Is Maine's landscape being ravaged due to a new and untested financial instrument from the Wall Street crowd?

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.
http://globenewswire.com/news-release/2015/01/14/697481/10115580/en...

 

Select SEC filings:

Prospectus dated 1/9/15

 

and

 

Amendment No.1 to Form S-1 filed 1/14/15

About "Yieldcos"

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 [7]. 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 [15] or until the business strategy dictates otherwise.

https://financere.nrel.gov/finance/content/deeper-look-yieldco-stru...

Views: 696

Comment

You need to be a member of Citizens' Task Force on Wind Power - Maine to add comments!

Join Citizens' Task Force on Wind Power - Maine

Comment by Whetstone_Willy on January 18, 2015 at 10:34am

What do the folks in Hawaii have to say about the following in the Amendment No.1?

First Wind’s KWP II project is required under its PPA to install and maintain a battery energy storage system, the manufacturer of which is in bankruptcy and no longer operational. 

Comment by Eric A. Tuttle on January 18, 2015 at 10:04am

Read the "RISK FACTORS" Section Amendment No.1 to Form S-1 filed 1/14/15 this is a corporate sob story that is typical. 

Comment by Eric A. Tuttle on January 18, 2015 at 9:56am

Beware the Common stock, the last to see a return should another sell off, or bankruptcy occurs. Though the Common stock purchaser is the easiest person to persuade to part with their money.

Comment by Eric A. Tuttle on January 18, 2015 at 9:52am

This is how corporations are suppose to raise capital for investments. Not off the backs of public tax incentives, that need to be offset by other tax revenue. First Wind and the others obviously could not do that thus viewed as High Risk Investments. High Risk because of inefficiency in their unproven technology to be able to produce in a consistent performance. We are backing their experimental system through tax incentives until more investment is needed (taxpayer funded) to better utilize what little energy they produce. Meanwhile our publicly invested funds meld into the assets of TerraForm and others. Maine has unwittingly become an investor, and should demand its investment back. Not allow it to go as profits to Investors in the Stock Market. 

Comment by Penny Gray on January 18, 2015 at 8:14am

Monsanto.

 

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/

© 2024   Created by Webmaster.   Powered by

Badges  |  Report an Issue  |  Terms of Service