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CenterPoint Energy, Inc. Message Board

  • lewis_whokeyser lewis_whokeyser Sep 5, 2001 11:08 AM Flag

    Found Money!

    We need to jump on board this lawsuit...

    Government Owes Utilities $25.6-Million
    In a decision that some believe might be just the tip of an
    iceberg, the U.S. Court of Federal Claims last month said the
    federal government owed nine utilities roughly $25.6-
    million in damages as a result of overcharges on uranium
    enrichment services.
    The final order Aug. 23 came nearly two months after the
    court ruled the federal government had doubled-billed the
    utilities for the future decontamination and decommissioning
    (D&D) of its uranium enrichment plants. The utilities
    claimed, and the court agreed, that DOE had factored the
    D&D cost into the price of its uranium enrichment services
    while also charging them a separate D&D fee. The doublebilling
    occurred during the nine-month transition period,
    September 1992 to June 1993, when DOE's uranium enrichment
    services were being transitioned to a government
    The joint calculations of damages by government and
    utility attorneys were based on a $22/SWU overcharge. The
    fact federal attorneys agreed to the final tally, however,
    doesn't preclude the government from appealing the order.
    The nine utilities involved in the case bought 1-million
    SWU during the transition period. According to a utility
    attorney, the government may have sold a total of 10- to 11-
    million SWU during that time. One industry source speculated
    the tally could skyrocket if other utilities, both domestic
    and foreign, were to file similar damage claims against the
    federal government.
    Damages put forth in the final order were roughly: Duke
    Energy Corp., $7-million; Florida Power & Light Co., $6-
    million; Dominion Virginia Power, $2.9-million; Pennsylvania
    Power & Light Co., $2.6-million; Niagara Mohawk Power
    Corp., $1.9-million; Wisconsin Electric Power Co., $1.4-
    million; IEU Utilities Inc., $1.4-million; Consolidated
    Edison Co. of New York, $384,000; and Empresa Nacional
    del Uranio of Spain, $1.7-million.
    ?Michael Knapik and Elaine Hiruo, Washington

23.97-0.35(-1.44%)2:06 PMEDT