Sierra Pacific Seeks $20M In Dam Coverage

Law360, New York (August 6, 2009, 5:55 PM EDT) -- Sierra Pacific Power Co. has turned to the U.S. Court of Appeals for the Ninth Circuit, claiming Hartford Steam Boiler Inspection and Insurance Co. and Zurich American Insurance Co. are required to cover the full $20 million cost of rebuilding the hydroelectric Farad Dam in California demolished in a flood rather than the awarded $1.2 million calculated to be the actual cash value of the destroyed dam.

Sierra Pacific’s appeal was triggered by the lower court’s refusal last month to reconsider its September 2008 judgment awarding...
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