Laidlaw Energy Group, Inc.(fka LLEG)

[egrohs]

Berlin Biomass Construction Site Being Dismantled

Beyond belief that one particular IPP, Whitefield, demanded 13 million dollars on top of the short-term PPA that they were being offered. Unbelievable.

If this project does not move forward, there will be no short-term PPA's for the other IPP's. There are a few of them that will not be sustainable without that short-term PPA. Those other IPP's are literally fighting for their survival at this point. I'm the sure the pressure is being put on Whitefield at this point. Being that they are based in Korea and judging from their website, they seem to be doing fine without PSNH. Not sure they will drop their appeal to allow this project to move forward.

http://www.nhpr.org/berlin-biomass-construction-site-being-dismantled

"Some observers wondered whether Cate Street would really give up on a project that has taken so long to come together.

But now the company is removing its equipment from the proposed site.

The site should be closed down in a couple of weeks, according to Richard Cyr, an official with Cate Street."