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

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note