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...
Sen. Mark UdallLast Updated on 2012-05-17 00:00:00
Dear Fellow Coloradan,
Water is our most precious natural resource in the West. It is also in limited supply. Therefore, it is often subject to conflict. (Whiskey is for drinking, water is for fighting, or so goes the old saying.) But thanks to the hard work of generations of Coloradans, we have been able to reap the benefits of our streams and rivers. That is something worth celebrating.
That's why this week I introduced a resolution, along with Senator Bennet, honoring 2012 as the Year of Water in Colorado. The resolution builds on Colorado Water 2012, a statewide celebration designed to engage all Coloradans in a conversation about the past, present and future of our water. My resolution recognizes the importance of water in Colorado and many of the organizations that have innovated and cooperated over the past century to develop, protect and conserve this scarce... More »
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 »
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 »
Company Highlights Turn-Around, Growth ProspectsLast Updated on 2010-06-30 07:37:42IDT Will Ring NYSE Opening Bell June 28, 2010
NEWARK, N.J., Jun 25, 2010 (BUSINESS WIRE) -- IDT Corporation's(IDT 11.66, +0.29, +2.55%) (IDT.C 9.36, +0.01, +0.11%) Chairman and CEO, Howard Jonas, and the Chief Technology Officer of the Company's American Shale Oil, LLC joint venture subsidiary, Dr. Alan Burnham, will ring the opening bell at the New York Stock Exchange (NYSE) on Monday, June 28, 2010 at 9:30 AM.
"After executing a successful turn-around, IDT has regained compliance with the New York Stock Exchange's continued listing requirements and achieved bottom line profitability," said Howard Jonas. "Looking ahead, I am very optimistic about growth opportunities in our core telecom and energy businesses, including our alternative energy ventures."
IDT, which posted a net loss of $155.4 million in fiscal 2009, has generated $12.8 million in... More »
Greene: Oil-shale mirage still shimmers on W. SlopeLast Updated on 2010-06-24 09:36:10By Susan GreeneDenver Post Columnist
Posted: 06/24/2010 01:00:00 AM MDT
"The Jetsons" honed the expectations of my generation — for us, it seemed inevitable that by now we'd have push-button meals and cars that flew.
Those visions now seem laughable.
So do promises made by certain energy giants.
Thirty years ago, Exxon vowed that oil shale would be Colorado's economic salvation and the future of national energy independence. The company projected 8 million barrels a day from the state by 2010.
"The technology now appears ready for scaling up to commercial size," claimed Bob Larkins, then manager of the company's synthetic fuels department.
It's 2010, for the record. Not a barrel has been squeezed from the state for commercial use. The industry remains far from "scaling up."
Exxon's snake-oil pitch to a group of Western Slope... More »
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