2012. The Letter Order granted Dan’s Mountain’s motion to extend that original constructionstart deadline.As detailed in the Affidavit of David K. Friend, the Manager of Dan’s Mountain (“
”), during that extension period Dan’s Mountain encountered long and unexpecteddelays beyond its control, associated with the declining financial condition and eventual descentinto bankruptcy of its joint developer/investor Edison Mission Energy (“Edison”). Given therestrictions in Dan’s Mountain’s agreements with Edison, it was necessary for Dan’s Mountainto extricate itself from those agreements before moving forward.
Edison, however, did notcooperate in unwinding the relationship.Dan’s Mountain has now entered into agreements with Exelon Wind, LLC, a subsidiaryof Exelon Corporation (Exelon Wind and Exelon Corporation referred to hereinafter a “Exelon”)that provide critical development support and funding. With Exelon’s assistance, Dan’sMountain is diligently pursuing the development of the Project. We respectfully request that theCommission grant the instant motion because, absent such relief, the State of Maryland will notrealize the recognized benefits of a substantial, new, renewable wind generation resource.
On November 5, 2008, Dan’s Mountain filed an application, pursuant to § 7-207.1 of thePublic Utility Companies Article, Annotated Code of Maryland, for an exemption from theCPCN requirement for the Project. On March 12, 2009, the Commission issued the Letter Order granting the application, subject to a number of conditions. Among the conditions was the
It was also necessary to obtain new sources of funding to support additional necessary pre-construction development activities.