Bacon's Ranch Still Fighting Power Line

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note