just like a said....we got news today (stock is mimics the same behavior over and over)
Laidlaw Energy Group, Inc. (Ticker symbol "LLEG") announced today that is has acquired control of the power plant located at the former Polaroid manufacturing facility in New Bedford, Massachusetts.
The power plant is currently operational and serves the thermal energy needs of the existing tenants located at the facility. Laidlaw’s plan is to operate the plant as currently configured for the moment while taking the necessary steps to modernize the plant in order to substantially increase its thermal efficiency and to also add an electric generation component in order to create a combined heat and power project. The hope is that the upgrades to the plant will attract additional tenants to the site and ultimately create a green energy park. There are also neighboring businesses in the industrial park where the plant is situated that may be able to benefit from the excess output of Laidlaw’s plant.
This new asset is expected to add several million dollars in revenue per annum to Laidlaw’s income statement and once the upgrades are complete it is expected it will create substantial savings for the end-users and a good profit margin for Laidlaw.
The successful conclusion of this transaction is the first in a series of planned acquisitions that Laidlaw is pursuing across the U.S. Laidlaw is currently in the advanced stages of several other planned acquisitions located in the Northeast, Southeast and West Coast of the U.S.
Laidlaw Energy Group, Inc. (Ticker symbol "LLEG") announced today that is has acquired control of the power plant located at the former Polaroid manufacturing facility in New Bedford, Massachusetts.
The power plant is currently operational and serves the thermal energy needs of the existing tenants located at the facility. Laidlaw’s plan is to operate the plant as currently configured for the moment while taking the necessary steps to modernize the plant in order to substantially increase its thermal efficiency and to also add an electric generation component in order to create a combined heat and power project. The hope is that the upgrades to the plant will attract additional tenants to the site and ultimately create a green energy park. There are also neighboring businesses in the industrial park where the plant is situated that may be able to benefit from the excess output of Laidlaw’s plant.
This new asset is expected to add several million dollars in revenue per annum to Laidlaw’s income statement and once the upgrades are complete it is expected it will create substantial savings for the end-users and a good profit margin for Laidlaw.
The successful conclusion of this transaction is the first in a series of planned acquisitions that Laidlaw is pursuing across the U.S. Laidlaw is currently in the advanced stages of several other planned acquisitions located in the Northeast, Southeast and West Coast of the U.S.
City close to PILT agreement with Laidlaw
By Barbara Tetreault
Apr
13, 2011 12:00 am
The city and Laidlaw Berlin BioPower/Berlin Station LLC are close to finalizing a payment in lieu of taxes agreement for the proposed 75-megawatt biomass plant.
The 20-year agreement would include annual payments in lieu of property taxes as well as annual fees for use of city water and sewer systems
Mayor Paul Grenier told the city council Monday night the city has “a blueprint of an agreement with Laidlaw” and expects it will be completed in one more session. Once the agreement is finalized, it must then go to the city council for approval. The water commission must also approve the water fee.
Payments in lieu of taxes (or PILT) agreements are not uncommon for large renewable energy projects. Coos County signed one with Granite Reliable Power for the 33-turbine wind farm in Phillips Brook.
As a result of the PILT discussions, City Manager
Patrick MacQueen presented the council with a draft ordinance setting a special sewer rate for large commercial/industrial users. The rate would cover industrial users who generate high volumes of low strength effluent. The draft ordinance set a minimum threshold of over 150,000 gallons of waste a day. MacQueen explained the Laidlaw plant would produce a lot of effluent but described it as close to storm water in make-up. He said it would require little treatment.
MacQueen described Laidlaw as a unique customer. He said the federal prison will discharge a high volume of effluent into the city’s system but the prison waste is high strength and will require full treatment.
Grenier said Laidlaw would become one of the city’s biggest sewer customers and would pay $312,000 annually to the city for sewer services. He said the effluent coming from the Laidlaw plant would be warm which would help the city’s biological process at the sewer treatment plant. Grenier said Laidlaw will also purchase water from the city and would become Berlin Water Works’ biggest water user.
In a follow-up interview, Grenier described the PILT as providing huge benefits for both parties. He said Berlin will know what it will receive for revenues for the next 20 years and can budget accordingly. The water and sewer revenues from Laidlaw will help replace some of the revenues lost from the closing of the pulp mill. On the other side, Grenier said Laidlaw would be able to develop its business plan
with fixed costs for taxes, water, and sewer.
Grenier said negotiations between the two parties on a PILT have been underway for about nine months. He said he and the city manager have been negotiating for the city. After the first exploratory sessions, he said the city brought its consultant, George Sansoucy, into the discussions. Negotiating for Cate Street Capital is Charles Grecco, Lou Bravakis, and Ray Kushe.
Laidlaw has filed a motion with the N.H. Site Evaluation Committee to transfer its certificate to build and operate the biomass plant to Berlin Station LLC. A public meeting on the motion is scheduled in Concord on April 22. The city has filed as an intervenor in that process.
Laidlaw is also waiting for a decision from the state Public Utilities Commission on its power purchase agreement with Public Service of N.H.
(Reporter Barbara Tetreault can be reached at barbara@berlindailysun.com)
By Barbara Tetreault
Apr
13, 2011 12:00 am The city and Laidlaw Berlin BioPower/Berlin Station LLC are close to finalizing a payment in lieu of taxes agreement for the proposed 75-megawatt biomass plant.
The 20-year agreement would include annual payments in lieu of property taxes as well as annual fees for use of city water and sewer systems
Mayor Paul Grenier told the city council Monday night the city has “a blueprint of an agreement with Laidlaw” and expects it will be completed in one more session. Once the agreement is finalized, it must then go to the city council for approval. The water commission must also approve the water fee.
Payments in lieu of taxes (or PILT) agreements are not uncommon for large renewable energy projects. Coos County signed one with Granite Reliable Power for the 33-turbine wind farm in Phillips Brook.
As a result of the PILT discussions, City Manager
Patrick MacQueen presented the council with a draft ordinance setting a special sewer rate for large commercial/industrial users. The rate would cover industrial users who generate high volumes of low strength effluent. The draft ordinance set a minimum threshold of over 150,000 gallons of waste a day. MacQueen explained the Laidlaw plant would produce a lot of effluent but described it as close to storm water in make-up. He said it would require little treatment. MacQueen described Laidlaw as a unique customer. He said the federal prison will discharge a high volume of effluent into the city’s system but the prison waste is high strength and will require full treatment.
Grenier said Laidlaw would become one of the city’s biggest sewer customers and would pay $312,000 annually to the city for sewer services. He said the effluent coming from the Laidlaw plant would be warm which would help the city’s biological process at the sewer treatment plant. Grenier said Laidlaw will also purchase water from the city and would become Berlin Water Works’ biggest water user.
In a follow-up interview, Grenier described the PILT as providing huge benefits for both parties. He said Berlin will know what it will receive for revenues for the next 20 years and can budget accordingly. The water and sewer revenues from Laidlaw will help replace some of the revenues lost from the closing of the pulp mill. On the other side, Grenier said Laidlaw would be able to develop its business plan
with fixed costs for taxes, water, and sewer. Grenier said negotiations between the two parties on a PILT have been underway for about nine months. He said he and the city manager have been negotiating for the city. After the first exploratory sessions, he said the city brought its consultant, George Sansoucy, into the discussions. Negotiating for Cate Street Capital is Charles Grecco, Lou Bravakis, and Ray Kushe.
Laidlaw has filed a motion with the N.H. Site Evaluation Committee to transfer its certificate to build and operate the biomass plant to Berlin Station LLC. A public meeting on the motion is scheduled in Concord on April 22. The city has filed as an intervenor in that process.
Laidlaw is also waiting for a decision from the state Public Utilities Commission on its power purchase agreement with Public Service of N.H.
(Reporter Barbara Tetreault can be reached at barbara@berlindailysun.com)
give it some time....flippers bought in yesterday and then sold today...we will tick up into the high .004's and low .005's again within a couple days....PSNH and Laidlaw are looking over the conditional approval as we speak and they have 30 days to respond...this contract is estimated to be worth 1.3 BILLION dollars even with the changes....i bought around 500,000 today at the lows....this stock is a winner just stick with it and youll be very happy...
i added a few 100K today...selling picked up today with a big fat red candle....hopefully the loose hands are shaken and we can start a new uptrend...sec meeting mid may with the deadline for conditional PUC approval a few days before hand...
this is a 1.3 billion dollar profit based upon the conditional approval...
electricity is so heavily regulated this has been BEYOND a nightmare to deal with...nothing seems to come easy here...would love to hear some news on other projects or the uplisting in the meantime...mike said that the auditors were past due on the OTC application and we are merely waiting on them for the uplisting to get moving....
LLEG has a page on facebook where we all talk so look us up..
this is a 1.3 billion dollar profit based upon the conditional approval...
electricity is so heavily regulated this has been BEYOND a nightmare to deal with...nothing seems to come easy here...would love to hear some news on other projects or the uplisting in the meantime...mike said that the auditors were past due on the OTC application and we are merely waiting on them for the uplisting to get moving....
LLEG has a page on facebook where we all talk so look us up..
additional DD for all interested
With the following accomplishments and projects in the works, LLEG should be trading well into the pennies at this point. Here is what we have now and what we know is coming in the near and not to distant future with LLEG which flies in the face of predictions of gloom or doom for LLEG;
1. Unanimous approval of the site permit by the NHSEC for the Berlin project. Currently, due to reoganizational changes brought on during financing negotiations and planned upgrades to the plants boiler and turbine improving efficiency, the structural changes to the organizational structure of the project have brought on the need for NHSEC approval of those changes. While some may CLAIM that this will require all new hearings and a lengthy process, fact is that most of these changes are superficial and will be rubber stamped in a fashion. While some may require some additional input, the NHSEC, IMO, will not allow this to be turned into another circus show like the first time through and most definitely WILL NOT allow the same old SETTLED MATERIAL points to be rehashed. The second approval is as assured as the first one was.
2. Despite the claims of many that we would not get approval of the PPA by the NHPUC, we did just that recently. Yes, it was conditional and it will either be accepted by the parties as proposed or will be negotiated to a middle ground position. Let's face it, even CPD wrote in support at the end admitting they had themselves proposed an almost identical PPA stating it was what would be necessary to conduct their business plan. This will likely be resolved within thirty days or shortly thereafter with approval of an extension of time to negotiate a new PPA with terms acceptable to all. End Story, this too will get final approval SOON.
3. BERLIN some say is no longer our project due to the fact that we had disclosed the intent of LLEG to sell their Equity interest in Berlin. Yet what many here are forgetting is that we have had just as reliable information come out by Mike that we do indeed retain a substantial interest in Berlin. Whether this be by a management contract, stock ownership of the new entity taking over NewCo, or whatever the case may be, the fact is that the deal is not finished or Mike would have informed us of the details by now and LLEG and Mike would not be continuing to work on the project. SO WE ARE NOT OUT OF THE BERLIN DEAL. At least not yet, and certainly not for the few million recieved so far in payments for our work on that project by our partners in that project. SO on BERLIN, MUCH MORE TO COME FOR LLEG.
4. We just managed to take over ownership and operations of the WARE MA. facility which is currently producing power, thermal energy needs of a customer and revenue. As the CEO stated in his PR, this will generate millions in revenue for LLEG THIS YEAR. THIS IS A MAJOR WIN that thus far has been totally unrecognized by the investment community. Does the PR state what we paid for it or what the planned improvements are or what they will cost, NO. And I say, WHO CARES??? I am no expert on power plants, their value, operations or any other aspect so much of this information is irrelevent except to someone with either expertise or an agenda. I trust that Mike and his team are doing exactly as they said they would. Making sure they get value for every cent put into every deal. Thus far they have done great and now, thanks to this deal, we have an OPERATIONAL PLANT GENERATING REVENUE in OUR PORTFOLIO.
5. We are currently past the ESTIMATED timeline for an anticipated of closing the deal to acquire yet another facility for LLEG's portfolio. This one being the Renegy plant in CA. for which we currently have an executed LOI. While we are running past the EXPECTED timeline for closing this transaction, as we have all seen and experianced in recent times, these transactions tend to be VERY technical, complicated and are heavily regulated. Many, Many i's to dot and t's to cross. This deal will get done and will also be a very exciting and lucrative acquisition for LLEG.
6. Next in line is the planned UpListing of LLEG to the OTCBB. The paperwork for this likely will be completed and filed without advance notice and at last word was simply being held up by the accounting firm doing the certified financials failing to live up to their estimated completion date for those financials. Once these are completed, which may be ANY DAY NOW, we likely will be also ready to file the necessary paperwork with the S.E.C. to begin the UpListing proceedure. Once this happens, all bets are off as to LLEG's pps. With the increased exposure and larger pool of investors that comes with this move, I can see the pps of LLEG moving into multiple pennies within days, easily.
7. In so far as other projects currently being worked on by LLEG, we are working on other projects in the Northeast, Southeast and Midwest. These would all be either acquisitions or partnerships with partners holding minority positions as LLEG has also stated from this time forward, LLEG's intent is to build their portfolio as either the sole owners of these properties or at a minimum, the majority stakeholder in every project coming down the road.
Why we continue to be undervalued may lie in the fact that Mike and LLEG are not typical pink operators. LLEG does NOT put out constant fluff PR's, run paid PR campaigns or any of the other typical shenanigans that many other pink compaines are involved in. We are a real company, with real assets, not merely projections and plans, and when the market realizes this undervalued GEM is sitting right here, and takes note of their accomplishments and their potential, look out above as we will smash through any and all resistance on our way to the PLAID zone.
The following are some links for those interested in checking out LLEG for an investment opportunity;
PUC grants Laidlaw conditional approval on PPA
http://www.berlindailysun.com/local-news/story/puc-grants-laidlaw-conditional-approval-ppa
Laidlaw Energy Acquires New Power Generation Asset
http://www.businesswire.com/news/ho...aidlaw-Energy-Acquires-Power-Generation-Asset
Laidlaw Energy to Become Fully Reporting SEC Registrant
http://ih.advfn.com/p.php?pid=nmona&article=44920145
Laidlaw Energy to Acquire California Biomass Plant
http://ih.advfn.com/p.php?pid=nmona&article=46271304
Laidlaw Energy Reports 2010 Earnings of $2.4 Million
http://www.businesswire.com/news/ho...dlaw-Energy-Reports-2010-Earnings-2.4-Million
http://laidlawenergy.com/News
http://www.laidlawenergy.com/Investors
http://www.laidlawenergy.com/Future_Project
http://www.laidlawenergy.com/NH_Project
http://www.laidlawenergy.com/
BERLIN, N.H. – The owners of the Laidlaw project have reached a preliminary agreement to allow a green technology company to co-locate a production facility on the site, creating 65 new jobs.
http://laidlawenergy.blogspot.com/
http://twitter.com/#!/laidlawenergy
My Favorite Recent Comments of Our CEO's (MIKE);
MIKE BARTOSZEK, CEO of LLEG, Confirms CA. Plant status;
With the following accomplishments and projects in the works, LLEG should be trading well into the pennies at this point. Here is what we have now and what we know is coming in the near and not to distant future with LLEG which flies in the face of predictions of gloom or doom for LLEG;
1. Unanimous approval of the site permit by the NHSEC for the Berlin project. Currently, due to reoganizational changes brought on during financing negotiations and planned upgrades to the plants boiler and turbine improving efficiency, the structural changes to the organizational structure of the project have brought on the need for NHSEC approval of those changes. While some may CLAIM that this will require all new hearings and a lengthy process, fact is that most of these changes are superficial and will be rubber stamped in a fashion. While some may require some additional input, the NHSEC, IMO, will not allow this to be turned into another circus show like the first time through and most definitely WILL NOT allow the same old SETTLED MATERIAL points to be rehashed. The second approval is as assured as the first one was.
2. Despite the claims of many that we would not get approval of the PPA by the NHPUC, we did just that recently. Yes, it was conditional and it will either be accepted by the parties as proposed or will be negotiated to a middle ground position. Let's face it, even CPD wrote in support at the end admitting they had themselves proposed an almost identical PPA stating it was what would be necessary to conduct their business plan. This will likely be resolved within thirty days or shortly thereafter with approval of an extension of time to negotiate a new PPA with terms acceptable to all. End Story, this too will get final approval SOON.
3. BERLIN some say is no longer our project due to the fact that we had disclosed the intent of LLEG to sell their Equity interest in Berlin. Yet what many here are forgetting is that we have had just as reliable information come out by Mike that we do indeed retain a substantial interest in Berlin. Whether this be by a management contract, stock ownership of the new entity taking over NewCo, or whatever the case may be, the fact is that the deal is not finished or Mike would have informed us of the details by now and LLEG and Mike would not be continuing to work on the project. SO WE ARE NOT OUT OF THE BERLIN DEAL. At least not yet, and certainly not for the few million recieved so far in payments for our work on that project by our partners in that project. SO on BERLIN, MUCH MORE TO COME FOR LLEG.
4. We just managed to take over ownership and operations of the WARE MA. facility which is currently producing power, thermal energy needs of a customer and revenue. As the CEO stated in his PR, this will generate millions in revenue for LLEG THIS YEAR. THIS IS A MAJOR WIN that thus far has been totally unrecognized by the investment community. Does the PR state what we paid for it or what the planned improvements are or what they will cost, NO. And I say, WHO CARES??? I am no expert on power plants, their value, operations or any other aspect so much of this information is irrelevent except to someone with either expertise or an agenda. I trust that Mike and his team are doing exactly as they said they would. Making sure they get value for every cent put into every deal. Thus far they have done great and now, thanks to this deal, we have an OPERATIONAL PLANT GENERATING REVENUE in OUR PORTFOLIO.
5. We are currently past the ESTIMATED timeline for an anticipated of closing the deal to acquire yet another facility for LLEG's portfolio. This one being the Renegy plant in CA. for which we currently have an executed LOI. While we are running past the EXPECTED timeline for closing this transaction, as we have all seen and experianced in recent times, these transactions tend to be VERY technical, complicated and are heavily regulated. Many, Many i's to dot and t's to cross. This deal will get done and will also be a very exciting and lucrative acquisition for LLEG.
6. Next in line is the planned UpListing of LLEG to the OTCBB. The paperwork for this likely will be completed and filed without advance notice and at last word was simply being held up by the accounting firm doing the certified financials failing to live up to their estimated completion date for those financials. Once these are completed, which may be ANY DAY NOW, we likely will be also ready to file the necessary paperwork with the S.E.C. to begin the UpListing proceedure. Once this happens, all bets are off as to LLEG's pps. With the increased exposure and larger pool of investors that comes with this move, I can see the pps of LLEG moving into multiple pennies within days, easily.
7. In so far as other projects currently being worked on by LLEG, we are working on other projects in the Northeast, Southeast and Midwest. These would all be either acquisitions or partnerships with partners holding minority positions as LLEG has also stated from this time forward, LLEG's intent is to build their portfolio as either the sole owners of these properties or at a minimum, the majority stakeholder in every project coming down the road.
Why we continue to be undervalued may lie in the fact that Mike and LLEG are not typical pink operators. LLEG does NOT put out constant fluff PR's, run paid PR campaigns or any of the other typical shenanigans that many other pink compaines are involved in. We are a real company, with real assets, not merely projections and plans, and when the market realizes this undervalued GEM is sitting right here, and takes note of their accomplishments and their potential, look out above as we will smash through any and all resistance on our way to the PLAID zone.
The following are some links for those interested in checking out LLEG for an investment opportunity;
PUC grants Laidlaw conditional approval on PPA
http://www.berlindailysun.com/local-news/story/puc-grants-laidlaw-conditional-approval-ppa
Laidlaw Energy Acquires New Power Generation Asset
http://www.businesswire.com/news/ho...aidlaw-Energy-Acquires-Power-Generation-Asset
Laidlaw Energy to Become Fully Reporting SEC Registrant
http://ih.advfn.com/p.php?pid=nmona&article=44920145
Laidlaw Energy to Acquire California Biomass Plant
Quote:Bartoszek went on to state “This transaction is part of a larger strategy of growth and diversification that we have been working on for some time. We shortly expect to announce another major acquisition that will further expand our business.
http://ih.advfn.com/p.php?pid=nmona&article=46271304
Laidlaw Energy Reports 2010 Earnings of $2.4 Million
http://www.businesswire.com/news/ho...dlaw-Energy-Reports-2010-Earnings-2.4-Million
http://laidlawenergy.com/News
http://www.laidlawenergy.com/Investors
http://www.laidlawenergy.com/Future_Project
http://www.laidlawenergy.com/NH_Project
http://www.laidlawenergy.com/
BERLIN, N.H. – The owners of the Laidlaw project have reached a preliminary agreement to allow a green technology company to co-locate a production facility on the site, creating 65 new jobs.
http://laidlawenergy.blogspot.com/
http://twitter.com/#!/laidlawenergy
My Favorite Recent Comments of Our CEO's (MIKE);
Quote:It's approved. Approval of contracts of this type ALWAYS comes with conditions. No surprise there. The fat lady has done her singing and no amount of spin and damage control on the part of project opponents can change that.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62210924 Quote:Folks financial results = revenues, earnings, etc. Our "financial statements" will be contained in our registration statement out in March.
Quote:LLEG will be releasing 2010 financial results prior to the open of trading on Tuesday 2/22
http://twitter.com/laidlawenergy Quote:We still have a substantial financial interest in that project. To the extent we are cashed out at project financial closing my goal is to buy an operating plant that will immediately add revenue to the company. Hopefully you should be able to read all the details when our registration statement is filed. We have targeted several new deals that have not been previously discussed, so there may be a few surprises coming down the road hopefully very soon. Have a great holiday.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57081814 Quote:I agree. Going forward LLEG will be the 100% equity holder of all projects currently under development or targeted as acquisitions unless we do a JV on a project with a strategic partner or sell some equity in the project for project financing purposes. This should make everything much clearer and less cumbersome moving forward.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57082018 Quote:You are absolutely incorrect to suggest that the new projects we are developing are somehow dependent on anything related to Berlin.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57727911 Quote:You are correct that our goal is to deploy capital in areas that will accelerate revenues and allow for less dependence on third party financing, but the rest of you post is just incorrect. We have working capital and we have the means to make other acquisitions and expect to do so very shortly. Enough said.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57728078 MIKE BARTOSZEK, CEO of LLEG, Confirms CA. Plant status;
Quote:It is fully permitted and near complete. It requires some upgrades but nothing that will prevent it from being operable this year. A long term PPA is currently being negotiated.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59527345new filing on the lleg sec docket today....was good news for laidlaw...the synopsis was if people were going to intervene they were only able to intervene on the argument of the changes made to the sec application not the whole application itself....it looks like there is one lonely intervenor so things shoot move through rather nicely...lots of key dates next week with the final hearing set for the 18th...this is the time to be loading...this is getting approved...the writing is on the wall!
