Date: December 4, 2009
Source: Laidlaw Berlin BioPower, LLC
Laidlaw Berlin BioPower, LLC, which is developing a new 66-megawatt biomass facility in Berlin, NH, said it received confirmation of existing adequate interconnection capacity on the local transmission system. Results indicate that Laidlaw's Berlin BioPower facility will be able to connect to the transmission system with minimal upgrades estimated to cost less than $1 million. Laidlaw President and CEO Michael Bartoszek said "We are extremely pleased with the results of the study as it confirms our long-standing position that there is sufficient capacity on the system for multiple renewable energy projects."
PRESS RELEASE
Laidlaw's Berlin Biomass Energy Project Receives Favorable Results
Laidlaw Berlin BioPower, LLC announced today that it has received confirmation of existing adequate interconnection capacity on the local transmission system. The confirmation was provided by ISO – New England, the entity charged with oversight of the local power grid, who conducted an independent "Interconnection Feasibility Study." With this important development, Laidlaw's 66 megawatt biomass-energy facility took another important step forward.
Results indicate that Laidlaw's Berlin BioPower facility will be able to connect to the transmission system with minimal upgrades estimated to cost less than $1 million. The interconnection study took into account all existing facilities as well as projects currently under development and already in the ISO-New England queue.
Laidlaw President and CEO Michael Bartoszek was quoted stating "We are extremely pleased with the results of the study as it confirms our long-standing position that there is sufficient capacity on the system for multiple renewable energy projects."
For further information on Laidlaw please see www.laidlawenergy.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward looking statements that involve a number of risks and uncertainties, Laidlaw provides no assurance that such statements will prove to be correct. Laidlaw undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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