May 2004 Newsletter

Lenore ranchers are
touting the power of wind
Monday, April 26,
2004
By Laura Zuckerman, Idaho Falls Post Register
A group of ranchers
in Leadore, a small community in the Lemhi River Valley, believes the
answer to economic development is blowing in the wind.
More than 30 ranchers
have tentatively agreed to install wind turbines on their land if a plan
by an Idaho promoter to generate wind energy there comes through.
Lemhi County commissioners
have already signed a letter supporting the "green" power proposal
by Warren Chapman, head of Capital Enterprises in Twin Falls, and half
a dozen devices have been erected to measure wind speed in the Leadore
area.
Commissioner Rick
Snyder said the project would be a windfall for the area, which was hit
especially hard when the heyday of mining and logging ended.
"I support anything
that brings jobs to Leadore and prosperity to residents of the county,"
said Snyder, one of the ranchers who OK'd placement of wind-measuring
equipment on his property.
But there are many
steps to go before the proposal can become a reality, including the collection
of a year's worth of data on wind speeds and a feasibility study. The
area would have to generate an annual average wind speed of more than
9 mph to sustain small-scale wind turbines, according to the American
Wind Energy Association.
The local push follows
on the heels of Gov. Dirk Kempthorne's veto of two bills that would have
offered incentives to wind energy developers and the expiration in December
of a federal tax-credit program. It also coincides with efforts elsewhere
in the state to establish wind farms.
"We'd just like
to have development that would lead to greater tax generation," Snyder
said.
Although leasing arrangements
vary, a landowner can be paid about $3,000 a year for hosting a single
turbine, according to literature from the wind energy trade group. Snyder
estimates establishing a wind farm in Leadore could generate $300 million,
including one-time construction costs.
The prospect of jobs
and income would be a boon to a rural community whose population was 87
in 2002 and whose median age is about 45.
But Snyder cautioned
the plan still has hurdles to clear, including efforts by Chapman to seek
government grants and investors to bankroll the operation.
"We don't look
for anything to be up and running for at least three years, even if everything
goes well," he said.
Efforts to reach Chapman
for comment were unsuccessful.
Documents from the
Idaho Department of Finance show the state sued Chapman and Capital Enterprises
in 1994 over solicitation of financial backers in a variety of investment
schemes.
Chapman and the company
were accused of offering securities without being registered and of engaging
in fraudulent practices, records show. The case was settled in 1995 when
Chapman and Capital Enterprises agreed to abide by a court-ordered injunction
against future violations of the state's securities laws. In consenting
to the judgment, Chapman and Capital Enterprises neither admitted nor
denied the state's allegations.
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