FERC section 203 filings

FERC section 203 filings

October 01, 2017 | By Keith Martin in Washington, DC

FERC section 203 filings will no longer be required before closing most tax equity partnerships to finance US renewable energy projects.

The Federal Energy Regulatory Commission said in an order on October 4 that section 203 filings are not required in partnership flip transactions where the tax equity investor has a passive interest.

Transfers of equity interests that effect a change in control of a US power plant that is used to sell power in to the wholesale electricity market usually require FERC approval. FERC has up to 180 days to review the sale