Shares continue to plunge today after Managing Director and Senior Equity Research Analyst at Axiom Capital Management, Gordon Johnson, issued a statement saying that he was unsure if the company could survive 2016......Shares of Sunedison Inc (NYSE:SUNE) are down well over 90% over the last six months......…
ContinueAdded by Long Islander on January 13, 2016 at 6:00pm — 4 Comments
Dec 6, 2015
Call them hedge fund hotels or financial engineering Frankensteins, their complexity and leverage are being looked at with fresh eyes by both rank-and-file investors and hedge fund billionaires.…
ContinueAdded by Long Islander on December 6, 2015 at 3:30pm — 12 Comments
10/27/15 - The complaint is the Top Download for Courthouse News on Tuesday. Lead plaintiff Simon Fraser's securities class action, filed Friday in San Mateo County Superior Court, asserts violations of the Securities Act against TerraForm Global and its parent company SunEdison Inc.
Besides TerraForm and SunEdison, the class action also names TerraForm's CEO, chief financial officer and senior vice president; JPMorgan Securities; Barclays Capital; Citigroup Global Markets;…
ContinueAdded by Long Islander on October 27, 2015 at 9:20pm — 2 Comments
Please see the question from Kathy Sherman below.
This financial free-faller somehow recently found $2.75 million to try and buy off Mainers yet they are almost universally despised in Maine, the state where I believe most of their U.S. current and planned wind business is…
ContinueAdded by Long Islander on October 8, 2015 at 9:30pm — 9 Comments
Kurt Adams, a former head of the Maine Public Utilities Commission, is leaving his job as chief development officer at wind developer SunEdison to become chief executive of Summit Utilities, Summit has announced.
.......Adams who chaired the PUC from 2005 to 2008, was previously chief development officer at First Wind, which was acquired last year by a SunEdison subsidiary. First Wind/SunEdison are the largest wind developers in…
ContinueAdded by Long Islander on October 6, 2015 at 9:12am — 6 Comments
It has been a long way up and quick ride down for SunEdison but bad news keeps piling up for the hedge fund hotel even as it dead-cat-bounces again. As the stock bounces, just as it bounced in September after Steve Cohen's Point72 exposed their stake and JPM jumped to the rescue, uncertainty remains extreme. Amid a surge in debt and increasingly negative…
ContinueAdded by Long Islander on October 5, 2015 at 9:30pm — No Comments
Layoffs at SunEdison as Investors Question the Renewable Energy Developer’s Strategy
Why is a company that has to lay off so many of its workers giving so much money away to so called environmental groups in Maine?
It started off as a normal gathering. People mingled at multiple bars. A house band played on a small stage upstairs. Waiters handed out meat on sticks.
Suddenly, all the…
ContinueAdded by Long Islander on October 5, 2015 at 9:30am — 5 Comments
From the archives -- wasn't First Wind (now Sun Edison) CEO Paul Gaynor some sort of green energy adviser to then Mass Governor Deval Patrick?
Who are these people destroying Maine?
EXCERPTS:
Time is running out for Gov. Deval Patrick’s clean energy bill, and he is starting to sound a little worried about its prospects.
I caught up with him today as he…
ContinueAdded by Long Islander on October 3, 2015 at 2:00pm — 7 Comments
The S Donald, the U.S. Congresswoman's husband who personally incubated D.E. Shaw, longtime half owner of First Wind, sells his pro-wind newspapers.
Press Herald papers purchased by midcoast businessman Reade Brower
A memo sent to Maine Today Media staff late Tuesday confirmed financier S. Donald Sussman, husband of Democratic U.S. Rep. Chellie Pingree, agreed to sell the paper. …
ContinueAdded by Long Islander on April 28, 2015 at 5:00pm — 13 Comments
3/18/15
First Wind has applied for permission to install six meteorological towers in Chase Stream, Misery, Misery Gore and Johnson Mountain townships, according to Samantha Horn-Olsen, planning manager for the Land Use Planning Commission......The relevant parcel is owned by Plum Creek Maine…
Added by Long Islander on March 18, 2015 at 6:30pm — 17 Comments
In the event the First Wind acquisition is not completed, TerraForm Power intends to use the net proceeds of this offering for general corporate purposes.
http://globenewswire.com/news-release/2015/01/14/697481/10115580/en/TerraForm-Power-Announces-Public-Offering-of-Common-Stock.html
…
ContinueAdded by Long Islander on January 17, 2015 at 2:30pm — 25 Comments
Please see the comments below for latest Brad Blake email to BDN Reporter Jen Lynds on First Wind.
Yet another incursion in Katahdin country.
First Wind celebrates Oakfield windpower project groundbreaking
The power that will be generated by the project is contracted to be…
ContinueAdded by Long Islander on September 26, 2014 at 2:00pm — 32 Comments
Being Aboveboard About Underwriters
Maine Public Broadcasting Network’s policies on disclosure generate criticism
by Al Diamon
EXCERPTS:
As MPBN’s annual report for last year shows, First Wind is one of the network’s largest underwriters, having contributed over $25,000. …
ContinueAdded by Long Islander on July 15, 2014 at 11:30pm — 1 Comment
Excerpt:
The companies cited more than 2,100 megawatts of proposed wind power capacity in Northern Maine as the impetus for the project.
Excerpt from Reader Comments:
So, just to be clear, CMP and Emera which operate the distribution system for just Maine electric consumers are going to coordinate their efforts to build new transmission lines in the state to ship power to southern New England. Since CMP and…
ContinueAdded by Long Islander on July 7, 2014 at 11:13pm — 2 Comments
First Wind's lead attorney Juliet Brown:
"The industry has some very vocal opponents who are well funded, who are very ideological, and who are motivated to show up at public hearings and legislative hearings, and that tends to be the noise that you hear," Brown says.
It's all right here:…
ContinueAdded by Long Islander on June 30, 2014 at 10:30am — 1 Comment
BDN: New Maine environmental group launches anti-wind power ad campaign
Added by Long Islander on June 21, 2014 at 3:30pm — 3 Comments
Friday, June 13, 2014 Hawaii wind player gets comeuppance in Maine |
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Added by Long Islander on June 13, 2014 at 10:30pm — 11 Comments
Added by Long Islander on May 29, 2014 at 11:00pm — No Comments
By …
ContinueAdded by Long Islander on May 1, 2014 at 7:00pm — 28 Comments
First Wind is going to INVEST a billion in Maine? Hardly.
First Wind is going to invest a billion in themselves so that they can grab the Production Tax Credit, a lavishly generous subsidy that is the largest of all the "subsidy extenders" draining the national treasury. This will do nothing positive for Maine but will create many large negative impacts to Mainers' health, Maine's environment,…
ContinueAdded by Long Islander on April 26, 2014 at 1:00am — 26 Comments
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U.S. Sen Angus King
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Sign up today and lend your voice and presence to the steadily rising tide that will soon sweep the scourge of useless and wretched turbines from our beloved Maine countryside. For many of us, our little pieces of paradise have been hard won. Did the carpetbaggers think they could simply steal them from us?
We have the facts on our side. We have the truth on our side. All we need now is YOU.
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-- Mahatma Gandhi
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Vince Lombardi
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Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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