Richard Silkman was one of the founders of the horrible Beaver Ridge wind project in Freedom, ME.
"FERC charged last summer that Richard Silkman, a principal in the energy company, gave improper advice to Rumford Paper. The advice was related to a program run by New England's power grid operator, in which big power users are paid to reduce electricity consumption during times of high demand. Silkman allegedly advised Rumford Paper to reduce its internal power generation and buy energy for a five-day period, to set an "artificially inflated" baseline.
That ultimately benefited the paper mill over six months in 2007 and 2008 whenever it was called on to reduce consumption, according to FERC.
The commission says the actions cost New England electricity consumers more than $3.3 million. Competitive Energy Services received $166,841 during the period, FERC says".
Continue reading at:
Fair Use Notice: This website may reproduce or have links to copyrighted material the use of which has not been expressly authorized by the copyright owner. We make such material available, without profit, as part of our efforts to advance understanding of environmental, economic, scientific, and related issues. It is our understanding that this constitutes a "fair use" of any such copyrighted material as provided by law. If you wish to use copyrighted material from this site for purposes that go beyond "fair use," you must obtain permission from the copyright owner.