January 2016 Blog Posts (103)

Email sent to GPM 1/21/16 RE: First Wind sold to Caliber Energy (CLBN), too: & CLBN was subsequently suspended by SEC

January 21, 2016







RE:  SunEdison and (“GPM”) class action; First Wind sold to Caliber Energy (CLBN), too: & CLBN was subsequently suspended by SEC



Dear Attorney Portnoy:



As you are aware, SunEdison bought First Wind and within three months following, SUNE stock value plummeted 71.4%. 



Perhaps you are also aware that on…
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Added by Barbara Durkin on January 21, 2016 at 1:33pm — No Comments

What Ever Happened to John Baldacci and his "Quality of Place?"

In the long run, the slow degradation of Maine’s vivid and distinctive quality of place (and the reputation it supports) may be the greatest cost to Maine of all.

   - from "Charting Maine's Future, An Action Plan for…

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Added by Thinklike A. Mountain on January 20, 2016 at 6:07pm — 2 Comments

Analysts at Credit Suisse explain how mounting liquidity fears led to the drop in SunEdison stock on Tuesday

More bad news for SUNE and investors...most of us forecasted this reality...

Analysts at Credit Suisse explain how mounting liquidity fears led to the drop in SunEdison stock on Tuesday

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SunEdison Inc. stock (NYSE:SUNE) has been highly volatile over the past six months. It slid down from $31 in July, to as low as $2.36 last week. On Tuesday, the stock fell another 10%. Other solar losers on…

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Added by Barbara Durkin on January 20, 2016 at 4:00pm — No Comments

A New Monkey Wrench That May Slow Down The Wind Industry.

Maine Senate president aims to cap electric rates

Though the cap rate is kinda high at 10 cents per kwh, it is a start!  Now if they can just get the subsidies reduced so the windies can't make any money, we will be rid of the scam artists defacing our mountaintops with industrial machinery.  Let's get to our legislators and push the vote for LD 1339.  …

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Added by Eskutassis on January 20, 2016 at 1:16pm — 2 Comments

As the Wind Blows, the Jobs Go

   What to do with 613 megawatts of wind energy when the load demand within Maine is between 1000 to 1400 megawatts at any given time ?

   613 megawatts of wind energy represents all turbines in Maine running at 100% capacity. Although not a usual occurrence, it is between 40% to 60% of Maine's electric needs depending on the time of day.
   To accommodate 613 megawatts, do you shut down other generators offering their output ? Wind with price subsidy advantages can…
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Added by Dan McKay on January 20, 2016 at 9:46am — 7 Comments

Excellent Scientific Explanation by MIT Scientist as to Why We should NOT Embrace Wind.

The way the wind blows in New Hampshire  

Fred Ward, an MIT trained PhD from MIT, discusses why wind power in New Hampshire will not work.  The same arguments pertain to Maine, Vermont and anywhere else wind towers would be built.  It is all so simply scientific and factual.  Why can't…

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Added by Eskutassis on January 19, 2016 at 9:43pm — 1 Comment

UPDATE: LD 1339 Not Being Discussed at Today's EUT Meeting

UPDATE at 3PM: I just received a note advising that LD 1339 will not be discussed today and that a replacement date has not yet been announced. Please advise if you hear a date/other information.

A seemingly important Energy, Utilities and Technology Committee work session, with potential Wind implications is scheduled for today, 1/19/16 at 2:00PM according to the Bangor Daily News:

"An effort to cap…

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Added by Long Islander on January 19, 2016 at 12:30pm — 1 Comment

The dots that the media does not want to connect : My testimony to the EUT committee on LD 1513

My testimony to the EUT committee on LD 1315

Honorable Chairman, Co-chairman, Representatives and Senators of the Energy, Utility and Technology Committee.

My name is Monique Thurston, I am a member of the Thurston family which owns a…
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Added by Monique Aniel Thurston on January 18, 2016 at 12:00pm — 27 Comments

Maine Utility Wants to End 'Net Metering' Policy

As Solar Power Hits Milestone,…

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Added by Eric A. Tuttle on January 18, 2016 at 11:57am — 1 Comment

Rep. Larry Dunphy asks if the $1.4 Billion MPRP CMP Upgrade was Built to Help the Wind Industry at EUT Meeting (Watch the Video)

At the EUT Public Hearing on 1/14/16 on LD 1513, during testimony by Ben Smith, Skelton, Taintor & Abbott counsel representing Houlton Water Company, EUT member Representative Larry Dunphy asked Mr. Smith, in essence, if the MPRP ($1.4 BILLION CMP transmission line upgrade) was built in anticipation of moving electrons…

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Added by Long Islander on January 16, 2016 at 10:00pm — 5 Comments

BEP wants legislature to codify reason for Bowers defeat

I was just browsing the draft minutes of BEP's Dec 10th meeting (I know... I need to get a life!). Two items caught my eye:

First, the Board asked Assistant A.G. Peggy Bensinger to give a presentation on the Law Court decision upholding BEP's denial of the Bowers appeal. It was AAG Bensinger who represented the BEP before the Court.

Second, I found it heartening to see that the Board voted unanimously to include in its annual report to the legislature a discussion of the Bowers…

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Added by Gary Campbell on January 15, 2016 at 8:40pm — No Comments

Audubon op-ed needs comments!

Just stumbled across this op-ed from the president of Audubon in Huffington Post.  Part of a membership drive promoting wind power.  Hypocricy at its worst.  http://www.huffingtonpost.com/david-yarnold/why-each-of-us-can-make-a_b_8922224.html

Added by Penny Gray on January 14, 2016 at 4:47pm — 3 Comments

The New Official Maine State Animal: The Elephant in the Room

Happening now, transforming, if not transmogrifying Maine, is an explosion in transmission lines the state over. They are funded by ratepayers and the biggest of them all "the CMP Upgrade" or Maine Power Reliability Project was sold to us under false pretense by Iberdrola and the Baldacci administration as being based on a need for reliability due to "aging…

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Added by Long Islander on January 14, 2016 at 4:41pm — 6 Comments

The New Maine State Song......"IS THERE NO SHAME IN MAINE?"

Sing along all...................to "My Fair Ladies hit song",  The Rain in Spain!!!

https://www.youtube.com/watch?v=uVmU3iANbgk

"The rains of  Spain stink mainly in that Maine"

After awhile, is there no shame in Maine?

Baldacci is Sucking on the Wind Teat Again!

Whether it be a  King, a Baldacci or a Hinck, 

Wind Power in Maine gives the state a…

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Added by arthur qwenk on January 14, 2016 at 4:00pm — No Comments

Truth About the Costs of Renewables

Federally imposed renewables come at a cost

Though the EPA tries to spin the advantages of renewables and the dubious fact that it will be cheaper for the consumer, this author exposes the real truth about what this CO2 bill means for us. …

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Added by Eskutassis on January 14, 2016 at 3:18pm — No Comments

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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!

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/

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