The Berlin Daily Sun, Wednesday, August 31, 2011

Page 1

WEDNESDAY, AUGUST 31, 2011

VOL. 20 NO. 96

BERLIN, N.H.

752-5858

FREE

Cate Street Capital expects to meet Board financing deadline for biomass plant spends BY BARBARA TETREAULT THE BERLIN DAILY SUN

BERLIN -- Cate Street Capital yesterday was in the process of closing on its financing for the 75-megawatt Berlin station biomass plant. The settlement agreement Cate Street Capital reached with the six wood-fired Independent Power Producers called for financing to be completed yesterday. Late yesterday afternoon, Company President John Halle said he expected to meet that deadline, although he said it would probably be next Monday or Tuesday before the paperwork was all done. He noted Cate Street Capital has been work-

ing on the financing for over a year. Halle said Cate Street Capital does not have to wait for the Public Utilities Commission to rule on the power purchase agreements reached between the IPPs and Public Service of N.H. Next week, he said Babcock and Wilcox will set up shop on the site in the old warehouse to get the construction phase underway. Babcock and Wilcox built the chemical recovery boiler that is being converted into a wood-fired biomass plant. The company is serving as the engineering, procurement, and construction firm for the project. see FINANCING page 6

two hours debating personalities, process BY MELISSA GRIMA THE BERLIN DAILY SUN

GORHAM – The Gorham Planning Board spent two hours discussing the process for moving John Losier’s application for a minor lot line adjustment forward, but in the end continued the matter for two more weeks, last Thursday evening. Losier has applied for a lot line adjustment involving 10 of the lots in his subdivision “White Birch Acres” off of Route 16 north of town. Mr. Losier’s application for a minor lot line adjustment was heard on July 28, but at that meeting the board see DEBATING page 7

Cate Street Capital signs agreement to purchase two Maine paper mills BY BARBARA TETREAULT THE BERLIN DAILY SUN

Lancaster Play and Learn Center is the latest Coös County child care center to join the ranks of those earning “Licensed Plus” status. Here Director Amy Graham enjoys some play time with her young charges. See story page 5.

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BERLIN -- Cate Street Capital, which made an ultimately unsuccessful bid to purchase the Gorham paper mill, has an agreement to purchase two paper mills in Maine. Cate Street Capital President John Halle said his experience with the Gorham mill spurred him to take a look at the Maine mills. The Portsmouth-based company, which is developing the Berlin biomass plant, has signed an asset purchase agreement to buy the Millinocket and East Millinocket mills in the Katahdin region. The deal see AGREEMENT page 6

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