Sempra and Consolidated Edison Development (ConEdison Development, CED) have agreed to partner in five solar projects in Nevada and California (United States). The projects include Sempra's 250 MW Copper Mountain Solar 3 project near Las Vegas, and CED's portfolio of operational solar facilities: 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. The renewable power from all of the projects has been sold under long-term contracts. Upon finalization of the agreements, Sempra and CED holding companies will each own a 50% interest in the five solar facilities. The agreement relative to the CED projects is subject to regulatory approvals which are expected during the second quarter of 2014. Copper Mountain Solar 3 is currently under construction. Completion of the first 125 MW is expected by year-end 2014, with the remaining 125 MW slated for completion in 2015.
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