Comments - Jury returns with a whopping $13.6 million verdict against First Wind 11/18/16 - Citizens' Task Force on Wind Power - Maine2024-03-29T08:59:17Zhttps://www.windtaskforce.org/profiles/comment/feed?attachedTo=4401701%3ABlogPost%3A89662&xn_auth=noAMAZING THESE RECENT EVENTS F…tag:www.windtaskforce.org,2017-01-19:4401701:Comment:894922017-01-19T06:04:38.023ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p>AMAZING THESE RECENT EVENTS FOR FIRST WIND ET AL BOUGHT BY SUNEDISON, THE DESTROYER OF $10 BILLION IN MARKET VALUE. </p>
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<p>The Jury VERDICT against First Wind for $13.6 million will be paid by whom???</p>
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<p><em>The Cooperative filed the lawsuit in <strong>October 2014</strong> in Maine Superior Court.</em></p>
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<p>On <strong>January 29, 2015</strong>, <em>SunEdison and TerraForm Power, LLC (“Terra LLC”), a direct subsidiary of TerraForm Power, Inc., completed their…</em></p>
<p>AMAZING THESE RECENT EVENTS FOR FIRST WIND ET AL BOUGHT BY SUNEDISON, THE DESTROYER OF $10 BILLION IN MARKET VALUE. </p>
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<p>The Jury VERDICT against First Wind for $13.6 million will be paid by whom???</p>
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<p><em>The Cooperative filed the lawsuit in <strong>October 2014</strong> in Maine Superior Court.</em></p>
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<p>On <strong>January 29, 2015</strong>, <em>SunEdison and TerraForm Power, LLC (“Terra LLC”), a direct subsidiary of TerraForm Power, Inc., completed their previously announced acquisition of First Wind Holdings, LLC (“Parent,” together with its subsidiaries, “First Wind”,...</em></p>
<p><em><a href="https://www.sec.gov/Archives/edgar/data/1599947/000119312515111111/d900218d8ka.htm" target="_blank">https://www.sec.gov/Archives/edgar/data/1599947/000119312515111111/d900218d8ka.htm</a></em></p>
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<p><strong>November 18th, [2016]</strong> <em>a Bangor, Maine jury found, after a four day trial, that five wind power companies breached their contractual obligation to negotiate in good faith, and returned a $13.6 million verdict in favor of Eastern Maine Electric Cooperative (the “Cooperative”.</em></p>
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<p><strong>December 2016</strong> <strong>SunEdison ($16.1 billion of debt in Chapter 11</strong>) <strong>shareholders seek prosecution of First Wind CEO Paul Gaynor former SunEdison EVP.</strong> <em>"...The letters from shareholders vary in purpose and quality, but among their requests are: <a href="https://cases.primeclerk.com/sunedison/Home-DownloadPDF?id1=NTAyODkx&id2=0" rel="nofollow">calls to prosecute</a> Paul Gaynor (former First Wind CEO), Larry Summers (Chief of National Economic Council), Rahm Emanual (former White House Chief of Staff), Steve Scharzman (CEO of Blackstone), and John Podesta (Lobbyist for Renewable Energy) of wide spread collusion, corruption, and fraud; as well as several pleas to <a href="https://cases.primeclerk.com/sunedison/Home-DocketInfo?DockSearchValue=1693" rel="nofollow">reverse the Official Equity Committee denial</a>.</em></p>
<p><a href="http://seekingalpha.com/article/4030452-sunedison-shareholders-made-stunning-accusations-court#alt2" target="_blank">http://seekingalpha.com/article/4030452-sunedison-shareholders-made-stunning-accusations-court#alt2</a></p>
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<p><strong>January 11 [2017]</strong> <em>(SeeNews) - Brookfield Asset Management Inc (TSE:BAM.A) has made alternative proposals to SunEdison’s (OTCMKTS:SUNEQ) two yieldcos, including for a takeover of TerraForm Power Inc (NASDAQ:TERP) at a pre-transaction equity value of USD 1.6 billion (EUR 1.52bn).</em></p>
<p><em>ALSO NOTE: <span style="text-decoration: underline;"><strong>TerraForm Power has nearly 3 GW of wind and solar capacity,</strong></span></em></p>
<p><a href="http://renewables.seenews.com/news/brookfield-ready-to-buy-out-terraform-power-at-usd-1-6bn-valuation-553823" target="_blank">http://renewables.seenews.com/news/brookfield-ready-to-buy-out-terraform-power-at-usd-1-6bn-valuation-553823</a></p>
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<p><strong>J<span style="text-decoration: underline;"><strong>anuary 17, 2017</strong></span></strong></p>
<p><strong>NOTE: Gaynor is Longroad-</strong></p>
<div><b>'Longroad Energy Acquires <span style="text-decoration: underline;">3.0 GW Solar Portfolio</span>' <br/></b></div>
<div><b><i>Move Accelerates Build-Out of Longroad’s U.S. Solar Development Strategy</i></b></div>
<div>J<span style="text-decoration: underline;"><strong>anuary 17, 2017</strong></span> 07:15 AM Eastern Standard Time</div>
<div>BOSTON & SAN FRANCISCO--(<a target="_blank" rel="noopener noreferrer" shape="rect" href="http://www.businesswire.com/">BUSINESS WIRE</a>)--<strong>Longroad Energy Holdings, LLC (“Longroad”) today announced the acquisition of a</strong> <span style="text-decoration: underline;"><strong>3.0 gigawatt (GW) solar development portfolio from 7X Energy, Inc. (“7X”).</strong></span></div>
<div>QUESTION- <strong>So, who is 7x Energy, Inc. with the 3.0 GW Solar Portfolio Longroad</strong> (Gaynor aquired)?</div>
<div><strong>See</strong>: <a href="http://7x.energy/" target="_blank">http://7x.energy/</a></div>
<div><span style="color: #e7393a;"><strong>Texas Office:</strong></span><br/> 3809 Juniper Trace<br/> Suite 100<br/> Austin, TX 78738</div>
<div><strong>Google:</strong> 3809 Juniper Trace Suite 100 Austin, TX 78738 to see if you can verify 7x exists where the company 7X provides their address. <br/><br/></div> Maybe Not in print, but it is…tag:www.windtaskforce.org,2017-01-19:4401701:Comment:894822017-01-19T01:02:04.868ZEric A. Tuttlehttps://www.windtaskforce.org/profile/EricATuttle
<p>Maybe Not in print, but it is online.</p>
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<p><a href="http://www.preti.com/news/eastern-maine-electric-cooperative-wins-13-6-million-jury-verdict/" target="_blank">http://www.preti.com/news/eastern-maine-electric-cooperative-wins-13-6-million-jury-verdict/…</a></p>
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<p>Maybe Not in print, but it is online.</p>
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<p><a href="http://www.preti.com/news/eastern-maine-electric-cooperative-wins-13-6-million-jury-verdict/" target="_blank">http://www.preti.com/news/eastern-maine-electric-cooperative-wins-13-6-million-jury-verdict/</a></p>
<p><a href="http://www.thecalaisadvertiser.com/articles/2016/11/24/eastern-maine-electric-cooperative-wins-136-million-jury-verdict" target="_blank">http://www.thecalaisadvertiser.com/articles/2016/11/24/eastern-maine-electric-cooperative-wins-136-million-jury-verdict</a></p>
<p><a href="http://www.pressherald.com/2016/11/18/jury-awards-13-6-million-to-electric-cooperative-in-maine/" target="_blank">http://www.pressherald.com/2016/11/18/jury-awards-13-6-million-to-electric-cooperative-in-maine/</a></p>
<p><a href="http://bangordailynews.com/2016/11/22/news/bangor/jury-awards-co-op-13-6m-in-breach-of-contract-lawsuit-with-wind-power-firms/" target="_blank">http://bangordailynews.com/2016/11/22/news/bangor/jury-awards-co-op-13-6m-in-breach-of-contract-lawsuit-with-wind-power-firms/</a></p> As brought to my attention...…tag:www.windtaskforce.org,2017-01-19:4401701:Comment:898652017-01-19T00:58:03.415ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
As brought to my attention...Credit to Wind Task Force for earlier posting this jury verdict news-<br />
<a href="http://www.windtaskforce.org/profiles/blogs/jury-awards-13-6-million-to-electric-cooperative-in-maine" target="_blank">http://www.windtaskforce.org/profiles/blogs/jury-awards-13-6-million-to-electric-cooperative-in-maine</a>
As brought to my attention...Credit to Wind Task Force for earlier posting this jury verdict news-<br />
<a href="http://www.windtaskforce.org/profiles/blogs/jury-awards-13-6-million-to-electric-cooperative-in-maine" target="_blank">http://www.windtaskforce.org/profiles/blogs/jury-awards-13-6-million-to-electric-cooperative-in-maine</a> Hmmm. I'm wondering if bias i…tag:www.windtaskforce.org,2017-01-19:4401701:Comment:898622017-01-19T00:37:02.419ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
Hmmm. I'm wondering if bias in the media is trumped up. But I don't think so. BDN may have missed, "The verdict is among the largest jury verdicts ever awarded in Maine.” But I don't think so.
Hmmm. I'm wondering if bias in the media is trumped up. But I don't think so. BDN may have missed, "The verdict is among the largest jury verdicts ever awarded in Maine.” But I don't think so. We May never see it in the BD…tag:www.windtaskforce.org,2017-01-19:4401701:Comment:898612017-01-19T00:32:27.900ZPineo Girlhttps://www.windtaskforce.org/profile/PineoGirl
<p>We May never see it in the BDN! Or the PPH for that Matter! </p>
<p>We May never see it in the BDN! Or the PPH for that Matter! </p> I didn't see this in the BDN?…tag:www.windtaskforce.org,2017-01-19:4401701:Comment:898592017-01-19T00:19:44.837ZPenny Grayhttps://www.windtaskforce.org/profile/PennyGray
<p>I didn't see this in the BDN???</p>
<p>I didn't see this in the BDN???</p> WOW!tag:www.windtaskforce.org,2017-01-19:4401701:Comment:897592017-01-19T00:04:04.270ZPineo Girlhttps://www.windtaskforce.org/profile/PineoGirl
<p>WOW!</p>
<p>WOW!</p>