Tax Increment Financing

9 Months Ended

Sep. 30, 2012

Tax Increment Financing [Abstract]

Tax Increment Financing [Text Block]

6. Tax Increment Financing

In February 2007, the subsidiary of the LLC that constructed the Wood River plant received $6.0 million from the proceeds of a tax increment revenue note issued by the City of Wood River, Nebraska. The proceeds funded improvements to property owned by the subsidiary. The City of Wood River will pay the principal and interest of the note from the incremental increase in the property taxes related to the improvements made to the property. The interest rate on the note is 7.85%. The proceeds have been recorded as a liability which is reduced as the subsidiary of the LLC remits property taxes to the City of Wood River, which began in 2008 and will continue through 2021. The LLC has guaranteed the principal and interest of the tax increment revenue note if, for any reason, the City of Wood River fails to make the required payments to the holder of the note or the subsidiary of the LLC fails to make the required payments to the City of Wood River.

The following table summarizes the aggregate maturities of the tax increment financing debt as of September 30, 2012 (in thousands):

Remainder of 2012	$	185
2013		399
2014		431
2015		464
2016		501
Thereafter		2,978
Total	$	4,958