The Pennsylvania Superior Court has thrown out a lawsuit brought by Fayette County family, which wanted an oil and gas lease agreement voided by claiming that some drilling activities weren’t contemplated when the contract was executed. However, similar lawsuits in the state and in Ohio are facing new scrutiny as well.
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FERC’s Wood: Contracts Could Be Voided if Enron Manipulated Markets
If investigators find that Enron Corp. manipulated forward electricity markets, FERC Chairman Patrick Wood told a Senate hearing Tuesday that possibly the courts or state or federal regulators could void some of the high-priced, long-term power contracts on the West Coast.
January 30, 2002
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