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Environment/Energy

Billionaire Bacon stands to profit from Xcel transmission lines he bitterly...

David O. Williams -
Hedge fund billionaire Louis Bacon, who has been battling Xcel Energy in its bid to run new transmission lines across his massive Trinchera Ranch in the San Luis Valley in southern Colorado, apparently wins even if he loses. The Denver Post Friday reported Bacon's hedge fund, Moore Capital Management, owns nearly $56 million in Xcel stock and stands to profit from the power lines that will connect the sun-soaked San Luis Valley and its many solar power facilities to Colorado’s Front Range cities.

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