The transaction is the largest wind farm financing in the world to date and was oversubscribed, IVPC said. The deal was fully underwritten by the three arrangers, MCC, Fortis Bank and Royal Bank of Scotland (GNW) and signed on March 3. MCC and Fortis Bank acted as Bookrunners while Royal Bank of Scotland is the facility Agent and Account Bank.
Dec. 5, 2000—With reserve margins falling to 7%, the California Independent System Operator called a Stage 1 emergency early Tuesday and is expected to declare a Stage 2 later in the day. If that happens, customers with interruptible load will be called on to shut off their electricity for the second day in a row.