State regulators on Tuesday approved a multi-million-dollar deal that could fund construction of hundreds of wind turbines in Maine and the Northeast, despite a staff recommendation to reject the proposal.
All three members of the Public Utilities Commission voted for a complex series of transactions among First Wind, Bangor Hydro and Maine Public Service and their parent, Nova Scotia-based Emera, Inc., and Ontario-based Algonquin Power and Utilities Corp.
Read the rest here:
http://pinetreewatchdog.org/multi-million-dollar-wind-deal-approved...
Three very interesting and I submit, highly relevant, Maine Center for Public Interest Reporting articles on the PUC Chairman getting over $1 million is stock options from First Wind and then becoming First Wind's Director of Transmission (shortly before the PUC formally approved the $1.4 Billion CMP upgrade) can be read below. Note that without the $1.4 Billion CMP upgrade (MAMMOTH new transmission), the wind industry in Maine would be a dead duck, having no way to move their electricity to Mass and Ct. Even with this upgrade there is still not adequate room on the grid for this spurting near useless energy source.
http://www.pinetreewatchdog.org/puc-chairman-took-equity-stake-in-w...
and
http://www.pinetreewatchdog.org/group-asks-ag-to-probe-official-of-...
and
http://www.pinetreewatchdog.org/first-wind-sec-filing-change-questi...
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