Laidlaw Energy Group

Chris Jensen for NHPR

A new biomass plant in Berlin is finally producing electricity for Public Service of New Hampshire under a controversial 20-year contract that a report says will cost PSNH ratepayers $125 million more than if the electricity was purchased on the open market...

That estimate came from the consulting firm of La Capra Associates which did the report for the state's Public Utilities Commission as part of a wide-ranging review of PSNH’s operations.

The Securities and Exchange Commission has charged Michael Bartoszek and the Laidlaw Energy Group – the original developer of the new biomass plant in Berlin - with insider trading.

In a filing Wednesday the SEC said Bartoszek failed in his obligation to publicly disclose the shaky financial state of his New-York based company before he sold his own stock.