BREAKING NEWS: Heat back at Hampden plant
SOMESVILLE, Dec. 6, 2021 - The Municipal Review Committee announced today it has reached agreement with Bangor Natural Gas to turn the gas back on at the defunct Fiberight plant in Hampden. It did not disclose the financial terms.
MRC also announced that a “credible offer” was submitted several weeks ago to buy the plant and that it’s now in the hands of the bondholders. “We have received very little communication from the Bondholder Trustee regarding whether it will be accepted or not. The MRC Board is meeting tomorrow to discuss options to address the Trustee’s inaction.”
MRC also disclosed that it may not be on the same page as the bondholder concerning the future of the plant.
“Beginning with strongly urging the Bondholders to keep the plant intact and resist the expedient move of dismantling the machinery and selling it off in pieces, the MRC is continuously working to preserve this asset (the plant) so that it may be sold and restarted. Keeping the plant fully winterized is part of that work, as is keeping the needs and wellbeing of our members front of mind as we work toward reopening the plant.”
The bondholder trustee is overseeing the disposition of the plant with Fiberight in receivership. MRC previously considered Fiberight and Delta Thermo Energy, its second selected operator who wasn’t able to get financing, to be credible.
MRC is the agency which owns the land under the Hampden plant and manages waste disposal for 115 towns in Maine.