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Gold/Mining/Energy : LNG -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (546)	12/4/2005 6:06:41 AM
From: Dennis Roth	Respond to of 919

University of Maine Study Supports Economic Benefits of Downeast LNG Import Terminal Released 12/2/05 business.mainetoday.com ROBBINSTON, Maine - A study issued today by the Department of Resource Economics and Policy and the Margaret Chase Smith Center for Public Policy at the University of Maine makes it clear that an LNG import terminal proposed by Downeast LNG will bring substantial economic benefits to Washington County and the State of Maine. "We are committed to bringing good jobs and sustainable economic activity to Washington County, which is why we asked the respected researchers at the University of Maine to substantiate and quantify the benefits of our project," said Dean Girdis, president of Downeast LNG. "Their analysis makes it clear that the economic benefits of our facility would be significant during construction and over the life of the project." Downeast LNG has projected that its project will create approximately 300 jobs during construction and 78 permanent jobs once the terminal facility is operational. The UMaine researchers determined the total impact of the project, including direct and indirect jobs, would be substantial: 1,053 jobs per year statewide during the anticipated three-year construction phase, with $42.9 million annually in wages and benefits 375 of these jobs would be in Washington County, with $15.3 million per year in income to local workers. 253 jobs statewide after the plant is operational, with $10.7 million per year in wages and benefits. 187 of those jobs would be in Washington County, with an estimated income of $8.1 million annually to local workers The researchers also determined that the proposed facility would create significant tax benefits, including $1.3 million in state personal income taxes and $1.3 million in state sales tax during construction. Once operational, the company would pay between $625,000 and $1.8 million in corporate income taxes and workers supported by the facility would pay $539,268 in personal income taxes. The project would also provide significant new property tax revenue to the town of Robbinston. Girdis said that he and his team are moving forward with the many different environmental and technical studies that are part of the permitting process, and that he continues to be pleased with the support he is receiving from area residents. "From the beginning, we have approached this project as a partnership with the people of Robbinston and Washington County," Girdis said. "The economic impact study by the University of Maine researchers reinforces the fact that the economic benefits from this partnership are real and long-term." The study is available on-line at www.umaine.edu/mcsc. # # # Contact: Dean Girdis (202) 249-9035 dgirdis@downeastlng.com Ted O?Meara 207-791-1461 207-653-2392 tomeara@pierceatwoodconsulting.com

To: Dennis Roth who wrote (546)	1/11/2006 5:24:18 PM
From: Dennis Roth	Respond to of 919

Voters approve allowing LNG terminal in town January 11, 2006 boston.com ROBBINSTON, Maine --The developer of a proposed liquefied natural gas facility said Wednesday he is pleased that townspeople have given their approval to his plan. Residents voted 227-83 at a special election Tuesday in favor of allowing a $400 million LNG terminal that Downeast LNG of Washington, D.C. hopes to build in this eastern Maine town. "We have said from the start that our project was a partnership with the people of Robbinston, and we have worked every day to earn their trust and support," said Dean Girdis, president of Downeast LNG. About 68 percent of the town's registered voters participated in the election. First Selectman Tommy Moholland said the vote validated selectmen's efforts. "I've been criticized quite a bit for saying that I was for it and it makes all the hard work that me and many other residents put into this worthwhile," he said. Downeast LNG is one of three companies proposing LNG facilities in eastern Maine. Its proposed facility would supply up to 500 million cubic feet of gas per day. Quoddy Bay LLC of Oklahoma is proposing a facility at Split Rock on the Passamaquoddy Tribe's Pleasant Point Reservation, while Maine-based Calais LNG has proposed building a terminal in Calais.