TECO subsidiary awarded $21 million

  • By Business Observer Staff
  • | 6:23 p.m. December 20, 2013
  • Tampa Bay-Lakeland
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TAMPA — A TECO Energy subsidiary has won a $21.1 million award in a business claim against the government of Guatemala. Thursday, the International Centre for the Settlement of Investment Disputes ruled in favor of TECO Guatemala Holdings LLC in multiyear legal claim that the Republic of Guatemala was unfair in its treatment of Empresa Electrica de Guatemala SA, the largest private distribution company in Central America.

 

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