University Fights Stranded-Cost Fee

Fortnightly Magazine - March 15 1997
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Lawyers for the Massachusetts Institute of Technology on Feb. 4 argued before the Massachusetts Supreme Court that their client should not be made to pay $6 million to Cambridge Electric Light Co. to cover stranded costs for building its own $50 million on-campus generating plant, as directed by the state utility commission. MIT said it would never have built the plant had it known about the fee. A ruling is expected in the spring.


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This full article is only accessible by current license holders. Please login to view the full content.
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