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Negotiations continue on Berlin biomass plant

August 11, 2011
BERLIN — Although the nation's business climate is tense and time is slipping away, negotiations that would allow construction to begin on Berlin Station, LLC, a wood-burning that could generate up to 75 megawatts of electricity, are continuing, said John Halle, president of Cate Street Capital of Portsmouth, in a Sunday evening interview.

Communications that involve state officials, the six independent power plants (IPPs), Public Service of New Hampshire, and Cate Street are still going forward, Halle explained.

The Berlin City Council unanimously approved a 22-year Payment in Lieu of Taxes (PILOT) agreement on July 27 with Berlin Station that would bring $34 million in revenue over the life of the agreement, with the possibility of more: 15 percent of the profits of the sale of up to 100,000 Renewable Energy Credits (RECs) each year, starting in 2019. The agreement only goes into effect, however, if a deal, including its financing, is in place before Sept. 1.

Salmon Press
Martin Lord Osman
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