Posted on 12/31/2011 10:17:39 AM PST by hiho hiho
Idaho Power Co. told a southeastern Idaho polysilicon manufacturer that the utility could turn off its power by Tuesday if it doesn’t pay an electricity bill from November.
Honolulu-based Hoku Corp., which has survived so far with help from Chinese financiers, lodged a formal protest with Idaho Public Utilities Commission regulators after getting a termination of service notice on Dec. 22.
When Hoku missed the Dec. 21 payment, Idaho Power sent a notice that power would be shut off on Jan. 3 — unless Hoku came up with the money.
“The fact of the matter is, Hoku has missed a payment it owes to Idaho Power and has failed to provide ... any assurance that such a payment will be forthcoming,” Idaho Power wrote, demanding that commissioners dismiss Hoku’s complaint. “Idaho Power has concerns that if the commission allows the Hoku complaint to run the usual course ... Hoku could potentially become millions of dollars delinquent in amounts it owes.”
Earlier this month, Hoku announced that its chief financial officer was resigning. Its net loss for the three months ending Sept. 30 increased fourfold from the year earlier to nearly $8 million, as costs to commission the plant rose and it paid $3.5 million to Idaho Power to fulfill its electrical service agreement.
(Excerpt) Read more at idahostatesman.com ...
Solar ping
This is a clear case of Big Fossil Fuel Electricity shutting down the sustainable competition!! Occupy Poky!!
</sarc>
Well hey, just take some of those solar panels they’re producing and put them on the roof. Problem solved.
Just down the road from ya...can you help them out with this payment?
Evidently, “Hoku” is Hawaiian for “deadbeat”.
No pay haole bill, no play green energy company.
SO, they begin eating their own.............
Oh, this is rich. The “future” of power generation has to rely on those EEEEVIL fossil fuels to make their product. I say IP should pull the plug on these deadbeats.
“Hey Ubama, where’s that Solyndra dough you promised?”
Shut them down. No sense in consumers paying the bills of deadbeats
Hoku is owned by China? Hey Chinapay the bill!!!
No. The construction people are milking this job. Typical. It’s 220 jobs for locals if they ever finish. Silicon solar cells.
Silicon solar cells are dead end technology for any practical, cost effective consumer power.
Green energy may have a future, but investing in silicon cells for cheap consumer power is like investing in buggy whips in 1910 because you envisioned a bright future for the transportation industry.
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