Mike Jennings at the Hibbing Daily Tribune pens a story today with details about yesterday’s PUC ruling against Excelsior Energy and reaction from the company’s co-founder Tom Micheletti. The PUC ruled against Excelsior Energy, ending efforts to force Xcel to buy the expensive experimental coal gasification power proposed by Micheletti and his partners.
In short, bad day for Excelsior but so long as he draws breath, Micheletti will refer to everything as having “a silver lining.” Interestingly, Micheletti reveals in the story an offer to sell part of the project to Minnesota Power, an offer that MP declined. Check it out.
UPDATE: In case you ever wondered what it was like to read Pravda at the peak of the Soviet Union, check out the Mesabi Daily News story on the same matter. The headline reads: “Mesaba Energy moves ahead, a bit.” Yes, indeed. And by the way, “I’m sleeping with Angelina Jolie, a bit.”
When the history of this terrible project is written, the Mesabi Daily News will bear a significant portion of the blame. Their abdication of the duty of newspapers to fairly consider the merits of public policy in this issue has been astounding. These are developers who will say what needs to be said to keep their cash flowing. The MDN takes Excelsior’s word ahead of all others and has yet to seek an objective outside voice not provided to them by the company. I heard a story one time about a woman who bought massive amounts of expensive vitamins to receive a “free” hot tub. The hot tub was plastic and inflatable. The MDN has delivered to the Iron Range the equivalent of just such a plastic, inflatable hot tub in this project.
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