Termination and default are monumental events in the life of any contract. They can permanently sever relationships and significantly impact the financial future of the impacted parties. This principle is especially true in the context of a power purchase agreement.
A recent case between a power producer and power purchaser demonstrates the importance of the termination and default provisions. While other provisions certainly were not insignificant, the outcome of the case ultimately rested on the meaning and application of the termination and default provisions. Read More »The Importance of PPA Termination Provisions