Posts tagged: wind energy
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.
When lawmakers were considering the fate of Idaho's renewable energy sales tax rebate, a lobbyist for a major wind developer told them that without it, hundreds of millions worth of his company's projects in Idaho would be canceled. The rebate was killed by one vote in the final moments of the session, but the wind energy firm has retreated from the threat. AP reporter John Miller reports that the brinksmanship is nothing new to the Idaho Legislature, especially when millions are at stake - grocery chain Albertson's Inc. did it in 2005, threatening then-Gov. Dirk Kempthorne's administration it would move elsewhere without lucrative concessions. Lawmakers went along, but Albertson's was sold just months later to an out-of-state competitor. Click below for his full report.