Quick Laidlaw update:
Laidlaw has submitted its permit and is currently waiting for this lenghtly process and get the permit approved. Hopefully by the end of the year we will get our yes.
The good news so far is that Public Service of NH wants Laidlaw to produce power (20 year purchasing agreement) and so does the powers that be in Concord, NH who make the final decisions.
The bad news is that the city counsil and some citizens of Berlin don't want Laidlaw to convert the Fraser Mill into a biomass facitlity. They think this land would work better for a casino. Keep in mind Berlin is hurting for jobs and money but they still want a casino and a biomass facility built in the outskirts of town.
To sum this up, from what I have read from posters who know way more than I do about Laidlaw, there is not much the city of Berlin can do to stop them but protest. The powers that make can make this happen for Laidlaw are FOR this biomass facility and they are moving forward as planned.
I haven't heard anything about the Ellicottville, NY court decision and I know Laidlaw pulled out of Heineker for now. Fine by me, I think they aren't ready to pursue another project until this one is up and running.
Since I am a degenerate, I am still trying to buy more even though I have enough shares of this company.
My buy orders are only in at .0004 from now on and every few days, I get one filled.
I really like this company, we just need news of something new and postive updates on Berlin.
Laidlaw has submitted its permit and is currently waiting for this lenghtly process and get the permit approved. Hopefully by the end of the year we will get our yes.
The good news so far is that Public Service of NH wants Laidlaw to produce power (20 year purchasing agreement) and so does the powers that be in Concord, NH who make the final decisions.
The bad news is that the city counsil and some citizens of Berlin don't want Laidlaw to convert the Fraser Mill into a biomass facitlity. They think this land would work better for a casino. Keep in mind Berlin is hurting for jobs and money but they still want a casino and a biomass facility built in the outskirts of town.
To sum this up, from what I have read from posters who know way more than I do about Laidlaw, there is not much the city of Berlin can do to stop them but protest. The powers that make can make this happen for Laidlaw are FOR this biomass facility and they are moving forward as planned.
I haven't heard anything about the Ellicottville, NY court decision and I know Laidlaw pulled out of Heineker for now. Fine by me, I think they aren't ready to pursue another project until this one is up and running.
Since I am a degenerate, I am still trying to buy more even though I have enough shares of this company.
My buy orders are only in at .0004 from now on and every few days, I get one filled.
I really like this company, we just need news of something new and postive updates on Berlin.
Few updates incase anyone is following Laidlaw.
Laidlaw met with the city counsil of Berlin tonight to talk about the Biomass facility. The town has some support for Laidlaw and some against because the location is in the middle of town for the Biomass facility.
I will post notes of the meeting or a link, when I can. This would be a big deal if this meeting goes well and Laidlaw get more town support.
Laidlaw met with the city counsil of Berlin tonight to talk about the Biomass facility. The town has some support for Laidlaw and some against because the location is in the middle of town for the Biomass facility.
I will post notes of the meeting or a link, when I can. This would be a big deal if this meeting goes well and Laidlaw get more town support.
Meeting went very well last night. Laidlaw is off to a good start. A slow one but a good one. Here is the blog from the CEO Michael Bartoszek about last nights meeting. Laidlaw got a round of applause after the meeting.
Tuesday, February 10, 2009
Greetings from Berlin, NH...
We made a presentation to the Berlin, NH City Council last night to provide an outline of our plans for our Berlin biomass energy project.
I really enjoyed meeting the council members and others who showed up to hear our presentation. They seem like very nice people. They asked good questions and I thought it was a very productive meeting. There seemed to be well over 50 people (I would guess about 80 - 90 total) in the audience, many of whom I am told are in support of the project, listening to the presentation. They gave us a nice round of applause after we finished.
I really look forward to working with the council and the community as this project moves forward.
Below is a copy of my remarks from the council meeting...
Michael Bartoszek and I am President of Laidlaw Energy. With me this evening are my colleagues Lou Bravakis and Ray Kusche, as well as our attorney Barry Needleman, who is representing us in connection with permitting for our project.
We are pleased to be here this evening to present an outline of our plan for a state-of-the-art biomass energy facility to be situated at the former Burgess Mill site. Due to the nature and environmental history of the site, as well as the various obligations and encumbrances on the property that have been accumulated over many decades, it took us quite a bit longer than we expected to navigate these issues and close the acquisition of the property. Now that we have done so, we are now in a position to present our plans to the council.
In the near future, we plan to file an application with the Environmental Facilities Site Evaluation Committee for the permitting of the facility. As the host community, the city will have an important role in this process and we look forward to working with council members and city officials to make this important project a win-win for all concerned.
Our project will be part of the new energy economy, not a return to an old industrial economy. In our new energy economy, we will create and support stable jobs that pay well and that can never be outsourced like the manufacturing jobs of the old industrial economy. In addition, alternative energy sources like biomass not only reduce our regional dependence on volatile and often expensive natural gas, thus helping hold down electricity costs, it also helps reduce our overall dependence on foreign fossil fuels and transference of wealth to regimes that we wouldn't ordinarily chose to subsidize.
Our project will help the state of New Hampshire meet its renewable energy goal of obtaining 25% of its energy supply from renewable resources by 2025 and in so doing help contribute to a cleaner environment for the people of New Hampshire. It will also effectively utilize resources that are abundant in the North Country – and by this I mean not only biomass, which we are committed to procuring in a sustainable manner, but the skilled and hard working people of the North Country who need these jobs.
Our biomass energy facility, coupled with the wind and other types of alternative energy projects that be built in the future, will help make Berlin and Coos County national leaders in the production of clean renewable energy and the reduction of greenhouse gases that contribute to global warming.
It will also convert a brownfield site with significant environmental issues that serve as a significant barrier to development, into a working asset for the city that will pave the way for additional economic development and employment.
Specifically, our project will directly employ 40 people in jobs with a combined annual payroll of approximately $2 million dollars.
The facility will spend $20 - $25 million per annum on biomass fuel purchases, a large portion of which will go into the regional economy to local loggers and truckers, as it is in our interest to obtain as much of our fuel as possible as close to the plant as possible. This will help rebuild the wood economy of the North Country.
This project involves a capital investment in excess of $100 million dollars and to ensure that these dollars go to work in the regional economy we have entered into an agreement with local labor unions with the objective that a significant portion of the construction costs go to firms that employ New Hampshire workers.
Our project will help support existing businesses in the area. We have been working closing with Fraser Papers and have entered into a memorandum of understanding to supply them with hot water from our facility and thereby help reduce their energy costs.
Additionally, our facility will only occupy a small portion of the overall site and we believe that our efforts to redevelop the site will attract other business to the area and also allow for other community benefits, such as the construction of a river walk. Indeed, we are willing to work with the city to acquire the balance of the site from North American Dismantling and prepare it for redevelopment.
We propose the formation of a non-profit organization organized under section 501c3 of the tax code to acquire the property. The non-profit entity will be guided by a board of directors comprised of city representatives, business leaders and others from the private sector and academia who will oversee a plan to redevelop the balance of the site. We are willing to provide seed funding for this entity and also use our resources to obtain additional funding. We believe this plan will create a significant economic development opportunity for the city.
In addition to the benefits I have already mentioned, the city will benefit from the tax revenue associated with our biomass energy facility, which will certainly be in excess of a million dollars per annum – making us one of the largest tax payers in the city. Those tax dollars will provide critical resources for improving the city's schools and much-needed tax relief for residents.
We at Laidlaw look forward to being an active and constructive member of the Berlin and Coos County community. We are committed to working with you and the community. In this regard we have spent considerable time over the past several months meeting with business and community leaders and area residents in order to listen to and address their concerns and we fully intend to continue to do so in the future. In speaking with members of the community it is without question that the greatest concern we have heard from residents is that of jobs and the wellbeing of the local economy. In light of the precipitous decline of the U.S. economy over the last few months, it is likely that the concern among Berlin residents as to the availability of stable jobs and the soundness of the local economy will become even greater in the months to come.
The broad experience of our development team, specifically in the areas of plant management, biomass operations and project financing will help ensure that our project achieves its objectives. This experience is augmented by a world class team of engineers, consultants and construction professionals. Despite our currently troubled national economy and financial markets, we have been able to close on the financing necessary to fund the development of the project, a fact that supports both the merits of the project and the people developing it. Additionally, our relationship with Public Service of New Hampshire, who will buy the power and other attributes from the plant pursuant to a 20 year contract, further strengthens the financial soundness and longevity of the project.
In conclusion, we understand that good intentions are not enough. We must set high standards for both our performance and our integrity. We must be good neighbors and be willing to listen to concerns and work with the community.
We hope that you will be willing to keep an open mind and work with us to make this project a win-win for all concerned.
Now I would like to turn things over to our attorney, Barry Needleman, who will discuss the Environmental Facilities Site Evaluation Committee process.
Posted by Michael Bartoszek at 10:45 AM 0 comments
<IFRAME align=right marginWidth=0 marginHeight=0 src="http://usas1.advfn.com/oasis/oasisi-i.php?s=43&w=336&h=280&t=_blank" frameBorder=0 width=336 scrolling=no height=280>
</IFRAME>
Here's the post in his blogs:Tuesday, February 10, 2009
Greetings from Berlin, NH...
We made a presentation to the Berlin, NH City Council last night to provide an outline of our plans for our Berlin biomass energy project.
I really enjoyed meeting the council members and others who showed up to hear our presentation. They seem like very nice people. They asked good questions and I thought it was a very productive meeting. There seemed to be well over 50 people (I would guess about 80 - 90 total) in the audience, many of whom I am told are in support of the project, listening to the presentation. They gave us a nice round of applause after we finished.
I really look forward to working with the council and the community as this project moves forward.
Below is a copy of my remarks from the council meeting...
Michael Bartoszek and I am President of Laidlaw Energy. With me this evening are my colleagues Lou Bravakis and Ray Kusche, as well as our attorney Barry Needleman, who is representing us in connection with permitting for our project.
We are pleased to be here this evening to present an outline of our plan for a state-of-the-art biomass energy facility to be situated at the former Burgess Mill site. Due to the nature and environmental history of the site, as well as the various obligations and encumbrances on the property that have been accumulated over many decades, it took us quite a bit longer than we expected to navigate these issues and close the acquisition of the property. Now that we have done so, we are now in a position to present our plans to the council.
In the near future, we plan to file an application with the Environmental Facilities Site Evaluation Committee for the permitting of the facility. As the host community, the city will have an important role in this process and we look forward to working with council members and city officials to make this important project a win-win for all concerned.
Our project will be part of the new energy economy, not a return to an old industrial economy. In our new energy economy, we will create and support stable jobs that pay well and that can never be outsourced like the manufacturing jobs of the old industrial economy. In addition, alternative energy sources like biomass not only reduce our regional dependence on volatile and often expensive natural gas, thus helping hold down electricity costs, it also helps reduce our overall dependence on foreign fossil fuels and transference of wealth to regimes that we wouldn't ordinarily chose to subsidize.
Our project will help the state of New Hampshire meet its renewable energy goal of obtaining 25% of its energy supply from renewable resources by 2025 and in so doing help contribute to a cleaner environment for the people of New Hampshire. It will also effectively utilize resources that are abundant in the North Country – and by this I mean not only biomass, which we are committed to procuring in a sustainable manner, but the skilled and hard working people of the North Country who need these jobs.
Our biomass energy facility, coupled with the wind and other types of alternative energy projects that be built in the future, will help make Berlin and Coos County national leaders in the production of clean renewable energy and the reduction of greenhouse gases that contribute to global warming.
It will also convert a brownfield site with significant environmental issues that serve as a significant barrier to development, into a working asset for the city that will pave the way for additional economic development and employment.
Specifically, our project will directly employ 40 people in jobs with a combined annual payroll of approximately $2 million dollars.
The facility will spend $20 - $25 million per annum on biomass fuel purchases, a large portion of which will go into the regional economy to local loggers and truckers, as it is in our interest to obtain as much of our fuel as possible as close to the plant as possible. This will help rebuild the wood economy of the North Country.
This project involves a capital investment in excess of $100 million dollars and to ensure that these dollars go to work in the regional economy we have entered into an agreement with local labor unions with the objective that a significant portion of the construction costs go to firms that employ New Hampshire workers.
Our project will help support existing businesses in the area. We have been working closing with Fraser Papers and have entered into a memorandum of understanding to supply them with hot water from our facility and thereby help reduce their energy costs.
Additionally, our facility will only occupy a small portion of the overall site and we believe that our efforts to redevelop the site will attract other business to the area and also allow for other community benefits, such as the construction of a river walk. Indeed, we are willing to work with the city to acquire the balance of the site from North American Dismantling and prepare it for redevelopment.
We propose the formation of a non-profit organization organized under section 501c3 of the tax code to acquire the property. The non-profit entity will be guided by a board of directors comprised of city representatives, business leaders and others from the private sector and academia who will oversee a plan to redevelop the balance of the site. We are willing to provide seed funding for this entity and also use our resources to obtain additional funding. We believe this plan will create a significant economic development opportunity for the city.
In addition to the benefits I have already mentioned, the city will benefit from the tax revenue associated with our biomass energy facility, which will certainly be in excess of a million dollars per annum – making us one of the largest tax payers in the city. Those tax dollars will provide critical resources for improving the city's schools and much-needed tax relief for residents.
We at Laidlaw look forward to being an active and constructive member of the Berlin and Coos County community. We are committed to working with you and the community. In this regard we have spent considerable time over the past several months meeting with business and community leaders and area residents in order to listen to and address their concerns and we fully intend to continue to do so in the future. In speaking with members of the community it is without question that the greatest concern we have heard from residents is that of jobs and the wellbeing of the local economy. In light of the precipitous decline of the U.S. economy over the last few months, it is likely that the concern among Berlin residents as to the availability of stable jobs and the soundness of the local economy will become even greater in the months to come.
The broad experience of our development team, specifically in the areas of plant management, biomass operations and project financing will help ensure that our project achieves its objectives. This experience is augmented by a world class team of engineers, consultants and construction professionals. Despite our currently troubled national economy and financial markets, we have been able to close on the financing necessary to fund the development of the project, a fact that supports both the merits of the project and the people developing it. Additionally, our relationship with Public Service of New Hampshire, who will buy the power and other attributes from the plant pursuant to a 20 year contract, further strengthens the financial soundness and longevity of the project.
In conclusion, we understand that good intentions are not enough. We must set high standards for both our performance and our integrity. We must be good neighbors and be willing to listen to concerns and work with the community.
We hope that you will be willing to keep an open mind and work with us to make this project a win-win for all concerned.
Now I would like to turn things over to our attorney, Barry Needleman, who will discuss the Environmental Facilities Site Evaluation Committee process.
Posted by Michael Bartoszek at 10:45 AM 0 comments
New Bedford, MA
"We have started working on a great new project. We are starting the development of a combined heat and power biomass energy project located at a manufacturing facility in Massachusetts. The project will sell electricity and process heat to businesses situated at the facility and also export power to the grid. We have engaged an engineering firm to start moving forward on preliminary design work and study the other issues necessary to move to the next stage of the project. We are very excited about this innovative and beneficial project. More info to come down the road..."
"We have started working on a great new project. We are starting the development of a combined heat and power biomass energy project located at a manufacturing facility in Massachusetts. The project will sell electricity and process heat to businesses situated at the facility and also export power to the grid. We have engaged an engineering firm to start moving forward on preliminary design work and study the other issues necessary to move to the next stage of the project. We are very excited about this innovative and beneficial project. More info to come down the road..."
Update from Mike blogs:
Looks like LLEG have everythings in place...It will be a great event/news in NH as well as in US...
Monday, February 16, 2009
Letter to the Berlin, NH City Council
February 16, 2009
Dear Mayor Bertrand and Council Members:
We would like to thank you for taking the time last Monday (2/9/09) to listen to our presentation, and we appreciate your thoughtful and respectful follow-up questions. As we mentioned at the meeting, it is our desire to maintain open communications with both the city leaders and the respected citizens of Berlin. We look forward to continuing this dialogue as we advance through the State Energy Facility Site Evaluation Committee ("EFSEC") permitting process.
We feel strongly that in this time of economic uncertainty our project represents a new, hopeful beginning. The 40 men and women who will operate the plant can count on good wages along with full benefits. The logging, trucking and landowner community can rely on a strong and dependable market that will be insulated from global pressures. The State can depend on our plant to help meet the 25/25 initiative: 25% of all electrical generation in New Hampshire to be provided by renewable sources by 2025. Fraser Paper can utilize our waste heat to lower energy costs. The city of Berlin can benefit by having access to a majority of the mill site for economic development. It also goes without saying that a new business in Berlin that will be contributing more than $1 million dollars to the tax base every year will provide relief to the strained city budget.
As our attorney, Barry Needleman, explained, the city will have the opportunity, if it chooses, to participate during the upcoming EFSEC permitting process. We encourage the city's involvement so that the citizens of Berlin are assured that their concerns are heard. Issues that were raised last Monday such as noise, dust, and truck traffic will be addressed during the permitting process. Our goal will be to work cooperatively with the City though that process.
In reviewing the minutes of last Monday's meeting, it is apparent to us that there is concern that this plant might be fueled by something other than clean biomass. As we stated, one of the main reasons we are developing a plant in Berlin is because of its proximity to the 6 million acre wood basket that has for over 100 years sustainably provided fiber for energy and paper. It has never been our intention to use anything other than clean biomass, but we recognize the Council's concern and are willing to address it immediately by stating unequivocally that this facility will only use clean biomass within the meaning of New Hampshire's RPS statute. We further expect that commitment to be memorialized in our EFSEC Certificate.
Again, we would like to thank you for the professionalism, courtesy, and genuine interest you displayed at our meeting last Monday, and we look forward to continuing the dialogue.
Sincerely,
Michael B. Bartoszek
Louis T. Bravakis
Raymond S. Kusche
Looks like LLEG have everythings in place...It will be a great event/news in NH as well as in US...
Monday, February 16, 2009
Letter to the Berlin, NH City Council
February 16, 2009
Dear Mayor Bertrand and Council Members:
We would like to thank you for taking the time last Monday (2/9/09) to listen to our presentation, and we appreciate your thoughtful and respectful follow-up questions. As we mentioned at the meeting, it is our desire to maintain open communications with both the city leaders and the respected citizens of Berlin. We look forward to continuing this dialogue as we advance through the State Energy Facility Site Evaluation Committee ("EFSEC") permitting process.
We feel strongly that in this time of economic uncertainty our project represents a new, hopeful beginning. The 40 men and women who will operate the plant can count on good wages along with full benefits. The logging, trucking and landowner community can rely on a strong and dependable market that will be insulated from global pressures. The State can depend on our plant to help meet the 25/25 initiative: 25% of all electrical generation in New Hampshire to be provided by renewable sources by 2025. Fraser Paper can utilize our waste heat to lower energy costs. The city of Berlin can benefit by having access to a majority of the mill site for economic development. It also goes without saying that a new business in Berlin that will be contributing more than $1 million dollars to the tax base every year will provide relief to the strained city budget.
As our attorney, Barry Needleman, explained, the city will have the opportunity, if it chooses, to participate during the upcoming EFSEC permitting process. We encourage the city's involvement so that the citizens of Berlin are assured that their concerns are heard. Issues that were raised last Monday such as noise, dust, and truck traffic will be addressed during the permitting process. Our goal will be to work cooperatively with the City though that process.
In reviewing the minutes of last Monday's meeting, it is apparent to us that there is concern that this plant might be fueled by something other than clean biomass. As we stated, one of the main reasons we are developing a plant in Berlin is because of its proximity to the 6 million acre wood basket that has for over 100 years sustainably provided fiber for energy and paper. It has never been our intention to use anything other than clean biomass, but we recognize the Council's concern and are willing to address it immediately by stating unequivocally that this facility will only use clean biomass within the meaning of New Hampshire's RPS statute. We further expect that commitment to be memorialized in our EFSEC Certificate.
Again, we would like to thank you for the professionalism, courtesy, and genuine interest you displayed at our meeting last Monday, and we look forward to continuing the dialogue.
Sincerely,
Michael B. Bartoszek
Louis T. Bravakis
Raymond S. Kusche
My opinion is that word is out about the great progress this company is making and the buyers are starting to show up. Bartoszek is not a scammer of a CEO. He is building a real company and now Laidlaw has two deals in the mix and almost everything is positive and moving forward.
I wish we could have closed at .0007 or .0008 today.
Nice run up today. Laidlaw starting to take notice and working on several projects. Big boys could be buying now.
Former NH Congressman Bass to Join Laidlaw's Board
Tuesday 03/17/2009 8:00 AM ET - Businesswire
Related Companies
<TABLE class=dataTable cellSpacing=0 cellPadding=0 width="100%"><THEAD><TR><TD>Symbol</TD><TD align=right>Last</TD><TD align=right>%Chg</TD></TR></THEAD><TBODY><TR><TD>LLEG</TD><TD align=right>0.0012</TD><TD align=right>50.00%</TD></TR></TBODY></TABLE>As of 2:09 PM ET 3/19/09
Laidlaw BioPower, LLC, an affiliate of Laidlaw Energy Group, Inc. (Ticker Symbol "LLEG"), announced today that Charles F. Bass has joined its board of directors.
Mr. Bass is a former 6 term congressman for New Hampshire's second congressional district. He is currently Vice-Chairman of the Republican Main Street Partnership (http://www.republicanmainstreet.org) and previously served as its President and CEO.
Commenting on the appointment, Laidlaw President and CEO Michael B. Bartoszek stated, "Charlie has been a great asset to our company and an integral part of our New Hampshire biomass-energy development efforts. We are pleased that he has chosen to expand his relationship with us by joining our board."
Mr. Bass has been acting as an advisor to Laidlaw Energy in connection with its conversion of the former Fraser Papers Pulp Mill located in Berlin, NH into a state-of-the-art biomass-energy facility that is expected to supply renewable energy for New Hampshire's citizens and hot water for a nearby paper mill. He is also a board member of New England Wood Pellet of Jaffrey, NH.
"This is exciting", Bass commented, "It is a true honor for me to expand my association with Laidlaw Biopower, a leader in America's effort to develop and commercialize medium and large scale biomass co-generation capacity. Having worked with their management team for almost two years, I have come to appreciate their understanding of the business environment, the technical issues associated with this emerging technology, and the complexity dealing with all the obstacles normally associated with project development of this nature. Laidlaw Biopower will be developing successful biomass projects across the Northeast, and I look forward to being actively supportive of this success," Bass stated.
About the Berlin, NH Biomass-Energy Project
The Berlin Project is expected to utilize approximately 700,000 tons of clean wood biomass chips per annum and is expected to directly employ 40 skilled workers and create or support over 500 indirect jobs associated with wood chip supply and transportation. Requiring a capital investment of over $100 million, the 66 megawatt plant is expected to be among the largest and most environmentally advanced biomass-energy plants in North America.
About Laidlaw Energy Group
Laidlaw Energy is engaged in the development of independent power plants that generate electricity from renewable resources, with a particular emphasis on biomass power. Laidlaw Energy's mission is to build and manage a profitable portfolio of biomass facilities through the development of new facilities and acquisition of existing facilities, and in so doing become the leading supplier of biomass power in the United States. Laidlaw Energy is headquartered in New York, New York. For more information, please visit our website at www.LaidlawEnergy.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and Laidlaw cannot provide assurance that such statements will prove to be correct. Laidlaw undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE: Laidlaw Energy Group, Inc.
Laidlaw Energy Group, Inc. Edward D. Meyers, 212-480-9882 info@LaidlawEnergy.com</PRE>
Former NH Congressman Bass to Join Laidlaw's Board
Tuesday 03/17/2009 8:00 AM ET - Businesswire
Related Companies
<TABLE class=dataTable cellSpacing=0 cellPadding=0 width="100%"><THEAD><TR><TD>Symbol</TD><TD align=right>Last</TD><TD align=right>%Chg</TD></TR></THEAD><TBODY><TR><TD>LLEG</TD><TD align=right>0.0012</TD><TD align=right>50.00%</TD></TR></TBODY></TABLE>As of 2:09 PM ET 3/19/09
Laidlaw BioPower, LLC, an affiliate of Laidlaw Energy Group, Inc. (Ticker Symbol "LLEG"), announced today that Charles F. Bass has joined its board of directors.
Mr. Bass is a former 6 term congressman for New Hampshire's second congressional district. He is currently Vice-Chairman of the Republican Main Street Partnership (http://www.republicanmainstreet.org) and previously served as its President and CEO.
Commenting on the appointment, Laidlaw President and CEO Michael B. Bartoszek stated, "Charlie has been a great asset to our company and an integral part of our New Hampshire biomass-energy development efforts. We are pleased that he has chosen to expand his relationship with us by joining our board."
Mr. Bass has been acting as an advisor to Laidlaw Energy in connection with its conversion of the former Fraser Papers Pulp Mill located in Berlin, NH into a state-of-the-art biomass-energy facility that is expected to supply renewable energy for New Hampshire's citizens and hot water for a nearby paper mill. He is also a board member of New England Wood Pellet of Jaffrey, NH.
"This is exciting", Bass commented, "It is a true honor for me to expand my association with Laidlaw Biopower, a leader in America's effort to develop and commercialize medium and large scale biomass co-generation capacity. Having worked with their management team for almost two years, I have come to appreciate their understanding of the business environment, the technical issues associated with this emerging technology, and the complexity dealing with all the obstacles normally associated with project development of this nature. Laidlaw Biopower will be developing successful biomass projects across the Northeast, and I look forward to being actively supportive of this success," Bass stated.
About the Berlin, NH Biomass-Energy Project
The Berlin Project is expected to utilize approximately 700,000 tons of clean wood biomass chips per annum and is expected to directly employ 40 skilled workers and create or support over 500 indirect jobs associated with wood chip supply and transportation. Requiring a capital investment of over $100 million, the 66 megawatt plant is expected to be among the largest and most environmentally advanced biomass-energy plants in North America.
About Laidlaw Energy Group
Laidlaw Energy is engaged in the development of independent power plants that generate electricity from renewable resources, with a particular emphasis on biomass power. Laidlaw Energy's mission is to build and manage a profitable portfolio of biomass facilities through the development of new facilities and acquisition of existing facilities, and in so doing become the leading supplier of biomass power in the United States. Laidlaw Energy is headquartered in New York, New York. For more information, please visit our website at www.LaidlawEnergy.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and Laidlaw cannot provide assurance that such statements will prove to be correct. Laidlaw undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE: Laidlaw Energy Group, Inc.
Laidlaw Energy Group, Inc. Edward D. Meyers, 212-480-9882 info@LaidlawEnergy.com</PRE>
Are you sure you have the right company? If you do, why would you be concerned about 28%? These small runs up and down will happen in a pink sheet stock. When this company breaks ground and produces power, there won't be anything stopping it.
Laidlaw was around .0006 last week and today it closed at .0008. It has had a couple of run ups to .0014 but it really doesn't concern me. When I first posted about Laidlaw you could have bought it at .0004 and sold at .0012. Flipping has also been a possibility.
This company is a few weeks away from turning in its permit for the Berlin project. This is the project that PSNH and Coos County fully support. When the permit gets approved, they will begin breaking ground on the biggest Biomass faclity in North America. Each day, fewer things stand in there way.
This is just one of a few projects LLEG has in the mix.
Yes this company is speculative, but I believe it is a solid investment even though it is a pink sheet stock.
Someone knows something. Investorshub board posters are talking about new project news, more updates on the permit, and more info about the 20 year agreement with PSNH.
The volume has been huge lately with some very big buys coming in. One buy yesterday was 28 million shares.
I wish I knew but I can only guess. I do know that this is a solid, legit growing company. They have the right guys on their team and they are moving forward.
I have 15 million shares averaging around .0007. I won't sell until I become a millionare with this stock. I think its going to be that good.
Just under $11,000. I first bought at .0028 last year around this time. I then purchased again at .0012. Since October, all of my shares and the bulk of my shares have been at .0004 or .0005.
Its still very high risk but I believe in this company and I would recommend anyone to atleast pick up a few hundred dollars of this stock. Thats 2 or 3 hundred thousand shares.
The only way we will end up with less shares is if the company does a forward split.
Laidlaw has a plan for a forward split but they plan on doing it when the upgrade their listing on the stock exchange. That would be a good thing if they uplisted and did a forward split. If they only forward split without an uplisting, all share holders will be dead.
BTW, I am now holding close to 20 million shares at an average of .0007. If/when this share price gets to .10 cents, I will be long gone with almost all of my shares.
Thats enough money for me.
