Alternative Energy

[Transat 5]

Hi QT,

LLEG an add ?

blurb courtesy of Stockprofits board

Laidlaw energy (LLEG) was founded in 1999 with the objective of pursuing development and acquisition opportunities in the distributed power generation sector. in addition to acquisitions, lleg has developed the strategy of converting small fossil fuel fired facilities with dedicated steam hosts to alternative fuel sources – an innovative strategy recognized by the new york state energy research and development authority (nyserda) when it recently awarded Laidlaw energy its maximum grant award for a demonstration project of $1 million dollars, along with three other projects submitted by fortune 500 applicants siemens, northern power and the new york times company. a copy of governor george pataki’s press release announcing the grant can be found here:

http://www.state.ny.us/governor/press/year04/june24_4_04.htm

Laidlaw energy’s first fuel conversion project is an innovative renewable energy project located in cattaraugus county, new york. the renewable energy project involves the conversion of the Laidlaw energy & environmental natural gas cogeneration facility to utilize clean “wood biomass” or wood chips as its fuel source. upon completion of the conversion to wood biomass, the facility will generate approximately 7 megawatts of electric output, of which approximately 6 megawatts will be exported to the grid pursuant to a long-term contract with the local utility. the remaining 1 mw will be utilized at the facility by a related lumber business, that will also use the excess heat and steam from the generation facility in order to custom kiln dry hardwood lumber. aside from the production of green energy and the creation of a significant number of well-paying jobs, the conversion of this facility to wood biomass will eliminate the use of approximately 350 million cubic feet of natural gas per annum and neutralize the production of green house gases by the facility.

all wood biomass utilized by the facility will be “clean, source separated, unadulterated wood waste”, consistent with new york department of environmental conservation (dec) regulations. such clean wood waste will mainly be comprised of ground pallets, whole tree chips, wood residue from local furniture manufacturers and other similar forms of wood waste. lleg has worked closely with dec during the development process of the fuel conversion project in order to ensure compliance with all applicable state and federal environmental regulations.

wood biomass is abundant in the buffalo area where the plant is situated, since many local businesses generate a significant number of pallets that are used to receive, store and transport products. many of these pallets end up in landfills or as a waste byproduct from remanufacturing. a substantial amount of wood chips are also generated from land clearing and as a waste product by furniture manufacturers and lumber mills. in order to capitalize on the abundant wood waste within close proximity to the facility, lleg has negotiated a long-term fuel supply agreement with cousineau forest products to provide wood chips for the facility. cousineau has been providing biomass boiler fuel to power plants and paper mills in the northeast for over 40 years. headquartered in strong, maine, cousineau is interested in expanding into western new york and views a relationship with lleg as a vehicle for that expansion. lleg’s agreement with cfp, which provides for 100% of the facility’s fuel requirement, also eliminates the need to manage numerous supply agreements with smaller wood chip sources, thus eliminating the pitfalls of dealing with smaller and potentially less reliable sellers.

Laidlaw energy has a strong management team, with nearly 100 years of combined energy industry experience. lleg’s plant manager and project engineer have been involved with the ellicottville facility since it commenced operations in 1990 and lleg’s project manager has over 20 years of wood biomass experience and holds a patent on close-coupled wood gasification. moreover, lleg will be assisted via its partnership with nyserda, who will oversee the construction of the fuel conversion project and adherence to environmental regulations and performance expectations.


Laidlaw energy believes that the conversion of the facility to wood biomass is a winning strategy and a blueprint for future projects. in the case of the ellicottville facility, conversion to wood biomass will dramatically reduce the facility’s operating costs, while allowing for increased electric capacity and the production of heat and steam for kiln drying hardwood at highly competitive prices. lleg believes this strategy can be replicated in order to convert other facilities rendered uneconomic by high fossil fuel prices or as an alternative to coal generation, which can often result in significant hazardous emissions.