Nevada Company Eyeing Hoku Plant
(POCATELLO, ID) – A Nevada lending firm has its eyes set on the shuttered Hoku plant in Pocatello. JCF Funding announced in a press release Thursday that they’re offering more than $25 million – the estimated value of the plant’s materials if they were scrapped. The facility cost $600 million to construct, and Hoku owes creditors more than $1 billion. JFC officials say it would take up to a year to get the plant completed and in operation.