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Leucadia National Corporation Message Board

  • granicus007 granicus007 Apr 13, 2011 10:30 AM Flag

    LUK Energy re: book value

    LUK Energy at present is not considered in present BV. But take a look at this

    * Lake Charles Cogeneration - I confirmed this week with the Lake Charles Chamber of Commerce this project is slated to begin construction later part of 2011.
    * Mitch Daniels, the gov. of Indiana, has publicly stated that the Indiana Gasification plant will be APPROVED.
    * Mississippi Gasification - read the internet to find there is lots of local support for this plant and the process to permitting is welll underway.
    We wont count the proposed LNG plant in Oregon, nor the proposed Oregon Pipeline, nor the proposed/rejected Illinois project.
    But the total cost to build the Indy,La, Miss plants is about $6.65 billion. These are HUGE projects..but we dont know how this will impact LUK's book value...(but let's assume C&S are not in these projects just to fill time in the day:)

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