With a conditional PUC approval of the purchase power agreement (PPA)
with PSNH, Laidlaw Berlin Biopower has been busy with their financial people
reworking their proposal to comply with the PUC order. Although complex,
Laidlaw saw a significant sum of revenue in the two early years reduced to protect
NH ratepayers from potential overpayment. With an amended business plan
forthcoming, my hope is we could have groundbreaking before July 1. The whole
NH EFSECIPUC process for permitting a plant over 30MW has been an education
for me. If anyone ever wonders how come companies go overseas to manufacture
goods, think of this five-year regulatory nightmare.
When you change the way you look at things, the things you look at change. -Max Planck
