PIERRE. (KCCR) — The South Dakota Public Utilities Commission has approved an escrow agreement for the Sweetland Wind Farm in Hand County. Molly Smith represents Sweetland and says the escrow agreement is a revision of the original…
Commission chair Kristie Fiegen questioned Smith about making sure Sweetland funds the account…
Smith says an escrow agent must always be in place which falls back on a financial institution…
Escrow accounts for wind farm projects are required by the P-U-C to keep money in place for decommissioning of a wind farm if the developer abandons the project.
