Recently, Ferriter Scobbo assisted a municipal light department in negotiating an eleven 1 year power purchase agreement for 100% of the output of a hydro generating facility in New Hampshire. The new agreement lets the client continue to expand and diversify its energy portfolio while providing competitive rates to their customers.
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February 05, 2014
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January 30, 2014
A program designed to ensure ISO New England has enough generation to meet peak demand during the winter months allows ISO participants to bid on providing, storing it, and then using it to generate electricity during peak times throughout the winter. Our client was a successful bidder. Ferriter Scobbo helped our client hedge the price of the oil it purchased so as to protect its downside risk through a derivative hedging agreement.
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January 15, 2014
Michael Vhay is one of NAIOP’s 2014 Energy & Infrastructure Committee Co-Chairs. The committee focuses on issues surrounding transportation, infrastructure financing, tax, climate change and energy.
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January 14, 2014
A local municipality considering bringing natural gas to the town adopted the vote we drafted at a special town meeting. The affirmative vote was well in excess of the required two-thirds. This is the first of two required votes. The municipal gas service would be operated under the town Municipal Light Board, changing the structure to a municipal gas and light department.
This vote must be followed up with a second special town meeting, two-thirds approval, for the study anytime between February 2014 and January 2015.
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January 09, 2014
Ferriter Scobbo worked with its client on drafting a 25 year power purchase agreement for power generated by First Wind. The fixed price agreement is for 75% of the power to be generated from a 51 Megawatt wind farm in Maine. The arrangement will bring clean, renewable energy to 17 different Massachusetts municipal utilities.
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January 07, 2014
Attorney Michael Vhay will be speaking about Communications to a group of Environmental Business Council members at an upcoming EBC New England Event.
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December 20, 2013
Jeb, an attorney with Ferriter Scobbo for the last 6 years, has accepted an in-house position with The Vertex Companies, Inc as Vice President and Chief Counsel. Jeb and the firm have worked with Vertex on a number of matters throughout the years and we know Jeb will continue to do so in his new position.
Best of luck, Jeb!
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November 25, 2013
Hanover, MA’s consideration of creating a municipal utility has been earning them some press. You may have already read about how Hanover is mulling over its options: stay with National Grid, or develop their own utility.
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November 13, 2013
Are you set up for a safe exit?
In the Boardroom: Why Agency Owners Need a Buyout Agreement
This week, The Standard, a publication for insurance agents, published an article by Rob Granger. You can view the article here (pg 18).
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November 12, 2013
Hanover, MA weighs the options of creating a Massachusetts municipal power utility. In a presentation to the Board of Selectman, Nick Scobbo reviewed the procedures for such a project. You can read about the meeting in the local newspaper coverage, here.
