Energy Contract Dispute - Arbitration
Mr. Wright successfully defended a top oil and gas company in connection with a contractual dispute arising out of an Operating Agreement with a utility company. Under the Agreement, the utility operates a power plant which provides energy to the client's refinery. The utility was seeking a 260% increase in the annual overhead costs paid under the agreement (from $785,000 to more than $2 million). The dispute resulted in a two-day arbitration hearing conducted in April 2006. After the submission of post-hearing briefs, the arbitrator decided the matter in favor of Mr. Wright's client.