Biomass Project DEAD!

I don't have all the details, but a spokesperson for Cate Street Capital told New Hampshire Public Radio that Berlin's "Laidlaw/Berlin Station" project is dead! More details to follow..................

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[wood burner]

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Comments (0)EmailPrint The Berlin biomass project which would have provided a huge boost to the North Country is apparently dead. NHPR’s Chris Jensen reports.

“As we speak today the Berlin station project is indeed dead.”

That’s Scott Tranchemontagne, a spokesman for Cate Street Capital.

Cate Street has been backing the Berlin biomass project.

Tranchemontagne said the problem is that negotiations involving state officials, Cate Street and six, small wood-fired biomass plants fell apart.

The wood-fired plants have objected to the Public Utility Commission’s recent approval of a deal that would allow Public Service of New Hampshire to buy electricity from the Berlin plant.

Negotiations were underway to try and keep them from making an appeal to the Supreme Court. That could delay the project for a year.

Sen. John Gallus, who represents the North Country, was involved in those talks.

“Talks, were, we were supposed to resolve everything by the 30th and that basically didn’t happen.”

The Berlin plant was seen as providing a huge economic boost to an area that needs help.

For NHPR News, this is Chris Jensen

[Rocky]

Thanks wood burner, Im sure it's not the news you wanted to hear.

[wood burner]

Appeals can be pulled at anytime Rocky.I'm guessing it's not over yet.

[Rocky]

It all depends if Cate Street Capital has the stomach and staying power to go through the court process, my guess is no. If this project falls apart, I wonder who is left holding the bag on the boiler and mill property? Nobody else will want to resurrect that project. I bet Mr. Bartoszek will be nowhere to be found.

[warren,]

I'm also sure its not over yet, everything that happens in Berlin has more twists and turns than a Swiss Piste. Look at the Cascade Success Story for example. Barty and Lleg have been gone for a while now Rocky, get with it man!

[warren,]

Actually, I'll bet Cate St. has more Stomach and Staying power not to mention Capital Reserves than the IPP's, after all, Time is on their side, as that old song by the Stones says so well.

[wood burner]

Anyone remember paragraph #2 ??

In ‘03 PSNH proposes to convert 50 MW coal unit at Schiller Station (Portsmouth, NH) to biomass
Wood IPPs intervene & appeal to NH Supreme Court –PUC decision upheld
Eventually approved with some risk sharing of capital cost (~$90M) –Economics depend on value of RECs
Coal unit @ Schiller recently co-fired with cocoa hulls from nearby Lindt chocolate factory
PSNH now touts benefits of Wood to Energy on website (much as IPPs did)
PSNH has sought legislative authority to build new biomass power plants