Why is SunEdison/First Wind giving away so much money to so called environmental groups in Maine?
Layoffs at SunEdison as Investors Question the Renewable Energy Developer’s Strategy
Why is a company that has to lay off so many of its workers giving so much money away to so called environmental groups in Maine?
It started off as a normal gathering. People mingled at multiple bars. A house band played on a small stage upstairs. Waiters handed out meat on sticks.
Suddenly, all the televisions throughout the bar displayed a mysterious countdown clock. When it hit zero, the party transformed. In a blur of multi-colored lights and electronic music, go-go dancers, and men in yellow body suits carrying giant glow sticks filled a multi-level stage in the back of the building. Balloons rained down on the dancing crowd. People sported body paint, fake mustaches and oversized sunglasses.
It was a celebration that a company at the top of its game would throw. Except SunEdison was not at the top of its game.
http://www.greentechmedia.com/articles/read/Layoffs-at-SunEdison-as...
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Comment by Eric A. Tuttle on October 5, 2015 at 4:01pm
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This link shows how the Corporate types invest into their own company to prop up and attempt to promote price increases. Though none of these purchases were made from their earnings, but are derived from stock option, as bonuses, generally.
http://www.watchlistnews.com/terraform-power-price-target-cut-to-35...
These are all profits for them, even if it gets to $1.00 per share, when it falls from listing.
All other investors have already lost, if they purchased at over $1.00 per share. Though if through an institutional investor (companies that bought shares such as Oil buying Wind) or mutual funds, their loss will not be as great, as they are deversified investments.
The Bone pickers get their returns from funds derived from selling assets such as buildings and equipment.
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Gifts are at the very bottom, as they are neither owned, or debt.
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NO, the major stockholders, institutional investors first will get any payouts after the bills are paid or restructured "If" restructuring is not accomplished. Though I think it may be Chapter 13 for business, or another chapter depending......... Debts, major investors bluechip or higher level stocks, then common or other intermediate grades in that progression...
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Comment by Steve Thurston on October 5, 2015 at 10:37am
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When Sun Edison files for reorganization under Chapter 11 will the $2.7 million in promises to FMM have any value?
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Maybe they need to raise the PTC amounts? (joking)
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/
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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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