SunEdison First Wind - Former PUC head Kurt Adams taking helm of Summit Utilities

Kurt Adams, a former head of the Maine Public Utilities Commission, is leaving his job as chief development officer at wind developer SunEdison to become chief executive of Summit Utilities, Summit has announced.

.......Adams who chaired the PUC from 2005 to 2008, was previously chief development officer at First Wind, which was acquired last year by a SunEdison subsidiary. First Wind/SunEdison are the largest wind developers in Maine.

Please read the whole article in the Portland Press-Herald or at:

http://www.pressherald.com/2015/10/05/former-puc-head-kurt-adams-to...

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Comment by Barbara Durkin on October 6, 2015 at 8:55pm

Revolving doors and government subsidies...

Ian Bowles was former MA Secretary of Energy and Environment who wrote rules that require us to buy what he now sells and services, renewable goods and services. 

Investor Bowles-

Mr. Bowles is a nominee for director. He is Co-founder and Managing Director of WindSail Capital Group, a Boston-based investment firm providing growth capital to emerging clean energy companies, a position he has held since March 2011. Mr. Bowles is also Senior Director of Albright Stonebridge Group, a global strategy firm based in Washington, DC, a position he has held since February 2011. From January 2007 to January 2011, Bowles served as Secretary of Energy and Environmental Affairs of Massachusetts, during which time he oversaw all aspects of energy and environmental regulation and policy in Massachusetts. Earlier in his career, Mr. Bowles served on the White House staff for President Bill Clinton, holding the posts of Senior Director of Global Environmental Affairs at the National Security Council and Associate Director of the White House Council on Environmental Quality. cut-

Former Gov Deval Patrick appointed First Wind CEO Paul Gaynor as Advisor to Bowles (the energy Secretary's office), on green policies, mandates and regulations, under the Green Communities Act. Translated:  First Wind CEO helped Ian Bowles write the renewable rules that benefit wind and solar companies like First Wind. 

Like Kurt Adams of ME PUC, Ian Bowles MA energy secretary parachuted to First Wind.  And, Ian launched a host of renewable companies including Rhumb-Line Energy, with three of his former staffers at the MA Energy Secretary's Office.

MassCEC surcharges ratepayers to invest in renewable companies and its Founding Chairman is Ian Bowles. 

MassCEC CEO Alicia Barton, daughter-in-law of MA State Auditor, recently, (August 2015),  departed to SunEdison, SUNE. 

That SUNE has lost 71.4% of its value after acquisition of First Wind, (over 3 months), doesn't spell Job security for MassCEC CEO Barton.  

Recall?  A continuing problem...self dealing...

By Portland Press Herald

Staff Report

May 01, 2008 01:11 PM

'Revolving door the norm in D.C. but rare in Maine'

According to a story Thursday by Naomi Schalit, of the Maine Center for Public Interest Reporting, former PUC Chairman Kurt Adams negotiated a pretty sweet deal for himself about a month before leaving the state's employ.

Adams accepted a vice-president's position at the Boston-based First Wind, a company seeking to develop a wind energy project in Maine.

A Securities and Exchange Commission filing says his first-year compensation at
the firm totaled $1.3 million, which included $315,000 in salary, $658,000 in
stock, $29,000 in "other" compensation and $315,000 in "non-equity compensation."

http://news.mainetoday.com/upd...

cut-

Second Wind (Patrick appointed Advisor on green policy) First Wind Paul Gaynor's Vice President Michael Jacobs worked as a sales manager at Second Wind, Inc., and held the position of utility analyst for the Massachusetts Department of Public Utilities.

IT'S ALL ABOUT THE MONEY (OURS)

“Second Wind received a $500,000 loan from the Massachusetts Renewable Energy Trust to help develop the Triton.”

http://www.masscec.com/index.c...

Second Wind is partnering with WindPole Ventures-

http://www.mass.gov/Eoeea/docs...

Comment by Eric A. Tuttle on October 6, 2015 at 2:15pm

Maybe fortunately for us, he is removed. This is the actions of many corporations when they take over another, such as SUNE acquiring First Wind. Management and team advisors etc, aka the top brass, is usually replaced with the acquiring company's teams. I have seen this MASSIVE transition several times in places I was employed. However in those cases it was not for the better of the employees, but more ruthless to make a greater profit by any means. Such may happen with denial of certain payments to communities or organizations. Though if challenged in court a reduced payout could be a settlement, if they argue that SUNE is on the brink of bankruptcy. He was probably  provided sufficient notice to seek another job, but the handwriting is on the wall premise, should always be at the top of ones thoughts when in such a position.

Comment by Long Islander on October 6, 2015 at 1:44pm

Would it be fair to say that SunEdison has now lost a key insider in Maine...one who knew many decision makers in Augusta and elsewhere?

Comment by Gary Campbell on October 6, 2015 at 1:41pm

So what can we take from this? Apparently Kurt Adams and Stacey Fitts weren't rabid supporters of wind development because it would solve the imagined energy problem. Could it be they were rabid supporters of wind development because it was good for their wallets! Mmmmh.

Comment by Long Islander on October 6, 2015 at 1:21pm
Comment by Pineo Girl on October 6, 2015 at 12:29pm

Hmmm - Who knew that Stacy Fitts worked for Summit?  A surprise to me but others seemed to know he sold out!

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/

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