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Land Sale
On June 19, 2009, UPPCO and Naterra Land reached settlement of a lawsuit filed
against UPPCO in 2008 by Naterra Land. Terms of the settlement were not disclosed
and are confidential, but did they did include a provision by which UPPCO bought
back land it sold to Naterra in December 2005.
In December 2005, Upper Peninsula Power Company sold land surrounding Bond
Falls, Boney Falls, and Cataract Basin to Naterra Land. The land sold was outside the
Federal Energy Regulatory Commission boundaries for the hydro-electric projects. UPPCO
intended to grant easements to the land's new owner to access the shoreline and
potentially construct docks, as has been done by other utilities that have sold land
near hydroelectric projects. The easements can only be granted if they are consistent
with the requirements of the project licenses granted by the Federal Energy Regulatory
Commission (FERC).
The property sale included 960 acres near Bond Falls in Ontonagon County, 150 acres
near Boney Falls in Marquette and Delta counties, and 250 acres near the Cataract Basin
in Marquette County. All of these lands are outside the FERC project boundaries.
UPPCO has pledged to abide by the provisions of its FERC licenses and will continue
to keep the public informed.
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