Long Islander's Blog – January 2016 Archive (20)

SunEdison Sets on Former First Wind CEO Paul Gaynor

Oh, Paulie? Won't see him no more...

 

According to UBS, Paul Gaynor (former First Wind CEO) has also departed, although this was not disclosed in the 8K filing. "Given Paul's former role as CEO of…

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Added by Long Islander on January 27, 2016 at 12:00am — 3 Comments

Resolution for Kurt Adams

Note that there is one board seat that has not yet been filled and that three terms will be expiring in May and one in April. Another term (Medd) expired in 2015.…

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Added by Long Islander on January 24, 2016 at 10:30am — 2 Comments

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…

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

Transmission Projects - The Way Life Should Be ..... For Massachusetts

Updated: 1/24/16

This mammoth transmission project uses as rationale: "Reduce Maine’s consumption by at least 30 percent from 2007 levels of oil by 2030.....". One logical question would thus seem to be -- how can wind electricity projects reduce oil consumption if we do not use oil…

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Added by Long Islander on January 24, 2016 at 12:30am — 1 Comment

Vermont Energy Critics Make Strongest Statehouse Push

The makeshift wind turbine erected in front of the Statehouse, emblazoned with the governor’s last name, was the first hint. Then there were the sign-bearing protesters flanking the Statehouse doors.



Inside, in the halls of the Statehouse, the cafeteria and committee rooms, scores more were dressed in bright green vests to highlight their presence and emphasize the danger they feel.



Wednesday brought the biggest show of force yet by Vermonters upset with the state’s…

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Added by Long Islander on January 21, 2016 at 9:11pm — 2 Comments

UPDATE: LD 1339 Not Being Discussed at Today's EUT Meeting

UPDATE at 3PM: I just received a note advising that LD 1339 will not be discussed today and that a replacement date has not yet been announced. Please advise if you hear a date/other information.

A seemingly important Energy, Utilities and Technology Committee work session, with potential Wind implications is scheduled for today, 1/19/16 at 2:00PM according to the Bangor Daily News:

"An effort to cap…

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Added by Long Islander on January 19, 2016 at 12:30pm — 1 Comment

Rep. Larry Dunphy asks if the $1.4 Billion MPRP CMP Upgrade was Built to Help the Wind Industry at EUT Meeting (Watch the Video)

At the EUT Public Hearing on 1/14/16 on LD 1513, during testimony by Ben Smith, Skelton, Taintor & Abbott counsel representing Houlton Water Company, EUT member Representative Larry Dunphy asked Mr. Smith, in essence, if the MPRP ($1.4 BILLION CMP…

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Added by Long Islander on January 16, 2016 at 10:00pm — 5 Comments

The New Official Maine State Animal: The Elephant in the Room

Happening now, transforming, if not transmogrifying Maine, is an explosion in transmission lines the state over. They are funded by ratepayers and the biggest of them all "the CMP Upgrade" or Maine Power Reliability Project was sold to us under false pretense by Iberdrola and the Baldacci…

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Added by Long Islander on January 14, 2016 at 4:41pm — 6 Comments

Fourteen Years Ago: Maine legislators received Enron funds

Maine legislators received Enron funds

A legislator from Presque Isle who serves on the committee that deals with utility and energy matters says he has no idea why Enron Corp. gave him...................

http://archive.bangordailynews.com/2002/02/07/maine-legislators-received-enron-funds/

Added by Long Islander on January 14, 2016 at 3:06pm — 1 Comment

EUT Public Hearing Starting NOW (2:53PM)

It looks as though they changed the order and the WORK SESSION  went first -- and quickly. It was just announced "they will start in just a few minutes waiting for Representative Dion to come over".

Basically it appears that this bill could allow a company like Iberdrola…

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Added by Long Islander on January 14, 2016 at 12:00pm — No Comments

Gameday: 1PM at the EUT

A seemingly very important Energy, Utilities and Technology Committee meeting, with potentially serious Wind implications is scheduled for Thursday, 1/14/16 according to the Portland Press Herald: "...a public hearing on a bill that would enable CMP and Emera to generate power..."…

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Added by Long Islander on January 14, 2016 at 12:33am — 1 Comment

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......…

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

"Killing Maine" Available at Killer Price on Amazon (written by Mike Bond, Chairperson of wind group Saving Maine)

Mike Bond's "Killing Maine" is a true winner. In fact it just took first prize in Fiction at the New England Book Festival. Mr. Bond's great gifts as a writer become abundantly clear very soon into this masterful book. If you have not yet read this gripping story, I urge you to do so. And please spread the word as it is yet another tool to let people know about what is being perpetrated on Maine and Mainers. (Mike Bond is Chairman of Saving Maine).

From…

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Added by Long Islander on January 8, 2016 at 8:05pm — 1 Comment

Wall Street's nightmare stock Sun Edison crashed 35% - Business Insider

SunEdison will be restructuring old loans at a much higher rate and issuing a bunch of stock. Investors' worst fear about the stock is real. SunEdison is cash poor.

If it wasn't, the company wouldn't have to raise money on terms that sounds like this (emphasis ours):

The Second Lien Facilities will be comprised of $500 million of A1 loans, and $225 million of A2 loans, each of which will bear interest at a rate of LIBOR + 10.0% per…

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Added by Long Islander on January 7, 2016 at 9:10pm — 2 Comments

UMPI's Promised Wind Turbine Follow Up - Three Years Past Due?

"The turbine is expected to produce about 1 million kilowatt-hours of electricity per year and save the institution more than $100,000 annually in electricity charges. It is expected to save an estimated 572 tons of carbon dioxide from being released into the atmosphere each year, or the equivalent of…

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Added by Long Islander on January 6, 2016 at 11:30am — 2 Comments

Locating a Treasure Trove of Maine Wind Documents

If you want to find all kinds of Maine wind documents, spend 20 seconds and:
 
1. Click on:…
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Added by Long Islander on January 3, 2016 at 8:00pm — No Comments

Maine Wind Cartel Crybabies Crying Again (Portland Press Herald)

“I don’t think Commissioner Littell’s suggestion that we’re using one set of analyses for wind contracts and another for natural gas contracts has been borne out,” he said......Glen Brand, director of the Sierra Club’s Maine chapter, called on the PUC to release the data…

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Added by Long Islander on January 3, 2016 at 8:00am — 1 Comment

Dixfield selectmen table wind ordinance vote until Jan. 11

Selectman Eugene Skibitsky made the motion to table the vote to Jan. 11, 2016, saying he wanted to give the board and residents the chance to review the proposed amendments made by Kristin Collins, a Belfast lawyer.

http://www.sunjournal.com/news/river-valley/2015/12/28/dixfield-selectmen-table-wind-ordinance-vote-until-jan-11/1843820

Added by Long Islander on January 1, 2016 at 6:48pm — No Comments

Bristol Wind Committee Reconvenes as Project Receives Grant

At a special town meeting Oct. 1, 2014, a majority of the 300 Bristol residents present voted against allowing the offshore-wind project to connect to the power grid in town, although what authority the vote carries remains unclear.…

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Added by Long Islander on January 1, 2016 at 6:29pm — No Comments

Former NRCM Head Running for State Senate

“Brownie” Carson, the 26-year director of the Natural Resources Council of Maine, has filed paperwork to run for the Maine Senate district representing Brunswick, Harpswell, Freeport and Pownal.…

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Added by Long Islander on January 1, 2016 at 5:30pm — 1 Comment

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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 (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  http://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?"  http://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.” http://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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