Can Riverbank prove they have the financial resources and intellectual capital to construct and run such a facility?
We believe this is imperative before any permits are granted for this proposed project. Will this facility be viable in one, five, 10, 25, 50 or 100 years? We do not believe Riverbank can know this even with cost estimating, economic feasibility, and financial planning investigations as they indicate the will do as part of their feasibility studies. Riverbank is betting or gambling on the arbitrage of differences between daytime and nighttime electricity prices continuing well into the future as the basis of their business plan. Isnt this strategy just that, a very high stakes gamble? If this project fails during or after construction, what contingencies are being made to ensure a proper and thorough clean-up of what could be a significant environmental disaster? We feel that Riverbank and the land owner must provide detailed plans for this and to post bonds in the amount of the estimated cost of dismantle, clean-up and remediation. How will Riverbank construct this facility using what
