FERC rescinds transfer of New York’s 3.5-MW Stillwater

The Federal Energy Regulatory Commission rescinded an order approving transfer of the license for the 3.5-MW Stillwater project on New York’s Hudson River from Stillwater Hydro Partners L.P. to Boralex Stillwater LLC.

FERC issued an order Feb. 12 acknowledging that Stillwater Hydro Partners L.P., the project’s licensee and operator, remains the licensee. FERC acted after Stillwater advised the proposed sale did not occur and that no license transfer was anticipated.

Boralex Inc. of Montreal, Quebec, signed an agreement in 2006 to buy Stillwater (No. 4684) for $9.3 million. (HNN 6/16/06) It planned to operate the project through Boralex Stillwater LLC to provide operating synergies with five of its other New York projects. However, Boralex failed to acquire title to the project and failed to file conveyance documents, FERC said.

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