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LLEG (Laidlaw Energy Group) information and revenue predictions

-Docket on the state of NH’s Site Evaluation Committee website for their 70MW biopower plant:
LLEG's NH SEC Docket

-It has just been set as a medium to long 100% buy on barchart.com:
LLEG on Barchart.com

-NH Senator Jeanne Shaheen recently announced $200,000 for projects similar to LLEG’s:
Senator Shaheen announces 200,000 for biomass projects in NH

-LLEG just got their required air permit:
LLEG's Air Permit decision
FINAL DETERMINATION To Grant a Prevention of Significant Deterioration/Non-Attainment New Source Review Permit For Laidlaw Berlin BioPower, LLC to construct 1,013 MMBtu/hr Biomass Boiler, 323 hp Diesel Fire pump and 4-cell Cooling Tower located at 57 Hutchins Street Berlin, NH 03570

-LLEG also recently inked a 20 year contract with Public Service of New Hampshire (Valued at over $1,500,000,000 ($1.5 Billion) over 20 years):
PSNH News site explaining how important Laidlaw Berlin Biopower is to their portfolio
PSNH Reaches Power Purchase Agreement with Laidlaw Energy

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!

-LLEG also has projects planned in Massachusetts. One in New Bedford, MA:
Laidlaw energy announces combined biomass and solar plant
And another in Ware, MA:
http://laidlawenergy.blogspot.com/2009/01/new-project.html



-Former congressman Charlie Bass is a member of LLEG’s board of directors:
Charles Bass joins Laidlaw's Team

-Congressman Bass just won the GOP nomination for congress in NH:
http://thehill.com/blogs/ballot-box/house-races/118857-ex-rep-bass-wins-primary-for-old-job

LLEG is a solid company setting themselves up for success. Laidlaw Energy Group will receive their notification of permit decision on September 23, 2010 with construction slated to begin shortly after.