Hoku Corp., which promised to become one of Eastern Idaho's largest employers with a proposed $700 million plant in Pocatello, has gone bankrupt, Boise Today reported on Friday. In May, 2012, Hoku halted construction of its Pocatello facility and laid off 100 employees after struggling to even pay its electric bill to Idaho Power. Hoku has filed for bankruptcy in Pocatello federal court, reporting nearly $1 billion in red ink. More than 30 separate entities have been listed as creditors. A meeting between the creditors and the bankruptcy trustee, R. Sam Hopkins of Pocatello, is slated for Wednesday, July 31.
