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Sempra Energy is selling its non-utility solar energy assets to Consolidated Edison, the San Diego-based company revealed Sept. 20. Sempra also is selling battery energy storage development projects and one wind facility. The total sale will bring it $1.54 billion in cash. The assets included are: Mesquite Solar 2 and 3 in Arizona; Copper Mountain Solar 1 and 4 in Nevada; Great Valley Solar in California; and other solar and battery storage development projects. Additionally, Consolidated Edison will acquire the facilities jointly owned with Sempra Renewables including: Mesquite Solar 1; Copper Mountain Solar 2 and 3; the Alpaugh, Corcoran and White River solar facilities in California; and the Broken Bow II wind facility in Nebraska. Sempra Energy entered into a deal with Elliott Management, headed by corporate vulture Paul Singer, and Bluescape Energy Partners, on the selection of new Sempra board members . The hefty hedge funds own 4.9 percent interest in Sempra, valued at $1.6 billion. The parties, according to a Sept. 18 announcement by Sempra, are to work together over the next few weeks to jointly select two new board members. Under the arrangement, Sempra also is turn its current LNG Construction and Technology Committee into a new LNG and Business Development Committee with three members, two being the new Sempra board members. Jeffrey Martin, Sempra CEO, commented that his company is committed “to considering all investor perspectives on the company's existing strategy and longer-term opportunities to create shareholder value.” California’s first offshore wind energy project could be built by the Redwood Coast Energy Authority and a consortium of private companies. The community choice aggregator last week submitted an offshore lease application to the Bureau of Ocean Energy Management for a 100 to 150 MW floating offshore wind farm. It would be built along the Humboldt County coast about 20 miles out into the ocean from Eureka. The consortium, which includes Principle Power, Inc., EDPR Offshore North America LLC, and Aker Solutions, Inc., has been discussing the project with the community energy organization since last year. The project could be operational as early as 2025. One-hundred-and-twenty locally elected officials blasted Commissioner Carla Peterman’s alternate decision on exit fees for community choice aggregators in an open letter. They wrote Sept. 13 that Peterman’s proposed alternate decision before the California Public Utility Commission would significantly and unfairly increase exit fees charged by big corporate utilities and threaten current and future community choice energy programs — the very programs that are helping the state exceed its emissions-reduction targets.” The commission is tentatively slated to vote on the proposal on Sept. 27.

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