"AEHI is not who you think they are; project designed for sale"

[bananas]

Interesting letter to the editor, he goes into a lot more (water, jobs, etc):

http://www.mountainhomenews.com/story/1556500.html

AEHI is not who you think they are; project designed for sale
Wednesday, July 22, 2009

Dear editor:

<snip>

While I don't hold myself out as an expert in the nuclear power business, I have had some experience in contract negotiations and purchasing power from nuclear facilities. I was the CEO/General Manager of two electric power cooperatives, one in Washington and the other in Oregon, for more than 30 years. With that introduction, let me add my take on the project proposed by AEHI.

<snip>

They admit in their SEC filings that they don't have the finances to build a completed nuclear plant and further that their intention is to see some unnamed investor to complete the project. So, how can they promise Elmore County citizens anything? Once they sell the property and permits, we are no longer dealing with AEHI -- not even the type of reactor they are touting in their presentation to the county. It will be up to the new owner(s) of the permits to decide what kind of reactor will be built, pending the approval of the Nuclear Regulatory Commission (NRC).

<snip>

In my estimation, based on what other nuclear facilities are costing to build in today's world, I believe the total costs of any proposed plant built today or in the near future will be somewhere in the $15 billion to $20 billion range. That cost must be amortized, so the true costs of power from a plant built today would be 3 to 4 times what Idaho Power is presently paying for wholesale power.

<snip>

If anything I have stated in this letter is contested or deemed false by AEHI, I would be willing to debate the issues with them in open forum.

Edwin R. Schiender