Several wind project companies on Jan. 9 notified the Federal Energy Regulatory Commission that they on Jan. 6 entered chapter 11 protection at the U.S. Bankruptcy Court for the District of Minnesota.
The companies are Minwind I LLC, Minwind II LLC, Minwind III LLC, Minwind IV LLC, Minwind V LLC, Minwind VI LLC, Minwind VII LLC, Minwind VIII LLC, and Minwind IX LLC. Their bankruptcy court filings were attached to the notice filed with FERC.
The companies got an automatic deadline from the court for an exclusivity period for filing a plan of reorganization and disclosure statement that expires on May 6. That initial deadline is often extended in cases like this. Notable is that while these cases were filed separately, it is routine for a bankruptcy court to combine the cases of related companies for administrative purposes. A meeting of creditors is to be held on Feb. 3 at the U.S. Courthouse in Minneapolis.
Minwind I lists its largest unsecured creditor as power company Alliant Energy. The nature of the Alliant claim is listed as “refunds of time value of revenues collected during periods of noncompliance with the Commission’s requirements for QF status.” James Ouverson is listed as the authorized representative for the companies. Each company has common ownership and controls one wind turbine generator.