Chinese Communists Pony Up Cash For Hoku Power Bill

The troubled Hoku solar panel plant in Pocatello got a $10 million infusion of cash from its Chinese Communist parent company this week which should allow them to pay their Idaho Power bill before the plug is pulled.

In action before the Idaho Public Utilities Commission, Hoku has sought to amend a contract with Idaho Power and prevent the electricity provider from cutting the power. To date Hoku has run up a bill of nearly $4 million.

They wanted to pay the bill from a deposit and later replenish the deposit. Idaho Power countered saying they wanted to take the deposit and then give Hoku a “firm date” to shut off the power.

Comments & Discussion

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  1. Loser Emeritus
    Jan 12, 2012, 10:34 am

    Enough with the special arrangements to pay ones’ electricity bill. Idaho Power has a responsibility to its shareholders first and foremost. I suppose Hoku was hoping the state would foot the bill in the name of economic stimulation. We can’t afford any more “stimulation”

  2. Don’t forget that they never go the power. They have a flat rate power deal and have been unable to ramp up fast enough to use the power. Still.. as deal is a deal. But it’s not like they are using power and not paying for it.

  3. Rod in SE Boise
    Jan 12, 2012, 1:13 pm

    Them commies are looking more like capitalists these days.

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