Hunter here is energy deal from Damian, seems there is some hair on the deal. Review it and let me know if you want more info etc. Thanks

An Energy Opportunity?
$1.5 Billion Federally approved LNG facility developed by AES – with PLA support from Big Labor - falls victim to 4th Circuit decision that gives O’Malley a clean veto on an otherwise federally preempted Clean Energy project that creates 500 union construction jobs.

Notable Stakeholders
AES Team Leader Ed Cahill (coincidentally his sister is longtime Kennedy/Kerry Chief of Staff Mary Beth Cahill, KO Public Affairs (Strategic Communications), Tim Perry (Lawyer, Government Affairs), Mike Powell (Environmental Counsel), and Maryland State Building and Construction Trades President Rod Easter.

Background
Over the past 5 years, AES, a global energy company, received numerous approvals for a Liquefied Natural Gas terminal and pipeline at Sparrows Point outside of Baltimore, MD.  A number of local and State officials, including outgoing Baltimore County Executive Jim Smith and Governor Martin O’Malley, remain in opposition to the project.  Despite a number of attempts to quash the clean energy project in Federal Court, the state and local government’s efforts to stymie the project where largely quashed under Federal preemption by the Natural Gas Act. Recently, however, a Fourth Circuit ruling authorized Maryland to exercise their Clean Water Act state authority.

The Choice
Governor O’Mallley had the best of both worlds until the 4th Circuit decision went in a universally unexpected direction. O’Malley could have fought against the project with NIMBYs and had it built by labor (not to mention making the Port of Baltimore a top priority energy port -- while having AES dredge and clean up the Chesapeake Bay) after all his frivolous appeals were exhausted in Federal Court.

Now he must choose: 500 new union clean energy jobs in an economically disadvantaged and swing political environment or upholding campaign rhetoric for NIMBYs.

The Opportunity
As a result of the recent court ruling, what many market analysts call Maryland Risk – a highly political and energy regulatory environment – has struck AES. AES was always interested in gas suppliers and development partners. It is my understanding that AES remains interested in potential investors and partners in the project.

Laird C. Bunch 

Owner and President

BFP Sotheby's International Realty | 5806 Kennett Pike Centreville, DE  19807 | Phone:302.654.6500 | Mobile: 302.275.0869 |  Efax: 302.397.2671

P Please consider the environment before printing this email.

The information in this electronic mail message is the sender's confidential business and may be legally privileged. It is intended solely for the addressee(s). Access to this internet electronic mail message by anyone else is unauthorized. If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it is prohibited and may be unlawful.