Posted on 01/01/2012 11:54:54 AM PST by Mustang Driver
Idaho Power plans to cut off electricity on Tuesday to plant in Pocatello, Idaho, that makes material for solar energy, because the factory owes $1.9 million in unpaid utility bills. The dispute is with Honolulu-based Hoku Scientific, Inc., which is backed by Chinese financing and enjoys federal and state incentives.
Officials for the utility said Idaho Power agreed to hold off until March on collecting the $1.8 million Hoku already owed, providing the company stayed current in its bills. It didn’t. That’s a telltale sign of trouble as thanks to hydroelectric plants and thermal energy, Idaho enjoys some of the lowest electric rates in the nation. The Associated Press reported the company’s stock now sells at “well below” $1 a share, down from a 52-week high of $3.24.
State and company officials were extremely upbeat when they announced the plans for the plant on August 30, 2006:
(Excerpt) Read more at blogs.dailymail.com ...
Yay! Just what we needed. More unemployment! YAY!!
Blame China for not paying their bills. How long do you think Idaho Power should carry them?
Not at all. They certainly don’t carry me. My son needs a job. Adding to the ranks of the unemployed here won’t increase his chances.
Maybe when China buys Idaho there will be full employment for all those willing to work for Chinese wages...and a few potatoes.
http://www.freerepublic.com/focus/f-news/2730360/posts
I didn’t think they were going to hire any of us ignernt hillbillies. I hered it was a gonna be all self contained. And I already work for potatoes. Small potatoes.
Mustang Driver
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