Moore’s Bacon Takes On The Powers That Be

Jan 29 2010 | 9:48am ET

When Steve Forbes sold his family’s 250-square-mile Colorado ranch to Moore Capital Management’s Louis Bacon, he said Bacon’s conservation bona fides were an important factor (his $175 million didn’t hurt, either). Now, Bacon is trying to make good on that reputation, battling a plan that he says will drive power lines through undeveloped mountains and valleys.

Bacon has asked the Colorado Public Utilities Commission to junk a proposed 140-mile power line sought by Xcel Energy and the Tri-State Generation and Transmission Association. The companies say the $180 million project is needed to both provide more reliable electric service to the area and to transmit renewable energy from it.

Bacon says there is a less obtrusive route that the utilities could use through his Trinchera Ranch. The two companies say that route would add 125 miles to the project and increase its price tag by tens of millions of dollars.

An administrative law judge will begin hearing arguments on the matter next week. That judge will also consider Bacon’s allegation that the utilities improperly met with the CPUC without a Trinchera representative.

Talks excluding an interested party “are widely prohibited” and “violate due process,” Trinchera said.

Trinchera wants those commission members who participated in the talks excluded from voting on the proposal.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...