Penny Stocks are among the most explosive and most manipulated form of investment in the stock market. For that reason the investor should make their own research.
Good news for the two Massachuttes plants that Laidlaw is purchasing. I am expecting news on both of these plans by the end of January.
http://www.mass.gov/Eoeea/docs/doer/renewables/biomass/biomass-suspend-clarify-2009dec22.pdf
"Units that have received statement of qualifications prior to the announcement of the suspensions will continue to be qualified. Such units will, however, be subject to any new criteria that DOER adds to the regulations at the end of this suspension. According to DOER records, this circumstance applies to Ware Cogen, Boralex Livermore Falls, and Laidlaw Energy and Environmental."
I believe that Ware Cogen is the 10MW plant that LLEG plans to purchase and Laidlaw Energy and Environmental is the entity that owns the Ellicottville, NY plant.
This is great news for LLEG since 1/2 of their MA projects are already qualified to sell RECs in MA's RPS.
http://www.mass.gov/Eoeea/docs/doer/renewables/biomass/biomass-suspend-clarify-2009dec22.pdf
"Units that have received statement of qualifications prior to the announcement of the suspensions will continue to be qualified. Such units will, however, be subject to any new criteria that DOER adds to the regulations at the end of this suspension. According to DOER records, this circumstance applies to Ware Cogen, Boralex Livermore Falls, and Laidlaw Energy and Environmental."
I believe that Ware Cogen is the 10MW plant that LLEG plans to purchase and Laidlaw Energy and Environmental is the entity that owns the Ellicottville, NY plant.
This is great news for LLEG since 1/2 of their MA projects are already qualified to sell RECs in MA's RPS.
Clean Power trying to say Laidlaw has an incomplete application. Barry Needleman, Laidlaw attorney, shuts them down.
Its going to get good and we have a front row seat.
http://www.nhsec.nh.gov
Its going to get good and we have a front row seat.
http://www.nhsec.nh.gov
I will try. There will be typos.
Clean Power is the competitor of Laidlaw who also wants to build a biomass facility in Berlin. Problem is they don't have a power purchase agreement, SEC permit application submitted, or proven financing to get their project done.
What is going on now is a desperate attempt to stop Laidlaw, CPD is trying to say that their permit application is incomplete. Problem with that is CPD doesn't have a say to what is incomplete or not. Its up to the SEC.
I will continue with this tomorrow. Late night and too many cocktails to think.
On 2nd thought, just read this. Its what I am talking about.
http://www.nhsec.nh.gov/2009-02/documents/091229response_to_rodier.pdf
I plan on staying a long time too with half my shares.
The state wants this biomass facility build but the city of Berlin is divided and there are some who are going to put up a fight. IMO, I don't think this permit application is going to fly through as easy as some think.
Laidlaw also has several other projects in the works and with this JV with Homeland, these projects are going to be solid.
I'm still selling half my shares when/if we get to a penny or higher.
BOL.
I would hope the MA projects would be next. If not, SEC approval or rejection to review the permit application is suppose to be January 15th.
I am also expecting news on the power purchase agreement with PSNH.
Next couple of weeks are going to be critical for the Berlin project and Laidlaw for that matter.
Good chance this test .0018 again. Got my buy order there. Should be another easy flip back to .003+ ... not knocking, just saying from a technical perspective, it's failing and down-side selling pressure just wont stop.
Keep a big buy order there, I'll be loading up at that price so you're gonna have to be quicker than me : )
Keep a big buy order there, I'll be loading up at that price so you're gonna have to be quicker than me : )
Laidlaw now has support of the Berlin city counsil. This is good stuff. 2 more days, for the permit with the SEC.
In Berlin Daily Sun today.....
County officials support Laidlaw project
Concerned about Coos Benefits Alliance
BERLIN — The proposed Laidlaw
biomass plant has the support of
the Coos County Commissioners who
yesterday voted to submit a letter of
support to the N.H. Site Evaluation
Committee.At the same time, the commission
expressed concern about the objectives
of the new Coos Community Benefi ts
Alliance.
Commissioner Paul Grenier reported
that Laidlaw last month submitted
its application for a certifi cate to construct
and operate a 70-megawatt biomass
plant on the former mill site. He
said the SEC has 30 days to rule that
the application is complete and then
must hold a public hearing in Coos
County with the next month. Grenier said it is possible
the public hearing could occur before the next
commissioners’ meeting. He suggested the commission
vote to submit a letter of support, contingent on
the application being accepted by the SEC.
Commissioner Tom Brady made a motion to have
the commission write a letter of support and make
a presentation in favor of the project at the public
hearing. Both Grenier and Brady voted in favor –
Commissioner Burnham Judd was absent.
Brady said the Laidlaw project is important to the
entire county. He said he was talking to a large local
logging outfi t recently and the company spoke of the
need for the project.
Grenier agreed that the economic impact of the
Laidlaw project would extend beyond Berlin.
“It’s critical this project go forward,” he said.
Coos County Treasurer Fred King said he was
quite offended to read about the recent organizational
meeting of the Coos Community Benefi ts
Alliance. He said the list of invitees did not include
anyone from the county commission or delegation.
He noted the country has been lobbying for a long
time to get the electric transmission line, the socalled
Coos loop, upgraded. King sits on the North
Country Transmission Commission established by
the legislature to fi nd a solution. He said all of a
sudden this new organization is interested in the
expansion of the Coos loop.
“What do they think we’re concerned about,” he
asked.
Grenier noted two Berlin city councilors were on
the mailing list for the new organization and both
have less than two years on the council. He said
he believes the goal of the new organization is to
extract and extort additional benefi ts from the biomass
projects beyond the jobs created and the property
tax benefi ts. Grenier said if that is true, he will
fi ght those efforts.King said the North Country Transmission Commission
is in the process of hiring a consultant to
look at options for fi nancing an upgrade of the Coos
loop. He said now it appears the group wants to slow
that process down.
Grenier said he plans to initiate a letter writing
campaign to the North County Transmission Commission,
supporting efforts to upgrade the Coos
loop.
King said wind farms like the Granite Reliable
Power project help large landowners keep their land
in timber production and open to public use by providing
an additional source of revenue. Unlike the
past when the paper companies owned large tracts
of woodlands to feed their mills, landowners today
must generate revenue to offset expenses and generate
a return for investors. He said allowing landowners
to keep the land open and available for multi-use
benefi ts the region’s economy.
Coos administrator Sue Collins said many people
don’t understand that the annual payment in lieu
of taxes that Granite Reliable Power will pay for
its proposed wind farm in Phillips Brook will help
reduce the county tax burden.
King noted officials from Coos Economic Development
Corporation and Tri-County Community
Action Program were at the organizational meeting
of the Coos Community Benefi ts Alliance. He
pointed out both organizations receive an appropriation
from the country.
Androscoggin Valley Economic Development
Director Max Makaitis thanked the commission for
its support of Laidlaw and for upgrading the Coos
loop. He said upgrading the loop is necessary to
allow the growth of the renewable energy industry
in Coos and the creation of good paying jobs with
benefits.
The North Country Transmission Commission is
meeting Jan. 29 in Concord. At that meeting, the
commission expects to fi nalize a Request for Proposals
for a consultant to develop an action plan to
upgrade the Coos loop.
In Berlin Daily Sun today.....
County officials support Laidlaw project
Concerned about Coos Benefits Alliance
BERLIN — The proposed Laidlaw
biomass plant has the support of
the Coos County Commissioners who
yesterday voted to submit a letter of
support to the N.H. Site Evaluation
Committee.At the same time, the commission
expressed concern about the objectives
of the new Coos Community Benefi ts
Alliance.
Commissioner Paul Grenier reported
that Laidlaw last month submitted
its application for a certifi cate to construct
and operate a 70-megawatt biomass
plant on the former mill site. He
said the SEC has 30 days to rule that
the application is complete and then
must hold a public hearing in Coos
County with the next month. Grenier said it is possible
the public hearing could occur before the next
commissioners’ meeting. He suggested the commission
vote to submit a letter of support, contingent on
the application being accepted by the SEC.
Commissioner Tom Brady made a motion to have
the commission write a letter of support and make
a presentation in favor of the project at the public
hearing. Both Grenier and Brady voted in favor –
Commissioner Burnham Judd was absent.
Brady said the Laidlaw project is important to the
entire county. He said he was talking to a large local
logging outfi t recently and the company spoke of the
need for the project.
Grenier agreed that the economic impact of the
Laidlaw project would extend beyond Berlin.
“It’s critical this project go forward,” he said.
Coos County Treasurer Fred King said he was
quite offended to read about the recent organizational
meeting of the Coos Community Benefi ts
Alliance. He said the list of invitees did not include
anyone from the county commission or delegation.
He noted the country has been lobbying for a long
time to get the electric transmission line, the socalled
Coos loop, upgraded. King sits on the North
Country Transmission Commission established by
the legislature to fi nd a solution. He said all of a
sudden this new organization is interested in the
expansion of the Coos loop.
“What do they think we’re concerned about,” he
asked.
Grenier noted two Berlin city councilors were on
the mailing list for the new organization and both
have less than two years on the council. He said
he believes the goal of the new organization is to
extract and extort additional benefi ts from the biomass
projects beyond the jobs created and the property
tax benefi ts. Grenier said if that is true, he will
fi ght those efforts.King said the North Country Transmission Commission
is in the process of hiring a consultant to
look at options for fi nancing an upgrade of the Coos
loop. He said now it appears the group wants to slow
that process down.
Grenier said he plans to initiate a letter writing
campaign to the North County Transmission Commission,
supporting efforts to upgrade the Coos
loop.
King said wind farms like the Granite Reliable
Power project help large landowners keep their land
in timber production and open to public use by providing
an additional source of revenue. Unlike the
past when the paper companies owned large tracts
of woodlands to feed their mills, landowners today
must generate revenue to offset expenses and generate
a return for investors. He said allowing landowners
to keep the land open and available for multi-use
benefi ts the region’s economy.
Coos administrator Sue Collins said many people
don’t understand that the annual payment in lieu
of taxes that Granite Reliable Power will pay for
its proposed wind farm in Phillips Brook will help
reduce the county tax burden.
King noted officials from Coos Economic Development
Corporation and Tri-County Community
Action Program were at the organizational meeting
of the Coos Community Benefi ts Alliance. He
pointed out both organizations receive an appropriation
from the country.
Androscoggin Valley Economic Development
Director Max Makaitis thanked the commission for
its support of Laidlaw and for upgrading the Coos
loop. He said upgrading the loop is necessary to
allow the growth of the renewable energy industry
in Coos and the creation of good paying jobs with
benefits.
The North Country Transmission Commission is
meeting Jan. 29 in Concord. At that meeting, the
commission expects to fi nalize a Request for Proposals
for a consultant to develop an action plan to
upgrade the Coos loop.
Permit Application gets rejected. Doesn't look like major things need to be done so it should get submitted back soon.
http://www.nhsec.nh.gov/2009-02/documents/100115rejection.pdf
http://www.nhsec.nh.gov/2009-02/documents/100115rejection.pdf
MBB's response to the application rejection.
Friday, January 15, 2010
EFSEC Update
We have been advised by the State of New Hampshire of a few minor deficiencies in our permit application for our Berlin, NH biomass project. There were a couple of applications related to water that apparently needed to be signed by the city of Berlin but weren't. This was not in our control and my understanding is it has since been addressed, but it may take a couple of days before the State has this info in hand and can issue its completeness determination. I fully expect this will be the case and don't expect this will be a problem at all. It was very minor stuff and we weren't made aware of it until just prior to the time when the State had to make its determination.
Friday, January 15, 2010
EFSEC Update
We have been advised by the State of New Hampshire of a few minor deficiencies in our permit application for our Berlin, NH biomass project. There were a couple of applications related to water that apparently needed to be signed by the city of Berlin but weren't. This was not in our control and my understanding is it has since been addressed, but it may take a couple of days before the State has this info in hand and can issue its completeness determination. I fully expect this will be the case and don't expect this will be a problem at all. It was very minor stuff and we weren't made aware of it until just prior to the time when the State had to make its determination.
