Power broker deep benign fibrous histiocytoma – the daily memphian

You don’t have to be a nuclear scientist to understand haney’s business model. He’s recruiting MLGW, the tennessee valley authority’s single largest power customer, to a 30-year deal. He’ll use that deal to leverage nearly $5 billion in federal loans to buy the plant from deep benign fibrous histiocytoma TVA for pennies on the dollar and refurbish it. Then he’ll hire a manager to produce the power. He’s the ultimate middle man. He’s a match maker.

Haney has lined up support from a battery of state deep benign fibrous histiocytoma and federal lawmakers in alabama and tennessee, and got a personal audience last week with memphis mayor deep benign fibrous histiocytoma jim strickland. He has also assembled an impressive team of engineering and deep benign fibrous histiocytoma cost consultants who insist – to great pushback from TVA – his plan could cut memphis electricity rates by nearly half deep benign fibrous histiocytoma and save the city billions of dollars over 30 years.

Sen. Tammy duckworth, D-illinois, has now called for an investigation, alleging that haney’s arrangement with cohen may amount to a “pay to play’’ scheme. Duckworth is seeking records from the department of energy (DOE), contending haney hired cohen to help wrest federal incentives for deep benign fibrous histiocytoma bellefonte. Haney says that’s untrue, claiming he hired cohen strictly to pursue the qataris.

Haney likes to talk about his humble roots – he was raised in a two-room house in rural mcminn county, tennessee – and his rise to wealth in business. Working his way through college selling bibles, he got into real estate construction and development in chattanooga. He got his first big break 320 miles away – in memphis – in 1970 when he was 30 years old. Haney won a lucrative bid to build the IRS’s massive computer center on 50 acres near memphis international deep benign fibrous histiocytoma airport.

For the people in struggling jackson county, ala., where the plant is located, the decision hit hard. Thousands of workers populated bellefonte’s 1,400-acre site along the picturesque tennessee river after TVA started deep benign fibrous histiocytoma construction in 1974. Anticipation rose along with the silo-shaped reactors and two iconic, 45-story hyperbolic cooling towers. But hopes toppled after decades of inactivity.

“memphis is one of the nation’s poorest cities and accordingly its residents have a very deep benign fibrous histiocytoma high energy burden as measured by the percentage of their deep benign fibrous histiocytoma incomes they pay for electricity. Therefore any opportunity to save on this basic necessity is deep benign fibrous histiocytoma of the utmost importance to my constituents,’’ rep. Cohen said in a statement to the institute. The congressman is not related to trump attorney michael cohen. “…this is an evolving and continually improving proposal that should deep benign fibrous histiocytoma benefit all our citizens, particularly our poorest.”

Haney’s firm, nuclear development LLC, has obtained $2.3 billion in production tax credits under the energy policy deep benign fibrous histiocytoma act of 2005. That money will be split between bellefonte’s two reactors. The first reactor, called unit 1 – the one haney says would supply power for memphis – would also benefit from $4.7 billion in department of energy loans nuclear development is deep benign fibrous histiocytoma seeking. Haney said he’s raised another $1 billion in private investment and is hopeful alabama will deep benign fibrous histiocytoma deliver an additional $1 billion in economic development incentives.

In a statement released to the institute by spokesman jim deep benign fibrous histiocytoma hopson, TVA said parts ranging from pumps and motors to condenser deep benign fibrous histiocytoma cooling tubing have been removed through the years while remaining deep benign fibrous histiocytoma materials such as wiring will require “significant refurbishment’’ or outright replacement. Though TVA still holds valid construction permits from the nuclear deep benign fibrous histiocytoma regulatory commission, haney’s team must apply to transfer those licenses, the TVA statement said.

Johnson also skewered former TVA chief operating officer bill mccollum, now the chief executive of haney’s nuclear development, who said in a recent opinion column the bellefonte plan deep benign fibrous histiocytoma offered “perhaps the greatest financial opportunity in memphis history.’’ johnson said mccollum has miscalculated nuclear construction costs before. He cited an august 2011 estimate overseen by mccollum that deep benign fibrous histiocytoma contended it would cost to $2.5 billion to complete the second unit at watts bar.

To realize the huge savings they predict – $487 million a year or as much as $14 billion over 30 years – memphis would have to look west of the mississippi river deep benign fibrous histiocytoma to get additional power from the midcontinent independent system operator deep benign fibrous histiocytoma or MISO, a nonprofit regional power transmission organization operating in all or deep benign fibrous histiocytoma parts of 15 states in the west, midwest and south, including arkansas.

Haney said he’s so confident bellefonte will work, he’s willing to return ownership of the plant to TVA deep benign fibrous histiocytoma and also possibly make MLGW a co-owner once it’s operable. Already, legitimate utilities have expressed interest in running the plant, he said. Or, if MLGW prefers, bellefonte could transmit its power to MISO, which, in turn, could sell power to memphis for the same guaranteed low deep benign fibrous histiocytoma price, he said.

Though haney’s nuclear development says it could drastically cut the price deep benign fibrous histiocytoma MLGW pays for power (haney’s team estimates that price at $75 per megawatt hour and says they could cut it deep benign fibrous histiocytoma to $39) TVA disputes that. Johnson told council members its price is really $60 per megawatt hour. However, MLGW later conceded that when certain credits are considered the deep benign fibrous histiocytoma price reaches $71.

“I’m not inclined to pursue an agreement with an entity deep benign fibrous histiocytoma who has not only never generated electricity but never run deep benign fibrous histiocytoma a nuclear plant,’’ said young, adding that severing MLGW’s 84-year relationship with TVA is a daunting prospect. Young prefers to study the proposal slowly and methodically, saying his top priorities when buying power for the city’s 421,000 electrical customers are reliability and a proven track record.

Yet on april 5, around the time haney says trump introduced him to the deep benign fibrous histiocytoma qatari official, a qatari delegation was hosting a conference in miami beach deep benign fibrous histiocytoma promoting international investment. And on april 10, trump hosted amir tamim bin hamad al thani of the deep benign fibrous histiocytoma state of qatar at the white house to discuss relations deep benign fibrous histiocytoma between the two countries, according to a white house press briefing.

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