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Xcel, enXco sue each other over N.D. wind farm
Credit: by Ed Stych, Web Producer, Minneapolis / St. Paul Business Journal, www.bizjournals.com 5 May 2011 ~~
Translate: FROM English | TO English
Translate: FROM English | TO English
Just when it looked like the fight between Xcel Energy Inc. and enXco Inc. over a North Dakota wind farm was over, it now looks like it just might be starting up.
Both companies sued each other in federal court Wednesday over Xcel’s decision to drop the $400 million project because of the threat the windmills would cause to two endangered birds.
The lawsuits came just days after Escondido, Calif.-based enXco gave Minneapolis-based Xcel (NYSE: XEL) a $100 million refund on the 150-megawatt Merricourt Wind Project.
Xcel, through its Northern States Power Co. subsidiary, is asking the U.S. District Court in Minnesota to say that its termination of its contract with enXco was proper.
EnXco, a subsidiary of Paris-based EDF Energies Nouvelles, is asking the court to force Xcel to complete the contract, or to pay enXco at least $245 million for breaking the agreement.
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