Development Team

The Loring Energy Projects are being developed by Loring Holdings, LLC. The developers have assembled a group of companies, firms and individuals dedicated to the redevelopment of the Loring Commerce Centre.

Loring Holdings - Executive Team

hayes gahagan - managing member

Hayes Gahagan is a Managing Member of Loring Holdings, LLC. He is the founder, lead entrepreneur, principal developer and an owner of the Loring Energy Projects at the former Loring Air Force Base in Limestone, Maine. As Managing Member, Mr. Gahagan is responsible for day-to-day management of technical, economic, environmental, legal and regulatory matters for the project owners.  As a former legislator, he has been involved in various business-related assignments, including drafting of legislation, presentations at legislative hearings, special boards and commissions, and Governors advisory groups with specialty focus on U.S., New England and Maine energy policy, environmental affairs and economic development.  Mr. Gahagan was elected to the Maine House of Representatives and the Maine Senate, serving as a member of the Joint Standing Committee on Appropriations and Financial Affairs.  Mr. Gahagan received his BA and MA from the University of Maine and completed graduate studies in International Law and Economics at Manchester College, Oxford.


Bill has served as legal counsel to the Loring Energy Projects since 2007.  He is one of Loring Holdings, LLC’s two Member Representatives and serves as Secretary of two wholly-owned subsidiaries, Loring Transmission, LLC and Maine Power Express North, LLC. Bill received his Juris Doctorate degree from Brooklyn Law School in 1993. While at Brooklyn Law School, Bill focused his attention on estate planning, business planning and taxation courses.  Bill was awarded the American Jurisprudence Award for Future Interests for excelling in his coursework. He has practiced law in Kennebunk, Maine since 1993. In 1999, Bill became a foreign legal consultant in Québec, Canada. In 2004, he started serving clients in Northern Aroostook County from an office in Fort Kent, Maine. Most recently, Bill opened an office in Hampton, New Hampshire to serve clients from New Hampshire and Massachusetts. As a Member Representative, Bill’s responsibilities include oversight of legal and administrative matters.


Ryan has served as project manager for the Loring Energy Projects since 2012 as the owner and managing member of Treadwood, LLC ( Ryan develops economic models, manages Maine Public Utilities Commission (MPUC) regulatory proceedings, drafts proposals, motions, reports and other filings, conducts research and analysis on Maine and New England energy matters, performs geospatial research and mapping, participates in regional energy industry organizations, manages the Loring Energy Projects PR, communications and IT, and interfaces with outside engineering, permitting and regulatory consultants and attorneys. He received his BA in Communications from Gordon College in Wenham, MA in 2002 and is based in Portland, ME. 

Legal Team - Rich May Law

emmett lyne, Esq.

B2B - Emmett E. Lyne is a Managing Director and member/shareholder of Rich May Law. (Website) Mr. Lyne concentrates on corporate, regulatory and finance matters for a variety of corporate, charitable and individual clients. He has served as lead counsel for multi-billion dollar projects for major institutional clients as well as for multiple private and start-up companies and funds. (Profile)


Theodore Lund. ESQ.

B2b - Theodore A. Lund is a Shareholder and member of the firm’s Business, Corporate and Securities Group. Ted represents startup and more mature companies through all phases of their growth process, including incorporation and initial funding; creation of employee stock and other incentive plans; angel, debt, venture and private equity funding; strategic acquisitions; and exit transactions. He also counsels companies on a variety of employee matters, strategic partnerships, licensing and other events critical to continued growth and success of his clients. (Profile)


Real Estate - James M. Behnke, a member/shareholder of Rich May Law, concentrates on the legal issues and problems associated with energy and telecommunications facility siting. Jim has acquired extensive knowledge and expertise in areas of federal court jurisdiction, pipeline and LNG safety, federal and state land use and environmental regulation, municipal law, real property and tidelands and water law, right of way and land acquisition and federal and state eminent domain laws relating to energy and telecommunications facility siting.  (Profile

Engineering and Market Consultants


The James W. Sewall Company (Website) is a Maine-based integrated team of geospatial, engineering and natural resource consultants who partner with clients to create practical, sustainable solutions. Sewall builds enduring relationships built on integrity, objectivity, and a broad understanding of evolving client needs. Sewall’s land-owner relationships will provide great value to the Loring Energy Projects.

Ken Borneman - standard energy group

Ken Borneman’s thirty nine years’ experience and proven track record in the manufacturing power industry, provides the necessary skills to be particularly effective for his clients. With thirteen years of independent energy consulting, thirteen years in the private Power Production supply and twelve years in the specialty board pulp and paper, mills steam and power supply, he has the expertise to meet the ever changing needs of today’s total energy and power requirements within the industry. From project design, business and management development, and contract negotiations, to O&M, fuel procurement, environmental compliance, engineering, accounting, and project oversight, Ken provides a realistic and productive approach to his customers needs. Maintaining efficient productivity through experienced management knowledge, professional diligence, technical skills and a hands on approach, Mr. Borneman provides his clients with the foremost quality product.


A Maine-based civil engineering and construction firm, the Sargent Corporation (Website) has an excellent track record of project delivery and safety. In New England, Sargent has constructed the civil infrastructure (access roads and crane pads) for 90% of all the wind energy projects that are currently operating or under construction, most of which are located in Maine. This local, hands-on experience will be a strong benefit to the MPX Project.

Strategic Partners

Loring Development Authority

The Loring Development Authority of Maine (Website) has been a strategic partner of Loring Holdings and its affiliates for several years. As an agency of the State of Maine, the LDA is charged with the development of the Loring Commerce Centre and is a strong partner dedicated to the success of the Loring Energy Projects.

Home   |   News