Laidlaw Energy Group, Inc.(fka LLEG)

[HLH]

Starwood invests in Berlin Station biomass
15 September 2011

Starwood Energy has announced an equity investment in the 75MW Berlin Station biomass project in New Hampshire. They join Cate Street Capital and a third tax equity investor in providing roughly $75 million in equity for the $275 million plant. Prudential Capital was lead arranger of a $200 million private placement...

From LLEG website:

"After the successful development of the project which commenced as little more than an idea in 2006, Laidlaw Energy reached an agreement to sell its equity stake in the project in consideration for an up front payment and a subsequent payment to occur upon the closing of the project financing for the Berlin Project. Laidlaw currently remains a substantial stakeholder in the project, however, until the terms of the transaction have been satisfied."

We will know soon How much LLEG being paid in full for the subsequent payment. Hopfully this piece of news come together with the audited result...IMO....