Ohio High Court Favors Sunoco In $13M Contract Row

Law360, New York (June 10, 2011, 4:40 PM EDT) -- The Ohio Supreme Court on Thursday reversed a decision against Sunoco Inc. in its dispute with Toledo Edison Co. over an electricity supply contract, allowing Sunoco to save $13 million by extending the contract for 10 months.

Toledo Edison signed electric-services contracts with Sunoco and BP PLC in 1996, charging the energy companies below-standard rates for electricity. Both contracts had "most-favored-nation" clauses, which entitled either company to claim a benefit given to the other, according to the state Supreme Court's opinion.

BP extended its contract with...
To view the full article, register now.