In light of the impact of the Coronavirus on business operations, we are sharing information about Coronavirus and Contract Disputes circulated by the law firm Sidley & Austin. It provides a high-level summary of the force majeure issues raised by the spread of this illness. If your electricity and/or natural gas usage has or will be significantly affected by the spread of the Coronavirus, you should seek legal advice to determine if it is appropriate to provide a force majeure notice to your energy supplier. As discussed in the document, the relevant electricity or natural gas contract provision may require “prompt” notice of the force majeure event.
5 will be hosting three webinars this month where members from our team will discuss natural gas and electricity markets and how the Coronavirus may affect the force majeure terms in energy contracts. To learn more and register, click on the links below.
PJM (PA, NJ, MD, DC, OH, IL) Webinar: 3.24.20 @ 11AM ET
NYISO (New York) Webinar: 3.24.20 @ 2PM ET
ERCOT (Texas) Webinar: 3.25.20 @ 11AM CT
Please do not hesitate to contact your Energy Advisor if you need a copy of your current energy contract, or if there are other areas where we can be of assistance.
