Exelon Unit Sues IHI Over $12M In Power Plant Bills

Law360, New York (December 14, 2012, 4:21 PM EST) -- An Exelon Corp. unit filed suit against IHI New Energy Inc. in New York state court Thursday alleging IHI instructed five power plants not to pay nearly $12 million in balances owed after IHI acquired the plants.

Exelon's Constellation Operating Systems operated five small power plants in California, which it ran and maintained using its own funds and were reimbursed for those expenses by the plants, the complaint said. In March 2012, after Constellation merged with Exelon, the five plants were sold to IHI in an...
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