Hedge fund billionaire Louis Bacon, who has been battling Xcel Energy in its bid to run new transmission lines across his massive Trinchera Ranch in the San Luis Valley in southern Colorado, apparently wins even if he loses. The Denver Post Friday reported Bacon’s hedge fund, Moore Capital Management, owns nearly $56 million in Xcel stock and stands to profit from the power lines that will connect the sun-soaked San Luis Valley and its many solar power facilities to Colorado’s Front Range cities.
Posts Tagged transmission lines
Colorado conservation groups this legislative session are promising to try and hold the line on environmental gains over the past several years while still advancing energy efficiency and renewable energy projects in what they admit will be a challenging fiscal climate.
Gov. Bill Ritter Tuesday praised Xcel Energy for pulling back its plan to charge homes and small businesses with solar arrays a surcharge to help the company defray the costs of building new transmission lines.
As Xcel continues to be…