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Emera Sells Its Interest in Northeast Wind

Submitted by aburr on Thu, 2014-11-20 13:00

Emera will sell its 49% interest in Northeast Wind Partners II (Northeast Wind), to its 51% partner, First Wind Holdings (First Wind) for $223.3 million. Northeast Wind owns and operates a 419-MW portfolio of wind generating assets located in the Northeast United States. Emera acquired its interest in Northeast Wind in 2012. Emera's sale is part of a larger deal which will see 100% of First Wind sold to a third party, and is conditional on that transaction closing.

Risk Holds Sway

Interest rates not always controlling for return on equity. 

(November 2014) Our annual survey of rates of return on common equity authorized by state public utility commissions in recent rate cases for electric and gas retail distribution utilities.
Byline: 

Phillip S. Cross

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Alterr Power Completes Partial Sale of Dokie 1 Interest

Submitted by aburr on Tue, 2014-01-14 13:14

Alterra Power sold half of its 51% interest in the Dokie 1 wind farm to Fiera Axium Western Energy. Alterra received initial sales proceeds of $28,625,000, and may receive further earn-out payments of up to $2,250,000 over the next three years depending on asset performance. Alterra will retain 25.5% ownership of Dokie 1, and will continue to operate and manage the project.