Laidlaw Energy Group, Inc.(fka LLEG)

[purplemountain]

LLEG apparently is still due a payment upon closing of the construction loan. The level of that payment has been the subject of much speculation on this board, but there is a payment, probably somewhere between $1 and $1 billion.

We get that payment only to the extent Cate Street can actually get complete financing for the project. Given the changes to the PPA and the new capital cost numbers, that may be in doubt. Rumors have been flying around NH political circles to that end, and I now see why.

I would note that runors carry no weight, but if we are due a payment upon closing of construction financing then we have an interest in making sure that event occurs.