Friday, 24 March 2017
Last updated 56 min ago
Apr 18 2011 | 12:25pm ET
Moore Capital Management's Louis Bacon isn't giving up his fight to keep at 140-mile-long power line out of his massive chunk of southern Colorado.
Bacon's Trinchera Ranch has asked the Colorado Public Utilities Commission to reconsider its approval of the $180 million project, which it says will run through undeveloped mountains and valleys at his 250-square-mile ranch, which he bought three years ago. Specifically, Trinchera objects to the PUC's decision to waive a requirement that Xcel Energy, which wants to build the line along with the Tri-State Generation and Transmission Association, doesn't put 700 megawatts of new generation on the line within a decade.
Bacon's ranch is also unhappy that the PUC didn't accept its testimony—Trinchera believes there are cheaper, less obtrusive routes for the line over its property—and claims that Xcel and Tri-State have overstated the need for the new line.
Trinchera has been fighting the new power line for more than a year.