WCCO EYE4 LOGO WCCO Radio wcco-eye-white01, ww color white

Business

Idaho Wind Developer’s Woes Mount With MN Lawsuit

View Comments
Wind Turbine, Renewable Energy SD, The Mustard Seed

(credit: CBS)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Koffy In The Morning: How Well Do You Know Your Neighbor?
  2. WCCO Viewers Send In Doggie Selfies
  3. 4 Things To Know For 8/26
  4. Good Question: Why Can Companies Use Tax Inversion?
  5. WCCO Heads To The Mighty Midway

BOISE, Idaho (AP) — The legal woes facing an Idaho wind energy company are mounting, after a contractor building one of its projects in Minnesota went to court asking a federal judge to hand over control.

Fagan Inc. says it’s entitled to ownership of the 18-turbine “Big Blue Project,” near Blue Earth, Minn., on grounds that Exergy Development Group hasn’t repaid a $11.4 million loan.

Fagan contends Exergy and its founder, James Carkulis, are still disputing ownership, causing confusion that’s threatening the entire undertaking’s survival.

Exergy already faces a $37.9 million civil suit from a turbine owner in Pennsylvania that claims it, too, hasn’t been paid.

Earlier this year, Boise-based Exergy suspended more than $300 million worth of wind projects in its home state and has struggled to pay some of its other bills.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,811 other followers