From Deseret News archives:
N.Y. firm to lend $3.5 billion for Idaho N-plant
Cobblestone Financial Group, in the Erie Canal town of Fairport, N.Y., has given Alternate Energy Holdings a letter of intent "to fund 100 percent of its proposed Idaho Energy Complex" on 4,000 acres in Owyhee County near the Snake River, an official with the Idaho project said Wednesday.
According to Cobblestone's Web site, the company focuses "on complex and troublesome commercial real estate loans," including for "condotels," miniwarehouses, self storage, mobile-home parks, bed and breakfasts and gas stations.
Don Gillispie, chairman of Virginia-based Alternate Energy Holdings, conceded he hasn't met personally with Cobblestone's chief executive officer M. Lyndon Matteson or with its vice president, Robert Jackson, to arrange the transaction. Still, Gillispie trusts them because he knows Matteson "through a family friend, who grew up with him," he said.
"They (Cobblestone) sent me a letter, saying they had investors," Gillispie told The Associated Press on Wednesday. "This is a whole new thing for them. I have a letter that says they'll do it, they've talked to the people who will lend the money, and they're willing."
Concern over America's energy independence and greenhouse-gas emissions that cause global warming has fueled renewed interest in nuclear power.
Still, many expect new reactors will be built by a well-financed utility or utility groups not a tiny startup like Alternate Energy Holdings whose shares trade on a stock exchange for companies that don't meet NASDAQ capitalization requirements and aren't required to disclose their financial information.
The U.S. Nuclear Regulatory Commission in Washington, D.C., which regulates about 100 U.S. nuclear power plants, keeps a list of expected new applications to build a nuclear plant. The list now numbers 17 companies, including Duke Energy, with $15 billion in annual revenue. Alternate Energy Holdings isn't on the list.
Comments
- Grizzlies lend forward to AHL team 2:06 a.m.
- Basic Sports Training clinic Saturday 2:06 a.m.
- Tony Finau reaches Big Break finale 2:05 a.m.
- Chicken-lovers dance for free food 2:02 a.m.
- Kansas' Secret Santa gives away $ 1:24 a.m.
- 75 hostages seized in Phillippines 1:24 a.m.
- Gates: US to be Afghan partner 1:23 a.m.
- Al-Qaida claims credit for blasts 1:23 a.m.
- Utah Utes campus briefs 12:39 a.m.
- SUU campus briefs 12:37 a.m.
- Hot Rod behind mic for Lakers
- Max Hall wants to look ahead
- Cougars use depth to beat ASU
- Panel passes BCS playoff bill
- Non-BCS schools not given fair shot
- Crash landing next to I-15
- Psychologist: Mitchell schizophrenic
- Palin signs books, chats with fans
- Snow brings big chill
- Jazz go up against 'the best'
- Letters: Global warming a lie
229 - TCU to play Boise in Fiesta Bowl
206 - BYU football: Bronco weighs in on Hall
184 - Cougars going back to Vegas
150 - Utah/BYU rivalry can be more civil
147 - Andersen apologizes for Jordan hoax
138 - Max Hall wants to look ahead
119 - Revive full food tax?
100 - Yet again, we learn BCS is a big joke
94 - Palin signs books, chats with fans
94
Love him or hate him, Utah Sen. Orrin Hatch knows how to get attention.
Top 5 Players in minutes played: Utah 1 Fr, 2 Jr, 2 Sr Jr Carlon Brown...
Yep "self righteous" if the rest of us who don't rubber neck left, you would...
Thank you for keeping the team here for all of these years, and for always...
of misery, inconsistency, road games losses and of course, NO TITLE ! Long...
Glad to hear about Matt and the others who demonstrate you can play at a high...
I guess they forgot that God made clothes for Adam and Eve and that was...
and good luck.
There is an inherent problem in any rating system -- it takes into account...
Give Phillips some credit. He was 5/5 in field goals in the YBU game, and the...
Mr. Bender's kind of thinking doesn't even acknowledge that the world is...



You can be the first to comment on this story.