February 9, 2024 — Today the Burgess BioPower plant in Berlin filed for Chapter 11 bankruptcy. The announcement came after Eversource failed to make scheduled payments to the power plant, which caused Burgess to terminate their power purchase agreement with the utility. The NHTOA hopes the restructuring that is part of a Chapter 11 filing provides an opportunity for the Berlin facility to develop a long-term, sustainable operating plan that will provide a stable market for timberland owners and the forest products industry. As the single largest wood-burning facility in the state of New Hampshire (it consumes between 500,000 and 800,000 green tons of biomass wood chips), the continued operation of this facility and the market it provides for low-grade timber and sawmill waste is critical to health of the entire wood supply system.
NHTOA Executive Director Jasen Stock spoke with Burgess BioPower’s wood supplier, the Carrier Group, and was assured wood suppliers can be confident they will continue to be paid for wood delivered. Anyone with questions about wood supply should contact Richard Roy at 603-533-0753
The financial restructuring will take place in Delaware. Burgess is optimistic the process will be resolved within the next 6 to 12 months. In the meantime, the facility plans to continue operating, as they are working with their lenders to maintain operational continuity. Any questions related to the restructuring or power plant operations should be directed to Sarah Boone, Senior Vice President, Corporate Affairs, 207.358.2104 or email@example.com
For more information see Mara Hoplamazian’s story at NHPR