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Tel your moderator to stay off of ours and we will stay off of yours. 
Making any $ over here? 100 shares doesn't cut it in my book. To each his own I guess. GLTY
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Telephone: 480-556-5555
Fax: 480-556-5500
Contact us by e-mail.
For investor inquiries, please call 480-556-5555.
Renegy Holdings, Inc. is a renewable energy company engaged in biomass power generation utilizing wood waste as a primary fuel source.
Our first project is Snowflake White Mountain Power (Snowflake), a 24 megawatt (MW) biomass plant located near Snowflake, Arizona. This energy facility, which commenced commercial operations on June 10, 2008, has two long-term power purchase agreements in place with Arizona Public Services (APS) and Salt River Project (SRP), Arizona's two largest electric utilities.
Other business activities include an established fuel aggregation and wood products business, which collects and transports forest thinning and woody waste biomass fuel to our power plants, and which sells logs, lumber, shaved wood products and other high value wood by-products to help reduce the cost of fuel for our primary business operations.
We also provide product development, developing renewable energy products for others.
We seek to acquire, develop and operate a growing portfolio of biomass to electricity power generation facilities with the vision of becoming the leading independent power producer (IPP) of biomass electricity in North America.
We endeavor to apply proven technologies to transform underutilized perpetual and renewable natural resources into clean, sustainable and economical power.
Our combination of leading edge technologies, a highly skilled and passionate workforce, and broad-ranging experience in the environmental and power generation industries, enables us to provide uniquely tailored solutions and a competitive edge to best serve our customers’ objectives.
We are committed to continuously setting new standards for quality, innovation and customer satisfaction through visionary leadership, technological and industry expertise, superior teamwork and a passionate pursuit of excellence.
Through the creation and operation of multiple renewable energy projects across North America, we aim to become part of the solution to fossil fuel dependence and the destruction of our planet. We believe that energy can be generated in a responsible manner - one that satisfies our ever-increasing demand for power while still preserving the environment. We are driven by the assertion that our growth and success will contribute to a brighter future for generations to come.
We are committed to:
Biomass energy is energy from the sun captured in organic materials derived from plants or animals. Sources of biomass include:
Biomass power generation facilities harness the energy stored in such organic materials to produce clean, renewable power. Biomass power plants use this material for fuel, burning it under controlled, low emissions conditions to generate electricity. Biomass energy can be generated by gasification, pyrolysis, anaerobic digestion or direct combustion (100% biomass combustion or co-firing with coal at existing coal plants).
In addition to diverting waste from already over-burdened landfills, biomass facilities are also valued for their negative greenhouse gas footprint as they displace more potent greenhouse gas emissions of methane that would otherwise result from the decomposition and decaying of organic materials that occurs as a result of landfill accumulation, forest accumulation or composting. Emissions of methane create 20 times more greenhouse gas effect than the CO2 produced during combustion.
Biomass to electrical power facilities are also considered to be carbon neutral as CO2 emissions generated by combustion is generally offset by the CO2 emissions consumed during the lifecycle of plant material. By comparison, the CO2 emissions released from the combustion of fossil fuels (such as coal, oil and natural gas) add to the imbalance of carbon emissions in our atmosphere, which contributes to global warming. Furthermore, today’s biomass facilities are outfitted with state-of-the-art pollution control equipment to reduce other air pollutants such as particulate matter and nitrogen oxides (“NOx”) that would otherwise result from the open burning of biomass or from forest fires.
The Biomass segment of the renewable energy industry has generated increased interest since 2005 as the result of:
The Power of Biomass. Delivered.
We have built over the past three years a fuel aggregation business that we operate near Snowflake, Arizona to collect forest thinning and woody waste within a 75-mile radius and transport such biomass fuel to our Snowflake plant. This business includes five Jackson Wood Shavers to manufacture pine shaving material for horse bedding, a high speed Virville bagger for the pine shavings, two local sawmills with up to a 20 million board foot capacity, a Morbark Pole Peeler, screening equipment for mulch production, several pieces of heavy equipment (including feller bunchers, skidders, grinders, chippers, etc.), and a fleet of semi-trucks and trailers used to transport biomass material to the plant and storage area and, on occasion, to transport wood-related products being sold to outside companies.
Our fuel aggregation business is focused on providing cost-effective forest residue biomass fuel to our Snowflake plant by collecting it directly from the source, transporting and then manufacturing and selling lumber, mulch or other high value products to outside companies to substantially reduce the cost of by-product biomass hog fuels. We also provide certain forest thinning services for hire.
As part of our fuel procurement strategy, we bid on and contract with the U.S. Forest Service (“USFS”) for timber sale, salvage sale and service contracts to remove material from the National Forests, and work with other forestry businesses and agencies to harvest biomass fuel.
We have in place or have completed approximately 23 contracts with the U.S. Forest Service, either directly or as a subcontractor, for the collection, chipping/grinding and hauling of woody waste material. We are also subcontractors for the stewardship contract awarded to Future Forests, LLC in September 2004 to thin areas of the Arizona forest that are unhealthy due to crowding, beetle kill and drought conditions.
In June 2002, the largest forest fire in the history of the southwest, the Rodeo-Chediski Fire, burned over 475,000 acres within close proximity of the site of our Snowflake plant. A large portion of the initial biomass material for our Snowflake plant comes from our harvesting of the fire damaged trees from this area under individual contracts with the USFS to remove such fuel. We have harvested over 20,000 acres of the fire-damaged area under contract.
Additionally, we have contracts to manage and collect material from several community green waste sites, and collect biomass from the waste generated by Renegy’s and other area sawmills. Historically, we had been running our sawmills with over 50% of the sawlogs’ volume becoming fuel for the Snowflake plant. However, due to recent lumber price declines, we have suspended all sawmilling operations and do not anticipate restarting such operations until lumber prices improve. We currently have in place existing contracts to grind, chip and remove all woody vegetation and biomass accumulating at several public green waste disposal sites in Payson and Heber, Arizona, and several third party sawmill sites.
Overall, from burned areas, green forest thinning work, green waste sites and sawmill waste, we have collected approximately 400,000 tons of biomass and over $1 million of retail value of saw logs. A substantial portion of that accumulated biomass and almost all of the saw logs with retail value were lost during two fires that took place in 2007. However, with additional fuel collection completed since the fire, combined with the significant remaining inventory that was not burned, as of the date of this filing, we now have approximately 24 months’ worth of wood fuel in storage to be used by our Snowflake plant.
We also recently signed a five-year agreement to process wood materials into horse shavings (wood shavings used in horse stables) for distribution throughout the southwest with a large horse shavings dealer. Beginning October 1, 2007 and continuing for five years, we committed to produce 40,000 bags, each holding twelve cubic feet of shavings, per month for this company. We have also installed equipment to peel bark and manufacture log poles for home construction, fences and utilities. Additionally, we have contracts to provide mulch material for home and garden use. We have the necessary equipment to filter out the mulch material from biomass piles in order to sell the more valuable mulch material and save the remaining chips for boiler fuel.
We understand the importance of a diversified fuel strategy. As part of our strategy, in addition to gathering biomass fuel from the forest, we continually seek opportunities to secure alternate supplies of biomass to supplement the fuel for our plants. Such additional sources of biomass may include industrial waste (such as paper sludge), local green waste sites, municipal waste, agricultural waste, and woody construction and debris waste.
Robert (“Bob”) M. Worsley has served as our chairman and CEO since October 1, 2007. Mr. Worsley is also the founder and owner of NZ Legacy, LLC, an Arizona land and mineral company. Prior to founding NZ Legacy in March 2002, Mr. Worsley served as the chairman, chief executive officer and president of SkyMall, Inc., which he founded in 1989, until his retirement in 2003. During his tenure at SkyMall, Mr. Worsley was successful in leading the Company through an IPO in 1996 and a sale to Newscorp's Gemstar affiliate in 2001, and growing the business to become the largest in-flight catalog company in the world with over $85 million in annual revenues. From 1985 to 1989, Mr. Worsley was a principal of ExecuShare, Inc., an executive services firm that provided time-shared financial executives for small companies. From 1980 to 1985, Mr.Worsley was an accountant with PriceWaterhouse, a public accounting firm, where he most recently held the position of Audit Manager. Mr. Worsley has a bachelor’s degree in accounting from Brigham Young University. Mr. Worsley was a Certified Public Accountant for over twenty years.
Ricardo Levy has served on our board of directors since June 2007. Previously, Dr. Levy served as chairman of the board of Catalytica Energy Systems, Inc. from December 2000 through September 2007. In addition to his role as chairman, Dr. Levy also served as interim president and CEO of Catalytica Energy Systems from June through December 2002, having previously served as president and CEO of the former parent company Catalytica, Inc. Dr. Levy founded Catalytica, Inc. in 1974, serving as chief operating officer until 1991 and then as president and chief executive officer until December 2000, when Catalytica, Inc. and its subsidiary Catalytica Pharmaceuticals Inc. were sold to DSM N.V concurrent with the spin-off of Catalytica Energy Systems. Before founding Catalytica, Inc., Dr. Levy was a founding member of Exxon's chemical physics research team. Dr. Levy currently serves on the board of directors of public companies Accelrys, Inc. (formerly known as Pharmacopeia, Inc.) and StemCells, Inc. He has an M.S. from Princeton University, a Ph.D. in chemical engineering from Stanford University and is an alumnus of Harvard University's Executive Management Program.
Photo courtesy of Salt River Project
Our primary business activities are focused on acquiring, developing and operating a growing portfolio of biomass to electricity power generation facilities utilitizing wood waste as the predominant fuel source to generate clean, renewable power. We sell the electrical (and, in some cases, the steam) output from our facilities to local utilities and /or industrial customers.
Our current facilities are described below:
Multiple biomass to electricity projects totaling in excess of 1,000 MW of power output have been identified as our targeted growth opportunity and are currently being explored. These opportunities include acquisitions of existing facilities (both operating and idle) as well as new greenfield projects in various locations across North America.
| Market Value1 | $1,298,262 | a/o Feb 03, 2011 |
| Shares Outstanding | 6,491,312 | a/o Mar 30, 2009 |
| Float | N/A | |
| Authorized Shares | N/A | |
| Par Value | N/A |
| Shareholders of Record | N/A |
| Beneficial Shareholders | N/A |
| Ex. Date | Record Date | Pay Date |
|---|
|
| - |
| Short Interest | 1 (0%) Jan 14, 2011 |
| Significant Failures to Deliver | No |
RECENT NEWS!
NEW YORK--(BUSINESS WIRE)-- Laidlaw Energy Group, Inc. (Ticker Symbol “LLEG”), announced today that it has entered into a Letter of Intent to acquire a 14 megawatt biomass-energy power plant from Renegy Holdings, Inc. and certain other affiliated shareholders.
Commenting on the contemplated acquisition, Laidlaw President & CEO Michael B. Bartoszek stated “We are very pleased to be moving forward with the expansion of our business model to the West Coast. We are very excited about the California market for alternative energy and the opportunities it presents. We are also excited about the prospect of a close working relationship with Bob Worsley and his team.” Mr. Worsley is the President & CEO of Renegy as well as the founder and former President & CEO of Skymall, Inc.
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. In addition, we have been working to add highly qualified project management personnel to our team so that we have the necessary resources in place to manage multiple projects across the U.S.”
Laidlaw does not anticipate any significant complexity with this transaction and anticipates closing on the acquisition within 45 – 60 days.
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 LLEG cannot provide assurance that such statements will prove to be correct. LLEG undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
The Stock Exchange reported that Renegy Holdings, Inc. has been delisted from NASDAQ to OTC Pink Sheets.
Renegy Holdings, Inc. announced in its Form 8-K that it has terminated Robert W. Zack from the position of Executive Vice President and Chief Financial Officer of the Company.
Renegy Holdings, Inc. announced that it has executed an agreement to secure $12.3 million of tax equity financing from an institutional equity investor in exchange for a partial interest in its 24 megawatt Snowflake biomass power generation facility. The tax equity investment, which is expected to close in mid-January, will provide the investor with access to the federal production tax credits, depreciation benefits and certain cash flows that will be generated by Renegy's Snowflake plant over the next 10 years. Meridian Investments, Inc. acted as the exclusive investment advisor to Renegy in managing the tax equity transaction. Renegy plans to use funds from the tax equity investment to: repay all funds borrowed under its line of credit with Comerica Bank; Fund final outstanding construction and start-up costs associated with completion of the Snowflake facility; Fund certain cash reserve accounts; and pay severance and other costs associated with executing its restructuring plans.
Renegy Holdings, Inc. announced that it plans to downsize the number of its employees by 47%. Renegy's restructuring plans call for significant cost cutting measures that include substantially decreasing its corporate overhead, reducing its business development activities until conditions in the capital and credit markets improve, and narrowing the scope of its operations to focus on operating its Snowflake plant. As part of these initiatives, the Company is pursuing a reduction in force focused primarily on corporate and administrative personnel, including certain executive officer and other senior management positions. By early January, Renegy plans to reduce its workforce to a total of 48 employees, of which seven employees will constitute its corporate staff, representing a 47% reduction in force compared with 90 employees at September 30, 2008. Additional layoffs may ensue during the first quarter of 2009. The Company expects to record restructuring charges of approximately $2.0 million, the majority of which will be recorded in the first quarter of 2009. Further, President and Chief Operating Officer Hugh Smith and Chief Financial Officer Rob Zack will move to a part-time status with the Company effective January 3, 2009, with the intent of phasing out their positions over the next few months. The remaining corporate staff has begun to assume the responsibilities of these positions.
Renegy Holdings, Inc. announced in its Form-8K that effective October 1, 2008, Robert M. Worsley, the President, Chief Executive Officer and Chairman of the Company has resigned from his position as the Company's President, Mr. Worsley will continue to serve as the Company's Chief Executive Officer and Chairman. It laso ssid that Effective October 1, 2008, Hugh W. Smith, the Company's Chief Operating Officer,was appointed as President of the Company.
Renegy Holdings, Inc. announced that for fiscal 2008, it expects revenues to be range from $9.0 to $10.0 million, as compared with its previous guidance for revenues in the range of $10.0 to $12.0 million.
Dow Jones reported that Renegy Holdings, Inc. has signed a nonbinding letter of intent to acquire a 20-megawatt biomass power plant in Loyalton, California., from Sierra Pacific Industries for $13 million. The Company expects the deal to close by June 30.
Renegy Holdings, Inc. announced that for fiscal 2008, it expects revenues to be in the range of $10-$12 million.
Renegy Holdings, Inc. announced that it has executed and closed a definitive Asset Purchase Agreement with a forest products and timber company for the acquisition of an idle biomass power plant for $1.3 million. The plant assets include a boiler capable of producing 160,000 pounds per hour of steam and a turbine that can generate approximately 13 megawatts of base-load electricity to power as many as 13,000 homes.
Renegy Holdings, Inc.: Acorn Factor, Inc. announced that it has completed the purchase of SCR-Tech LLC from Catalytica Energy Systems, Inc., a subsidiary of the Company, for a purchase price of $9.6 million in cash.
AI
