Why is SunEdison/First Wind giving away so much money to so called environmental groups in Maine?

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 televisions throughout the bar displayed a mysterious countdown clock. When it hit zero, the party transformed. In a blur of multi-colored lights and electronic music, go-go dancers, and men in yellow body suits carrying giant glow sticks filled a multi-level stage in the back of the building. Balloons rained down on the dancing crowd. People sported body paint, fake mustaches and oversized sunglasses. 

It was a celebration that a company at the top of its game would throw. Except SunEdison was not at the top of its game.

http://www.greentechmedia.com/articles/read/Layoffs-at-SunEdison-as...

Robert F. Bukaty | AP
Windmills on Mars Hill Mountain tower over a home in January 2007, in Mars Hill.

"You cannot 'rationalize' what is not rational to begin with - as if lying were called 'truthization.' There is no way to obtain more truth for a proposition by bribery, flattery, or the most passionate argument - you can make more people believe the proposition, but you cannot make it more true". -- Eliezer Yudkowsky

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.

Views: 433

Comment

You need to be a member of Citizens' Task Force on Wind Power - Maine to add comments!

Join Citizens' Task Force on Wind Power - Maine

Comment by Eric A. Tuttle on October 5, 2015 at 4:01pm

This link shows how the Corporate types invest into their own company to prop up and attempt to promote price increases. Though none of these purchases were made from their earnings, but are derived from stock option, as bonuses, generally.

http://www.watchlistnews.com/terraform-power-price-target-cut-to-35...

These are all profits for them, even if it gets to $1.00 per share, when it falls from listing.

All other investors have already lost, if they purchased at over $1.00 per share. Though if through an institutional investor (companies that bought shares such as Oil buying Wind) or mutual funds, their loss will not be as great, as they are deversified investments.

The Bone pickers get their returns from funds derived from selling assets such as buildings and equipment.  

 

Comment by Eric A. Tuttle on October 5, 2015 at 10:49am

Gifts are at the very bottom, as they are neither owned, or debt.

Comment by Eric A. Tuttle on October 5, 2015 at 10:49am

NO, the major stockholders, institutional investors first will get any payouts after the bills are paid or restructured "If" restructuring is not accomplished. Though I think it may be Chapter 13 for business, or another chapter depending......... Debts, major investors bluechip or higher level stocks, then common or other intermediate grades in that progression... 

Comment by Steve Thurston on October 5, 2015 at 10:37am

When Sun Edison files for reorganization under Chapter 11 will the $2.7 million in promises to FMM have any value?  

Comment by Eric A. Tuttle on October 5, 2015 at 10:01am

Maybe they need to raise the PTC amounts? (joking) 

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/

 

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!

© 2019   Created by Webmaster.   Powered by

Badges  |  Report an Issue  |  Terms of Service