Laidlaw Completes Acquisition of Berlin, New Hampshire Pulp Mill Facility and Closes Related Financing for 66 Megawatt Biomass Energy Project

NEW YORK--(Business Wire)--
Laidlaw Energy Group, Inc. (Ticker Symbol "LLEG"), through its affiliate,
Laidlaw Berlin BioPower, LLC ("Laidlaw"), announced today that it has completed
the acquisition of the former Fraser Paper pulp mill site where it has been
engaged for the last two years in the development of a 66 megawatt
biomass-to-energy project, along with the requisite financing for the
development of the project.

"The complex history of the facility, which has been an industrial site for over
100 years, along with the many complexities associated with a project of this
size and scope added significant time to our acquisition and financing
negotiations," stated Michael Bartoszek, Laidlaw Energy President and CEO. "We
are pleased to have concluded this transaction, which will allow these assets to
be put to good use in support of clean energy and the economic recovery of the
North Country," stated Bartoszek.

The Berlin Project involves the conversion of the boiler and related equipment
situated at the former Fraser Paper pulp mill site into a highly advanced
biomass-to-energy project. Power from the Berlin Project is expected to be sold
to the Public Service Company of New Hampshire ("PSNH") pursuant to a long-term
agreement. Laidlaw announced in September that is has reached agreement with
PSNH on the material terms of a contemplated 20 year power purchase agreement.

"Now that the acquisition and financing have closed, the next step will be to
apply for our permits with the New Hampshire Environmental Facilities Site
Evaluation Committee," stated Lou Bravakis, Laidlaw`s Vice President of Planning
and Development. The permitting process if expected to take nearly a year. The
projected commencement of commercial operations is currently slated for late
2010.

The Berlin Project is expected to utilize approximately 700,000 tons of clean
wood biomass chips per annum and is expected to directly employ 40 skilled
workers and create or support over 500 indirect jobs associated with wood chip
supply and transportation. Requiring a capital investment of over $100 million,
the 66 megawatt plant is expected to be among the largest and most
environmentally advanced biomass-energy plants in North America.

About Laidlaw Energy Group

Laidlaw Energy is engaged in the development of independent power plants that
generate electricity from renewable resources, with a particular emphasis on
biomass power. Laidlaw Energy's mission is to build and manage a profitable
portfolio of biomass facilities through the development of new facilities and
acquisition of existing facilities, and in so doing become the leading supplier
of biomass power in the United States. Laidlaw Energy is headquartered in New
York, New York. For more information, please visit our website at
www.LaidlawEnergy.com.

This communication contains statements expressing expectations of future events
and/or results which may include, without limitation, statements concerning
anticipated financial performance, business prospects, technological
developments, potential markets, new products, research and development
activities and similar matters. Such statements constitute forward-looking
statements made pursuant to the Safe Harbor provision of the Private Securities
Litigation Reform Act of 1995. All statements based on future expectations
rather than historical facts are forward-looking statements that involve a
number of risks and uncertainties, and Laidlaw cannot provide assurance that
such statements will prove to be correct. Laidlaw undertakes no obligation to
update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.

Laidlaw Energy Group, Inc.
Michael B. Bartoszek, 212-480-9884
info@LaidlawEnergy.com

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