citizens of the Cedar Valley address the proposal for a coal burning power plant

Waterloo, Iowa

City Council meeting

May 7, 2007




c e d a r v a l l e y s p e a k s

Group 7

1. Jonathan Chenoweth, 1009 Tremont Cedar Falls

Thank you I would like to use about a minute, my name is Jonathan Chenoweth and I’m on Tremont St. in CF. The first thing I’d like to suggest is that I believe a lot of the pro argument seems to be coming from within a financial bubble. Whereas the values that are placed most high are monetary and involve the initial investment. But as we’ve seen, the study that was commissioned by this group did not include cost, and its been referred to several times, but that balance sheet has not been fully filled in on the debit side. So I’m very concerned that that hasn’t been adequately represented by a commissioned sutdy…. And we as citizens can do our best to put our ducks in a row and present you with information…but if the City ouncil is not taking it as a responsibility of their own to collect that information, then we’re in trouble b/c we cannot match the financial firepower of these investers…

We’re looking out for shareholders when we’re saying yes to this plant, we’re looking out for stockholders and not citizens. And to get outside that financial bubble people will stop becoming shareholders and stock investers…and they are human beings and I think that again that that is obscured when the commissioned reports are in the outlay balance sheet that concerns investors and shareholders the most.

Lastly the 8 percent minimum…retail and publicly owned utilities…to burn renewable fuels was ojbected to by LS Power…they are talking about their interest when they talk about renewable benefit, but it seems like window dressing when they object strenuously to the legistlators and in the papers that that 8 % is too much.

Lastly, Mr. Milbourne would be a lot of straightforward in talking about water issues if he would say up front……a minimun of 3 million gallons a day from our aquifers… …A minimum, b/c that’s the baseline through the year…and when things are good, and when they’re only using that 12 million a day, that’s all they’ll need…but a minimum of 3 million a day would be much more straightforward way of addressing that question than what we got. Thank you. ….