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Wednesday
Jul082009

Nuclear plant company in Idaho facing bankruptcy

A mandatory audit of Alternate Energy Holdings (AEHI), Inc., the company hoping to build more nuclear power in Idaho, shows that the company has suffered losses of 3.4 million dollars, leaving it in danger of bankruptcy. Despite its financial woes, the company still plans to forge ahead on the reactor. AEHI is publicly traded and started the building process last year, but has since only filed a Letter of Intent with the Nuclear Regulatory Commission. The NRC says the process should be further along. AEHI is planning on receiving funding from a Texas-based company to fund the project, although this company was not named. A spokesperson for Snake River Alliance, a group opposing the plant, says AEHI has little progress to show since it moved from Virginia to Idaho a year ago. Click here for more information.

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