It's possible that LLEG may own more than 37.5% of the MA projects if Northstar energy and Novus Energy are not partial owners in both.
LLEG gets ownership through Laidlaw Biopower and Homeland Laidlaw Energy, while HRE appears to only have claim to ownership through HLE.
If Novus and Northstar (Kusche and Bravakis' companies) do not hold ownership in the MA plants, then we can expect LLEG's ownership to be 1*0.5 + 0.5*0.5*0.5 = 62.5%
Have to wait and see on this one!
“We have to make a serious commitment to developing new sources of energy and we have to do it right away.” -Barack Obama
"Investing in energy projects is a marathon, not a sprint." -Michael B. Bartoszek