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FERC clears Bankers Commercial deal for tax equity stake in Sempra wind plant

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FERC clears Bankers Commercial deal for tax equity stake in Sempra wind plant

BankersCommercial Corp. secured FERC approval on Sept. 29 to the non-managing class Amembership interests in the planned 78-MW Black Oak Getty wind project in Stearns County, Minn.,via a tax equity financing.

As part of the deal, Bankers will transfer 36.75% of theacquired interests to Citizens Asset Finance Inc.

A SempraEnergy subsidiary owns and will continue to own all managing classB interests in the power plant. (EC16-170)