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80% of all DOE loans went to Top Obama donors (Larry Summers!)
Big Govt ^ | 11/17/2011 | Wynton Hall

Posted on 11/17/2011 2:05:26 PM PST by GlockThe Vote

With Energy Secretary Steven Chu set to testify Thursday before the House Energy and Commerce Committee about the government’s $573 million loan to failed solar panel maker Solyndra, an explosive new list of energy loan amounts to President Obama’s top fundraisers, bundlers, and supporters has been released by Breitbart editor Peter Schweizer, author of Throw Them All Out.

As the list reveals, 80 percent of all $20.5 billion in Department of Energy loans went to President Obama’s top donors. Furthermore, some of those dwarf in size those given to Obama bundler George Kaiser, owner of the now defunct Solyndra.

The list—which features the likes of Google owners Larry Page and Sergey Brinn, Robert F. Kennedy Jr., Ted Turner, John Doerr, and Al Gore—raises new questions about the procedures used to administer the now-controversial DOE loans.

(Excerpt) Read more at biggovernment.com ...


TOPICS: Business/Economy; Government; Miscellaneous; News/Current Events
KEYWORDS: chu; corruption; energydept; greenbribery; greenfarce; loans; obama; obamafail; scandal; solyndra; throwthemallout
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Larry Summers too!!!!

WTF!!!!

1 posted on 11/17/2011 2:05:29 PM PST by GlockThe Vote
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To: GlockThe Vote

It seemed to start with little things: not reporting that Obama was a smoker, refusing to mention his middle name, refusing to mention he grew up in a Muslim country, refusing to report his campaign promise of skyrocketing electricity prices, then they attacked Joe the Plumber for daring to ask Obama a question that unmasked their chosen candidate as a Marxist, bought a house from crooked realtor and slum lord Tony Rezko in a sweetheart deal, they downplayed his 20-year membership in a hate church, poo-poohed his friendship and working relationship with terrorist Bill Ayers and his terrorist wife. The Obamas even spoke against the American dream, calling it “Middle-Classism”.

He was never vetted during the campaign, the media even chose not to report certain things and even attacked and maligned anyone who dared question him. (remember Joe the Plumber) Since getting in the White House Obama has literally given away a trillion dollars to friends and allies (so-called “stimulus”) and expects to get a billion dollars back for his campaign coffers. This is probably the biggest crime in history and its apparently not newsworthy. His administration has given guns to Mexican druglords, people have literally died-including Americans from those very guns. His “Obamacare” threatens to bankrupt the country while rationing out less but ever-more expensive healthcare to the people. He decries those who “don’t pay their fair share” while his top corporate allies, like GE, pay no taxes at all. He decries CEO’s “excessive salaries” while ignoring the salaries of top union officials, and Fannie Mae and Freddie Mac who walked away with millions as those institutions crashed to the ground and demanded bailouts.

But hey if a Republican pauses for 20 seconds to think about a question from a hostile reporter, that must be condemned as the end of his campaign. Yes, what media bias?


2 posted on 11/17/2011 2:10:37 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: GlockThe Vote

How Larry Summers lost Harvard $1.8 billion
http://blogs.reuters.com/felix-salmon/2009/11/29/how-larry-summers-lost-harvard-18-billion/


3 posted on 11/17/2011 2:12:22 PM PST by big bad easter bunny (Cain 2012)
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To: GlockThe Vote

80% of all DOE loans went to Top Obama donors

Not that there is anything wrong with that!


4 posted on 11/17/2011 2:15:55 PM PST by PoloSec ( Believe how that Christ died for our sins, was buried and rose again for our justification)
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To: GeronL

I really wish you would quit beating around the bush and if you have something to say, say it.

Pulling punches will not get it.......

(I certainly hope you don’t feel that I have to include s/s in my above ‘rant’)...ha...

Actually you must give credit where credit is due.

If his mission was to bring ‘US’ to our knees, bankrupt us and generally make us a laughing stock in the eyes of the world,

He is doing “A BANG UP JOB”.


5 posted on 11/17/2011 2:18:26 PM PST by xrmusn ((6/98) If govt involved, the more outlandish a scheme appears, the truer it probably is.)
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To: GlockThe Vote

and the RNC will not run any advertising on CNN or MSNBC to complain becasue the insiders want their billions when they get in. Send in a new team “throw them all out”


6 posted on 11/17/2011 2:19:42 PM PST by q_an_a (the more laws the less justice)
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Day 48 Of The FReepathon
Do You Know Why?

There are loyal posters that donate every FReepathon. Some donate several times during every 'thon. But others never donate. Why?

1 My enemies haven't been zotted.
2 The owner doesn't support my candidate.
3 FR won't "upgrade" to "Like" buttons and blinky crap.
4 Someone else will donate.
5 My friend was zotted.
6 I lost my job and have no income.

Only one of those is a legitimate reason.

Support It Or Lose It


7 posted on 11/17/2011 2:20:22 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: GeronL

Hang in there bro.. The media and the dems. are scared of the butt whoppin they see coming. They know the W.house and the senate are gonna be lost by vast majorities for the Repubs..


8 posted on 11/17/2011 2:22:43 PM PST by swampfox101
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To: PoloSec

Click through the link. There is a list i cant download of who got the money.

Its unreal.

FFFUUUBBBOOO!!!!!


9 posted on 11/17/2011 2:23:58 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote

Trick question!

How many watts of electricity will this $20 Billion “investment” have produced, 5 years from now?


10 posted on 11/17/2011 2:25:53 PM PST by G Larry (Catholic Conservative Supporting Israel!)
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To: GlockThe Vote

well the green jobs ,green jobs was just cover so Obama could pay off his supporters who just happen to be in the green jobs scam business


11 posted on 11/17/2011 2:28:32 PM PST by molson209
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To: molson209

Larry Summers got a huge loan. So did RFK Jr.


12 posted on 11/17/2011 2:32:36 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GeronL

Well said. I think you covered everything.


13 posted on 11/17/2011 2:35:32 PM PST by jersey117
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To: GlockThe Vote

MSM: But the Republicans do it too. So don’t blame the RATs.


14 posted on 11/17/2011 2:37:07 PM PST by MaxMax
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To: MaxMax

Click through to the link - you wont believe the list.


15 posted on 11/17/2011 2:43:14 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote

It seems there WAS a procedure in place.

1) Donate to Obama

2) Get a huge govt loan


16 posted on 11/17/2011 2:43:53 PM PST by Mr. K (Physically unable to proofreed <--- oops, see?)
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To: GlockThe Vote
Hey Mom!

Doesn't any of this bother you?

ML/NJ

17 posted on 11/17/2011 2:46:45 PM PST by ml/nj
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To: GeronL
You are to be commended.

An eloquent and concise description of an enormous pile of sh#t.

18 posted on 11/17/2011 2:46:54 PM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: Mr. K

Yeah but Larry Summers?

I mean come on!


19 posted on 11/17/2011 2:50:31 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GeronL
It seemed to start with little things: not reporting that Obama was a smoker, refusing to mention his middle name, refusing to mention he grew up in a Muslim country, refusing to report his campaign promise of skyrocketing electricity prices, then they attacked Joe the Plumber for daring to ask Obama a question that unmasked their chosen candidate as a Marxist, bought a house from crooked realtor and slum lord Tony Rezko in a sweetheart deal, they downplayed his 20-year membership in a hate church, poo-poohed his friendship and working relationship with terrorist Bill Ayers and his terrorist wife. The Obamas even spoke against the American dream, calling it “Middle-Classism”.

He was never vetted during the campaign, the media even chose not to report certain things and even attacked and maligned anyone who dared question him. (remember Joe the Plumber) Since getting in the White House Obama has literally given away a trillion dollars to friends and allies (so-called “stimulus”) and expects to get a billion dollars back for his campaign coffers. This is probably the biggest crime in history and its apparently not newsworthy. His administration has given guns to Mexican druglords, people have literally died-including Americans from those very guns. His “Obamacare” threatens to bankrupt the country while rationing out less but ever-more expensive healthcare to the people. He decries those who “don’t pay their fair share” while his top corporate allies, like GE, pay no taxes at all. He decries CEO’s “excessive salaries” while ignoring the salaries of top union officials, and Fannie Mae and Freddie Mac who walked away with millions as those institutions crashed to the ground and demanded bailouts.

But hey if a Republican pauses for 20 seconds to think about a question from a hostile reporter, that must be condemned as the end of his campaign. Yes, what media bias?


Rant of the year, at least.

ML/NJ

20 posted on 11/17/2011 2:51:16 PM PST by ml/nj
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To: Mr. K; All
Dead on.

And that huge govt loan comes from you and me and EVERYONE who has worked and paid taxes.

We should and I will DEMAND from my congressman and senators that this money be ACCOUNTED FOR PENNY BY PENNY and that EACH DONOR's name be made public as associated with any benefit received from those govt bail outs or loans (oh sure- LOAN! MBFA!)

This is the most horrific abuse and misuse of the our money (aside from the union bail outs) I know of....never mind SIXTEEN DOLLAR MUFFINS, etc.

We must take action.

Please call your congressman, please call your senators and demand that this be stopped and all accountable be made known PUBLICALLY, both those who cut the checks at DOE, and the donors who benefited from the huge amounts of money STOLEN from our treasury in order to pump up donors. The govt employees involved should be forced to name those in the administration who suggested the deals and the DOE govt personel and those in the administration should be FIRED. And if uhbama's ugly name arises in this horrific favoritism, bring him before congress. If he is party to this charade-------------IMPEACH HIM. Now. (Give Hillary her first orgasm in years!)

Not surprised to see al gore's name in the mire-his actions are pure filth; he should turn around his global warning scam and target it at himself.

21 posted on 11/17/2011 3:06:59 PM PST by Republic (SO-uhbama sought help from romney MA healthcare authors? DUMP ROMNEY, no way will he kill obamacare.)
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To: Republic

Obama needs to go to prison.


22 posted on 11/17/2011 3:07:41 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: PoloSec
80% of all DOE loans went to Top Obama donors.

Obviously someone screwed up--20% of the money went to people who shouldn't have gotten any. Whoever is responsible for that oversight should be canned immediately!

23 posted on 11/17/2011 3:24:43 PM PST by Verginius Rufus
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To: Verginius Rufus

Can you post the list at the site? Its horrendos.


24 posted on 11/17/2011 3:29:17 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote
80% of all DOE loans went to Top Obama donors

Gee, what a (non) surprise. This pattern by Obama has been repeated over and over since he was sworn in. When he took over Chrysler, virtually all of the dealers he forced to close were . . . . . . NOT supporters of his!!

25 posted on 11/17/2011 3:40:52 PM PST by DustyMoment (Congress - Another name for white collar criminals!!)
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To: GlockThe Vote

I don’t have the list—the information may be in the book but I don’t have a copy of that. I didn’t start this thread.


26 posted on 11/17/2011 3:40:59 PM PST by Verginius Rufus
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To: xrmusn; writer33

Sory about that, I’ll try to be more direct next time.


27 posted on 11/17/2011 3:46:22 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: jersey117

I emailed this to the local rag and the DC Examiner too, just to see what happens.


28 posted on 11/17/2011 3:48:09 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: GeronL; LucyT; little jeremiah; azishot

GeronL,

Great post!

It’s sent to family and friends, credited to you.

Thank you.


29 posted on 11/17/2011 3:48:41 PM PST by melancholy (0b0z0's '12 campaign slogan: Read My Lips, Nooo...Newwww...Joooobs.)
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To: okie01

Its almost a lunar pile of crap


30 posted on 11/17/2011 3:48:59 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: melancholy

I am just calculating the odds of the local rag printing it as a letter to the editor, but I’m not sure I can count that low. Must be 0.0000000000001% chance.


31 posted on 11/17/2011 3:51:28 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: GeronL

I put this on facebook and one of my lib friends tried justifying this and I pounced on her.


32 posted on 11/17/2011 3:52:37 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote

It’s nothing more than a political slushfund just like “stimulus”


33 posted on 11/17/2011 3:58:56 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: melancholy; GeronL

Thanks for the ping, mel. And BRAVO to an excellent post by GeronL.


34 posted on 11/17/2011 4:15:07 PM PST by azishot
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To: GlockThe Vote

Some of the projects LPO supports include:

The nation’s first nuclear power plant in the last three decades. (Vogtle)
The world’s largest wind farm. (Shepherds Flat)
One of the nation’s first cellulosic ethanol power plants. (POET’s Project Liberty)
The largest rooftop solar project in our nation’s history. (Project Amp)
Several of the world’s largest photovoltaic generation facilities when completed, including the largest in the world. (Agua Caliente)
Several of the world’s largest concentrating solar power (CSP) generation facilities that will triple the nation’s currently-installed CSP capacity.
Solar manufacturing plants that will help reduce the cost of solar power, one by up to up to 50% per panel. (1366, Solopower)
The nation’s first purpose-built wheelchair-accessible vehicle that will run on compressed natural gas. (VPG)
LOAN PROGRAMS OFFICE
OUR PROJECTS
CURRENT TOTALS
LOANS: $35.9B
JOBS: 64,776
PROGRAMS
View All Projects
View projects from program: 1703
View projects from program: 1705
View projects from program: ATVM
DEPARTMENT OF ENERGY
Program Technology Loan
Guarantee
Amount Jobs
(permanent/
construction) Date
of
agreement Locations Status
1703
AREVA Front-end Nuclear $2 billion 310/1,000 May 2010 Idaho Falls, ID Conditional Commitment
Georgia Power Company Nuclear Generation $8.33 billion 800/3,500 Feb 2010 Waynesboro, GA Conditional Commitment
Red River Environmental Products, LLC Energy Efficiency $245 million 70/500 Dec 2009 Coushatta, LA Conditional Commitment
SAGE Electrochromics, Inc. Energy Efficiency $72 million 160/210 Mar 2010 Faribault, MN Conditional Commitment
1705
1366 Technologies, Inc. Solar Manufacturing $150 million 70/50 Sept 2011 Lexington, MA Closed
Abengoa Bioenergy Biomass of Kansas LLC Biofuel $132.4 million 65/300 Aug 2011 Hugoton, KS Closed
Abengoa Solar, Inc. (Mojave Solar) Solar Generation $1.2 billion 70/830 Sept 2011 San Bernardino County, CA Closed
Abengoa Solar, Inc. (Solana) Solar Generation $1.446 billion 60/1,700 Dec 2010 Gila Bend, AZ Closed
Abound Solar Solar Manufacturing $400 million 1,200/400 Dec 2010 Longmont, CO and Tipton, IN Closed
AES Corporation Battery Storage $17.1 million 5/30 Aug 2010 Johnson City, NY Closed
Beacon Power Corporation Energy Storage $43 million 14/20 Aug 2010 Stephentown, NY Closed
BrightSource Energy, Inc. Solar Generation $1.6 billion 86/1,000 Apr 2011 Baker, CA Closed
Caithness Shepherds Flat Wind Generation partial guarantee of $1.3 billion 35/400 Oct 2010 Gilliam and Morrow Counties, OR Closed
Cogentrix of Alamosa, LLC. Solar Generation $90.6 million 10/75 Sept 2011 Alamosa, CO Closed
Exelon (Antelope Valley Solar Ranch) Solar Generation $646 million 20/350 Sept 2011 Lancanster, CA Closed
Granite Reliable Wind Generation partial guarantee of $168.9 million 6/198 Sept 2011 Coos, NH Closed
Kahuku Wind Power, LLC. Wind Generation $117 million 10/200 July 2010 Kahuku Oahu, HI Closed
LS Power Associates (ON Line – formerly known as SWIP-S) Transmission $343 million 15/400 Feb 2011 Ely to Las Vegas, NV Closed
Mesquite Solar 1, LLC (Sempra Mesquite) Solar Generation $337 million 7/300 Sept 2011 Maricopa County, AZ Closed
Nevada Geothermal Power Company, Inc. Geothermal partial guarantee of $98.5 million 14/200 Sept 2010 Humbolt County, NV Closed
NextEra Energy Resources, LLC (Desert Sunlight) Solar Generation partial guarantee of $1.46 billion 15/550 Sept 2011 Riverside County, CA Closed
NextEra Energy Resources, LLC (Genesis Solar) Solar Generation partial guarantee of $852 million 47/800 Aug 2011 Riverside County, CA Closed
NRG Energy (California Valley Solar Ranch) Solar Generation $1.237 billion 15/350 Sept 2011 San Luis Obispo, CA Closed
NRG Solar, LLC (Agua Caliente) Solar Generation $967 million 10/400 Aug 2011 Yuma County, AZ Closed
Ormat Nevada, Inc. Geothermal partial guarantee of $350 million 64/332 Sept 2011 Jersey Valley, McGinness Hills, and Tuscarora, NV Closed
POET, LLC. Biofuel $105 million 40/200 Sept 2011 Emmetsburg, IA Closed
Prologis (Project Amp) Solar Generation partial guarantee of $1.4 billion 42/Over 1,000 Sept 2011 28 States Closed
Record Hill Wind Wind Generation $102 million 8/200 Aug 2011 Roxbury, ME Closed
SolarReserve, LLC (Crescent Dunes) Solar Generation $737 million 45/600 Sept 2011 Nye County, NV Closed
SoloPower Solar Manufacturing $197 million 450/270 Aug 2011 Wilsonville, OR Closed
Solyndra Inc. Solar Manufacturing $535 million N/A/3,000 Sep 2009 Fremont, CA Closed
US Geothermal, Inc. Geothermal $97 million 10/150 Feb 2011 Malheur County, OR Closed
Program Loan Amount Jobs
(created/
saved) Date of
agreement Number of
Projects Status
ATVM
Fisker Automotive $529 million 2,000 Apr 2010 2 Closed
Ford Motor Company $5.907 billion 33,000 Sep 2009 13 Closed
Nissan North America, Inc. $1.448 billion 1,300 Jan 2010 2 Closed
Severstal Dearborn, LLC $730 million 260/2,500 June 2011 Conditional Commitment
Tesla Motors $465 million 1,500 Jan 2010 2 Closed
The Vehicle Production Group LLC $50 million 900 Mar 2011 1 Closed


35 posted on 11/17/2011 4:32:53 PM PST by WVKayaker (The GOP needs to live the planks of its platform, not just offer lip service. -Sarah Palin 8/2008)
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To: GlockThe Vote

bkmk


36 posted on 11/17/2011 4:56:07 PM PST by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: GlockThe Vote

Who wants to bet the New York Times can’t find this story ...


37 posted on 11/17/2011 4:56:57 PM PST by GOPJ ( Democrats are the only reason to vote for Republicans.... Will Rogers)
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To: All


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38 posted on 11/17/2011 4:56:59 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: GOPJ

I just sent it around to my email list and to a few media people.


39 posted on 11/17/2011 4:57:35 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote
I bet that Obama is handing out all the accumulated top secrets of our government, too.

That was my biggest fear when the Left finally got the keys to the top secret file cabinet.

-PJ

40 posted on 11/17/2011 4:59:41 PM PST by Political Junkie Too (If you can vote for President, then your children can run for President.)
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To: Political Junkie Too

Ted turner got 4 billion too.


41 posted on 11/17/2011 5:05:19 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote
I saw that. I don't know what his energy interests are.

-PJ

42 posted on 11/17/2011 5:07:25 PM PST by Political Junkie Too (If you can vote for President, then your children can run for President.)
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To: GeronL

It’s nothing more than a political slushfund just like “stimulus”
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

Kind of makes one ‘wish’ for the good old days back when all the cronies wanted for compensation was an Ambassadorship to East Wherever so their resume and ego could get pumped up.

And the majority of them could have cared less about the pay, it was about a ‘powerful position’ to brag about at cocktail parties.


43 posted on 11/17/2011 5:08:11 PM PST by xrmusn ((6/98) If govt involved, the more outlandish a scheme appears, the truer it probably is.)
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To: xrmusn

This country is literally being looted right in front of us.


44 posted on 11/17/2011 5:25:36 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: Political Junkie Too

Remember eric massa? He complained about this and hus scandal broke. Will post more later on this


45 posted on 11/17/2011 5:39:32 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GeronL

Well put, GeronL. Well put.


46 posted on 11/17/2011 5:54:13 PM PST by AmericanInTokyo (LAURA INGRAHAM'S in-the-tank for Romney, anti-Herman Cain SMEARS are about all I can take!!)
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To: GlockThe Vote

Help out! Go to Solyndra Central:

http://www.facebook.com/pages/Solyndra-Central/203750986367386?sk=friendactivity


47 posted on 11/17/2011 6:00:38 PM PST by jmstein7 (A Judge not bound by the original meaning of the Constitution interprets nothing but his own mind.)
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To: xrmusn

http://www.facebook.com/pages/Solyndra-Central/203750986367386#!/pages/Solyndra-Central/203750986367386?sk=info


48 posted on 11/17/2011 6:01:31 PM PST by jmstein7 (A Judge not bound by the original meaning of the Constitution interprets nothing but his own mind.)
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To: AmericanInTokyo

I probably should have put the 57 state thing in there somewhere. :p


49 posted on 11/17/2011 6:07:43 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: jmstein7
An Ill First Wind Hits the Public in the Pocketbook June 1, 2010 The promises of alternative energy generated from industrial wind turbines are suspect when examined on the facts. The basis for justification for the entire industry is that electricity generated from uneconomical technology is environmentally friendly. The public is supposed to accept higher costs from inefficient and unreliable generation just because it is “green”. Touting wind as a free source of energy is dishonest. This old technology from skyscraper size industrial machines is anything but free. The media seldom reports that industrial wind does not produce cost effective reliable electricity. Cowardly politicians who dare not oppose the industry ignore indisputable and inescapable facts about wind. Rational reasons against spending public expenditures for subsidizing a technology that has never yet replaced a fossil fuel power plant is overwhelming. If industrial wind factories were a real solution, why will not entrepreneurs develop their projects the old fashion way, with their own money? Government policy that favors and protects the economic failure of wind projects is essential for the deception to continue. Even proponents of the most radical global warming myths are taxpayers and consume electricity. Where is their outrage when costs increase at exponential rates, from ill-conceived wind projects, with no ceiling in sight? For answers, an examination of the First Wind Company provides a window on a culture of corruption that is indefensible. First Wind has an application pending before the SEC for an IPO. A review of their S1, S1A and additional supplement filings paints a very dire picture. Prospectus disclosures, must describe risky conditions for a security offered to participants and buyers. The Boston Business Journal report, “In its latest Securities and Exchange Commission filing, the Boston-based company reiterated it could default on an $80 million loan due next month. First Wind currently is negotiating with a consortium of banks to receive $240 million in financing that would pay off a turbine loan that matures June 30.” Part of First Wind’s financial woes is the failed Cohocton, NY project. Original admission that the 50-turbine development cost of $265,000,000 have escalated by tens of millions after three seasons of refitting, repairs and substitutions. Clipper Windpower Liberty 2.5 MG turbine is a total bust as a viable generating unit. Clipper stock (CWP.L) traded on the London exchange; hit a new low this week. The NYISO lists the Canandaigua Power Partners, LLC (entity of ownership for the Cohocton First Wind project) as having a 2008 net energy production of 10,155 MWh and zero kilowatt capacity for 2009. When pushed the NYISO admits that the project is “In Service”, which really means it is in the testing stage. No verified proof is available that any electricity generated by this project is going into the grid for sale to consumers. Leaseholder’s agreements have a minimum payment amount with an extra small percentage for production. If First Wind were really selling electric into the grid, leaseholders are owed money on that production. The fact that Cohocton leaseholders have not received any funds on generated electricity is proof that the project is a failure. Actually, the project consumes significant energy when not producing usable electricity. Energy consumption in wind facilities lays out the different requirements of a wind turbine that eats up significant portions of electricity generated. When the wind is not blowing or a project is not set up for the grid to accept energy, the facility is a net user of electricity. In June 2008, First Wind filed a complaint against the NYISO with FERC (Federal Energy Regulatory Commission) to exempt CPP from the Open Access Transmission Tariff that had been previously agreed upon. The point is that First Wind seeks to transfer normal development costs onto the backs of the ratepayer. First Wind received in the fall of 2009, $74.6 million in federal stimulus grants through the Department of Energy. These funds had no restriction for use and no accounting disclosure followed. Democratic and Chronicle reporter Steve Orr wrote on September 2, 2009 about First Wind’s compliance with the NYS AG ethic agreement. “First Wind was one of at least two clean-energy firms that state Attorney General Andrew Cuomo investigated last year after complaints about collusion between companies and improper dealings with local government officials.” Former U.S. Rep. Eric J. Massa (D-N.Y.) wrote to President Barack Obama, calling the grants “very alarming” and saying the company “abused the public trust” and had problems with U.S. tax dollars going to what he called “shell companies” for First Wind. Massa noted, “First Wind is under investigation by the New York Attorney General’s office for alleged corruption. The actual appropriation is going to Canandaigua Power Partners and Canandaigua Power Partners II, subsidiaries of First Wind.” “This is one of the most volatile issues in Western New York, and the award of $74.6 million dollars to corrupt companies that have changed names time and again, forming new LLCs and new Inc’s but maintaining their business model of lie, cheat, and corrupt at the expense of taxpayers, has stirred great unrest in New York’s 29th Congressional District,” Massa wrote to the president. First Wind CEO Paul Gaynor, a former Enron executive, responded in a letter to Obama, saying that First Wind’s New York wind farms have produced 133,370-megawatt hours of clean, renewable energy, but never provided any proof of his claim. How does a company like First Wind gain favorable benefits and access to energy policy? Reporter Naomi Schalit of the Maine Center for Public Interest provided some insights in the article, Ex-PUC head enriched by utility company. “While he was Maine’s chief utilities regulator, Kurt Adams accepted an ownership interest in a leading wind energy company . . . A recent First Wind filing with the federal SEC for 2009 shows Adams’ $1.3 million compensation included $315,000 in salary, $658,000 in stock awards, $29,000 of “other” compensation and $315,000 in “nonequity incentives.” The latest First Wind SEC filing attempts to downplay the conflict of interests and breach of ethical conduct of Mr. Adams. Their explanation does not pass the smell test. Such suspect business practices are standard behavior for First Wind. It has a long history of using political insiders to gain special treatment. Documented in the Citizen Power Alliance essay, Industrial Wind and the Wall Street Cap and Trade Fraud is the dark origins of First Wind, previously called UPC. The Boston Herald asked Brian Caffyn, founder of UPC/First Wind, about the arrest for fraud of his former Italian wind developer partner Oreste Vigorito. “I read about it in the papers, and I was very surprised,” Brian Caffyn said from Hong Kong where he is in business with Chinese interests. The political cronyism between First Wind and the Obama administration extends to Rahm Emanuel and Larry Summers and their involvement with the primary ownership interests of First Wind, hedge fund DE Shaw and private equity firm Madison Dearborn. Documented sources within the CPA article substantiate the trail of money and influence that flows from this wind developer to the highest levels of government. New York State a den of thieves NYS operates as if it is a suburb of Chicago. IDA (industrial development agencies) sell tax exemptions, state agencies ignore their own policy regulations to advance wind development, the attorney general office looks the other way when conflict of interest practices lead to criminal conduct and local public officials routinely take bribes for their vote and support of specific projects. With each complaint to the Public Service Commission, the PSC bends over backward to have First Wind cover their paper trail discrepancies or modify their filings. Governor Paterson’s State Energy Plan calls for a ” ’45 by 15′ clean energy goal would reduce the amount of electricity used in 2015 by 15 percent below forecasted levels, while simultaneously meeting 30 percent of the State’s remaining electricity needs through renewable resources.” First Wind is in business to claim their share of the booty. REC credits (renewal energy certificates) are the new coin of the realm. It makes little difference if actual electricity is generated into the grid for sale to reap the financial rewards of this slight of hand deception. Carved in stone is a history of NYS favoring NYC over upstate. The latest insult is the Power for Jobs hoax. The Buffalo News describes this initiative, “The agreement between Paterson and the Senate leaders would set aside slightly less than a third of the electricity — at least 300 megawatts of the 910 megawatts available through the expanded Power for Jobs program — for upstate businesses served by National Grid, New York State Electric & Gas Corp. and Rochester Gas & Electric.” The allocation difference goes to NYC. Assembly representative Joseph Morelle, opposition states, “it takes low-cost hydropower from Rochester and Upstate New York and ships it downstate . . . This proposed shift would result in an increase of approximately $80 to $125 per year on the bill of the average RG&E residential customer.” What does Western NY get out of this shady deal? You guessed it, more industrial wind turbine disasters from developers like First Wind so they can erect their unsuccessful projects using out of state labor or even undocumented foreign workers. The fallout from the Cohocton Project is a horror story in its own right. Real estate values plummet; sales of properties are non-existent, “Wind Syndrome” health issues abound, an OSHA investigation of a construction crane collapse and final abandonment of residences because of low frequency noise, shadow flicker and safety risks prevent continued use of one home. The tragic destruction of pastoral communities from insane government policy would fill volumes of books. Most people will never show concern for rural areas or even the corrupt business practices of crooked wind developers. First Wind is just the best example of the unholy alliance and revolving door of crony capitalism that is driving up the costs of electricity beneath the lies of “Greening America” and job promotion. The public is asleep. Their righteous outrage is long overdue. It is time to clean up the system from the dishonesty of industrial wind developers. “Although our name has changed, our core values remain the same” said Paul Gaynor, President and CEO of First Wind. ________________________ _________ Now we know why they forced out Massa.   
50 posted on 11/17/2011 9:10:18 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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