technical analysis link
http://ih.advfn.com/videos/stock-chart/lleg-technical-chart-11-19-2010_k-4gXWIWFr4
http://ih.advfn.com/videos/stock-chart/lleg-technical-chart-11-19-2010_k-4gXWIWFr4
i've gotten 2 promo's already this morning on LLEG...today should be wild....
Our new pick is LLEG then trading at only 0.0058.
LLEG is about to break to new 2 year highs & should see a major momentum push in this shortened holiday week.
<img alt="" style="margin: 5px 5px 0px;" align="" border="0" vspace="0" hspace="0">
LLEG had a very strong Friday, closing at the highest point of the day of 0.0058!
LLEG more recent 6 month chart looks even more impressive!
<img alt="" style="margin: 5px 5px 0px;" align="" border="0" vspace="0" hspace="0">
Any seasoned technical chartist could tell you that LLEG is set to see a major break out!
LLEG was founded in 2002 with the objective of pursuing development and acquisition opportunities in the renewable energy and distributed power generation sector. Laidlaw Energy founder and CEO, Michael Bartoszek, owned and operated a predecessor company engaged in owning and operating natural gas fired power assets and a related hardwood lumber business. After selling his holdings in that business in late 2002, Mr. Bartoszek altered the focus of the company to pursue opportunities involving renewable energy, and particularly biomass energy, a fuel source abundant in the Northeastern United States where the Company operates.
LLEG is one of a small number of innovative companies that has developed and actively pursued the strategy of converting fossil fuel and idled power plants, as well as idled pulp and paper mills, to modern, environmentally advanced biomass-energy facilities. In 2004, Laidlaw Energy was regognized for former New York Governor George Pataki for employing this innovative strategy, when it was awarded a $1 million grant by the New York State Energy Research and Development Authority (NYSERDA) for its Western New York biomass combined heat and power project.
LLEG's business objective is to build a profitable portfolio of biomass energy plants and become the leading provider of biomass energy in the United States. In so doing, Laidlaw Energy intends to make a positive impact on the environment by providing a cleaner alternative to fossil fuel power, which will in turn help reduce greenhouse gas emissions that contribute to global warming and climate change.
LLEG has a strong and talented management team lead by its founder and CEO, Michael Bartoszek. Prior to founding Laidlaw Energy, Mr. Bartoszek spent over 10 years in the securities industry with a number of top investment firms. Later in his career on Wall Street, Mr. Bartoszek was engaged in advising energy and independent power companies in connection with acquisitions and financing.
Management & Employees
The principals of Laidlaw Energy Group have substantial experience in power development and operations, including biomass power retooling projects.
The Management team is lead by CEO and President Michael B. Bartoszek and Excecutive Vice President Louis T. Bravakis.
Michael B. Bartoszek- Founder, President and CEO - Michael Bartoszek fofunded Laidlaw Energy in 1999 and initially owned and operated natural gas fired generation assets and related entities. In 2003 he sold his natural gas holdings and began focusing exclusively on renewable energy. Mr Bartoszek has lead the team that has successfully developed the approximately 70 MW biomass energy project located in Berlin, NH. Prior to founding Laidlaw Energy, Mr. Bartoszek spent over 10 years in the securities industry with a number of top investment firms, including Merrill Lynch, Bear Stearns and Oppenheimer & Co. and served as President & CEO of W.R. Lazard. Later in his career in the securities industry, Mr. Bartoszek founded a successful boutique project finance advisory group that was engaged in advising energy and independent power companies in connection with acquisitions and financing .
Louis T. Bravakis - Vice President of Development - Louis Bravakis has been involved as anadvisor, project and construction manager, for numerous successful biomass energy projects. He founded and operated a successful manufacturer of biomass gasification systems and started his career in the industry by operating abusiness engaged in wood chipping. Mr. Bravakis worked together with Mr. Bartoszek to successfully lead the development of an approximately 70 MW biomass-energy facility located in Berlin, NH. He has substantial expertise in matters related to biomass and fuel handling.
Edward Meyers - Vice President of Investor Relations - Mr. Meyers career on Wall Street spans over 35 years, nearly 20 of which were spent at Kidder Peabody Co., where he was an equityholder. Prior to joining Laidlaw, Mr. Meyers was a senior executive with Core Pacific Securities, one of Asia's largest financial services firms.
T. Alex Bravakis - Associate Vice President of Project Development for Laidlaw Biopower, LLC. Mr. Bravakis takes the lead on identifying and analyzing new development opportunities. He also manages andc oordinates the involvement of all project contributors. Before joining Laidlaw Mr. Bravakis worked in a real estate investment firm that specialized in the development and financing of affordable housing projects throughout New York City's five boroughs.
Former U.S. Rep. Charles F. Bass (R-NH) - Senior Advisor to Management and a non-voting Member of the Laidlaw Board of Directors - Mr. Bass is a former six-term Member of the United State House of Representatives, entering office in 1995. He served as an influential member of theHouse Energy and Commerce Committee as vice-chairman of the Telecommunications and Internet Sub committee and majority whip for the Commerce, Trade, and Consumer Protection Sub committee. During his tenure in Congress, Bass also served on the Budget, Government Reform and Oversight, Intelligence, and Transportation and Infrastructure Committees. Mr. Bass has also operated a successful, family-owned small business and currently serves on the Board of Managers of New England Wood Pellet, a rapidly growing manufacturer of clean burning wood pellets for residential and commercial heat and power generation.
Gregory R. Blair - Laidlaw Project Manager &President of National Public Energy, Inc. Mr.Blair has over 30 years experience in the financing, development and management of large-scale energy and waste management projects. Mr. Blair has established an impressive track record as a problem solver and turnaround specialist through his work at National Public Energy, Inc. ("NPE"), which he founded in 1990. From 1991 to present, NPE has managed Biofmass One L.P., a privately held, twin stoker-grate boiler, 30MW (net) biomass energy project with over $60 million in assets and $24 million in annual revenues. In this capacity, Mr. Blair led Biomass One from $8.5 million of losses to profitability in the first eighteen months of NPE's involvement the the project. This was accomplished through the development and initiation of comprehensive plans for overall business managefment; including fuel acquisition strategies, commodities arbitrage techniques, new business development and O&M decision-making. NPE is Managing General Partner of Biomass One. While simultaneously maintaining his responsibilities with NPE, Mr. Blair was a Vice President at Enron International from 1997 to1999, where he led the Company's efforts in south India. From 1999-2001,he was a Vice President at Enron North America, specializing in asset acquisitions, project restructurings and risk management services. Mr. Blair began his career with National Westminster Bank USA, where he foundedthe Project Finance department. From 1984-1990 he closed non-recourse credit facilities totaling over $430 million for seven waste-to-energy ventures and one cogeneration project.
LLEG's Projects
The N.H. Site Evaluation Committee unanimously approvedLLEG'sBerlin BioPower’s application to construct and operate a 70-megawatt biomass plant in Berlin!
<img alt="" style="margin: 5px 5px 0px;" align="" border="0" vspace="0" hspace="0">
LLEG & PSNH reached a power purchase agreement where PSNH has agreed to buy 100% of the power output and Renewable Energy Certificates from LLEG for $1.43 Billion over 20 years.
Laidlaw Berlin BioPower, LLC, an affiliate of Laidlaw Energy Group, Inc., has acquired the former Fraser Paper Mill located in Berlin, NH (“the “Facility”), with the objective of converting and upgrading the existing facility infrastructure in order to construct an approximately 65 megawatt biomass-energy power plant.
Laidlaw purchased the Facility from North American Dismantling Corporation (“NAD”) in December 2008. NAD purchased the Facility from the Fraser Paper Company in May 2006. In connection with the purchase by Laidlaw, NAD has demolished all of the buildings and assets not associated with the biomass conversion and sold any scrap steel. The Northern region of New Hampshire where the facility is situated has experienced significant economic hardship over the last few years, due to the closure of several pulp and paper mills resulting in the loss of approximately 1,000 jobs.
The Berlin biomass-energy project (the “Berlin Project”) will be one of the largest and most environmentally sound biomass-energy facilities in the United States. The Berlin Project is expected to utilize in excess of 700,000 tons of clean whole tree wood chips per year in order to generate approximately 65 megawatts of electricity, thus generating substantial local economic activity for loggers, truckers and other local businesses.
The fuel source for the Berlin Project will be whole tree wood chips and other low-grade wood, often referred to as “biomass materials”, which are the byproducts of the local forest products industry and land management practices. Generally, whole tree chips are produced from trees unsuitable for use in lumber or paper mills, or from the tops and branches of trees harvested for lumber. Other clean wood products, such as wood residue from sawmills, is also suitable for fuel. Biomass fuel will be trucked to the facility in 20 ton live bottom trailers. The Facility also has rail access which may offer opportunities for cheap fuel from other regions (e.g., storm debris from the Southern U.S.). As discussed above, the substantial number of pulp and paper mill closures in the region has resulted in the loss of substantial jobs and a substantial reduction of biomass consumption, thus having a significant adverse effect on the regional economy. The Berlin Project will help to reverse this trend by investing over $25 million dollars per annum into the regional economy for biomass fuel purchases.
Among the key assets acquired by Laidlaw is the facility’s Babcock & Wilcox boiler, which was installed in 1993 at a cost of nearly $100 million. The B&W boiler, with a steam capacity of about 600,000 lbs per hour after biomass conversion, will be converted for Laidlaw by B&W pursuant to a fixed price contact with standard and customary completion and performance guarantees. B&W intends to install a “bubbling fluidized bed” in the boiler, which represents the current state-of-the-art in low admission, advanced biomass combustion. B&W has completed a feasibility study confirming this approach. B&W is also expected to provide and guarantee the back-end emissions controls for the boiler to ensure compliance with New Hampshire Renewable Portfolio Standards, thus ensuring the Berlin Project’s ability to sell its renewable attributes, known as “RECs”.
In 2007, New Hampshire signed into law a state Renewable Portfolio Standard (“RPS”), which requires that utilities obtain 25% of their energy supply from renewable resources by 2025, with an annually increasing minimum requirements starting in 2008 until the 25% requirement is met in 2025. Utilities meet their legislative mandate by purchasing RECs from renewable generators or by paying into the state-established Renewable Energy Fund at a default rate per megawatt hour known as the “Alternative Compliance Payment”. Laidlaw is currently at an advanced stage of negotiations with a local utility concerning a 15 – 20 year power purchase agreement for 100% of the Berlin project’s power output, RECs and capacity.
Commencement of the construction of the project requires approval from the New Hampshire Site Evaluation Committee. Pursuant to recently passed legislation in New Hampshire (see NH Senate Bill 140), a final decision must be rendered on permit applications for renewable energy facilities with a capacity greater than 5 mW within 270 days. Laidlaw Berlin is currently in the process of finalizing its application to the NHSEC.
The existing infrastructure at the Facility provides a significant advantage in terms of the work involved in the construction of the the Berlin project as compared with a “Greenfield” project - a new power plant built from scratch . The key elements of the upgrades required to be made to the Facility are (i) the installation of the bubbling fluidized bed in the existing B&W boiler, (ii) the installation of the back-end emissions equipment for RPS compliance, (iii) the construction of a turbine building and installation of the steam turbine generator, and (iv) the construction of the fuel yard and installation of wood handling equipment (some of which already exists at the facility). The key elements of the project can all be accomplished pursuant to fixed price contracts with standard and customary completion guarantees.
LLEG's Ellicottville, New York Cogeneration and Hardwood Lumber Drying Facility
<img alt="" style="margin: 5px 5px 0px;" align="" border="0" vspace="0" hspace="0">
Laidlaw Energy’s first fuel conversion project is an innovative renewable energy project located in Cattaraugus County, New York. The renewable energy project involves the conversion of the Laidlaw Energy & Environmental natural gas cogeneration facility to utilize clean “wood biomass” or wood chips as its fuel source. Upon completion of the conversion to wood biomass, the facility will generate approximately 7 megawatts of electric output, of which approximately 6 megawatts will be exported to the grid pursuant to a long-term contract with the local utility. The remaining 1 MW will be utilized at the facility by a related lumber business, that will also use the excess heat and steam from the generation facility in order to custom kiln dry hardwood lumber. Aside from the production of green energy and the creation of a significant number of well-paying jobs, the conversion of this facility to wood biomass will eliminate the use of approximately 350 million cubic feet of natural gas per annum and neutralize the production of green house gases by the facility. All wood biomass utilized by the Facility will be “clean, source separated, unadulterated wood waste”, consistent with New York Department of Environmental Conservation (DEC) regulations. Such clean wood waste will mainly be comprised of ground pallets, whole tree chips, wood residue from local furniture manufacturers and other similar forms of wood waste. LLEG has worked closely with DEC during the development process of the fuel conversion project in order to ensure compliance with all applicable state and Federal environmental regulations.
Wood biomass is abundant in the Buffalo area where the plant is situated, since many local businesses generate a significant number of pallets that are used to receive, store and transport products. Many of these pallets end up in landfills or as a waste byproduct from remanufacturing. A substantial amount of wood chips are also generated from land clearing and as a waste product by furniture manufacturers and lumber mills. In order to capitalize on the abundant wood waste within close proximity to the Facility, LLEG has negotiated a long-term Fuel Supply Agreement with Cousineau Forest Products to provide wood chips for the Facility. Cousineau has been providing biomass boiler fuel to power plants and paper mills in the northeast for over 40 years. Headquartered in Strong, Maine, Cousineau is interested in expanding into Western New York and views a relationship with LLEG as a vehicle for that expansion. LLEG’s agreement with CFP, which provides for 100% of the Facility’s fuel requirement, also eliminates the need to manage numerous supply agreements with smaller wood chip sources, thus eliminating the pitfalls of dealing with smaller and potentially less reliable sellers.
Laidlaw Energy believes that the conversion of the facility to wood biomass is a winning strategy and a blueprint for future projects. In the case of the Ellicottville facility, conversion to wood biomass will dramatically reduce the facility’s operating costs, while allowing for increased electric capacity and the production of heat and steam for kiln drying hardwood at highly competitive prices. LLEG believes this strategy can be replicated in order to convert other facilities rendered uneconomic by high fossil fuel prices or as an alternative to coal generation, which can often result in significant hazardous emissions.
Set your sights on LLEG because this could be the NEXT EXPLOSIVE Stock!!
Hi Subscribers,
Our new pick is LLEG then trading at only 0.0058.
LLEG is about to break to new 2 year highs & should see a major momentum push in this shortened holiday week.
<img alt="" style="margin: 5px 5px 0px;" align="" border="0" vspace="0" hspace="0">
LLEG had a very strong Friday, closing at the highest point of the day of 0.0058!
LLEG more recent 6 month chart looks even more impressive!
<img alt="" style="margin: 5px 5px 0px;" align="" border="0" vspace="0" hspace="0">
Any seasoned technical chartist could tell you that LLEG is set to see a major break out!
LLEG was founded in 2002 with the objective of pursuing development and acquisition opportunities in the renewable energy and distributed power generation sector. Laidlaw Energy founder and CEO, Michael Bartoszek, owned and operated a predecessor company engaged in owning and operating natural gas fired power assets and a related hardwood lumber business. After selling his holdings in that business in late 2002, Mr. Bartoszek altered the focus of the company to pursue opportunities involving renewable energy, and particularly biomass energy, a fuel source abundant in the Northeastern United States where the Company operates.
LLEG is one of a small number of innovative companies that has developed and actively pursued the strategy of converting fossil fuel and idled power plants, as well as idled pulp and paper mills, to modern, environmentally advanced biomass-energy facilities. In 2004, Laidlaw Energy was regognized for former New York Governor George Pataki for employing this innovative strategy, when it was awarded a $1 million grant by the New York State Energy Research and Development Authority (NYSERDA) for its Western New York biomass combined heat and power project.
LLEG's business objective is to build a profitable portfolio of biomass energy plants and become the leading provider of biomass energy in the United States. In so doing, Laidlaw Energy intends to make a positive impact on the environment by providing a cleaner alternative to fossil fuel power, which will in turn help reduce greenhouse gas emissions that contribute to global warming and climate change.
LLEG has a strong and talented management team lead by its founder and CEO, Michael Bartoszek. Prior to founding Laidlaw Energy, Mr. Bartoszek spent over 10 years in the securities industry with a number of top investment firms. Later in his career on Wall Street, Mr. Bartoszek was engaged in advising energy and independent power companies in connection with acquisitions and financing.
Management & Employees
The principals of Laidlaw Energy Group have substantial experience in power development and operations, including biomass power retooling projects.
The Management team is lead by CEO and President Michael B. Bartoszek and Excecutive Vice President Louis T. Bravakis.
Michael B. Bartoszek- Founder, President and CEO - Michael Bartoszek fofunded Laidlaw Energy in 1999 and initially owned and operated natural gas fired generation assets and related entities. In 2003 he sold his natural gas holdings and began focusing exclusively on renewable energy. Mr Bartoszek has lead the team that has successfully developed the approximately 70 MW biomass energy project located in Berlin, NH. Prior to founding Laidlaw Energy, Mr. Bartoszek spent over 10 years in the securities industry with a number of top investment firms, including Merrill Lynch, Bear Stearns and Oppenheimer & Co. and served as President & CEO of W.R. Lazard. Later in his career in the securities industry, Mr. Bartoszek founded a successful boutique project finance advisory group that was engaged in advising energy and independent power companies in connection with acquisitions and financing .
Louis T. Bravakis - Vice President of Development - Louis Bravakis has been involved as anadvisor, project and construction manager, for numerous successful biomass energy projects. He founded and operated a successful manufacturer of biomass gasification systems and started his career in the industry by operating abusiness engaged in wood chipping. Mr. Bravakis worked together with Mr. Bartoszek to successfully lead the development of an approximately 70 MW biomass-energy facility located in Berlin, NH. He has substantial expertise in matters related to biomass and fuel handling.
Edward Meyers - Vice President of Investor Relations - Mr. Meyers career on Wall Street spans over 35 years, nearly 20 of which were spent at Kidder Peabody Co., where he was an equityholder. Prior to joining Laidlaw, Mr. Meyers was a senior executive with Core Pacific Securities, one of Asia's largest financial services firms.
T. Alex Bravakis - Associate Vice President of Project Development for Laidlaw Biopower, LLC. Mr. Bravakis takes the lead on identifying and analyzing new development opportunities. He also manages andc oordinates the involvement of all project contributors. Before joining Laidlaw Mr. Bravakis worked in a real estate investment firm that specialized in the development and financing of affordable housing projects throughout New York City's five boroughs.
Former U.S. Rep. Charles F. Bass (R-NH) - Senior Advisor to Management and a non-voting Member of the Laidlaw Board of Directors - Mr. Bass is a former six-term Member of the United State House of Representatives, entering office in 1995. He served as an influential member of theHouse Energy and Commerce Committee as vice-chairman of the Telecommunications and Internet Sub committee and majority whip for the Commerce, Trade, and Consumer Protection Sub committee. During his tenure in Congress, Bass also served on the Budget, Government Reform and Oversight, Intelligence, and Transportation and Infrastructure Committees. Mr. Bass has also operated a successful, family-owned small business and currently serves on the Board of Managers of New England Wood Pellet, a rapidly growing manufacturer of clean burning wood pellets for residential and commercial heat and power generation.
Gregory R. Blair - Laidlaw Project Manager &President of National Public Energy, Inc. Mr.Blair has over 30 years experience in the financing, development and management of large-scale energy and waste management projects. Mr. Blair has established an impressive track record as a problem solver and turnaround specialist through his work at National Public Energy, Inc. ("NPE"), which he founded in 1990. From 1991 to present, NPE has managed Biofmass One L.P., a privately held, twin stoker-grate boiler, 30MW (net) biomass energy project with over $60 million in assets and $24 million in annual revenues. In this capacity, Mr. Blair led Biomass One from $8.5 million of losses to profitability in the first eighteen months of NPE's involvement the the project. This was accomplished through the development and initiation of comprehensive plans for overall business managefment; including fuel acquisition strategies, commodities arbitrage techniques, new business development and O&M decision-making. NPE is Managing General Partner of Biomass One. While simultaneously maintaining his responsibilities with NPE, Mr. Blair was a Vice President at Enron International from 1997 to1999, where he led the Company's efforts in south India. From 1999-2001,he was a Vice President at Enron North America, specializing in asset acquisitions, project restructurings and risk management services. Mr. Blair began his career with National Westminster Bank USA, where he foundedthe Project Finance department. From 1984-1990 he closed non-recourse credit facilities totaling over $430 million for seven waste-to-energy ventures and one cogeneration project.
LLEG's Projects
The N.H. Site Evaluation Committee unanimously approvedLLEG'sBerlin BioPower’s application to construct and operate a 70-megawatt biomass plant in Berlin!
<img alt="" style="margin: 5px 5px 0px;" align="" border="0" vspace="0" hspace="0">
LLEG & PSNH reached a power purchase agreement where PSNH has agreed to buy 100% of the power output and Renewable Energy Certificates from LLEG for $1.43 Billion over 20 years.
Laidlaw Berlin BioPower, LLC, an affiliate of Laidlaw Energy Group, Inc., has acquired the former Fraser Paper Mill located in Berlin, NH (“the “Facility”), with the objective of converting and upgrading the existing facility infrastructure in order to construct an approximately 65 megawatt biomass-energy power plant.
Laidlaw purchased the Facility from North American Dismantling Corporation (“NAD”) in December 2008. NAD purchased the Facility from the Fraser Paper Company in May 2006. In connection with the purchase by Laidlaw, NAD has demolished all of the buildings and assets not associated with the biomass conversion and sold any scrap steel. The Northern region of New Hampshire where the facility is situated has experienced significant economic hardship over the last few years, due to the closure of several pulp and paper mills resulting in the loss of approximately 1,000 jobs.
The Berlin biomass-energy project (the “Berlin Project”) will be one of the largest and most environmentally sound biomass-energy facilities in the United States. The Berlin Project is expected to utilize in excess of 700,000 tons of clean whole tree wood chips per year in order to generate approximately 65 megawatts of electricity, thus generating substantial local economic activity for loggers, truckers and other local businesses.
The fuel source for the Berlin Project will be whole tree wood chips and other low-grade wood, often referred to as “biomass materials”, which are the byproducts of the local forest products industry and land management practices. Generally, whole tree chips are produced from trees unsuitable for use in lumber or paper mills, or from the tops and branches of trees harvested for lumber. Other clean wood products, such as wood residue from sawmills, is also suitable for fuel. Biomass fuel will be trucked to the facility in 20 ton live bottom trailers. The Facility also has rail access which may offer opportunities for cheap fuel from other regions (e.g., storm debris from the Southern U.S.). As discussed above, the substantial number of pulp and paper mill closures in the region has resulted in the loss of substantial jobs and a substantial reduction of biomass consumption, thus having a significant adverse effect on the regional economy. The Berlin Project will help to reverse this trend by investing over $25 million dollars per annum into the regional economy for biomass fuel purchases.
Among the key assets acquired by Laidlaw is the facility’s Babcock & Wilcox boiler, which was installed in 1993 at a cost of nearly $100 million. The B&W boiler, with a steam capacity of about 600,000 lbs per hour after biomass conversion, will be converted for Laidlaw by B&W pursuant to a fixed price contact with standard and customary completion and performance guarantees. B&W intends to install a “bubbling fluidized bed” in the boiler, which represents the current state-of-the-art in low admission, advanced biomass combustion. B&W has completed a feasibility study confirming this approach. B&W is also expected to provide and guarantee the back-end emissions controls for the boiler to ensure compliance with New Hampshire Renewable Portfolio Standards, thus ensuring the Berlin Project’s ability to sell its renewable attributes, known as “RECs”.
In 2007, New Hampshire signed into law a state Renewable Portfolio Standard (“RPS”), which requires that utilities obtain 25% of their energy supply from renewable resources by 2025, with an annually increasing minimum requirements starting in 2008 until the 25% requirement is met in 2025. Utilities meet their legislative mandate by purchasing RECs from renewable generators or by paying into the state-established Renewable Energy Fund at a default rate per megawatt hour known as the “Alternative Compliance Payment”. Laidlaw is currently at an advanced stage of negotiations with a local utility concerning a 15 – 20 year power purchase agreement for 100% of the Berlin project’s power output, RECs and capacity.
Commencement of the construction of the project requires approval from the New Hampshire Site Evaluation Committee. Pursuant to recently passed legislation in New Hampshire (see NH Senate Bill 140), a final decision must be rendered on permit applications for renewable energy facilities with a capacity greater than 5 mW within 270 days. Laidlaw Berlin is currently in the process of finalizing its application to the NHSEC.
The existing infrastructure at the Facility provides a significant advantage in terms of the work involved in the construction of the the Berlin project as compared with a “Greenfield” project - a new power plant built from scratch . The key elements of the upgrades required to be made to the Facility are (i) the installation of the bubbling fluidized bed in the existing B&W boiler, (ii) the installation of the back-end emissions equipment for RPS compliance, (iii) the construction of a turbine building and installation of the steam turbine generator, and (iv) the construction of the fuel yard and installation of wood handling equipment (some of which already exists at the facility). The key elements of the project can all be accomplished pursuant to fixed price contracts with standard and customary completion guarantees.
LLEG's Ellicottville, New York Cogeneration and Hardwood Lumber Drying Facility
<img alt="" style="margin: 5px 5px 0px;" align="" border="0" vspace="0" hspace="0">
Laidlaw Energy’s first fuel conversion project is an innovative renewable energy project located in Cattaraugus County, New York. The renewable energy project involves the conversion of the Laidlaw Energy & Environmental natural gas cogeneration facility to utilize clean “wood biomass” or wood chips as its fuel source. Upon completion of the conversion to wood biomass, the facility will generate approximately 7 megawatts of electric output, of which approximately 6 megawatts will be exported to the grid pursuant to a long-term contract with the local utility. The remaining 1 MW will be utilized at the facility by a related lumber business, that will also use the excess heat and steam from the generation facility in order to custom kiln dry hardwood lumber. Aside from the production of green energy and the creation of a significant number of well-paying jobs, the conversion of this facility to wood biomass will eliminate the use of approximately 350 million cubic feet of natural gas per annum and neutralize the production of green house gases by the facility. All wood biomass utilized by the Facility will be “clean, source separated, unadulterated wood waste”, consistent with New York Department of Environmental Conservation (DEC) regulations. Such clean wood waste will mainly be comprised of ground pallets, whole tree chips, wood residue from local furniture manufacturers and other similar forms of wood waste. LLEG has worked closely with DEC during the development process of the fuel conversion project in order to ensure compliance with all applicable state and Federal environmental regulations.
Wood biomass is abundant in the Buffalo area where the plant is situated, since many local businesses generate a significant number of pallets that are used to receive, store and transport products. Many of these pallets end up in landfills or as a waste byproduct from remanufacturing. A substantial amount of wood chips are also generated from land clearing and as a waste product by furniture manufacturers and lumber mills. In order to capitalize on the abundant wood waste within close proximity to the Facility, LLEG has negotiated a long-term Fuel Supply Agreement with Cousineau Forest Products to provide wood chips for the Facility. Cousineau has been providing biomass boiler fuel to power plants and paper mills in the northeast for over 40 years. Headquartered in Strong, Maine, Cousineau is interested in expanding into Western New York and views a relationship with LLEG as a vehicle for that expansion. LLEG’s agreement with CFP, which provides for 100% of the Facility’s fuel requirement, also eliminates the need to manage numerous supply agreements with smaller wood chip sources, thus eliminating the pitfalls of dealing with smaller and potentially less reliable sellers.
Laidlaw Energy believes that the conversion of the facility to wood biomass is a winning strategy and a blueprint for future projects. In the case of the Ellicottville facility, conversion to wood biomass will dramatically reduce the facility’s operating costs, while allowing for increased electric capacity and the production of heat and steam for kiln drying hardwood at highly competitive prices. LLEG believes this strategy can be replicated in order to convert other facilities rendered uneconomic by high fossil fuel prices or as an alternative to coal generation, which can often result in significant hazardous emissions.
Set your sights on LLEG because this could be the NEXT EXPLOSIVE Stock!!
Good stuff Tanner. Thanks for helping keep this thread alive. I've been working alot lately and not even watching the stock much and letting it do its thing.
I know lots of us have millions of shares in this so we are up very good money. I'm up almost 130 grand. Can't believe it.
Lets hope the news will be good and this isn't a pump and dump.
I know lots of us have millions of shares in this so we are up very good money. I'm up almost 130 grand. Can't believe it.
Lets hope the news will be good and this isn't a pump and dump.
im up around 25k but i made another 5k or so on the run last year...i have no clue what to do with this right now...i think its a winner but im nervous sitting on big gains and not cashing...ive messed up selling early...and other times selling late...would prefer to hold into the new year to delay the capital gains hit...i hate to say it but id rather see some consolidation and churning of shares for a week or two rather then this speedball shit....
also stockegg.com is promoing this for tomorrow
also stockegg.com is promoing this for tomorrow
what level did you get in at if you dont mind me asking?
i was also very enthused by Mike's comments. obviously he is gonna wanna paint a good picture but he seems like he's legitimately shaking with excitement over the possibilities this year. thats just my 2 cents based up the breaking down of his posts
i was also very enthused by Mike's comments. obviously he is gonna wanna paint a good picture but he seems like he's legitimately shaking with excitement over the possibilities this year. thats just my 2 cents based up the breaking down of his posts
