Sempra U.S. Gas & Power, Consolidated Edison Development enter joint venture for solar power projects

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Sempra U.S. Gas & Power and Consolidated Edison Development have entered a joint venture for five solar power projects in Nevada and California.

Projects include Sempra U.S. Gas & Power's 250-MW Copper Mountain Solar 3 project near Las Vegas; and Consolidated Edison Development's CED California Holdings LLC portfolio: the 50-MW Alpaugh 50, 20-MW Alpaugh North and 20-MW White River 1 facilities in Tulare County, and the 20-MW Corcoran 1 facility in Kings County.

Copper Mountain Solar 3 is under construction and is expected to be completed by 2015. Sempra U.S. Gas & Power will provide operations and maintenance services.

The companies will own 50-percent interest each. Renewable power produced has been sold under long-term contracts.

The projects await regulatory approvals which are expected during the second quarter of 2014.

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