Laidlaw Energy Group, Inc.(fka LLEG)

[Grozny]

Cash for credits
I found this article posted about a different biomass-to-energy plant. The program is also available to Laidlaw's proposed Berlin, NH plant and the government incentives are expected to subsidize part of their construction financing costs.

http://www.bizjournals.com/charlotte/blog/power_city/2010/12/tax-legislation-may-benefit-reventure.html

"A provision in the tax bill extending the Bush era tax cuts contains a provision that would also extend a tax-credit program for renewable energy projects."

"The program, scheduled to end Dec. 31, pays cash in lieu of tax credits for renewable projects. Since renewable startups such as the ReVenture project seldom have sufficient profits to take advantage of the tax credits, the credits themselves are unhelpful to the projects.

But the cash payments can make an immediate impact on the feasibility of the project.

The 20-megawatt biomass plant that Forsite plans to build in the park could qualify for as much as $40 million in tax credits under the program."