in News Departments > FYI
print the content item

Exelon Corp. reports that its indirect subsidiary Continental Wind LLC has closed a non-recourse project financing consisting of $613 million in 6% senior secured notes due Feb. 28, 2033.

Continental Wind LLC owns and operates a portfolio of wind farms in Idaho, Kansas, Michigan, Oregon, New Mexico and Texas with a total net capacity of 667 MW. The subsidiary will distribute the net proceeds from the offering to its indirect parent, Exelon Generation Co. LLC, for its general corporate purposes.

RBS Securities Corp., Barclays Capital Inc. and Citigroup Global Markets Inc. led the offering as joint book-running managers, and Credit Agricole Securities USA Inc., RBC Capital Markets and Mitsubishi UFJ Securities USA Inc. served as co-managers. In addition, Saltbox Partners LLC, a woman-owned firm, served as a structuring advisor.




Trachte Inc._id1770
Latest Top Stories

Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.


Five Common Gearbox Failures And How To Identify Them

Wind turbine gearbox failures are a major source of unplanned maintenance costs. An expert explains the most frequent failure modes and offers prevention tips.

WomenofWind_id
Acciona_id1907
UEA_id1896
JLG_id1900
AWEA_id1886
bonfiglioli_id1913