Excelsior Loses Bid To Enforce Power Pact With Utility

Law360, New York (May 20, 2010, 3:42 PM EDT) -- A state appeals court has determined that the Minnesota Public Utilities Commission correctly found that Excelsior Energy Inc.'s proposed clean-coal power plant qualifies as an innovative energy project and thus fairly denied the company's bid for approval of a power purchase agreement with a local utility.

A three-judge panel in the Minnesota Court of Appeals on Tuesday rejected Excelsior's challenge to the denial of its proposed PPA with Xcel Energy Services Inc. as well as intervenor Minnesota Power's argument that the proposed power plant does not...
To view the full article, register now.