• The Supreme Court and Long-Term Energy Contracts: Seller Beware
  • July 29, 2008 | Authors: Alan Z. Yudkowsky; Melvin A. Brosterman
  • Law Firms: Stroock & Stroock & Lavan LLP - Los Angeles Office ; Stroock & Stroock & Lavan LLP - New York Office ; Stroock & Stroock & Lavan LLP - Los Angeles Office
  • On June 26, 2008, the United States Supreme Court issued its opinion in Morgan Stanley Capital Group Inc. v. Pub. Util. Dist. No. 1 of Snohomish County, 554 U.S. ___ (June 26, 2008), holding that, under the Mobile-Sierra doctrine, the Federal Energy Regulatory Commission's ("FERC") evaluation of the rates contained in certain long-term power contracts was flawed or incomplete.