The Municipal Review Committee and USA Energy Group, the managing general partner of Penobscot Energy Recovery Co. (PERC), have withdrawn their lawsuits against each other. In addition, PERC and the Municipal Review Committee have agreed to end their contract in March 2018.
PERC will give the committee $600,000 in exchange for relinquishing the member communities’ abilities to “call” in their shares of PERC at the end of the contract and become partial owners of the company. In addition, past and future penalties from tonnage shortfalls will also be waived for the member communities.
CentralMaine.com has more:
The organization that represents the solid waste interests of more than 100 Maine municipalities and the owners of a waste-to-energy plant in Orrington have withdrawn their lawsuits against each other.
In addition, the Penobscot Energy Recovery Co., of Orrington, and the Municipal Review Committee have reached an agreement clarifying the end to their relationship in March 2018, according to a news release Thursday from Ted O’Meara, a PERC spokesman.