Maine Biomass Firm Settles With Loggers, Defers Subsidy Payments

Stored Solar, the biomass generator scheduled to receive state subsidies at its plants in West Enfield and Jonesboro over the next two years, has settled with loggers who claimed they were not being paid. The company also told state regulators it would like to rework its share of a two-year subsidy agreement to defer the […]

Stored Solar, the biomass generator scheduled to receive state subsidies at its plants in West Enfield and Jonesboro over the next two years, has settled with loggers who claimed they were not being paid. The company also told state regulators it would like to rework its share of a two-year subsidy agreement to defer the actual payments until it demonstrates in-state benefits are actually achieved.

In December, the PUC split $13.4 million in state subsidies over two years between Stored Solar and the state’s other biomass power company, ReEnergy Holdings, as part of a stop-gap plan approved by the 127th Legislature to assist Maine’s struggling loggers who had been hit hard by paper mill closures and the closure of the biomass plants in West Enfield and Jonesboro by former owner Covanta Energy in March 2016.

Covanta’s closures occurred after Massachusetts changed how it pays for biomass energy. Stored Solar bought the two facilities in October. Covanta Holding Corp. is based in Morristown, N.J. Stored Solar LLC, which is wholly owned by Capergy US LLC, is part of Capergy SA, a French corporation.

In mid-March, following allegations by the Professional Logging Contractors of Maine that some loggers had not been paid, the PUC asked Stored Solar to provide a full financial accounting of its West Enfield and Jonesboro facilities and “the status of any payment obligation to suppliers, contractors or employees.”

In a March 27 letter replying to the PUC, Stored Solar Vice President William Harrington told regulators the nonpayment issue had been resolved.

From MaineBiz: http://www.mainebiz.biz/article/20170329/NEWS01/170329939/biomass-firm-settles-with-loggers-wants-puc-to-defer-its-subsidy-payments

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