Company To Lease Land Along Snake River For Nuclear Power Plant
8 February 2007 SUNNY VALLEY NEWS (IDAHO) - Alternate Energy Holdings Incorporation (AEHI) announced thursday, 8 February 2007, that it has signed a lease agreement with an Idaho farmer to purchase 4,000 acres along the Snake River to build a 1,500 Megawatt nuclear reactor. The company claims they will use the energy to pump irrigation water, for Idaho’s energy grid, and to sell on the open energy market. Public Citizen Energy Program maintains the proposal is completely unnecessary to meet Idaho’s energy needs and could put local communities on the hook for millions. Michele Boyd, legislative director of Public Citizen’s Energy Program stated that “this land grab in Idaho by AEHI is obviously an effort to get in on federal taxpayer handouts... In fact, the billions in federal subsidies are not enough to make nuclear power cost-competitive, so those companies have snookered local communities into ponying up hundreds of millions more. I doubt that is what Idahoans have in mind.” Mr. Boyd is referring to the 2005 Energy Policy Act, which provides more than $12 billion in cradle-to-grave subsidies for new nuclear power plants.
Source: http://www.sunvalleyonline.com/news/article.asp?ID_Article=3042
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-Ryan
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