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Article: International Arbitration Panel Announces Favorable Decisions for Himpurna California Energy and Patuha Power.
- Article from:
- PR Newswire
- Article date:
- May 4, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DES MOINES, Iowa, May 4 /PRNewswire/ -- MidAmerican Energy Holdings Company, formerly CalEnergy Company, Inc., ("MidAmerican" or the "Company") (NYSE: MEC; PCX; London) announced today that an international arbitration panel entered unanimous awards in favor of Himpurna California Energy Ltd. ("HCE") and Patuha Power Ltd. ("PPL") in the arbitration matters brought by them against PT. PLN (Persero), the Indonesian government's wholly-owned electric utility ("PLN"). HCE and PPL are subsidiaries of MidAmerican.
Finding that PLN had breached the provisions of the Energy Sales Contracts between PLN and both HCE and PPL, the arbitration panel awarded HCE $391,711,652 ...
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Article: HCE Announces Availability of Updated Portfolio ...
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