Archaea Energy, Inc. (acquired Timberline Energy LLC)
Description
The Landfill Gas Purchase Agreement is a contract between Hernando County and Archaea Energy, Inc. (acquired Timberline Energy LLC) for the purchase of landfill methane gas generated at the Northwest Solid Waste Facility Landfill. The gas will be utilized as an energy source within Hernando County. The contract has a term of 20 years, starting from April 24, 2007, and ending on April 23, 2027. The county will immediately begin generating revenues of $2,000 per month until the landfill gas system is operational.
Key points of the contract include:
• The vendor is responsible for purchasing the landfill methane gas generated at the Northwest Solid Waste Facility Landfill.
• The gas will be utilized as an energy source within Hernando County.
• The contract has a term of 20 years.
• The county will generate revenues of $2,000 per month until the landfill gas system is operational.
• The contract was awarded to Archaea Energy, Inc. (acquired Timberline Energy LLC) through an unsolicited proposal.
The contract aims to provide a sustainable energy source for Hernando County while also generating revenue for the county.