UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
____________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) December 17, 2012
TWIN CITIES POWER HOLDINGS, LLC
(Exact Name of Registrant as Specified in Charter)
| Minnesota | 333-179460 | 27-1658449 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 16233 Kenyon Ave., Suite 210, Lakeville, Minnesota | 55044 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code (952) 241-3103
n/a
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On December 17, 2012, Twin Cities Power Holdings, LLC (the “Company”) entered into a Market Participant Guarantee Agreement (the “Guarantee”) with Electric Reliability Council of Texas, Inc. (“ERCOT”), pursuant to which the Company has agreed, among other things, to guarantee the collectability of all indebtedness, liabilities and sums of money now or hereafter due and owing by the Company’s subsidiary, Twin Cities Power, LLC (“TCP”), to ERCOT. The Guarantee was a condition precedent to ERCOT entering into a Market Participant Agreement with TCP, pursuant to which ERCOT may extend credit to TCP from time to time.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
Date: December 20, 2012 |
By |
/s/ Wiley H. Sharp III |
| Wiley H. Sharp III | ||
| Its | Vice President – Finance and Chief Financial Officer | |
| 2 |