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Laidlaw Energy obtains California biomass plant

Nov. 11, 2011, New York - Laidlaw Energy Group Inc. annouced today that is has completed the acquisition of a 12.5 megawatt biomass-energy power plant located in Susanville, California by acquiring all of the equity interest of Henri Susanville LLC for cash and stock consideration.


November 11, 2011
By David Manly

Nov. 11, 2011, New York – Laidlaw Energy Group, Inc. announced
today that it has completed the acquisition of a 12.5 megawatt
biomass-energy power plant located in Susanville, California by
acquiring all of the equity interest of Henri Susanville LLC for cash
and stock consideration.

The sellers were Renegy Susanville, LLC which is owned by Renegy, Inc.,
an entity controlled by Robert
M. Worsley, founder and former Chief Executive of SkyMall, Inc., and
Nature Energies, Inc., which is owned by Hanalei
Renewables, a renewable energy company based in France. Both
companies will become equity holders in the Company and have certain
registration rights with respect to their stock subject to certain
selling limitations. Financial terms of the transaction were not
disclosed.

Commenting on the transaction, Laidlaw Energy President & CEO Michael
Bartoszek stated "We are pleased to have reached this agreement and
welcome our new stockholders. We are excited to be engaged in the
California renewable energy marketplace, a state that has enacted
legislation to obtain 33 percent of its energy from renewable resources
by 2020."

The Company is currently evaluating other potential acquisitions of
biomass energy facilities in the US, including California, although no
assurance can be provided that such acquisitions will be available on
terms and conditions acceptable to the Company.

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About Laidlaw Energy Group

The Company is engaged in the development of independent power plants
that generate electricity from renewable and other clean resources, with
a particular emphasis on biomass power and combined heat and power
projects. The Company is headquartered in New York, New York. For more
information, please visit our website at
www.laidlawenergy.com.


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