Utility To Pay $12.6M To End Hydroelectric Dam Saga

Law360, New York (January 12, 2009, 12:00 AM EST) -- The Skokomish Tribal Nation, Tacoma Power and a bevy of Washington state and federal agencies have resolved a decades-long dispute over licenses for a hydroelectric power project with a series of settlements that resolve the tribe's $5.8 billion claim over environmental damage caused by the 1924 construction of the dam.

Tacoma Power has agreed to give the Skokomish Tribe a one-time $12.6 million payment, a land transfer worth $23 million and an ongoing fee of 7.25 percent of the value of the electricity produced at one...
To view the full article, register now.