AUGUSTA, Maine — The owner of several northern New England wind power projects says Maine utility regulators have agreed to a transaction involving the owner of Bangor Hydro-Electric Co.
First Wind said Tuesday the Public Utilities Commission has approved, with conditions, the deal in which Emera Inc. of Nova Scotia will invest more than $300 million to have a 49 percent stake in First Wind’s Northeast project portfolio. First Wind says that includes eight projects in Maine, New Hampshire and Vermont. Emera will form a joint venture with Algonquin Power and Utilities Corp.
The PUC has not yet issued a final order on the transaction. First Wind, based in Massachusetts, says it looks forward to reviewing the complete written decision, but it’s encouraged by the PUC’s deliberations and is eager to move forward.
Here is a vote of confidence in the future.
Let the naysayers now speak.
Hoping for something both new and real from them.
Wind power development polls at 70%+ approval in Maine.
Let the NIMBY’s begin their long winded whines!!!
Crooks. The wind industry is about as crooked as it gets.
I stand corrected.
You posted a short winded whine.
… an improvement over the tedious copy/paste diatribes that almost certainly will litter these comments soon.
What do you think about the Mafia connection?
Is that why 30 Maine towns (including Portland) have passed ordinances to keep grid-scale wind turbines out – most with overwhelming or unanimous votes?
At 24% maximum efficiency, how many wind turbines will we need before any of this is worth a crap? Taxpayer funded BS, period.
Yeah, that is the mechanical efficiency,
but how does the fuel cost efficiency compare with your favored options ?
Mafia Ties to Wind Fraud in Italy Investigated
http://www.environmentalleader.com/2009/11/17/mafia-tied-to-wind-fraud-in-italy/
Maine ratepayers lose again. It seems the Maine PUC is doing their best to assure that Maine ratepayers continue to serve the wind industry. I was under the mistaken impression that the PUC worked for ALL Maine ratepayers, not just a few wind development related companies.