FERC allows ownership deal of Pa. wind farm to proceed

12/2/2012 | SNL Financial (free content)

The Federal Energy Regulatory Commission has signed off on the disposition of jurisdictional assets linked to EC&R Investco Management's sale to PD Alternative Investments US of 50% of the membership stakes in Elevate Wind HoldCo. Elevate Wind is the parent company of the operator of the Stony Creek Wind Farm near Somerset County, Pa. Under the deal, PD Alternative Investments US and EC&R Investco Management will get all the membership interests in Elevate Wind and indirect control all of the interests in the Stony Creek Wind Farm.

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