Solar Energy

Matinee Energy? Power Co-Op Isn't Buying It; Proposed Benson Solar Farm Reportedly too Big for Nearby Lines

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This big-time photovoltaic-panel solar farm will evidently be the first successful project of any kind for either Matinee or Zentric.

The latter firm, according to Securities and Exchange Commission filings, is a financially shaky, would-be high-tech battery company. Prior to wanting to manufacture batteries, the company was formed in Nevada in 2008 as Constant Environment, which aimed to develop "microclimate" technology to protect valuable artifacts, but has yet to produce anything other than debt.

Matinee, as we explained in our March 6th post, claims to own 15 solar plants -- but refuses to give any details about them, including the locations. While the company hides the sort of information other solar companies brag about, critical articles about two of Matinee's founders, Christopher and Michael Pannos, are easy to find on the Internet.

Christopher Pannos was behind a bogus Arizona gold-mine scheme in the 1980s.

Michael Pannos, called the chairman of Matinee in a 2010 news release, is a former chairman of the Indiana Democratic Party tied to an East Chicago firm that was sued in 2010 by that state's Attorney General's Office.

East Chicago Second Century, shut down last year, "siphoned millions in public casino revenue for which there has been no public accounting," wrote Marc Chase of the Times of Northwest Indiana in an October 2010 article about Pannos' financial problems. The article mentions that Pannos lost a million-dollar home in the Las Vegas area on August 24, 2010, in a foreclosure sale. The address of the home, 5646 Agate Avenue, has been used as an address for Matinee Energy as well as corporations called Matinee Oil and Matinee Development, Flagstaff, LLC.

Pannos is also linked to a trash-to-ethanol scheme proposed for Schneider, Indiana, that has been the subject of criticism and public debate. The ethanol-making plan has some similarities to the ambitious Matinee project in that it has no obvious funding source.

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Ray Stern has worked as a newspaper reporter in Arizona for more than two decades. He's won numerous awards for his reporting, including the Arizona Press Club's Don Bolles Award for Investigative Journalism.