Exergy exits from men's pro cycling sponsorship

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by Associated Press

NWCN.com

Posted on November 28, 2012 at 10:05 AM

Updated Wednesday, Nov 28 at 10:26 PM

BOISE -- The owner of a struggling Idaho renewable energy developer who blames utilities for killing his business' projects now blames doping for forcing him to pull his sponsorship money from men's pro cycling.

Exergy Development Group Chief Executive Officer James Carkulis says his company will end its three-year support of a men's cycling team.

From his Boise offices, Carkulis issued a statement Tuesday accusing the cycling industry of failing to grasp the sport's "scandal and deceit."

Apart from Carkulis' ethical concerns, however, his business has been foundering.

Exergy's problems include $323 million in suspended Idaho wind projects, loss of control of a Minnesota wind farm, federal lawsuits targeting it for not meeting financial obligations and the possible cancellation of two biogas-to-power projects amid a dispute with utility Idaho Power Co.

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