Free Republic

Ormat project to create nearly 400 jobs in Northern Nevada September 23, 2011 Washington, D.C. – Nevada Senator Harry Reid today announced that the Department of Energy has finalized a partial loan guarantee for a $350 million loan to Ormat Nevada, Inc., that will create nearly 400 jobs and increase Nevada’s geothermal power production by almost 25 percent.  The Ormat geothermal plants supported by the loan guarantee are the Jersey Valley project located in Pershing County, the McGinness Hills project in Lander County and the Tuscarora project in Elko County. “Now that this loan guarantee is finalized, hundreds of Nevadans...

President Barack Obama will raise money in early October with a Missouri businessman whose company benefited from a $107 million federal tax credit to develop a wind power facility in his state. Tom Carnahan, a scion of Missouri’s most prominent Democratic political family, is listed on Obama’s campaign website as a host of a $25,000-per-person fundraiser to be held in St. Louis on October 4. Continue Reading His energy development firm, Wind Capital Group, was helped by a sizable credit authorized in the stimulus, for an energy project in northwest Missouri. Republicans argue that it’s inappropriate for the Obama campaign...

Wind power is not economically feasible. It is only a reality because of tax breaks and government subsidies, which are often the seed corn for political favoritism and cozy dealings.In Missouri, a company called Wind Capital Group (WCG) is more than well connected. In the photo to the right is the firm’s CEO is Tom Carnahan. His brother is Congressman Russ Carnahan (D-MO), and his sister is Robin Carnahan, the Missouri Secretary of State. His father was governor and his mother a U.S. Senator. WCG applied for a whopping $90 million in Obama’s stimulus package. In addition, WCG has successfully...