Free Republic

RENO, Nev. (AP) — A federal appeals court has lifted a temporary ban on construction of a Nevada geothermal power plant opposed by a tribe and conservationists who say the site is sacred and home to a rare toad being considered for endangered species protection. U.S. District Judge Robert C. Jones in Reno had granted the 90-day injunction last month sought by opponents of Ormat Technologies’ Dixie Meadows project at the high-desert site bordering wetlands fed by hot springs east of Fallon. A two-judge panel of the 9th U.S. Circuit Court of Appeals in San Francisco issued a one-page ruling...

I just wrote a check this morning for my monthly power bill, made payable to American Electric Power (NYSE: AEP) in the amount of $260.02.  I'm not alone. AEP serves five million residential and business customers in 11 states.  Rain or shine, that's five million checks that pour in each month. They add up fast. AEP's utility segment collected $14 billion in revenue in 2011. But on closer inspection, the company only retained $2.8 billion in operating profits. Where did the other $11 billion go? Well, nearly half ($4.4 billion) was spent on fuel needed to run the firm's power...