Some years ago when Rep. Mike Noel introduced the idea of the Lake Powell pipeline to Kane County residents, he assured them that it would be paid for by a water deal with Blue Castle Holdings, a company that wanted to build a nuclear power plant on the Green River. Noel had crafted a contract with Blue Castle to lease river water owned by Kane County in exchange for large amounts of money. It now appears that this deal has fallen through.
Blue Castle's first payment of $100,000 to Kane County Water Conservancy District was due in mid-October but never received.
Blue Castle has defaulted on their agreement, leaving the financing of the Lake Powell pipeline high and dry. Given the risks and the high cost of nuclear power, it is doubtful that this nuke plant will ever be built.