Central Valley Project Corporation
Calpine power plant
Five year old Gas-fired plant proposal
December 6, 2005
This Scam will be worse than Arrowrock or NCPA's co-generation plant
if LMUD approves Phase I
LMUD is going to pay millions upfront, millions they don't have...............
LMUD MAKES $22,500 PAYMENT TO NCPA'S/CVP SECRET POWER PLANT "STUDY"
This Calpine power plant has been operating for the last 4 1/2 years at a half power and has been a financial burden to Calpine. Calpine presently is in bankruptcy court.
The history of the plant is readily available and a $1.5 million dollar contribution to NCPA will not change the fact that this is not a money maker. This plant would be a huge risk for a small utility to get involved with.
Cady has mis-represented this "pie-in-the-sky" proposal. Unfortunately, this LMUD Board does not care.....about anything except the NCPA party circuit.
A valid question would be how much will Cady's legal partner, Richey, be receiving to handle this SCAM. The Arrowrock Scam made Cady rich. It is estimated that Cady received over $300,000 over a four year period to handle a bogus hydroelectric power plant in Boise, Idaho.
This LMUD Board made the same mistake with NCPA's alleged co-generation plant that was terminated after LMUD spent over $61,000 plus unknown legal fees submitted by Cady,Pardee & Richey.
BOTTOM LINE: Only Cady has profited from these scams.
LMUD "SECRET UNNAMED" POWER PLANT PURCHASE ....JUST ANOTHER ARROWROCK LINK