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Industrial Wind

SEC First Wind IPO

PLEASE use the below SEC complaint form to express the reasons why First Wind (now calling itself for this IPO filing - First Wind Holdings Inc.) should be prevented from being approved for a NASDAQ public offering.

It is crucial that you write a response OR copy and paste one of the following objections to the questionable business practices of First Wind (aka UPC Wind). 

1)    First Wind is under criminal investigation by NYS Attorney General Andrew Cuomo for allegations of improper dealings with public officials and anti-competitive practices.

2)    Alleged fraudulent representations within the SEC filing of factual assertions and claims. Details and documentations provided upon request.

3)    First Wind is a named party in an eminent domain lawsuit and colludes with the Town of Prattsburgh, NY supervisor to illegally condemn private property for their wind project.

4)    First Wind is a named party in three lawsuits by the Naples School District and the Prattsburgh School District.

5)    First Wind is a named party in legal action over  the Lackawanna, NY Steel Wind project.

6)    Alleged Anti-trust collusion with other industrial developers for the purpose of market allocation and conspiracy to restrict or eliminate competition.

7)    Alleged fraudulent environmental quality reviews submissions and deceptive studies intended to mislead government agencies.

8)    Alleged filing of false instruments, larceny, perjury, and mail fraud.  Documentation and supporting testimony available.

9)    Alleged bribery of public officials. Ongoing criminal investigation supports the independent documentation of public corruption induced by questionable business practices by the wind developer.

10) Alleged conspiracy to defraud taxing authorities. Documentation available on pattern of misrepresentations in governmental filings and false claims to secure tax subsidies.

The next url is a copy of the SEC filing application by First Wind Holdings. Please read.

PLEASE send in the Enforcement Complaint Form to the SEC.  This is a real opportunity to derail any public offering, especially since the NYS AG investigation is ongoing.

James Hall for CWW


The below article is the press release of the SEC public offer application and IPO.


We've just seen a filing for an initial public offering from First Wind Holdings Inc., which  looks actually to be a holding company that owns class A and class B "Units" of First Wind Holdings, LLC.  First Wind has applied to take the ticker WNDY on NASDAQ.   As per the company name, the company is involved in WIND ENERGY.

For filing purposes it has listed the amount of $450 Million as the amount in shares that it intends to offer.  Underwriters are listed as Credit Suisse, Goldman Sachs, and JPMorgan.

Below is a self description of the company:
We are a leading independent North American wind energy company focused exclusively on the development, ownership and operation of wind energy projects. As of June 30, 2008, our portfolio of wind energy projects included approximately 5,564 megawatts ("MW") of capacity, of which 92 MW were operating and 182 MW were under construction. We expect to start construction on a 203 MW project in 2008 and, as a result, to be simultaneously constructing three wind energy projects representing 385 MW of capacity. Our goal is to have approximately 1,100 MW of operating capacity by the end of 2010 and we target the construction and commissioning of approximately 400 MW annually thereafter to achieve approximately 2,300 MW of operating capacity by the end of 2013. We have entered into purchase contracts for turbines with an aggregate generating capacity in excess of 1,300 MW, which are scheduled to be delivered or commissioned between 2008 and 2013. We expect this supply will be sufficient to meet all of our anticipated turbine needs in 2008 and 2009 and approximately 80% of our anticipated turbine needs in 2010.

Jon C. Ogg
July 31, 2008



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