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Jonathon0713

05/01/09 12:52 PM

#44456 RE: rich sears #44455

No Rich,

The financing is secured and not contingent on permit financing. The 100 million is allocated to plant construction and site setup nothing more. The only thing that is contingent on the permit is when construction begins and the plant becomes fully operational. Laidlaw is required to use other financial vehicles for the permiting process is all Matthew was saying.