First Wind Frolics - If the taxpayers bought you a $115 million GIFT, would you still need to borrow $75 million?

The other day First Wind announced they were looking to borrow $75 million. The press release was apparently NOT released to the media in Maine. Maybe doing so would have frightened the so called Maine environmental groups who associate First Wind with giving them money.

http://www.pressherald.com/news/With_partnership_in_limbo__First_Wi...

A tale of Stimulus funds from four and a half years ago.

Another $115 million in funds for windmills went to a company called First Wind, which, I noted, had owners that included D.E. Shaw and Madison Dearborn Partners. Shaw is the firm at which President Obama's chief of the National Economic Council, Lawrence Summers, held a $5.2 million a year, one-day-a-week job, and Madison Dearborn is the firm of which Rahm Emanuel, now the White House chief of staff, said, "They've been not only supporters of mine, they're friends of mine."

Lots more at:

http://www.futureofcapitalism.com/2009/09/clean-energy-ii

Not sure they can count on this sort of taxpayer largesse anytime soon.

And not sure that ratepayers are going to buy the Maine wind companies another $1.4 billion transmission line (as in "Maine Power Reliability Project approved by Maine PUC at $1.4 billion over staff objection), transmission being a little detail that had been overlooked in the Expedited Wind Law.

And not sure whether they will be able to hire their next Director of Transmission by convincing the Chairman of the Maine PUC to leave the PUC to take that job. See: http://www.windtaskforce.org/profiles/blogs/maine-center-for-public...

*********************************************************************************************************

********************************************************************************************************

Ever wonder why wind companies would rather pay more to lease the land instead of buying the land and the responsibilities of ownership?

When a project collapses and Mainers are stuck with the bill, there may not be any First Wind to blame, just a tiny LLC and large numbers of people feeling had, a scarred environment, deep rifts between neighbors and neighboring towns, higher electricity rates, a larger legacy of debt for our children and grandchildren and "leadership" at so called Maine environmental groups frantically wondering how they are going to replace any lost revenues.

The list of First Wind subsidiaries below is from a First Wind SEC filing on 10/22/10.

A few days later we read:

First Wind pulls IPO

NEW YORK/BOSTON, Oct 28 (Reuters) - Wind farm owner and operator First Wind Holdings Inc canceled its IPO after cutting its expected price range by 24 percent and facing investor skepticism about its balance sheet and wind industry financing.

http://www.reuters.com/article/2010/10/28/ipos-idUSN282778882010102...

List of Subsidiaries

 

The following list includes all subsidiaries owned directly or indirectly by First Wind Holdings, LLC, a Delaware limited liability company.

 

Name of Subsidiary

 

Jursidiction of 
Incorporation or 
Organization

 

First Wind Holdings, LLC Ownership Interest

Antelope Run, LLC

 

Delaware

 

100%

Baseline Wind, LLC

 

Delaware

 

100%

Beaverdam Run, LLC

 

Delaware

 

100%

Beech Wind, LLC

 

Delaware

 

100%

Big Apple Holdings, LLC

 

Delaware

 

100%

Big Prairie, LLC

 

Delaware

 

100%

Blue Sky East, LLC

 

Delaware

 

100%

Blue Sky West, LLC

 

Delaware

 

100%

Buckhorn Wind, LLC

 

Delaware

 

100%

Canada Wind Partners, LLC

 

Delaware

 

100%

Canada Wind, LLC

 

Delaware

 

100%

Canandaigua Power Partners II, LLC

 

Delaware

 

100%

Canandaigua Power Partners, LLC

 

Delaware

 

100%

Cedar Hills Wind, LLC

 

Delaware

 

100%

Cerro Wind Power, LLC

 

Delaware

 

100%

Champlain Wind, LLC

 

Delaware

 

100%

Coyote Trail Wind, LLC

 

Delaware

 

100%

CSSW Cohocton Holdings, LLC

 

Delaware

 

100%

CSSW Holdings, LLC

 

Delaware

 

100%

CSSW Steel Winds Holdings, LLC

 

Delaware

 

100%

CSSW Stetson Holdings, LLC

 

Delaware

 

100%

CSSW, LLC

 

Delaware

 

100%

Dark Harbour Wind II, ULC

 

Novia Scotia

 

100%

Dark Harbour Wind, LLC

 

Delaware

 

100%

Dark Harbour Wind, ULC

 

Novia Scotia

 

100%

Deepwater Wind, LLC

 

Delaware

 

First Wind Holdings, LLC - Approximately 10.3%

Desert Sage Wind, LLC

 

Delaware

 

100%

Dwight Creek, LLC

 

Delaware

 

100%

Erie Wind, LLC

 

Delaware

 

100%

Evergreen Gen Lead, LLC

 

Delaware

 

100%

Evergreen Wind Power II, LLC

 

Delaware

 

100%

Evergreen Wind Power III, LLC

 

Delaware

 

100%

Evergreen Wind Power V, LLC

 

Delaware

 

100%

Evergreen Wind Power, LLC

 

Delaware

 

Maine Wind Partners, LLC - 53.63%

First Wind Acquisition II, LLC

 

Delaware

 

100%

First Wind Acquisition III, LLC

 

Delaware

 

100%

First Wind Acquisition IV, LLC

 

Delaware

 

100%

First Wind Acquisition V, LLC

 

Delaware

 

100%

First Wind Acquisition, LLC

 

Delaware

 

100%

First Wind California Holdings, LLC

 

Delaware

 

100%

First Wind Canada, ULC.

 

Novia Scotia

 

100%

First Wind Colorado Holdings, LLC

 

Delaware

 

100%

First Wind Connecticut Holdings, LLC

 

Delaware

 

100%

First Wind Construction, LLC

 

Delaware

 

100%

First Wind Energy Marketing, LLC

 

Delaware

 

100%

First Wind Energy, LLC

 

Delaware

 

First Wind Holdings, LLC - 99%

First Wind Holdings Inc.

 

Delaware

 

100%

First Wind Holdings, LLC

 

Delaware

 

100%

First Wind Kahuku Holdings, LLC

 

Delaware

 

100%

First Wind Maine Holdings, LLC

 

Delaware

 

100%

First Wind Mass Holdings, LLC

 

Delaware

 

100%

First Wind Merger, LLC

 

Delaware

 

100%

First Wind New Hampshire Holdings, LLC

 

Delaware

 

100%

First Wind New Mexico Holdings, LLC

 

Delaware

 

100%

First Wind New York Holdings, LLC

 

Delaware

 

100%


 


 


First Wind O&M Battery Services, LLC

 

Delaware

 

100%

First Wind O&M Facilities Management, LLC

 

Delaware

 

100%

First Wind O&M, LLC

 

Delaware

 

100%

First Wind Oregon Holdings, LLC

 

Delaware

 

100%

First Wind Penn Holdings, LLC

 

Delaware

 

100%

First Wind Prospects, LLC

 

Delaware

 

100%

First Wind Rollins Holdings, LLC

 

Delaware

 

100%

First Wind Steuben, LLC

 

Delaware

 

100%

First Wind Utah Holdings, LLC

 

Delaware

 

100%

First Wind Vermont Holdings, LLC

 

Delaware

 

100%

First Wind Vermont, LLC

 

Delaware

 

100%

First Wind Washington Holdings, LLC

 

Delaware

 

100%

First Wind West Virginia Holdings, LLC

 

Delaware

 

100%

First Wind Wyoming Holdings, LLC

 

Delaware

 

100%

Frontier Wind Express, LLC

 

Delaware

 

100%

Gallo Canyon Wind, LLC

 

Delaware

 

100%

Garvie Mountain Wind, LLC

 

Delaware

 

100%

Grand View Winds, LLC

 

Delaware

 

100%

GreenMountain Wind, LLC

 

Delaware

 

100%

Greyback Wind, LLC

 

Delaware

 

100%

Hawaii Holdings, LLC

 

Delaware

 

First Wind Holdings, LLC - 92%

Hawaii Wind Holdings, LLC

 

Delaware

 

100%

Hawaii Wind Partners II, LLC

 

Delaware

 

100%

Hawaii Wind Partners, LLC

 

Delaware

 

First Wind Holdings, LLC - 51%

Housatonic Wind, LLC

 

Delaware

 

100%

Ikaika Wind Power, LLC

 

Delaware

 

100%

Indigo Winds, LLC

 

Delaware

 

100%

Inland Wind, LLC

 

Delaware

 

100%

Kaheawa Wind Power II, LLC

 

Delaware

 

100%

Kaheawa Wind Power, LLC

 

Delaware

 

100%

Kahuku Holdings, LLC

 

Delaware

 

First Wind Kahuku Holdings, LLC - 92%

Kahuku Wind Power II, LLC

 

Delaware

 

100%

Kahuku Wind Power, LLC

 

Delaware

 

100%

Kauai Wind Power, LLC

 

Delaware

 

100%

Kawailoa Wind, LLC

 

Delaware

 

100%

Kennebec Wind, LLC

 

Delaware

 

100%

Kupa’a Wind Holdings, LLC

 

Delaware

 

100%

Latah Wind, LLC

 

Delaware

 

100%

Little Mountain, LLC

 

Delaware

 

100%

Lone Pine Wind, LLC

 

Delaware

 

100%

Longfellow Wind, LLC

 

Delaware

 

100%

Maine GenLead, LLC

 

Delaware

 

100%

Maine Wind Holdings, LLC

 

Delaware

 

100%

Maine Wind Partners II, LLC

 

Delaware

 

100%

Maine Wind Partners, LLC

 

Delaware

 

100%

Mars Hill Partners, LLC

 

Delaware

 

100%

Milford Gen Lead, LLC

 

Delaware

 

100%

Milford II Holdings, LLC

 

Delaware

 

100%

Milford II Utah Holdings, LLC

 

Delaware

 

100%

Milford NHC, LLC

 

Delaware

 

100%

Milford Wind Corridor Phase I, LLC

 

Delaware

 

100%

Milford Wind Corridor Phase II, LLC

 

Delaware

 

100%

Milford Wind Corridor Phase III, LLC

 

Delaware

 

100%

Milford Wind Corridor Phase IV, LLC

 

Delaware

 

100%

Milford Wind Corridor Phase V, LLC

 

Delaware

 

100%

Milford Wind Corridor, LLC

 

Delaware

 

First Wind Utah Holdings, LLC - 80%

Milford Wind Holdings, LLC

 

Delaware

 

100%

Milford Wind Partners, LLC

 

Delaware

 

Milford NHC, LLC - 100% Class A Shares, 0% Class B Shares

Mojave Winds, LLC

 

Delaware

 

100%

Mountain View Wind, LLC

 

Delaware

 

100%

MWCI Holdings, LLC

 

Delaware

 

100%


 


 


New Mexico Land Holdings, LLC

 

Delaware

 

100%

New Winds, LLC

 

Delaware

 

100%

New York Wind II, LLC

 

Delaware

 

100%

New York Wind III, LLC

 

Delaware

 

100%

New York Wind, LLC

 

Delaware

 

100%

Niagara Wind Power, LLC

 

Delaware

 

New York Wind II, LLC - 100%

North Country Wind, LLC

 

Delaware

 

100%

Oregon Wind II, LLC

 

Delaware

 

100%

Oregon Wind, LLC

 

Delaware

 

100%

Palouse Wind, LLC

 

Delaware

 

100%

Pioneer Valley Wind, LLC

 

Delaware

 

100%

Poplar Winds, LLC

 

Delaware

 

100%

Red Canyon Wind, LLC

 

Delaware

 

100%

Rollins Holdings, LLC

 

Delaware

 

100%

Saxton Wind, LLC

 

Delaware

 

100%

Sheffield Holdings, LLC

 

Delaware

 

100%

South Point Wind Power, LLC

 

Delaware

 

100%

Southern Tier Wind, LLC

 

Delaware

 

100%

Stetson Holdings, LLC

 

Delaware

 

100%

Stetson Wind II, LLC

 

Delaware

 

100%

Sugar Hill Wind, LLC

 

Delaware

 

100%

Tri-County Wind, LLC

 

Delaware

 

100%

Vaughan Wind, LLC

 

Delaware

 

100%

Vermont Red Clover Holdings, LLC

 

Delaware

 

100%

Vermont Wind, LLC

 

Delaware

 

100%

Wah Wah Wind Corridor, LLC

 

Delaware

 

100%

Wah Wah Wind Holdings, LLC

 

Delaware

 

100%

Windfarm Prattsburgh, LLC

 

Delaware

 

100%

 

http://sec.edgar-online.com/first-wind-holdings-inc/s-1a-securities...

Views: 330

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

 

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/

© 2022   Created by Webmaster.   Powered by

Badges  |  Report an Issue  |  Terms of Service