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Norfolk Southern sues over its stake in wind power  

Norfolk Southern Railway Co., trying to preserve tax benefits it gained by investing in wind power generation facilities, filed a lawsuit Friday in U.S. District Court in Norfolk against Caithness Western Wind Partners LLC of New York and two related en ities. Caithness wants to sell certain wind power facilities over the objection of Norfolk-based Norfolk Southern, which invested more than $16.1 million with Caithness over the past four years to gain federal tax credits for renewable energy investments, acco ding to the filing. The railroad said its investments were based on the partnership lasting through at least 2011.

Norfolk Southern contends any sale requires its written consent and that, if the transaction goes through, the railroad will have to pay millions of dollars in taxes and would be greatly harmed. It is seeking to block the sale. Michael Cole, an attorney with Caithness Energy LLC, the manager of Caithness Western Wind Partners, did not return calls for comment Tuesday.

By Gregory Richards

Knight Ridder Tribune Business News


18 July 2007

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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