Comments - BDN: FIRST WIND's inability to refinance debt raises questions about health of renewable energy market - Citizens' Task Force on Wind Power - Maine2024-03-29T00:09:01Zhttps://www.windtaskforce.org/profiles/comment/feed?attachedTo=4401701%3ABlogPost%3A51462&xn_auth=noTime for Bangor Hydro and Cen…tag:www.windtaskforce.org,2013-08-28:4401701:Comment:515512013-08-28T11:36:56.010ZMartha thackerhttps://www.windtaskforce.org/profile/Marthathacker246
<p>Time for Bangor Hydro and Central Maine power to remove the 19% increase in rates...looks like First Wind has lost it's ability to refinance.</p>
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<p>LURC required wind farm corporations to have decommissioning costs in their nest eggs prior to ever building....in the beginning. Land owners beware; the cash cow might be heading for the slaughter house.</p>
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<p>All the townships who were depending on TIFs might also make some contingency plans. Would not want to be the Lincoln…</p>
<p>Time for Bangor Hydro and Central Maine power to remove the 19% increase in rates...looks like First Wind has lost it's ability to refinance.</p>
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<p>LURC required wind farm corporations to have decommissioning costs in their nest eggs prior to ever building....in the beginning. Land owners beware; the cash cow might be heading for the slaughter house.</p>
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<p>All the townships who were depending on TIFs might also make some contingency plans. Would not want to be the Lincoln treasurer. Is it true that Burlington ,who held out in the Rollins wind farm snow job actually were promised the turbines after 20 years? This is an ideal time for selectmen to start doing independent research.</p>