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<br />. . ~. a>'~Ly_' al'l': ~~;. ~ 7 -;~~'' y - .>nl5`.1'y"C• ~.i ,.. `nti.
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<br />ben sE ~gg~~--acla,~p~ng -
<br />Ca~lorad`o'~ Spnngs-~pdys'co-npa~ri;~' with=
<br />- held $21:4 million to settleb_r~euch~,~ ~~: .
<br />='Y~'~contr'act-dawsuf~6egun'~'n?~~992~ ~ ~ ;
<br />~.,., .,Staff-writer `.A. ~' ;~,-,~...-..:;..;.,:. ..a ~.-.;~a•.:2`;~a ;:". ~ ...
<br />-"Colorado:Springe has ended:it'saegal ptcuggle iv~tly-C~oivyofCAdl .;~';
<br />Qompany by paying Cofowyo $21,4 million in backppayments '
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<br />~- .'We!view,thiii ss now we can get-beck'to'the businese~of serving .'
<br />~thie+imporCant customer;'=said~Bonnie'Huletine,~a.spokeapereon .,r~
<br />•.~w.Coloi•ado:Spiringe:officialeechoedtfiatthought. ,,-::i`"~--:.:~'~i, -,.,,-,
<br />i= •~`In:' our:.view; 'this %is:• now -a,-settled. issue;': said ~ Snotty ',; .. .
<br />~Chriatianaen;{manager of :electricity.;forthecity..~;,j;~_•:,~;~..:~~~ "'
<br />~ •='';Colorado.Springa' city council,begen the trouble°Jan: 1,;1992, `
<br />'- ` :when:it..voted to pay:Colowyo ju$t'$18.50 a:.'ton,fpr:cQSliit,had~con- . - -
<br />ugh the:yeer,•20Q4;'it was:flrigihaklyaigned.~JFune~2~2;
<br />.-.. .
<br />i city_couricil-reggiav'a~ed diet 9olow.vcjrhad eiteride'~ c • .
<br />electric power
<br />pey'the°:lower figure;sthe_@eet of:the:inouey: was?"placed~isan
<br />,~eecrow account. ' , " :. -.;,-.s.
<br />':. ;Colowyo,Coal sued ~allegiug• Color"sdo Springs had;;breacbed.'its
<br />=;contract:,;,-'_ _. -...:~".i:.;~:,-: : - - -',-t`;1~ :,-..
<br />,_ Colorado-Springs responded that its city council could..not:com-
<br />:~_mitt,future council .to such'long-term contracts,~although such
<br />contracts'ere routine in most:utilities.~IE'also.noted'tb'at;the;con-
<br />-tract was unfair to its citizens and gave Colowyo unfair;profits.
<br />.~ July-6,LL992, ~;olowyo-won its suit`.:in the MoffaC:C6unty,District
<br />''_ CO~It:;aha£ spit:accdSed ColoradoeSp~ings of:i~lJgally breachirig~its
<br />contract. 'Phe Colorado Couit of Appeals Water upl~eld,.the ~isti'ict
<br />.court decision and Sept.:2 the Colorado. SupremeCourt ceFused to
<br />review the case. - ~ ~ '' . ' .i.,,e
<br />Colorado Springs,city,aftorney Ji.c~ Colvin said he.discu"ssed the
<br />eituation:with.the city council on SSept:,l2.end,againyon,Sept,,21,
<br />end at the~laet meeting the council agreed to seEtle the case.
<br />~,-,...3r~ :.
<br />With Colowyo's_•decieion'to accept the money-in the escrow
<br />account, along with therinterest earned on thatmoney, the case is
<br />over, said Colvin. .. ~~
<br />Future coal contracts,~Colvin told't>ie Colorado"Springs city
<br />council, will' all co¢tain a provision allowing the city to renegoti-
<br />ate the" price when. there's a .big difference between the original
<br />contract'price end the current market price.. ~ -
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