Comments - First Wind Energy Systems and First Wind Energy LLC and “First Wind” were sold to Caliber Energy - Citizens' Task Force on Wind Power - Maine2024-03-28T11:04:51Zhttps://www.windtaskforce.org/profiles/comment/feed?attachedTo=4401701%3ABlogPost%3A70935&xn_auth=noHow true! ENRON corporate fr…tag:www.windtaskforce.org,2015-11-26:4401701:Comment:708682015-11-26T17:32:38.096ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p>How true! ENRON corporate fraud was never truly addressed by FERC Chair Patrick Wood III, later named Director of First Wind. </p>
<p>Pat Wood III, as FERC Chairman, was tasked by President G.W. Bush to address energy market manipulation that led to the CA Energy Crisis, <i>even while Wood was a long time promoter of <b>ENRON’s</b> CEO Ken Lay.</i></p>
<p>Wood's failure to address the US most notorious case of corporate fraud by <b>ENRON </b> was sharply criticized by the <b>Executive…</b></p>
<p>How true! ENRON corporate fraud was never truly addressed by FERC Chair Patrick Wood III, later named Director of First Wind. </p>
<p>Pat Wood III, as FERC Chairman, was tasked by President G.W. Bush to address energy market manipulation that led to the CA Energy Crisis, <i>even while Wood was a long time promoter of <b>ENRON’s</b> CEO Ken Lay.</i></p>
<p>Wood's failure to address the US most notorious case of corporate fraud by <b>ENRON </b> was sharply criticized by the <b>Executive Director of the Foundation for Taxpayer and Consumer Rights Douglas Heller</b> in their June 16, 2004 letter to FERC Chairman Pat Wood III that states, in part, link to letter below: </p>
<p> </p>
<p><i>California ratepayers remain at least $7 billion short of what they are due in refunds in large measure because the FERC, under your leadership, has failed to protect consumers from the illegal profiteering of energy companies and has refused to enforce the law so Californians can recover billions of dollars stolen from the state.</i> <i><br/> <br/></i> <i>It is, of course, not just the outstanding refunds that you have withheld, but your unwillingness to bring energy companies to the table for contract renegotiation that is so offensive. The market manipulation began at least as early as June 2000, according to a Department of Justice indictment of Reliant. It continued - as evidenced by Enron's "Fat Boy/Death Star" memo, the conversations about manipulation involving AES and Williams traders as well as the new Enron tapes and a host of other indisputable proof -- through the 2001 blackouts and price spikes. This should provide you with incontrovertible evidence that the contracts must be abrogated or renegotiated.</i> <i><br/> <br/></i> <i>Although you do not attempt to defend these indefensible tapes, your effort to deflect their relevance in this manner demonstrates your continued allegiance to your long-time promoter Ken Lay. But more importantly, your letter shows that you do not grasp the heinousness of this massive larceny.</i></p>
<p><a href="http://www.consumerwatchdog.org/feature/ftcrs-letter-ferc-chairman-pat-wood-iii">http://www.consumerwatchdog.org/feature/ftcrs-letter-ferc-chairman-pat-wood-iii</a></p> When they drop to the level o…tag:www.windtaskforce.org,2015-11-26:4401701:Comment:707672015-11-26T17:24:15.933ZEric A. Tuttlehttps://www.windtaskforce.org/profile/EricATuttle
<p>When they drop to the level of Caliber $0.0000001 (unregistered) I would be happy, however they will have sold of the projects, taken their ill gotten profits and left the stockholders with little to show unless like ENRON - ENRON II gets yet another government bail out. (Again our taxpayer funds, funding foreign corporations through their U.S. office associations) Another reason a need for these trade agreements. </p>
<p>When they drop to the level of Caliber $0.0000001 (unregistered) I would be happy, however they will have sold of the projects, taken their ill gotten profits and left the stockholders with little to show unless like ENRON - ENRON II gets yet another government bail out. (Again our taxpayer funds, funding foreign corporations through their U.S. office associations) Another reason a need for these trade agreements. </p> SunEdison (SUNE) -83.34% Year…tag:www.windtaskforce.org,2015-11-26:4401701:Comment:706772015-11-26T17:17:25.348ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p><span class="negData">SunEdison (SUNE) -83.34%</span> Year-to-Date November 25, 2015</p>
<p><a href="http://money.cnn.com/quote/quote.html?symb=SUNE" target="_blank">http://money.cnn.com/quote/quote.html?symb=SUNE</a></p>
<p><i>Levin: “<b><u>corporate executives have walked away from corporate disasters with millions in their pockets, often from exercising stock options, while pension funds, investors, employees and creditors have lost everything.”</u></b></i></p>
<p><span class="negData">SunEdison (SUNE) -83.34%</span> Year-to-Date November 25, 2015</p>
<p><a href="http://money.cnn.com/quote/quote.html?symb=SUNE" target="_blank">http://money.cnn.com/quote/quote.html?symb=SUNE</a></p>
<p><i>Levin: “<b><u>corporate executives have walked away from corporate disasters with millions in their pockets, often from exercising stock options, while pension funds, investors, employees and creditors have lost everything.”</u></b></i></p> Thank you, too, Eric :)
Inter…tag:www.windtaskforce.org,2015-11-26:4401701:Comment:706732015-11-26T17:05:24.080ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p>Thank you, too, Eric :)</p>
<p>Interesting...</p>
<p>August 19, 2015 UPC Renewables News-</p>
<p>UPC Renewables and SunEdison by joint venture have executed a PPA for a wind project in Indonesia. </p>
<p><a href="http://www.upcrenewables.com/news/" target="_blank">http://www.upcrenewables.com/news/…</a></p>
<div class="post-title"><h2 class="entry-title"></h2>
</div>
<p>Thank you, too, Eric :)</p>
<p>Interesting...</p>
<p>August 19, 2015 UPC Renewables News-</p>
<p>UPC Renewables and SunEdison by joint venture have executed a PPA for a wind project in Indonesia. </p>
<p><a href="http://www.upcrenewables.com/news/" target="_blank">http://www.upcrenewables.com/news/</a></p>
<div class="post-title"><h2 class="entry-title"><a href="http://www.upcrenewables.com/consortium-of-upc-renewables-sunedison-and-binatek-energi-terbarukan-executes-power-purchase-agreement-with-pt-pln-for-the-sidrap-70mw-wind-farm-south-sulawesi-indonesia/">PRESS RELEASE: Consortium of UPC Renewables, SunEdison and Binatek Energi Terbarukan executes power purchase agreement with PT PLN for the Sidrap 70MW Wind Farm, South Sulawesi, Indonesia</a></h2>
</div>
<div class="post-excerpt">Jakarta 19th August 2015/PRNewswire/ — PT UPC Sidrap Bayu Energi, the joint venture project company of PT Binatek Energi Terbarukan, UPC Renewables Indonesia, and SunEdison, announced that it has signed a power purchase agreement (PPA) with PT PLN (Persero) for the Sidrap 70 Megawatt (MW) Wind Project in Sidrap, South […]</div> Thanks for taking the time to…tag:www.windtaskforce.org,2015-11-26:4401701:Comment:706702015-11-26T16:00:12.952ZEric A. Tuttlehttps://www.windtaskforce.org/profile/EricATuttle
<p>Thanks for taking the time to make an understanding of this confusing usage of a similar name Barbara.</p>
<p>This was my stumbling point some time back when doing research. I could not find the connection between that and current. I still can not make the dots connect (yet at least).</p>
<p>I was near sending out information to the STEWC coalition on the Bingham project when this became a dead end with Navajo/Caliber. So I had to withdraw that information due to uncertainty. I can fully…</p>
<p>Thanks for taking the time to make an understanding of this confusing usage of a similar name Barbara.</p>
<p>This was my stumbling point some time back when doing research. I could not find the connection between that and current. I still can not make the dots connect (yet at least).</p>
<p>I was near sending out information to the STEWC coalition on the Bingham project when this became a dead end with Navajo/Caliber. So I had to withdraw that information due to uncertainty. I can fully see and comprehend the UPC versions of the First Wind name usage.</p>
<p>I also see how this can be confusing. As a former employer "Guilford Industries" textile, held the same name as a Rail corporation. Later after a lawsuit, the rail company retained the name, and the textile assumed "Guilford of Maine" Later under the Interface name. And the Rail now PanAm Rail.</p>
<p>I just do not want to be chasing the wrong Rabbit down the hole. And would rather err on the side of caution.</p>
<p>Again, Thanks for this information that you have devoted your time to bring forth. </p> Navajo/Caliber "pump and dump…tag:www.windtaskforce.org,2015-11-26:4401701:Comment:705812015-11-26T15:24:44.843ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p>Navajo/Caliber "pump and dump" fraudsters claim 750 KW wind turbines are for small scale, community wind projects by First Wind Energy Systems. </p>
<p>But, ENRON (U.S. most notorious case of corporate fraud) provides specifications for 750 KW turbines they've installed around the world. …</p>
<p></p>
<p>Navajo/Caliber "pump and dump" fraudsters claim 750 KW wind turbines are for small scale, community wind projects by First Wind Energy Systems. </p>
<p>But, ENRON (U.S. most notorious case of corporate fraud) provides specifications for 750 KW turbines they've installed around the world. </p>
<p><a href="http://physics.oregonstate.edu/~hetheriw/projects/energy/topics/doc/solar/wind/turbine/EnronWind_750MW.pdf" target="_blank">http://physics.oregonstate.edu/~hetheriw/projects/energy/topics/doc/solar/wind/turbine/EnronWind_750MW.pdf</a></p> Eric,
I think I'm following y…tag:www.windtaskforce.org,2015-11-26:4401701:Comment:707662015-11-26T15:11:09.935ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p>Eric,</p>
<p>I think I'm following your point about community wind, small scale, used by scammers Navajo/ Caliber to describe First Wind Energy Systems.</p>
<p>Back in 2009, I searched for evidence that First Wind Energy Systems installed community, small-scale wind, or that it existed prior to Navajo/Caliber fraudulent press releases. I couldn't find any evidence that First Wind Energy Systems was in business prior to 2009 Caliber/Navajo announcements. </p>
<p>Do you, or does anyone…</p>
<p>Eric,</p>
<p>I think I'm following your point about community wind, small scale, used by scammers Navajo/ Caliber to describe First Wind Energy Systems.</p>
<p>Back in 2009, I searched for evidence that First Wind Energy Systems installed community, small-scale wind, or that it existed prior to Navajo/Caliber fraudulent press releases. I couldn't find any evidence that First Wind Energy Systems was in business prior to 2009 Caliber/Navajo announcements. </p>
<p>Do you, or does anyone reading this, suspect this is commercial or industrial wind development as represented by the SEC determined scammers now delisted?</p>
<p>"There is major breaking news coming from Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (PINKSHEETS: CLBN), as the company has just inked a wind turbine manufacturing supply agreement with an estimated value of US$65 Million.</p>
<p>Yesterday after the markets closed, the company, a renewable energy company focused on creating electricity from the power of wind, issued a press release announcing that it has signed a wind turbine manufacturing supply agreement (the "Agreement") for the delivery and commissioning of 53 750 KW wind turbines to China Lao Gaixian Wind L.P., represented by PCA Wind Power OA Inc., for its 120.80 MW wind farm project in Liaoning Province, China (the "China Lao Gaixian Project")."</p>
<p><a href="http://www.realpennies.com/otc/CLBN/" title="http://www.realpennies.com/otc/CLBN/">http://www.realpennies.com/otc/CLBN/</a></p>
<p></p>
<p>Bear in mind that the Director of First Wind, Pat Wood, represents himself as Director of First Wind Energy Systems. </p>
<p>Happy Thanksgiving! </p> BEFORE THE
PUBLIC SERVICE COM…tag:www.windtaskforce.org,2015-11-26:4401701:Comment:705802015-11-26T14:48:04.396ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
<p align="center"><b>BEFORE THE</b></p>
<p align="center"><b>PUBLIC SERVICE COMMISSION OF UTAH</b></p>
<p align="center">Sur-Rebuttal Testimony of</p>
<p align="center">Paul Gaynor</p>
<p> </p>
<p align="center"><b>Exhibit MWC 1.0 SR</b></p>
<p align="center"></p>
<p><b>"Did the change from UPC to First Wind have any impact on the company's structure or day-to-day operations?</b></p>
<p>A No. First Wind’s predecessor, UPC Wind Partners, LLC (UPC Wind), is the entity that filed the…</p>
<p align="center"><b>BEFORE THE</b></p>
<p align="center"><b>PUBLIC SERVICE COMMISSION OF UTAH</b></p>
<p align="center">Sur-Rebuttal Testimony of</p>
<p align="center">Paul Gaynor</p>
<p> </p>
<p align="center"><b>Exhibit MWC 1.0 SR</b></p>
<p align="center"></p>
<p><b>"Did the change from UPC to First Wind have any impact on the company's structure or day-to-day operations?</b></p>
<p>A No. First Wind’s predecessor, UPC Wind Partners, LLC (UPC Wind), is the entity that filed the Application in this docket. On May 1, 2008, UPC Wind changed its name to First Wind..."</p>
<p>(the above testimony is available as an attachment for download by request)</p>
<p><strong>Next-</strong></p>
<p><strong>UPC Renewables</strong></p>
<p><strong>Brian E. Caffyn – Director</strong></p>
<p>After an extensive career as a financier to the energy industry in the United States working for GE Capital and Heller Financial, Brian became President of Cannon Energy in San Diego CA managing over fifty people involved in developing, constructing, operating and maintaining over seven hundred WTGs in California. In 1996, Brian was co-founder of UPC International Partnership CV II and oversaw and actively managed the establishment and build-out of its Italian operations – Italian Vento Power Corporation (IVPC) and related companies. In 2000 he and Peter Gish established what was to become a highly successful wind venture in the US – UPC Wind Partners (now First Wind) where Brian served for several years as CEO and Chairman and remains on the Board. Brian has successfully completed some of the largest wind energy projects ever financed while directing and managing the development, construction and operation of over 700MW of operating wind energy projects. He has a Bachelors degree in Finance and Quantitative Methods from Babson College. Mr. Caffyn oversees the general strategy for the businesses in China and lives in Hong Kong.</p>
<p><a href="http://upcnarenewables.com/who-is-upc/team/" target="_blank">http://upcnarenewables.com/who-is-upc/team/</a></p>
<p>My read on this is that UPC and First Wind are indivisible per Gaynor. The operation is the same. </p>
<p>Thank you for your information, Kathy. Happy Thanksgiving~ </p>
<p></p> Here is direct on connection:…tag:www.windtaskforce.org,2015-11-26:4401701:Comment:708612015-11-26T08:45:46.314ZKathy Shermanhttps://www.windtaskforce.org/profile/KathleenASherman
Here is direct on connection:<br />
<a href="http://www.upcrenewables.com/indonesia/company/leadership-team/" target="_blank">http://www.upcrenewables.com/indonesia/company/leadership-team/</a><br />
For just one Asian country, but it lists Brian as USA. When I checked a few years ago, most of what I found was a nasty divorce. So when did the LLCs of UPC become the various LLCs of First Wind? Any record, say in Delaware where all is "incorporated" with no oversight when the biz applies to do biz in another…
Here is direct on connection:<br />
<a href="http://www.upcrenewables.com/indonesia/company/leadership-team/" target="_blank">http://www.upcrenewables.com/indonesia/company/leadership-team/</a><br />
For just one Asian country, but it lists Brian as USA. When I checked a few years ago, most of what I found was a nasty divorce. So when did the LLCs of UPC become the various LLCs of First Wind? Any record, say in Delaware where all is "incorporated" with no oversight when the biz applies to do biz in another state - maybe 30 minutes to get everything done. The first time that I have se…tag:www.windtaskforce.org,2015-11-26:4401701:Comment:707642015-11-26T08:21:14.532ZKathy Shermanhttps://www.windtaskforce.org/profile/KathleenASherman
The first time that I have seen SunEd blame their financial woes squarely on First Wind:<br />
<a href="http://www.smarteranalyst.com/2015/11/25/needham-weighs-in-on-two-collapsing-stocks-sunedison-inc-sune-hp-inc-hpq/" target="_blank">http://www.smarteranalyst.com/2015/11/25/needham-weighs-in-on-two-collapsing-stocks-sunedison-inc-sune-hp-inc-hpq/</a><br />
Anyhow stock price sharply collapsed to $3.23 about 26% on the day.<br />
<br />
Bet none of the interconnected above lost because they might well know the…
The first time that I have seen SunEd blame their financial woes squarely on First Wind:<br />
<a href="http://www.smarteranalyst.com/2015/11/25/needham-weighs-in-on-two-collapsing-stocks-sunedison-inc-sune-hp-inc-hpq/" target="_blank">http://www.smarteranalyst.com/2015/11/25/needham-weighs-in-on-two-collapsing-stocks-sunedison-inc-sune-hp-inc-hpq/</a><br />
Anyhow stock price sharply collapsed to $3.23 about 26% on the day.<br />
<br />
Bet none of the interconnected above lost because they might well know the pyramid scheme is a bad bet, but TerraForm's bet was on those power purchase agreements with electric suppliers and especially municipalities and public coops. Very foolhardy to take a long-term PPA at a high price hoping that even though it is above market today, that it will give "price stability".<br />
Today -11/26 at 2 am wind led the contribution to renewables in ISO-NE. Total RE 1603 MW of which 38% wind (30% each for trash and wood), so wind is high at 609.2 MW. great - wind slightly edged out coal which has been rising pre-retirement. Coal was only 534.4 MW (same for hydro). About 4600 MW of nuclear, much of it to shutter soon, is serving 43% of the minimal nighttime load.<br />
<br />
If you want to voluntarily reduce demand today, shut off everything at 11:30 AM and don't put the game on near 3:30 PM.<br />
<br />
And please remember, as we pray for sane energy policy this Thanksgiving, that intermittent electricity was supposed to be meeting increased need back 10 plus years ago when the dream was sold. It was not intended to replace base load. Just take some of the most polluting oil and coal generators down by now with little impact on capacity. The picture changed with recession and with adding much more closures of nuclear as well. The EIA gives figures for residential air conditioning, but not for residential emergency/back-up generators. We will all need them and at the same time bear the costs of sharp increase in energy costs since dereg in late 90s. And bear the cost of transmission, net-metering etc. to replace dispatchable baseload. We will need AC to keep turbine noise out. Who is doing the math? Rhetorical - the Maine Environmental and the fastest growing job categories - environmental consultants and lawyers.