The U.S. Supreme Court is scheduled to hear oral arguments next month in a case that could have far-reaching ramifications for the sanctity of electricity and natural gas contracts.
Sanctity
Articles from Sanctity
High Court Schedules Oral Argument in Contract Sanctity Case
The U.S. Supreme Court is scheduled to hear oral arguments next month in a case that could have far-reaching ramifications for the sanctity of electricity and natural gas contracts.
ALJ Upholds Sanctity of PacifiCorp Contracts with Marketers
An administrative law judge (ALJ) last week recommended that the Federal Energy Regulatory Commission throw out the complaints filed by PacifiCorp against four power brokers, saying the complaints attempting to break contracts worth about $67 million are “in essence an attack on the validity of market-based rates… If [PacifiCorp] is correct, no contract made under market-based rate authority is valid,” and “no reasonable seller of electricity at wholesale in interstate commerce would seek or use market-based rate authority.”
ALJ Upholds Sanctity of PacifiCorp Contracts with Marketers
An administrative law judge (ALJ) has recommended that the Federal Energy Regulatory Commission throw out the complaints filed by PacifiCorp against four power brokers, saying the complaints attempting to break contracts worth about $67 million are “in essence an attack on the validity of market-based rates… If [PacifiCorp] is correct, no contract made under market-based rate authority is valid.