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Public advocate reverses position on giant wind energy deal

The state public advocate’s office, which represents the interests of utility customers in Maine, has withdrawn its opposition to a multimillion-dollar transaction to build wind turbines across Maine and the Northeast.

The move was made, said Public Advocate Timothy Schneider, after his office reviewed its previous position and decided that the deal would neither undermine state utility regulation nor would it threaten ratepayers with higher energy prices. Continue Reading →

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PUC ponders what’s next for multimillion-dollar wind deal vacated by court

Now what?

That’s the question being asked by regulators, utilities and representatives of one of the biggest business deals to hit the state in a long time, after Maine’s high court invalidated regulatory approval of that deal.

The deal is a complex transaction, worth hundreds of millions of dollars, to build wind turbines across the region. Continue Reading →

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High court overrules agency OK of multi-million-dollar wind energy deal

A 2012 deal worth hundreds of millions of dollars to expand wind energy projects across the Northeast was dealt a blow Tuesday by the Maine supreme court, which ruled that a state agency’s approval of the complex deal was invalid. The transaction included prominent wind developer First Wind, Maine utility companies Bangor Hydro and Maine Public Service and Nova Scotia-based electric utilities owner Emera, Inc. Continue Reading →

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Energy firms announced deal despite risk posed by legal appeal

Less than two weeks ago, a Canadian energy company and a major wind power developer with turbines in Maine announced they had closed a deal worth hundreds of millions of dollars to expand wind power projects across the Northeast. But the announcement left out one important fact that could jeopardize the deal: Legal appeals had been filed just days before by the state’s Office of the Public Advocate and a Maine utility company challenging a ruling by a state agency that cleared the way for the joint venture. “I was somewhat surprised” to see the announcement that the deal had closed, said Eric Bryant, the attorney in the Public Advocate’s office who filed one of the appeals. “It’s unusual for a company to make a decision when there’s risk involved that it may have to undo it because of a legal matter.”

The partnership is between Emera, a Canadian energy company that owns electric utilities in the Northeastern US, Atlantic Canada and elsewhere, and First Wind, which develops, constructs, operates and owns utility-scale wind projects across the United States and in Hawaii. First Wind is the Northeast’s largest wind power developer and has four major wind projects in Maine, with a fifth, Bull Hill, under construction. Continue Reading →

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Multi-million-dollar wind deal approved by state regulators

State regulators on Tuesday approved a multi-million-dollar deal that could fund construction of hundreds of wind turbines in Maine and the Northeast, despite a staff recommendation to reject the proposal. All three members of the Public Utilities Commission voted for a complex series of transactions among First Wind, Bangor Hydro and Maine Public Service and their parent, Nova Scotia-based Emera, Inc., and Ontario-based Algonquin Power and Utilities Corp. The commissioners said the economic benefit of such investment was substantial, that any potential harm from the deal could be mitigated by PUC-imposed conditions and that the deal helped meet the ambitious goals of Maine’s 2008 Wind Power Act. Maine currently has 205 commercial wind turbines that can produce 400 megawatts of electricity. Tuesday’s deal could pave the way for construction of turbines producing an additional 1,200 megawatts. Continue Reading →

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PUC releases confidential transcript in wind energy case

A proposal for a joint venture that would undertake major construction of wind towers across the state and region has encountered more regulatory complications, a week after reports were published that state officials recommended the proposal be turned down.  

The state’s Public Utilities Commission (PUC) was set to decide on Jan. 31 whether the proposal by First Wind, Emera Inc. (the Nova Scotia-based parent company of Bangor Hydro and Maine Public Service) and Ontario-based Algonquin Power and Utilities Corp. could move ahead. But that meeting has been indefinitely postponed while attorneys for the deal’s proponents and opponents wrestle over actions taken by First Wind and Bangor Hydro over the last week. Continue Reading →

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PUC staff: no-go for energy firms’ wind deal

Last April, Maine’s largest wind energy developer, First Wind, trumpeted a multimillion-dollar deal that would pay for the company’s ambitious plans to erect more wind turbines throughout Maine and the Northeast. But in just the last week,  the Maine Public Utilities Commission (PUC) dealt a potentially fatal blow to the deal. Faced with what opponents have called the first serious challenge to the state’s landmark electricity deregulation

law, which went into effect in 2000, PUC staff on Jan. 13 recommended that the agency give the thumbs down to the deal. “We deny approval of the ‘proposed Transactions’ as we find that the risk of harm to ratepayers exceeds the benefits,” the draft decision reads, “even if conditions intended to mitigate the risk of harm to ratepayers were imposed.”

The recommendation, which will be considered and voted on by the three agency commissioners Jan. Continue Reading →

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