Colo. Utility Settles Contract Suit Over $110M Project

Law360, New York (February 1, 2010, 4:03 PM EST) -- The Arkansas River Power Authority has settled a former member municipality's breach of contract suit over the ballooning costs of completing a $110 million project at a power plant in Colorado.

James O. Browning of the U.S. District Court for the District of New Mexico approved the settlement Friday, dismissing the lawsuit brought by the city of Raton after ARPA repeatedly sought additional funding to install a coal-fired generating unit at a plant in Lamar, Colo. — a project ARPA initially said would cost no more...
To view the full article, register now.