[Download] "Virginia Power Energy Marketing" by West Virginia Supreme Court of Appeals " Book PDF Kindle ePub Free
eBook details
- Title: Virginia Power Energy Marketing
- Author : West Virginia Supreme Court of Appeals
- Release Date : January 06, 2009
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 78 KB
Description
This business dispute involves the application and effect of force majeure provisions in a natural-gas supply contract between the seller, Apache Corporation, and Virginia Power Energy Marketing, Inc. ("VPEM"), the purchaser. The parties agreed that Apache was to deliver natural gas to VPEM at two specific locations in September and October of 2005. However, during that time period, Hurricanes Katrina and Rita struck the Gulf Coast, damaging gas-production platforms and portions of the natural-gas pipelines. After Apache failed to deliver the agreed-upon quantity of natural gas at either location, a lawsuit ensued. The trial court ruled, by summary judgment, that Apaches performance was excused under the force majeure provisions of the parties agreement.