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To: DScottD who wrote (21961)	4/16/1999 10:15:00 AM
From: nihil	Respond to of 71178

Ah yes, I remember it well. Its building was opposed by a group of environmentalists many of whom worked in my computer research joint. The economic expert testifying against Clinton was Michael Rieber, Professor at U of I. He demonstrated that demand for electricity would be insufficient to require the plant. Professor of engineering Bruce Hannon demonstrated that the energy embodied in the plant and fuel would exceed that energy produced by the plant operating under capacity. The authorities laughed to environmentalists to scorn. IP plunged like a maddened lemming to its doom. Of course, the customers paid. We tried to stop paying for construction work in progress. Lots of luck. That was a period of major idiocy in our history. Our great grandchildren will still be paying for the necessary cleanup.

To: DScottD who wrote (21961)	4/16/1999 10:41:00 AM
From: Ish	Respond to of 71178

<<IP is selling the Clinton nuke plant for $20 million? The real property alone without the improvements, if you call them that, is probably worth half that.>> The value of the real property, meaning all the lots either lake front or lake view, camp grounds and marina is probably worth several times the selling price. 1/2 acre lots across the road are selling for $75,000. The problem is the 4.4 billion dollar "improvement" has a negative value at this time. In the last three years it has consumed more power than it has generated, that and the 160 million that has been spent to fix it and it still isn't running. The NRC will never let IP turn the thing on and there are 900 union employees with secure contracts being paid for nothing. AmerGen will be able to start it and put those guys to work.