Colo. Energy Co. Wants $22M Award Scrapped

Law360, New York (January 18, 2012, 10:10 PM EST) -- Energy infrastructure manager Colorado Energy Management LLC petitioned a New York state court Tuesday to vacate the $22 million award a Boston-based power company won in arbitration for damages resulting from Colorado Energy's cost overruns on a New Mexico power plant.

The arbitrator in the case overstepped his bounds last week when he accepted Lea Power Partners LLC's novel argument that Colorado Energy was responsible for the estimated $100 million in damages incurred on the Hobbs, N.M., power plant, Colorado Energy argued.

Lea Power had contracted...
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