Laidlaw Energy Group, Inc.(fka LLEG)

[Grozny]

Deal Saves Berlin Biomass Plant !!!

http://www.nhpr.org/deal-saves-berlin-biomass-plant

Reports of the demise of a proposed biomass plant in Berlin apparently were premature. NHPR’s Chris Jensen reports.



The proposed Berlin BioPower Plant – touted as a economic boost to the North Country - has come back to life.

That news came in a filing today with the Public Utilities Commission.

The filing shows that a group of small biomass plants have agreed to drop a legal challenge to a 20-year contract between Public Service of New Hampshire and the Berlin plant.

In exchange the plants – some of which have admitted they are in serious financial trouble - will get contracts to sell electricity to Public Service of New Hampshire.

Those contracts are for about two years and total about $20 million. That will raise the rate of a residential customer about 55 cents a month, according to an analysis by the PUC.

In addition to letting the Berlin plant go ahead the deal would save several hundred jobs that would have been lost had the small plants closed.

The deal has to be approved by the Public Utilities Commission.