62°F
weather icon Cloudy

LETTER: Much-touted Crescent Dunes solar plant goes bust

Do readers remember the Crescent Dunes solar power plant in Tonopah? The project commenced some 10 years ago and was financed in part with a $737 million federal loan guarantee.

Nevada Energy fully supported the project, promising to buy power at a rate almost six times as high as the market at the time. At the same time, the company was destroying Nevada’s residential solar businesses by pushing through a measure to reduce the “buyback” of energy generated by households to less than one-sixth of the going rate.

How is the Crescent Dunes doing? It ceased operations in April. The three-quarters of a billion dollars of federal guaranteed loans have been eaten by us taxpayers, and the Department of Energy is trying to decide what to do with this albatross.

Will anyone answer for this abomination? We all know the answer to that.

Don't miss the big stories. Like us on Facebook.
THE LATEST
LETTER: Trump civil judgment a fraud

Most if not all real estate developers needing to borrow money inflate their assets in hope of getting more money.

LETTER: Back off President Joe Biden

President Joe Biden is a caring, kind and responsible person. He loves his country over power and party.

LETTER: Don’t blame ranked-choice voting

We need voter education immediately before our June and November elections to ensure Nevada voters are not disenfranchised due to the change to universal mail-in voting.

LETTER: Biden leans on Israel again

On the one hand Biden touts U.S. support for our ally Israel, while on the other he criticizes Israel to pander for votes from the far left and Arab Americans.

LETTER: Democrats have mixed-up priorities

Rep. Titus should quit blaming Republicans for the complete chaos she and her party have created. I hope the House holds firm. No money unless there is true change at the border.

LETTER: Putin and Trump two peas in a pod

Vladimir Putin has complete immunity for all actions taken while president. Oddly, today in the United States of America, we, too, have a president claiming complete immunity.