Small Minnesota wind power companies file for bankruptcy protection

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.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.