Laidlaw Energy Group, Inc.(fka LLEG)

[discreet_suffolk]

Matt: I updated your Stocky Note. You might want to update the current sticky note.

Laidlaw regards to the Berlin, NH project

-Terms sheet for Power Purchase agreement with Public Service of New Hampshire PSNH (20 year contract to purchase 100% of LLEG's power)
-Financed $100M for the biomass conversion
-Land and buildings purchased for pennies on the dollar

LLEG HAS filed for their Renewable Energy Facility permit with the NH Site Evaluation Committee on 12/16/2009. The process will take approximately 9 month for approval:

READ THE PERMIT for detailed information: http://www.nhsec.nh.gov/2009-02/documents/091216application.pdf


Once permit is approved, LLEG will be ready to begin construction fall 2010. Construction is scheduled for completion in 2014.

Most are under the impression that the Permitting will go in Laidlaw's favor, considering they are backed by the NH Governor through his 25% by 2025 initiative.

LLEG also has a joint venture with Homeland Renewable Energy, who has Biomass power plants up and running. HRE's plants are fueled by poultry litter, but have 4 projects planned with LLEG for wood burning power plants.

1 of these projects has been announced, a combined Solar/Biomass power plant in New Bedford, MA.

Any questions, please ask!