Laidlaw Energy Group, Inc.(fka LLEG)

[Grozny]

More LLEG Laidlaw Energy Group DD:

Laidlaw Energy Group Inc. (LLEG.pk): Cleaner Energy for a Greener Future




Laidlaw's proposed 65MW Berlin Biopower plant

Former NH Representative Charles F. Bass is a member of Laidlaw's Board:

http://www.msnbc.msn.com/id/31510813/ns/msnbc_tv-morning_meeting#33883994
Bass is running for reelection in 2010: http://www.votebass.com


NH Senator SHAHEEN ANNOUNCES $200,000 FOR NORTH COUNTRY BIOMASS ENERGY PROJECTS

http://shaheen.senate.gov/news/press/release/?id=657035ED-C1C4-4D2E-A648-42D949D07CD8
U.S. Senator Jeanne Shaheen announced today that her request to support the development of North Country wood energy projects has been approved by the Senate Appropriations Committee

Laidlaw works well with local community:


Full Local support for Laidlaw's proposed 65MW Biopower plant
http://www.nhsec.nh.gov/2009-02/documents/100909aver_letter.pdf

[Berlin Mayor] "Grenier praised Laidlaw, telling the committee the company “has been a stellar corporate citizen and developer”.
http://www.laconiadailysun.com/BerlinPDF/2010/8/24B.pdf

IMPORTANT DATES FOR LLEG:

http://www.laconiadailysun.com/BerlinPDF/2010/9/14B.pdf

Monday, Sept. 20 - Deliberations begin
Thursday, Sept. 23 - Full decision due

Chart pattern emerging - Similar to last year where LLEG ran to .0075, only primed higher!



ROUGH LLEG VALUATION: Estimated revenues of $77,710,288 USD per annum (20 year contract = $1,554,205,760 over the life of the contract)

Renewable Energy Certificates will bring huge additional revenues to LLEG's Berlin project:

http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=NH09R&re=1&ee=1

http://www.epa.gov/grnpower/documents/gpp_basics-recs.pdf

According to the State of New Hampshire's Renewable Portfolio Standard, Laidlaw's Berlin project will produce (65MW)*(365 days/year)*(24 hours/day) = 569,400 MWh of electricity per year. 1 MWh = 1 Renewable Energy Certificate.



-->Therefore, by NH's standard, Laidlaw's Berlin Project can sell 569,400 Renewable Energy Certificates per year @ $60.92 per Certificate. Laidlaw will generate $34,687,848 USD per year in revenue just from RECs alone.

-->The 65MWh of power will also be sold per a Power Purchase Agreement. PSNH (NH's utility provider) sells power at $.151115 per kWh. Assuming that PSNH buys Laidlaw's power at half what they charge consumers ($.0755575 per kWh), Laidlaw will generate $43,022, 441 USD per year in revenue from sale of electric power.

-->That brings Laidlaw's total estimated revenue to $77,710,288 USD per year. The power purchase term sheet lists the proposed Power Purchase Agreement as a 20 year contract (http://www.biomassmagazine.com/article.jsp?article_id=2088 & www.psnhnews.com). This contract (under current REC and electric rates) would supply Laidlaw with $1,554,205,760 USD in revenue for the 20 year life of the contract.

-->LLEG owns 37.5% of the Berlin project, giving them a total of $582,827,160 of revenue over the life of the contract.

--> It has been discussed that LLEG sold their equity position in Laidlaw Berlin for cash. This could make for a nice balance sheet at the end of the year and allow LLEG to grow!


Do your own DD on this one! Here are a few state of NH links to get you started:

http://www.puc.nh.gov/Regulatory/Docketbk/2010/10-195.htm
http://www.nhsec.nh.gov/2009-02/index.htm