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Restricted Cash
3 Months Ended
Mar. 31, 2014
Text Block [Abstract]  
Restricted Cash

Note 4 – Restricted Cash

At March 31, 2014 and December 31, 2013, the Company maintained a restricted cash balance of $1.1 million and $1.1 million related to the Company’s Sun Life debt covenants. See the Sun Life Debt Covenant section of Note 5 - Credit Facilities and Long-Term Debt for more information regarding these restricted funds.

At March 31, 2014, the Company has an additional restricted cash balance of $0.9 million. This balance represents a deposit paid to Bangor Gas, a subsidiary of the Company, by Verso Bucksport Power LLC (“Verso”) as a condition of transferring to Verso a gas transportation service agreement previously between Bangor Gas and H.Q. Energy Services (U.S.) Inc. (“HQUS”). Bangor Gas is restricted from using these funds unless and until a default under this agreement has occurred. This deposit will be refunded to Verso at the termination of the gas transportation service agreement.