Replies to post #98501 on Laidlaw Energy Group, Inc.(fka LLEG)

[BigBucksFl]

But a NG plant would not give them the needed power purchases and Class 1 REC's required by NH law mandated to reach certain levels each year up to the max of 25% by 2025.

If PSNH fails to buy power and obtain the REC's needed, the ratepayers will pay even higher prices for electricity due to fines and penalties passed along to the consumer. This is something the PUC spent little attention on and should have been forced to by LLEG/Cate in the PUC hearings, IMO.

Got to get some chores done, be back later.


MIKE HAS MY TRUST, BECAUSE HE HAS EARNED IT ! ! !

I WILL CONTINUE TO HOLD STRONG. NOT LETTING GO OF MY SHARES IN A PANIC ! ! ! !

PATIENCE IS STILL KEY WHILE WE AWAIT MORE INFORMATION FROM MIKE / LLEG ! ! !

PANIC IS THE ENEMY ! ! ! !


EVER FORWARD, EVER UPWARD ! ! ! !

LOOKING FORWARD TO ANOTHER GREAT DAY, WEEK, MONTH AND YEAR WITH LLEG !!!

AS ALWAYS,

GO LONG ! ! ! ! ! ! ! ! !

KEEP THE FAITH ! ! ! ! ! ! ! ! ! ! !

ENHANCE YOUR CALM ! ! ! ! ! ! ! ! ! ! !

STAY THE COURSE ! ! ! ! ! ! ! ! ! ! ! !

GO LLEG ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

[CTTC]

Very good question. First they've wanted to get control of the biomass generating business for a long time and now they have the chance to do it and meet the renewables portfolio standard the state has in place. NG is not renewable. Secondly PSNH has the cash to build the plant themselves without assembling all the investors to partner with and I think PSNH feels they could build the plant cheaper by themselves.

If NG is such a deal, bearspread, why build a biomass plant in Berlin in the first place?

[CivilStruct]

PSNH would have considerably more "wiggle room" to work with ballooning costs, given that they would "cut out the middle-man". I don't remember what the amount of power generated in the PPA is, nor do I know what the rate to buy electricity is around there, but I suspect that there is plenty of potential profit (or cost savings) for PSNH to own the plant. I'm guessing that the $1.3B that PSNH would pay per the PPA pales in comparison to what the customers pay PSNH for the same power. That is where PSNH makes their profits. Any profit that Cate Street, LLEG or any other owner would get, diminishing tho it may be, is still additional profit to PSNH.

[jmhollen]

This is where being an experienced engineer in the power and Biomass business comes in handy........

PSNH can obtain ultra-low-interest loans, forgivable loans, grants, project-now-running repayments, and other incentives very quickly from the FED and/or State that commercial firms have to battle for; they already have credibility and the right connections. . In addition this plant can be online very quickly and work would be supervised by PSNH and most likely an EPC (..Engineering & Procurement Contractor, like DPR, Fluor-Daniel, Stone & Webster, Rust, Bechtel..) to guarantee fast-track completion, startup, commissioning, and turnover.

Years would be saved vs. construction of a new NG plant which should also cost more due to the extensive Explosion Proof design requirement of working with flammable gas and possible LNG backup fuel storage, not to mention the underground pipeline and pressure reducing station(s) effort required.

It's easy to complete/upgrade/operate something that's already there. . It's a whole new ballgame to start from scratch - when you are already under pressure to include Green Power preferably from independent producers.

:-)

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