Predictions?? PUC Tom Welch
I predict Tom Welch; current Chairman of the PUC will be employed by First Wind before 2013. Any takers? (READ BELOW)
The three members of the Public Utilities Commission gave the verbal go-ahead yesterday for a couple of Canadian utility companies, Emera of Nova Scotia, and Ontario-based Algonquin Power and Utilities, to invest $300 million in Massachusetts-based First Wind.
The deal, which still needs written approval from the PUC, would involve the creation of a joint venture to be 51% owned by First Wind. Three quarters of the remaining stake would be owned by Emera, parent company of Bangor Hydro and Maine Public Service company, which between them serve more than 150,000 customers in Maine.
"It basically provides some capital for First Wind to develop additional projects but also to keep the projects that it now has on its plate operating," said PUC Chairman Tom Welch.
First Wind currently generates nearly 400 megawatts of electricity in Maine, Vermont and New York State. About half of that comes from the 3 wind farms it operates in Maine - at Mars Hill, Stetson, and Rollins. The company has 2 more here under development.
Adam Horvitz is a planning director at First Wind who worked on the new joint venture.
"It's a great transaction, a great opportunity for our company, and we think it's a great transaction for the state of Maine," said Horvitz. "This deal will likely result in significant investment in future wind projects in the state."
PUC Chair Tom Welch said the deal has the potential to have a significant economic impact on the state. "If, and this is a significant if, if there is significant additional development, in the hundreds of megawatts of wind, which I think will be facilitated but not guaranteed by this transaction, then I think you could looking at hundreds if not thousands of jobs," Welch said.
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Comment by alice mckay barnett on April 16, 2012 at 7:53pm
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thousands not hundreds of turbines all over the state.......please governor LePage tell Weich wind is failure. WIND = 75% does not blow, 10-30% loss in transmission and 5% draw from the GRID.
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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