Posts tagged: Exergy
Here's a news item from the Associated Press: BOISE, Idaho (AP) ― The owner of a struggling Idaho renewable energy developer who blames utilities for killing his business' projects now blames doping for forcing him to pull his sponsorship money from men's pro cycling. Exergy Development Group Chief Executive Officer James Carkulis says his company will end its three-year support of a men's cycling team. From his Boise offices, Carkulis issued a statement Tuesday accusing the cycling industry of failing to grasp the sport's “scandal and deceit.” Apart from Carkulis' ethical concerns, however, his business has been foundering. Exergy's problems include $323 million in suspended Idaho wind projects, loss of control of a Minnesota wind farm, federal lawsuits targeting it for not meeting financial obligations and the possible cancellation of two biogas-to-power projects amid a dispute with utility Idaho Power Co.
You can read more on this here from Velo News.
Here's a news item from the Associated Press: BOISE, Idaho (AP) ― An Idaho wind developer that's been tardy on some cycling sponsorship bills has made good on more than $27,500 owed Boise for charges related to the Exergy Tour. Boise spokesman Adam Park says Exergy Development Group president James Carkulis delivered the check in person on Thursday, to pay for police, among other things, during the May 24-28 women's professional race. The money includes Exergy's promised $1,000 contribution to a reward for recovering one team's stolen bikes. Parks says Boise is pleased with Carkulis' payment, and looks forward to another race next year. Exergy's tardy payments came as its business has grappled with regulatory uncertainty for Idaho alternative energy projects. The company suspended $323 million in wind projects and faces a federal lawsuit from Virginia's AES Corp. for missing turbine payments.
An Idaho wind developer that recently suspended projects and hasn't paid its professional cycling sponsorship bills faces a new challenge, the Associated Press reports: A federal lawsuit filed by a Virginia-based energy giant for missing millions in payments for turbines it agreed to buy less than four months ago. Exergy Development Group LLC of Boise failed to pay up to $37.9 million for 32 turbines that were to be transported to Idaho from Pennsylvania, according to the lawsuit filed by a unit of AES Corp. in U.S. District Court in Idaho; click below for the full report from AP reporter John Miller.