FERC approves wind portfolio transaction

05/6/2013 | SNL Financial (free content)

The transaction on the transfer of Lease Plan North America's interests in a nearly 1,370-megawatt wind power portfolio to Bank of America and PurEnergy gained approval from the Federal Energy Regulatory Commission. The deal allows Bank of America to acquire Lease Plan North America's class A interests in wind facilities through new investment vehicle Wind Investments. Lease Plan's class C interests will go to PurEnergy, which also will be the investment vehicle's managing member under the deal.

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SNL Financial (free content)

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