Wednesday, December 16, 2009

The following post was provided by a poster by the name of "Sundowner" who posts frequently on Yahoo's message board on Laidlaw Energy. It is interesting to note that some locals are betting that the following track record is not an indication of future performance.

information provided by Sundowner


"Some have started to question the time line for Laidlaw to move forward in Berlin or MA. Actually, their current performance is fully in keeping with the company's history of making announcements and then not delivering.

Dec. 1999 - Acquired Ellicottville Energy
Oct. 2002 - Ellicottville in receivership and closes shortly after
Dec. 2004 - Announcement of receiving a $1 million NYSERDA grant to restart Ellicottville. Actually receive less than $200,000 of that grant.
Sep. 2005 - Announcement that Ellicottville will restart in 2006
Jan. 2006 - Announcement of a new joint venture with EcoPower
Feb. 2006 - Announcement of a 20 MW project in New Bedford, MA
Feb. 2006 - Announcement of a 20 MW project in Alexandria, NH
Oct. 2006 - Announcement of a 16 MW project in NH with start up in 2007
Jan. 2007 - Announcement of plans to obtain 1,000 acres of land in western NY to grow willows for closed loop project
Apr. 2007 - Announcement of plans to develop 50MW project in Berlin, NH an commence operations in 2008
Jun. 2007 - Announcement of a joint venture with Triangle Equities to develop the Berlin Project
Aug. 2007 - Announcement of Berlin plant being 60 MW, with operations commencing 2008
Jan. 2008 - Announcement of plans to move up to the OTCBB (from the pink sheets)
Jan. 2008 - Announcement of plans to complete purchase of the Berlin site by the end of the year
May 2008 - Announcement that Berlin site would be purchased within 90 days
Jun. 2008 - Announcement of a 20 MW project in Henniker, NH
Jan. 2009 - Announcement that Laidlaw would shortly be applying for permits through EFSEC, with commercial operations in 2010

There is more that could be listed, but that's enough for now.

Given the history, is it any surprise that the EFSEC application has yet to be filed, despite multiple announcements that it would be filed early in 2009, by the end of summer, within 6 weeks, etc.?

As always, just the facts. You make the decision, is this the type of company you want to trust with your investment?"

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Business owner, father of four children. Concerned for a northern nh city, Berlin, that has a chance to redefine itself as an important green energy producer for New England. This area has a choice between two biomass companies but only enough resource to fuel one proposal. I am in favor of biomass as a means to move NH towards its 2025 initiative of 25% alternative energy production, but not at the expense of sustainability or quality of life. I believe massive biomass plants need to have a nation wide analysis as they can effectively eliminate higher efficiency use of our forest.