U.S. firms win RI suit

U.S. firms win RI suit

DES MOINES, Iowa (Dow Jones): Two indirect units of
MidAmerican Energy Holdings Co.'s, Himpurna California Energy
Ltd. and Patuha Power Ltd., received interim awards in
arbitration lawsuits against the Republic of Indonesia.

In a press release Wednesday, MidAmerican said an
international arbitration panel decided on the awards.

As reported May 4, a U.N.-supervised arbitration panel ruled
that Indonesian electricity utility PT Perusahaan Listrik Negara
should pay damages totaling $572.3 million to MidAmerican,
formerly known as CalEnergy Co.

Under terms of the May settlement, Himpurna was awarded $391.7
million, and Patuha Power was awarded $180.6 million.

In early June, PT Perusahaan filed a lawsuit to annul the May
decision, alleging that Indonesian law had been "ignored or
misinterpreted."

MidAmerican said the interim awards note that Indonesia
defaulted on rules for the arbitration that were agreed to by
both parties.