reversetaxman -- I should have included the following thoughts along with my earlier response to your question... IMO if Laidlaw is able to execute an agreement to sell both the electricity produced as well as the REC's to a third party such as PSNH (which would be required to purchase the electricity anyway subject to grid capacity and which would want to purchase to the RECs to meet regulatory requirements), this agreement would be taken into favorable consideration by potential lenders for the proposed facility... The agreement would add an element of certainty to the issue of the ability to repay the financing extended... All else being equal...
Tom
Patience.
DIVERSIFICATION IS RULE #1 -- YOU ALONE ARE RESPONSIBLE FOR YOUR INVESTMENT DECISIONS -- ALWAYS CONDUCT YOUR OWN DUE DILIGENCE -- NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE -- HOPE IS NOT AN INVESTMENT STRATEGY -- PATIENCE !!!