Avangrid-EDPR Wind Project Trying to Slither Out of its Tax Obligations

Maple Ridge, the largest wind "farm" in the eastern U.S. is a joint venture between John Baldacci's Avangrid and EDP Renewables, the latter partially owned by the People's Republic of China. China is trying to buy the entire company. http://www.windtaskforce.org/profiles/blogs/will-we-allow-communist...

Maple Ridge owners seeking assessment reductions on wind farm

LOWVILLE – The owners of Maple Ridge Wind Farm are seeking to have the assessments on the project’s Lewis County properties reduced by hundreds of millions of dollars.

Flat Rock Windpower LLC and Flat Rock Windpower II LLC have filed tax certiorari actions in state Supreme Court challenging the assessments on its nearly 200 wind turbines and associated transmission lines spread across the towns of Martinsburg, Harrisburg, Lowville and Watson.

According to court filings, the companies’ properties currently have an assessed value of about $565 million. The companies are claiming the total assessed values should be $18.3 million, a nearly 97 percent reduction.

The companies base their proposed reduction in values on a claim that the assessments are illegal, the court complaint states. They contend that the assessments “include personal property or moveable machinery and equipment” that is not considered “real property” for purposes of real property taxation under state Real Property Tax Law.

Read the rest here:

https://www.wind-watch.org/news/2018/09/11/maple-ridge-owners-seeki...

Related:

Must Read: MAPLE RIDGE WIND POWER AVIAN AND BAT FATALITY STUDY REPORT

http://www.windtaskforce.org/profiles/blogs/must-read-maple-ridge-w...

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Comment by Long Islander on Sunday

Poor assessment: Wind companies don’t believe turbines count as real property

Avangrid Renewables and EDP Renewables jointly own Maple Ridge. Avangrid is a subsidiary of Iberdrola S.A., “an energy pioneer with the largest renewable asset base of any company in the world, with more than 14,000 megawatts (MW) of renewable energy spread across a dozen countries,” according to the Avangrid website.

EDP Renewables presents itself as the fourth-largest producer of wind power in the world, in 13 national markets in Europe, South America and North America.

Thus, neither company operates on a shoestring, and both have sufficient assets to bring to bear against tiny Lewis County and its even tinier municipalities.

http://www.watertowndailytimes.com/opinion/poor-assessment-wind-com...

Comment by Stephen Littlefield on September 14, 2018 at 10:22am

As long as Maine schools propagandize windmills as the savior of the earth, and the university system continues their sucking at the teat of big wind. Maine will continue to turn out Lemmings that believe the propaganda of the big blow! And taxpayers will continue to be swindled and our mountains will continue to be destroyed! A downward spiral that so needs to be halted, by teaching real science in schools and stricter over seeing of the university system and what they consider scientific instruction, and not pie in the sky fake science!!  

Comment by Barbara Durkin on September 12, 2018 at 12:19pm

Gary, I wonder if Baldacci & Galan will be among the execs who “walk away with millions in their pockets”.  

Avangrid is Iberdrola.

Feb 22, 2018 · “Iberdrola chief says global renewable sector facing Enron-style endgame.” 02/22/2018. “The chief executive of Spanish utility Iberdrola, Ignacio Galan, has warned of the prospect of financial disaster for the global renewable energy sector, reminiscent of the collapse of Enron...”

https://www.powerengineeringint.com/articles/2018/02/iberdrola-chie...

Hallmarks of ENRON

shell companies, phony trade deals, and complex financial transactions used to inflate earnings, hide debt, and increase stock prices..” 

End-Game-

corporate executives have walked away from corporate disasters with millions in their pockets, often from exercising stock options, while pension funds, investors, employees and creditors have lost everything.”

ENRON LIVES-

EPIC ECONOMIC DAMAGE
SUNEDISON FILES FOR BANKRUPTCY (largest in US during 2016)
WITH $16.1 BILLION IN DEBT
 
‘Shareholder Voice: SunEdison (SUNE) is the new Enron!’
Equities Staff | Sunday, 29 January 2017 08:12 (EST)
A group of shareholders for SunEdison requested attention to their investment
I am writing to you to bring attention to the current SunEdison Chapter 11 Bankruptcy, SunEdison Prime Clerk case docket (16-10992) filed April 21, 2016 Honorable Judge Stuart Bernstein.
We are group of over 1000 shareholders both U.S and International. We are seeking justice. We are actively searching for media’s help to get our voices heard. SunEdison is the new Enron!

Comment by Jim Wiegand on September 11, 2018 at 1:28pm

the tie also shows very poor taste.

Comment by Gary Campbell on September 11, 2018 at 1:26pm

I don't know anything about Baldacci's oral health but that's an old photo. File photos taken when he was Gov show him in the same suit & tie while in the company Iberdrola Group Chairman Ignacio Galan. That ugly tie had to have been a gift from Iberdrola.

Comment by Jim Wiegand on September 11, 2018 at 12:34pm

You would think a guy with millions would fix his damn tooth. This alone shows any outsider that something is very much amiss with this guy. A crown only costs about a thousand dollars, an implant about $2000. This cheap sucker has probably never even cleaned the suit he purchased at Goodwill.

First Prize

NE Book Festival

 

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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