In the event the First Wind acquisition is not completed, TerraForm Power intends to use the net proceeds of this offering for general corporate purposes.
Select SEC filings:
Amendment No.1 to Form S-1 filed 1/14/15
In order to retain favorable tax benefits and steady yields, the yieldco business model calls for acquisition of new generation assets as initial portfolio assets approach their contract expirations. This pipeline of assets, or "drop downs," is intended to fuel the yieldco with stable cash flows to deliver above-average dividend growth with below average risk . This drop-down schedule is critical to maintaining cash-flows and beneficial tax treatment and subsequently, is essential to the yieldcos future growth and viability as a long-term financing structure. To reduce the uncertainty of future cash flows and ensure access to assets, agreements such as right of first offer or call rights are common between the yieldco and the parent company. Yieldcos can continue to schedule drop downs for as long as the company wishes to maintain its tax advantaged status and sufficient supply of new operating assets exist  or until the business strategy dictates otherwise.
Just reported on the Radio this morning about Maine's CO² footprint. Seems most of our CO² under transportation stems from Out of State CO² from Coal-fired generation from the mid-west. Though that is disputed by the Coal Electric Industry. Though this is evident to be true with the high Acidic Rain that drops on Maine and the Northeast. Something that should be taken into account as Maine tries to reach its 2030 goal of 30% reduction in CO². Maybe we have already reached that Goal? Maybe our EUT committee & legislature needs to know that before allowing more Turbines to be permitted or putting an end to this insanity. If it being pushed by others for private gain it may be more proof of a conspiracy from others not authorized to continue to promote Wind energy as part of Maine solution to meet the goal.
It all sounds like Enron to ME !! I will bet 99% of the legislators do not understand this BS any more than I do. Anyone know how to find out who is buying the RECS? I am not getting answers from anyone yet.
Adam Lee sits on more environmental group boards than anyone in the state - Maine Audubon, NRCM and Maine Conservation Voters (not to mention MPBN). His organizations lecture us about our carbon footprints, but as the owner of Lee Auto Malls, I believe the state's largest car dealer, he may be more responsible for the 50% of CO2 Transportation figure in the chart below, than any other single person in the state. I don't think I heard Mr. Lee lecture the legislators about raising the speed limit.
With home systems on solar or wind, they can not up the rate when the usage is decreased. :) No profits for Grid, no funds for bribes....
Unfortunately the PUC allows them to increase their rates when we try to save, so they can retain their profit margins. Many see it as hopeless. These practices too, need to be eliminated.
I feel the speed limit was raised because prior knowledge about the fossil fuel dropping was nearing. (insider knowledge (LePage ?)) so that more consumption would boost the bottom line profit margin which was about to decrease.
Eric - like so many confidence games, the wind power scam masquerades behind a higher noble purpose. In the case of wind it's saving the planet from CO2 and it was CO2 that was used as rationale for the emergency wind law that is the root of all our problems. The average person is so caught up with their own busy life and is so underserved by the media that pesky little facts about better places to find savings are never given much thought. Another example of the misguidedness of wind in Maine is where Maine's CO2 emissions come from. As you can see from the following EPA data, whereas electricity create's 37.49% of the nation's CO2, in Maine the figure is only 10.81%. Meanwhile, half our CO2 comes from transportation. So what does the legislature do? They raise the speed limit which will invariably increase CO2 emissions.
"Lighting currently represents 20-30% of our electrical energy consumption."
LED lighting uses 10% of incandescent per lumen, last up to 40 times longer.
Lumens/Watt is the method by which to evaluate lighting efficiency.
Washington, D.C.- American wind power topped 4 percent of the U.S. power grid
10% usage of 30% need, = 3% seems to indicate we have a 1% excess of the wind generated power....
If we utilized this new lighting technology, plus resource savings, and production costs would provide for less energy use.
Hey Paul Gaynor and company - what ever happened to the concept of working hard for a day's pay?
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