Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
apparantly the FD answered an alarm call there before it went up and found nothing. ya got property up there. i can't wait to put up the white flag here in mass. i love supporting welfare rats and drug addicts
nice fire there this weekend
combat the shorts. make sure every share you own, if held in a margin account, is up for sale, at a higher price of course. your own broker will short your shares against you if they're not spoken for. ..........and just in case some fool hits market order.
i'd hate to be the idiot making a fat finger trade at .45 right now.........but i wouldn't mind selling a bit hehehehe
im not greedy. i'll take a dime :)
we're doing about a million a minute WOW
think your right on the 100 mil volume day. 13 mil in 15 mins
4s about gone 42 showing up next
...........there goes swifty!!!!!!!!!
wow looking a lvl2 we might get some warm buckets of luvin today
nite wants his 44's
haven't missed a thing. and i've been here since before the stacks fell
like your favorite link btw 100k rednecks, oops nascar fans, up there this weekend
Really. can you point out anywhere, other than rumor and the circle jerk blog, to back up that statement that LLEG sold out, or are you just tossin bombs to get in lower?
Easy double from here to new high! I can see copper w/o news!
http://www.nh.gov/council/district1/
no idea who he was and i'm sure no one else did matt
The Executive Council of the State of New Hampshire has the authority and responsibility, together with the Governor, over the administration of the affairs of the State as defined in the New Hampshire Constitution, the New Hampshire statutes, and the advisory opinions of the New Hampshire Supreme Court and the Attorney General.
Each of the five Executive Councilors represents one fifth of the population or approximately 247,000 citizens. Councilors are elected every two years, concurrently with the Governor. The Councilors participate in the active management of the business of the state. They receive assistance from the Commissioner of the Department of Administrative Services and the Attorney General who review requests involving state funds since no expenditure can be legally authorized without the availability of adequate funds.
The New Hampshire "Governor and Executive Council" perform many valuable tasks that are of major importance to our fiscally conservative, very open government.
I'll take slow n steady any day! easily double from here to previous high of .0075 a penny is not out of the question w/o news
click on pic, right click pic, save as
.......he didn't realize that brokers don't take monopoly money
Joe Casey, president of the New Hampshire Building and Construction Trades Council, a union that represents over 6,000 workers
Charlie Bass wins primary
http://www.concordmonitor.com/blogentry/216374/election-night-live
"Charlie is also a senior advisor to Laidlaw Energy Group, a company that is converting the former Fraser Pulp and Paper site in Berlin to a clean, wood-chip burning, energy plant"
http://www.votebass.com/pages/8/about-charlie
Deliberations on Laidlaw application to get underway
BY BARBARA TETREAULT
THE BERLIN DAILY SUN
CONCORD — Decision time is coming soon for
Laidlaw Berlin BioPower’s application to construct
and operate a 70-megawatt biomass plant on the
former mill site.
The N.H. Site Evaluation Committee will begin
deliberations on the application on Monday, Sept. 20.
Committee Chair Tom Barack said the committee is
prepared to deliberate as long as it takes, although
technically a decision is due by Sept. 23.
In addition to the 900-page application, the committee
members will shift through pages of data
submitted by Laidlaw and intervenors in the proceedings.
State agencies have ruled on applications
for an air permit, a sewer connection, wastewater
discharge, and other environmental issues. There
has been both a public hearing in Berlin and a site
visit. There are also written comments from the
public, which are being accepted until a decision is
reached.
Last Friday, the committee concluded six days of
adversarial hearings, which provided opportunities
for Laidlaw, the intervenors, and committee members
to question and cross-examine the various technical
witnesses.
Closing statements were made by attorneys for
Laidlaw and the principal opponent of the project,
Clean Power Development. Clean Power is proposing
to develop a 29-megawatt biomass plant in
Berlin on land it purchased near the city’s wastewater
treatment plant.
Clean Power Attorney James Rodier outlined four
main concerns his client has with Laidlaw’s application.
He said the statute requires the applicant demonstrate
it has adequate fi nancial capability to construct
and operate the facility. Without an approved
power purchase agreement, Rodier said Laidlaw
does not have fi nancial capability. He said a power
purchase agreement between Laidlaw and Public
Service of N.H. is currently before the N.H. Public
Utilities Commission. He estimated it will take a
year or two before the PUC makes a ruling and it
goes through the appeal process.
“This project is at a dead stop unless and until
the PUC and the courts sign off on the PPA,” Rodier said.
He said the situation with Laidlaw
is different than it was for Granite
Reliable Power which received conditional
approval from the SEC for its
wind project, subject to fi nal approval
of its fi nancing. He said GRP was able
to demonstrate it had fi nancial capability
without a power agreement. But
because of turmoil in the markets, he
said the SEC put in the condition that
the committee sign off on the fi nancial
package before GRP could start construction.
Rodier said the statute requires the
SEC to look at available alternatives.
He acknowledged in the past the committee
has simply asked the applicant
if it looked at alternate sites. He said
the language actually requires the
committee to look at available alternatives.
For example, he said if CPD
had the PPA with PSNH, it would
have broad support and less impact on
other existing biomass plants and on
the Coos County transmission system
limitation.
Rodier argued the Laidlaw plant
would interfere with the orderly
development of the region, pointing to
issues with transmission capacity and
wood supply. He said existing renewable
energy plants would be impacted
because of the limited capacity on the
Coos transmission system. He also
pointed to testimony that other biomass
plants could not compete with
Laidlaw for wood because its PPA
with PSNH contains a fuel adjustment
clause. He said permitting Laidlaw
could result in more jobs being
lost than the 40 jobs the plant would
create.
Finally, Rodier questioned whether
Laidlaw should be the applicant,
noting the reorganization of the company
just before the hearing opened.
Newco Energy LLC listed as the owner
of LLB, which will lease the property
from PJPD Holdings, LLC.
He said CEO Michael Bartoszek
described the various companies as
bankruptcy remote special purpose
entities. Rodier said they are really
fi rewalls in case anything goes wrong.
“If things go wrong, you’re serving
your summons on a mailbox,” he said.
In his closing statement, Laidlaw
Attorney Barry Needleman countered
that his client has met all the criteria
to be issued a certifi cate of site and
facility.
Needleman said Laidlaw has provided
extensive testimony and documentation
that it has the fi nancial,
technical, and managerial ability to
construct and operate the proposed
biomass plant.
“We maintain that the team we
have assembled and the information
we have provided unequivocally demonstrates
we have the capability to
do those things under the statute,” he
said.
Needleman said Clean Power President
Mel Liston conceded that point
under questioning by SEC member
Don Kent.
He disputed Rodier’s argument
that the SEC is required to consider
potential alternate facilities. He said
Laidlaw is required to consider alternatives
to the project it is proposing
and he said that has been done.
Needleman noted the statute
requires the project not interfere with
the orderly development of the region
with consideration given to the views
of municipal and region governing
bodies. He said the project has wide
support in the region and pointed
to testimony by Berlin Mayor Paul
Grenier, Coos County Commissioner
Burnham Judd, and Executive Councilor
Raymond Burton.
Needleman said the construction
phase will infuse a lot of money into
the community. Once operating, he
said the biomass plant would be the
largest taxpayer in Berlin and would
provide 40 well paying jobs. It would
purchase about $25 million of lowgrade
wood annually, stimulating several
hundred indirect jobs in the forest
industry. He said Laidlaw is seeking
New Market Tax Credits, which would
provide $2.25 million for small business
loans and community projects. Addressing adverse comments about transmission
capacity, Needleman noted they are issues
largely raised by competitors, including Clean
Power Development. He said those issues are
best left to the market.
From the beginning, Needleman said Laidlaw
was aware that wood supply and sustainability
would be major issues. Laidlaw had a wood study
performed showing there is enough wood in the
regional wood basket to supply the plant. He
said Laidlaw has voluntarily included a sustainability
harvesting condition as part of its wood
procurement agreement with Cousineau Forest
Products. Needleman said he believes Laidlaw
would be the fi rst biomass plant in the state with
that requirement.
Testimony Friday morning centered on capacity
on the transmission system in Coos County
to handle the power expected to be generated
by Granite Reliable Power’s 99-megawatt wind
farm, the 70-megawatt Laidlaw biomass plant,
and Clean Power’s 29-megawatt biomass plant.
With some minor upgrading, the transmission
system has capacity for an additional 120 to 130
megawatts. If the wind farm were operating at
maximum capacity, the system would not accommodate
all the new generation.
Clean Power Project Manager Bill Gabler
explained that under Minimum Interconnection
Standards, all of the generation facilities would
bid to transmit power over the system. There
would be days when some facilities could not generate
at full capacity. A legislative committee is
currently studying ways to cover the estimated
$150 million cost to upgrade the line.
Robert Berti, president of North Country Procurement,
testifi ed he believes two or three existing
small biomass plants will close if Laidlaw
comes on-line because they cannot compete for
wood and do not have a power agreement that
will provide the same revenue per megawatt
hour.
Androscoggin Valley Economic Recovery Corporation
Economic Development Director Max
Makaitis testifi ed in support of the Laidlaw plant.
He cited the economic and community benefi ts of
the facility.
The fi nal testimony of the day came from Joe
Casey of N.H. Building Construction Trades Union.
He told the committee his union has reached an
agreement with Laidlaw to give local people preference
in hiring for construction jobs. He said
there are still many people in the North Country
who travel out of the region to work because of a
lack of jobs. He said the agreement with Laidlaw,
will allow those workers to stay with their families
and children and earn a living wage.
............whew!
Grungy, here's a thought. Lets say everything's a go for the plant. construction starts taking place. they need steel. Isacson puts in a bid. all of the sudden hatefull emails w their letterhead shows up & gets laid on the desk during contract talks...........hmmmmm what to do, what to do?....as dumb as a bag of hammers
maybe your boss will be lenient with you and give you another job?
I agree. then grabbing the fed grant $$$$$$$$$ EOM
if we have a halloween party, i wanna dress up as a big fat bald guy wearing a cheap sports coat and coke bottles.
yea, every one of em. candidates touting jobs. sources to cull info from NH. there are people on this board who are newbies and may not have all the sources they need.
folks you need to get a feel for whats going on in NH. political adds are virtually every commercial on tv in NH. people want jobs heres some links.
http://www.wmur.com/index.html
http://www.unionleader.com/
http://www.concordmonitor.com/
http://berlindailysun.com/pdf.lasso
it just needs a little love or at least a happy ending
it was a joke. if you don't realize by now, half of what i say is BS just to lighten the doom and gloomers mood around here. i'm in long n strong
i agree but if the hearings are continued why rush it. lets cross the T's and dot the I's.
everybody, remember this is a game of musical chairs, do you have your seat reserved for when the music stops? I do, millions of em.
out for the day tc
right, and it was all started with a rumor speading panic. i'll make it easy for you. see if you can find "sold out" anywhere.
http://www.laconiadailysun.com/BerlinPDF/2010/8/24B.pdf
correct. btw everything i read on the internet is true and its always sunny in philadelphia
Is it an all or none? because if it is, its a special order and MM's go right past em unless they have the exact ammount of share available
take off the AON and just make it a limit order. the 10.00 per trade is it really going to matter in a few weeks?
thats ok, its down on no volume. peeps will pay higher prices for the same shares later
.....id rather be in than out when it pops
Laidlaw CEO testifi es about
planned ownership change
BY BARBARA TETREAULT
THE BERLIN DAILY SUN
CONCORD — Laidlaw Berlin BioPower CEO
Michael Bartoszek said the proposed new ownership
structure of the 70-megawatt biomass plant planned
for Berlin retains the same parties that have been
involved in the project.
But members of the N.H. Site Evaluation Committee
questioned Bartoszek about what entity ultimately
bears responsibility if the company receives
approval to go forward with its plant and there are
compliance issues.
Bartoszek testifi ed yesterday in day three of the
hearing on Laidlaw’s application to construct and
operate the biomass plant on the former pulp mill
site in Berlin. The hearing is expected to continue
through Friday.
Bartoszek said under the planned reorganization,
NewCo Energy LLC, will purchase the equity
interest of Laidlaw Berlin BioPower from Laidlaw
BioPower. Laidlaw Berlin BioPower will continue to serve as the development and management
contact party. Homeland Renewable
Energy will oversee construction
of the facility and Fibrowatt Operations
LLC will operate and manage
the plant.
On the equity side, Aware Funding
LLC will be the funding entity
and PJPD Holdings will continue to
own the former mill site and boiler
which it leases to Laidlaw Berlin
BioPower.
The reorganization is expected to be
completed by the end of this month.
Bartoszek stressed that all the entities
have been involved in the project
for some time. Furthermore, he said
he will remain involved as CEO, and
Lou Bravakis and Raymond Kushe
will continue to serve as vice presidents
under employment agreements.
SEC Attorney Michael Iacopino
disagreed with Bartoszek’s description
of his company’s organizational
structure as typical for an energy
company.
“We have seen a lot of energy projects
come through this committee,” he
said. “And this is different that what
this committee has seen,” he added.
Bartoszek was asked what entity
will be responsible for property tax
payments. As the owner of the property,
he said PJPD will be ultimately
responsible for tax payment but payment
will be made by Laidlaw.
Bartoszek said the company hopes
to qualify for both investment tax
credits and New Market tax credits
totaling in the range of $40 million.
If the company is successful in
applying for the New Market tax
credits, $2.25 million would be put
into a revolving loan fund for small
forestry-based businesses in the
North Country. A $500,000 grant
would be awarded to a community
project through the N.H. Finance
Authority.
Representing Clean Power Development,
which is working to develop a
29-megawatt biomass plant in Berlin,
Attorney James Rodier questioned
Bartoszek about the power purchase
agreement reached between Laidlaw
and Public Services of N.H. The
agreement is presently before the
N.H. Public Utilities Commission for
its approval.
Rodier asked if the price PSNH will
pay for power produced by the Berlin
plant adjusted based on what Laidlaw
pays for biomass fuel. Bartoszek said
the fuel adjustment clause adjusts the
price for electricity based on a base
price set for biomass and the price
paid at PSNH’s Schiller biomass plant
in Portsmouth.
Bartoszek agreed with Rodier that
the success of the project depends on
having a purchase power agreement.
Counsel for the Public Allen Brooks
asked if the agreement could end up
costing rate payers during periods
when electric rates are low and wood
prices high. Bartoszek said there is a
public benefi t to PSNH diversifying
its electric generation mix to include
power produced by alternative energy
sources. Committee member Michael Harrington
suggested the proposed
power agreement shifts the risk from
Laidlaw onto rate payers. Bartoszek
pointed out his company has taken
considerable risk with approximately
$14 million already invested in the
project.
Wrapping up yesterday’s session
was testimony by City Planner
Pamela Lafl amme on the stipulations
the city has negotiated with Laidlaw.
Lafl amme said the city supports the
project with the stipulations. The stipulations
include noise limits, times for
truck deliveries, and call for the company
to invest $325,000 to design and
develop a river walk.
Attorney for the Public Peter Roth
said he was glad to see the city get
involved and negotiate stipulations
that would be included as conditions
on any certifi cate the committee would issue.
Aug 31, tuesday. no Berlin Daily Sun on mondays, smart move. imo its already a done deal and is dotting i's and crossing t's & just waiting to get thru sec hearings before release
Good point. you dont think that anyone associated with this would want in. like i said from the court stenographer to the mailman's brothers uncle, all NH residents, if screwed over, forget any permit.