Archives

Millions Upon Millions Spent on Power Plants – But Never Built

Header-two-elk

The warning signs were there, but disregarded. Rone Tempest reports on state and federal dollars wasted on a failed Wyoming energy project that had promised to provide electricity throughout the American Southwest.

An excerpt: The Two Elk saga is made up of intertwined stories: one man’s outsized dream; Wyoming’s desire to believe in energy castles in the air, kept aloft by taxpayer dollars; and the federal government’s failure to bring anyone down to earth, until millions of dollars in public money had been squandered. It is, in short, a case study of territorial ambition, personal greed, political nepotism, government malfeasance, and a highly creative interpretation of federal tax laws.