Two local geothermal companies will recoup some of the money owed by Southern California Edison in the form of a portion of that company's assets, a judge ruled.
Imperial County Superior Court Judge Jeffery Jones ruled in the favor of Heber Geothermal Co. and Second Imperial Geothermal Co., providing the companies a writ of attachment to $28 million of Edison's assets, said Danielle Tinman, spokeswoman for the geothermals' parent company, Covanta Energy of Fairfield, N.J.
The writ of attachment means, "If they do not pay us, we would own some of their assets in that amount," Tinman said.
The two Heber-area companies generate energy for Edison as part of a long-term contract.
Between November 2000 and March 2001, the geothermals generated power but received no payment from Edison.
In mid-April the two geothermals filed a lawsuit against Edison asking for back payments from November to March totaling over $35 million, Tinman said.