Utility Drops Battle With Boulder Over Energy Credits

Law360, New York (February 20, 2007, 12:00 AM EST) -- The city of Boulder has reached a tentative agreement with Xcel Energy, putting to rest a lawsuit over who deserves the credit for the hydroelectric power that is currently being produced.

On Friday, the Colorado city revealed that the utility has agreed to evenly share the renewable energy credits (REC) for the hydroelectric power that provides electricity to about 8,000 homes.

"A pre-trial settlement made sense given the costs and risks of litigation, as well as the basic fairness of a 50-50 split," said city manager...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.