Long Islander's Blog Posts Tagged 'enron' (6)

Billionaire Goes to War With SunEdison Inc

To sum up the situation at SunEdison; executives are fleeing, debt costs are rising, and a billionaire hedge fund manager is trying to block a transaction that would have made the Vivint Solar acquisition manageable.

I don't know where this ends, but none of the signs are good for SunEdison today. It will take a miracle for the company to get out from under its past mistakes and now the company is in court fighting against one of the most powerful men on Wall Street. That's far too…

Continue

Added by Long Islander on January 24, 2016 at 1:00am — No Comments

Doubts SunEdison Will Make it Through 2016; Appaloosa Sues; Stock Crashing

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......…

Continue

Added by Long Islander on January 13, 2016 at 6:00pm — 4 Comments

Forbes: SunEdison a Financial Engineering Frankenstein

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.…

Continue

Added by Long Islander on December 6, 2015 at 3:30pm — 12 Comments

TerraForm Investors Say SunEdison Duped Them

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;…

Continue

Added by Long Islander on October 27, 2015 at 9:20pm — 2 Comments

Does Maine PUC get to approve sale of these projects? Purchase by utility is blatant violation of the intent of deregulation

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…

Continue

Added by Long Islander on October 8, 2015 at 9:30pm — 9 Comments

First Wind Frolics - If the taxpayers bought you a $115 million GIFT, would you still need to borrow $75 million?

The other day First Wind announced they were looking to borrow $75 million. The press release was apparently NOT released to the media in Maine. Maybe doing so would have frightened the so called Maine environmental groups who associate First Wind with giving them money.…

Continue

Added by Long Islander on April 2, 2014 at 9:30am — No Comments

Monthly Archives

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

1999

 

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/

Not yet a member?

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.

“First they ignore you, then they laugh at you, then they fight you, then you win.”

 -- Mahatma Gandhi

"It's not whether you get knocked down: it's whether you get up."
Vince Lombardi 

Task Force membership is free. Please sign up today!

Hannah Pingree on the Maine expedited wind law

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/

© 2024   Created by Webmaster.   Powered by

Badges  |  Report an Issue  |  Terms of Service