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This Company is Harnessing the Cheapest Energy on Earth

focusonzenergy Wrote: Feb 23, 2013 5:41 PM

Harry Reid endorsed Navada Geothermal Power and was grossly mismanaged by political hacks http://www.washingtontimes.com/news/2012/jul/4/lights-go-dim-on-another-energy-project/?page=all But now it seems that the ORMAT company of this article has bought some of the assets and the Reid cronies were sent packing and Ormat has infused cash and management into NVP so we will see how it turns out http://www.nevadageothermal.com/s/News.asp

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This Company is Harnessing the Cheapest Energy on Earth

I just wrote a check this morning for my monthly power bill, made payable to American Electric Power (NYSE: AEP) in the amount of $260.02.

I'm not alone. AEP serves five million residential and business customers in 11 states.

Rain or shine, that's five million checks that pour in each month. They add up fast. AEP's utility segment collected $14 billion in revenue in 2011. But on closer inspection, the company only retained $2.8 billion in operating profits.

Where did the other $11 billion go?

Well, nearly half ($4.4 billion) was spent on...

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