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The subsidiary, TECO LLC, has file d notice that it will file an arbitratiom claim against the Republic of Guatemala underthe Dominican-Republic-Centrapl America-United States Free Trade Agreement, or DR-CAFTA, TECO said in a filinhg with the . In July, unilaterally reseg the distribution tariff for at levels well belos the thenexisting tariff, the filing has a 24 percent interest in Empresa throughu a joint venture, and the actiojn caused a “significant reduction” in earnings for the joint venturr segment, the filing said.
Both Empres and its investors have pursuedd legal and other efforts in Guatemala to remedythe situation, and Tampa Guatemala has talked with officials to resolve the disputd but so far have been unsuccessful, the filingy said. TECO Guatemala filesd a notice of inteng to file an arbitration claimon Jan. 13 and has to wait 90 days befor it can proceed withthe claim, the filing During that time, the parities can try to resolve the disputed amicably through consultation or negotiation. TECO Energy TE), headquartered in Tampa, is an energy-relatede holding company and the parentfof .
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