Great News Sarah! Can't help but feel like the timing during the crises in Japan is a bit much for a coincedence. I'll keep my fingers crossed about Blue...
Utah Nuclear Project Signs $30-Million Private Equity Agreement Last Updated on 2010-07-22 03:18:08July 20, 2010
A Salt Lake City nuclear power developer has signed an agreement with a New
York investment firm for $30 million in private equity funding, to be used
toward the development of a 3,000-MW nuclear power project at Green River,
Under terms of the agreement Blue Castle Holdings signed with Lead Dog
Capital L.P. at the end of June, Lead Dog has committed to provide up to $30
million in new capital in exchange for newly issued Blue Castle common
stock, according to a June 29 announcement issued by the company.
The financing will occur in multiple tranches over three years, and the
schedule for stock purchases will be established at the sole discretion of
Blue Castle, according to the company.
The agreement gives Blue Castle flexibility by allowing it to choose when it
will raise and deploy... More »
Interior Issues $5.2 M Civil Penalty to BP America for False Reporting on Tribal LandsLast Updated on 2010-07-22 02:56:5806/30/2010
Contact: Patrick Etchart (303) 231-3162 begin_of_the_skype_highlighting (303) 231-3162 end_of_the_skype_highlighting
DENVER - The Department of the Interior's Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) announced today that BP America Inc. has been assessed a civil penalty of $5.2 million for submitting "false, inaccurate, or misleading" reports for energy production that occurred on Southern Ute Indian Tribal lands in southwestern Colorado. The civil penalty announced today is not related to the BP oil spill in the Gulf of Mexico. "It is simply unacceptable for companies to repeatedly misreport production, particularly when it interferes with the auditing process," said BOEM Director Michael R. Bromwich. "We are committed to... More »
Native Americans fear mining will disturb sacred landLast Updated on 2010-07-21 10:17:2516 July 2010Last updated at 07:30 ET
By Daniel NasawBBC News, New Mexico
Plans to revive a once-thriving uranium mining industry are coming into conflict with Native Americans who fear damage to sacred Mount Taylor
Thousands of feet under a hot patch of sand and brush is buried a deposit of uranium so rich it could revive a hardscrabble New Mexico town pocked with vacant lots and shuttered buildings.
The mining industry and those residents of the area who are eager for an influx of jobs see the plateau around Mount Taylor near the town of Grants in the northwest corner of New Mexico as an irresistible opportunity for economic gain.
"It's what we need, it's what's going to fuel the future," said Star Gonzales, director of the Grants chamber of commerce. "They will be good paying jobs."
But to local Native Americans whose ancestors lived in the area centuries before... More »
Bush-era oil shale decisions defendedLast Updated on 2010-07-20 05:19:49A year and a half after President Obama took office, his administration is defending decisions made during the Bush administration related to potential oil shale development.
However, settlement negotiations continue regarding two lawsuits challenging those decisions.
Administration attorneys on Thursday finally answered the litigation by denying allegations that the Interior Department under the Bush administration broke federal laws in rules it issued for commercial oil shale development and its identification of some 2.4 million acres of public land for potential commercial oil shale and tar sands development.
Thirteen conservation groups made those allegations in lawsuits filed just before President Bush left office in January 2008.
The federal government was granted nine delays in responding to the suits before Colorado U.S. District Court Judge John L.... More »
Green River nuclear plant announces major funding sourceLast Updated on 2010-07-02 07:25:44
The company behind plans for Utah’s first nuclear power plant, Salt Lake City-based Blue Castle Holdings Inc., has secured an agreement for $30 million in private equity financing from the New York-based LeadDog Capital LP.
The money would come over three years to help develop the reactors to potentially generate 4,500 megawatts of power at a new, Emery County industrial park at Green River. In exchange, LeadDog will receive newly issued common stock from the Utah company.
Blue Castle, headed by former Utah County legislator Aaron Tilton, said this week its project has attracted the interest of more than 15 utilities.
“This agreement provides Blue Castle with a flexible financing option that allows the company to raise and deploy capital when necessary and only under optimum conditions,” Tilton said in a statement. “The structure of this capital is very complimentary to our... More »
Drag and drop the content to change the order of featured content. The top nine will be displayed.