12/1/2008

Some developers are supporting costly hydroelectric plants despite the ongoing credit crisis. Low-impact hydroelectric plants are planned for the Ohio River Valley, and a small company hopes to spend $3 billion to use power from the Mississippi River to leverage energy through turbines. "If you were financing any energy project at the moment, you'd have your hands full," said Dan Irvin, behind one of the ventures planned for the Mississippi River. "But we're looking out far enough, and we carry conservative enough assumptions, that we feel very comfortable."

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