It states LLEG own 50% of LBB - not 37.5%. The 37.5% comes from the old Joint Venture with Homeland, which has been red lined out of the documents.
“Laidlaw Biopower, LLC is an affiliate of LEG that is engaged in the development of biomass energy power plants. It currently seryes as the primary entity through which LEG owns its equity stake in the projects it develops. LEG is a 50% equity owner of Laidlaw Biopower, LLC., and the other equity holders are entities controlled by Louis T. Bravakis and Raymond S. Kusche, who are Vice Presidents of the applicant and serve in a similar capacrly with LEG and Laidlaw Biopower, LLC. Former New Hampshire Congressman Charles Bass also serves as a director Laidlaw Biopower, LLC.”
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