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FERC clears Japanese investors, ArcLight's transfer of stake in 2 wind farms

Eurus Energy America LLC and Leeward Renewable Energy LLC on Nov. 30 earned FERC approval to transfer ownership interests in two wind facilities in Oregon and Illinois.

In one of the transactions, Eurus Energy will acquire the remaining 50% managing class B membership and 50% passive class A interests in the 41-MW Combine Hills I facility in Umatilla County, Ore., from Leeward Renewable, an affiliate of ArcLight Capital Holdings LLC.

At closing, Eurus Energy will become the sole owner of the facility, which sells power to PacifiCorp under a long-term agreement.

The second transaction calls for the transfer of a 25% ownership stake in the 54.5-MW Crescent Ridge facility in Bureau County, Ill., from Eurus Energy to Leeward Renewable.

At closing, Leeward Renewable will own all class B stake in the facility, which sells power into the PJM Interconnection LLC market on a wholesale basis.

JPM Capital Corp. will continue to own all class A nonmanaging membership interests in Crescent Ridge.

Eurus Energy is jointly owned by Toyota Tsusho Corp. and Tokyo Electric Power Co. Inc. Pacificorp is a Berkshire Hathaway Energy subsidiary. (FERC docket EC17-20)