[NEWS] Court Orders Owners of CO Biomass Facility to Pay $10 Million to Company That Built It

– by Randy Wyrick, June 5, 2017, Summit Daily

Eagle Valley Clean Energy chipsA federal court jury ruled Monday that the owners of Gypsum’s biomass plant failed to pay the company that built it.

Wellons, an Oregon company, won a $10.84 million verdict, handing biomass plant owner-operator Eagle Valley Clean Energy a defeat in a civil lawsuit that has slogged on for more than a year. The jury also left the door open for Wellons to ask for interest on that amount. Wellons attorney Steve Leatham said the company will probably seek approximately $7 million in interest.

Eagle Valley Clean Energy, owned by Dean Rostrom and Kendrick Wait and based in Provo, Utah, was awarded nothing in its counter lawsuit. The company had been asking for more than $19 million.

READ MORE at Summit Daily

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