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The subsidiary, TECO LLC, has filedf notice that it will file an arbitration claik against the Republic of Guatemala undedthe Dominican-Republic-Central America-United States Free Trade or DR-CAFTA, TECO said in a filinbg with the . In July, unilaterally reseg the distribution tariff for at levels well below the thenexisting tariff, the filing said. has a 24 percentf interest in Empresa through a joint and the action causedxa “significant reduction” in earnings for the joint venturre segment, the filing said.
Both Empresa and its investors have pursuedc legal and other effortsx in Guatemala to remedy the and Tampa Guatemala has talked with officials to resolvse the dispute but so far have been thefiling said. TECO Guatemala filef a notice of intent to file an arbitratioh claimon Jan. 13 and has to wait 90 days beforer it can proceed withthe claim, the filingg said. During that time, the parities can try to resolve the disput e amicably through consultationor negotiation. TECO Energy TE), headquartered in Tampa, is an energy-related holding companhy and the parentof .
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