SunEdison's Plan to Reduce Costs May Not Be Enough, Analyst Says

SunEdison's Plan to Reduce Costs May Not Be Enough, Analyst Says

SunEdison Inc. Chief Executive Officer Ahmad Chatila has some explaining to do, after announcing a plan to fire 15 percent of his workforce. It’s his latest move to reverse anindustry-worst 70 percent plunge in market value over three months.

[MORE at]

http://www.bloomberg.com/news/articles/2015-10-06/sunedison-s-plan-...

Wildest Ride - A SunEdison Story

Link at bottom

Ok, so not only an Enron, ponzy scheme, pyramid scheme, or what have you....

TERRAFORM Power Owns & Manages SunEdison Generation facilities (ALL Types, solar, wind, hydro)

SUNEDISON purchases little companies, either directly or by hostile takeovers by purchasing majority stock.

SUNEDISON is in debt severely (investors are walking away)

TERRAFORM Global is formed as a YieldCo to generate (through share sales) funds to redirect back to SunEdison so that it can pay dividends on stocks no one will buy, and probably only now owned by the corporate types.

TERRAFORM Power, holds the same Institutional buyers as SUNEDISON (identical)

TERRAFORM Global, has 0 holders of stock, Institutional or other wise.

SO..... if you're buying TERRAFORM Global, you're actually buying SUNEDISON in disguise. Purchasing DEBT, while paying dividends to the institutional investors (6) and the corporate owners.

I see ENRON all over again. And the taxpayers are funding this fraud!

http://seekingalpha.com/article/3547836-wildest-ride-a-sunedison-story

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Comment by Long Islander on October 4, 2015 at 8:24pm

Sun Edison cries poverty when looking for TIF's yet somehow has money to buy off an ever increasing number of so called environmental groups in Maine.

Comment by Pineo Girl on October 4, 2015 at 12:05pm

The taxpayers are funding this fraud - AND Maine is bearing the brunt of a good deal of it!  As long as wind development is sanction by our government this will go on!!

Comment by Eric A. Tuttle on October 4, 2015 at 11:50am

If Terraform(GLBL) is sued and found guilty, the debt befalls to SunEdison which is itself near the brink of bankruptcy. This will surely push them over the edge and declare such.

Terraform(TREP) Who owns SunEdison will write off SunEdison from their Tax liabilities, allowing the investors to pick the bones similar to the Enron case, leaving Terraform(TERP) unscathed and profitable without any further debt liabilities, and holding all the PTC funds etc.

TERP the power

SUNe the scapegoat

GLBL the fodder creator to feed the scapegoat

Cut off the food supply, kill the consuming goat, the farmer walks away unharmed.

Can you say ENRON II

Comment by Gary Campbell on October 4, 2015 at 10:43am

In addition, SunEdison's apparent misuse of yieldcos (TerraForm) is under investigation. Watch for a massive class-action lawsuit by disgruntled "investors".

The current administration will continue to pour OUR money into SunEdison because that's all they know how to do. Our national debt as a % of GDP has DOUBLED in the past six years.

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/

 

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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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 

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