, filed on June 2 with FERC 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 unit of Panda Liberty Intermediate Holdings I, which, in turn, is owned by Panda Liberty Super Holdings LLC and a passive investor. Panda Liberty Super Holdings is a direct unit of Panda Liberty Holdings, which is owned by various Panda Power Funds entities.
An affiliate of Panda Liberty has a 50 percent ownership interest in a 17.7-MW solar power plant in Pilesgrove Township, New Jersey, also located within PJM. 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.