Energy West Sues US Power Fund Over Loan Deal

Law360, New York (March 19, 2009, 12:00 AM EDT) -- Natural gas distributor Energy West Inc. has sued the United States Power Fund LP for allegedly reneging on an agreement for Energy West to take over a $4.5 million loan the investment fund had provided to another energy company to develop a natural gas pipeline in northern Maine.

In a complaint filed Thursday in the U.S. District Court for the Northern District of Ohio, Energy West claims the U.S. Power Fund negotiated the proposed deal solely as a means of pressuring Loring BioEnergy LLC, its owners...
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