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Chemical bank v washington public power supply system

1. Should this court reconsider its decision in Chemical BankI? 2. Did the trial judge's order granting summary judgment in favor of all defendants exceed the proper scope of the declaratory judgment action i.
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Chemical Bank v. WPPSS: a case of judicial meltdown

@article{osti_5997017, title = {Chemical Bank v. WPPSS: a case of judicial meltdown}, author = {Tamietti, R L}, abstractNote = {When the Washington Supreme Court ruled that take or pay contracts between the Washington Public Power Supply System (WPPSS) and the participants were void, WPPSS defaulted in the largest single incident of municipal default in US history.

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Washington Public Power Supply System

WPPSS originally aimed to build 20 nuclear power plants to provide electricity to the Pacific Northwest. Only one functioning plant was completed. Construction of two of the plants was financed through bonds guaranteed by a consortium of 88 public utilities in the region. These backers would later learn that the bonds were sold on false pretenses, in violation of both state

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Chemical Bank v. Washington Public Power Supply System, 691

Chemical Bank v. Washington Public Power Supply System, 691 P.2d 524, 102 Wash. 2d 874 — Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information.

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Haberman v. Washington Public Power Supply System

Read Haberman v. Washington Public Power Supply System, 109 Wn. 2d 107, see flags on bad law, and search Casetext''s comprehensive legal database Five basic groups were named as defendants and are respondents on this appeal: the Supply System, the 23 members of the Supply System, Chemical Bank, the 88 WNP 4 and WNP 5 "Participants", and

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DeFazio v. Washington Public Power Supply System

Chemical Bank v. Washington Public Power Supply System, supra. The majority held that their agreement with WPPSS was ultra vires because, although each participant had authority to contract for the purchase of electric power, it did not have authority to contract to pay for power generating capability that might turn out to be zero. The

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Chemical Bank v. Washington Public Power Supply System

Research the case of Chemical Bank v. Washington Public Power Supply System, from the Washington Supreme Court, 06-15-1983. AnyLaw is the Friendly legal research service that gives you unlimited access to massive amounts of valuable legal data.

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Chemical Bank v. Washington Public Power Supply System

Research the case of Chemical Bank v. Washington Public Power Supply System, from the Washington Supreme Court, 11-06-1984. AnyLaw is the Friendly legal research service that gives you unlimited access to massive amounts of valuable legal data.

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Chemical Bank v. Washington Public Power Supply System

Page 98. 104 Wn.2d 98. 702 P.2d 128. CHEMICAL BANK, a New York corporation, Respondent, v. WASHINGTON PUBLIC POWER SUPPLY SYSTEM, a Washington. municipal corporation and joint operating agency,

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Chemical Bank v. Washington Public Power Supply System:

The Washington Supreme Court has given new life to the old, but very powerful, ultra vires doctrine.1 In two recent deci-sions, Noel v. Cole2 and Chemical Bank v. Washington Public

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Washington Public Power Supply System (WPPSS)

The Washington Public Power Supply System (WPPSS) started in the 1950s as a means to guarantee electric power to homes and industry in the Northwest. Well-meaning officials believed that building nuc The U.S. Atomic Energy Commission has initiation an extensive program of construction of new chemical process plants, research facilities and

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19 F3d 1291 Washington Public Power Supply System Securities Litigation

2. Class Counsel requested attorneys'' fees totalling $103 million from the settlement fund, which they asserted was a reasonable fee under either the percentage-of-the-fund method or the lodestar/multiplier approach.2 See In re Washington Pub. Power Supply Sys. Sec. Litig., 779 F pp. 1063, 1084 (D.Ariz.1990) [hereinafter WPPSS II ].

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Bonneville Power v. Wash. Public Power Supply

Chemical Bank v. Washington Pub. Power Supply Sys., 99 Wn.2d 772, 666 P.2d 329 (1983), aff''d on reconsideration, 102 Wn.2d 874, 691 P.2d 524 (1984), cert. denied, 471 U.S. 1075, 105 S.Ct. 2154, 85 L.Ed.2d 510 (1985). Supply System subsequently defaulted on the Project 4 and 5 bonds, while the Participants dropped their request for a

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" Chemical Bank v. Washington Public Power Supply System " by

The Washington Supreme Court erred in Chemical Bank by misapplying the distinctions between primary and secondary ultra vires that it had articulated in Edwards v. City of Renton and reaffirmed in Noel. In the interest of consistent, fair, and logical results, the court will ultimately need to retreat from the very technical interpretation of primary ultra vires that it applied in

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Haberman v. WPPSS :: 1988 :: Washington Supreme Court

FREDRIC HABERMAN, ET AL, Appellants, v. WASHINGTON PUBLIC POWER SUPPLY SYSTEM, ET AL, Respondents. No. 52559-5. The Supreme Court of Washington, En Banc. Five basic groups were named as defendants and are respondents on this appeal: the Supply System, the 23 members of the Supply System, Chemical Bank, the 88 WNP 4 and WNP 5

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Bonneville Power Administration, Plaintiff-appellant, v. Washington

Bonneville Power Administration, Plaintiff-appellant, v. Washington Public Power Supply System, Defendant, v. Chemical Bank, Plaintiff-intervenor-appellee.bonneville Power Administration, Plaintiff,andchemical Bank, Plaintiff-intervenor-appellee, v. Washington Public Power Supply System, Defendant,andportland General Electric Company; Puget Sound Power Andlight

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Chemical Bank v. Washington Public Power Supply System

Six Oregon defendants who prevailed in earlier litigation involving agreements to build two nuclear power plants brought suit to recover attorney fees under the Washington long-arm statute,

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Chemical Bank v. Washington Public Power Supply System: The

Chemical Bank v. Washington Public Power Supply System: The Questionable Use of the Ultra Vires Doctrine to Invalidate Governmental Take-Or-Pay Obligations David P. Wohabe. Recommended Citation. David P. Wohabe, Chemical Bank v. Washington Public Power Supply System: The Questionable Use of the Ultra Vires Doctrine to Invalidate

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Chemical Bank v. WPPSS :: 1985 :: Washington Supreme Court

Chemical Bank v. WPPSS - 104 Wash. 2d 98, 702 P.2d 128. 104 Wn.2d 98 (1985) 702 P.2d 128. CHEMICAL BANK, Respondent, v. WASHINGTON PUBLIC POWER SUPPLY SYSTEM, ET AL, Defendants, CENTRAL LINCOLN PEOPLE''S UTILITY DISTRICT, ET AL, Appellants.

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In Re Wash. Public Power Supply Sys. SEC. Lit., 720 F. Supp.

Chemical Bank v. Washington Public Power Supply System, 99 Wash. 2d 772, 666 P.2d 329 (1983), aff''d on rehearing, 102 Wash. 2d 874, 691 P.2d 524 (1984). On remand to the state Superior Court, the Participants'' Agreements, which had unconditionally obligated the participating utilities to make payments to cover the costs of the projects, whether

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Public Utility District No. 1 v. Washington Public Power Supply System

Read Public Utility District No. 1 v. Washington Public Power Supply System, 104 Wn. 2d 353, see flags on bad law, and search Casetext''s comprehensive legal database This court eventually resolved these disputes in Chemical Bank v. WPPSS, 99 Wn.2d 772, 666 P.2d 329 (1983) ( Chemical Bank I) and Chemical Bank v.

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Facing the Collapse of the Washington Public Power Supply System

This essay is divided into two parts. The first is a factual description of the Washington Public Power Supply System’s history. The second is an analysis of why things went wrong. There is no attempt made to find scapegoats: the purpose is to place the Supply...

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In Re Wash. Pub. Power Supply Sys. SEC. Litigation, 673 F

Chemical Bank v. Washington Public Power Supply System, 99 Wash. 2d 772, Haberman v. Washington Public Power Supply System, and Hoffer v. State of Washington, are both pending on appeal in the Washington Supreme Court. [3] The 1985 Amendment to § 21.20.430(7) reads:

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Chemical Bank v. Washington Public Power Supply System, 666

Washington Public Power Supply System, 666 P.2d 329, 99 Wash. 2d 772 — Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information. Chemical Bank v. Washington Public Power Supply System, 666 P.2d 329, 99 Wash. 2d 772 – CourtListener

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Chemical Bank v. Washington Public Power Supply System, 691

Washington Public Power Supply System, 691 P.2d 524, 102 Wash. 2d 874 — Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information. Chemical Bank v. Washington Public Power Supply System, 691 P.2d 524, 102 Wash. 2d 874 – CourtListener

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In Re Washington Public Power Supply Sys. SEC. Lit., 779 F.

Haberman v. Washington Public Power Supply System, 750 P.2d 254 (Wash.1988), app. dismd. American Express Travel Related Services Co. v. Washington Public Power Supply System, 488 U.S. 805, 109 S. Ct. 35, 102 L. Ed. 2d 15 (1988). These firms represented various plaintiffs, some of whom were Class members in MDL 551, in the state court litigation.

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A Cry for Reform in Construing Washington Muncipal

Washington Law Review Volume 59 Number 3 7-1-1984 A Cry for Reform in Construing Washington Muncipal Corporation Statutes—Chemical Bank v. Washington Public Power Supply System, 99 Wn. 2d 772, 666 P.2d 329 (1983) Richard Shattuck Follow this and additional works at: https://digitalcommons.law.uw /wlr Digital Commons Network Logo

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Chemical Bank v. Washington Public Power Supply System

Chemical Bank sued WPPSS and the participants, seeking a determination that the participants owed WPPSS sufficient funds to pay the bonds with interest. The participants disputed their

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Whoops! A $2 Billion Blunder: Washington Public Power Supply System

Chemical Bank may ask the U.S. Supreme Court to overturn the Washington ruling and make the Northwestern utilities live up to their contracts. As it is, the Northwesterners are not getting off

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" Chemical Bank v. Washington Public Power Supply System " by

The Washington Supreme Court erred in Chemical Bank by misapplying the distinctions between primary and secondary ultra vires that it had articulated in Edwards v. City of Renton and

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"A Cry for Reform in Construing Washington Muncipal

In Chemical Bank v. Washington Public Power Supply System (WPPSS), the Washington Supreme Court invalidated a participants'' agreement among municipal corporations for joint development of nuclear power plants. The supreme court held that the agreement was void and unenforceable against Washington cities, towns, and public utility districts because these

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Chemical Bank v. WPPSS: A Case of Judicial Meltdown

''Chemical Bank v. Washington Public Power Supply System and Columbia Rural Elec-trical Association, Inc., 99 Wash. 2d 772, 666 P.2d 329 (1983) (for clarity and brevity, the case will be referred to throughout as Chemical Bank v. WPPSS). 2Revenue bonds are issued by a public agency to raise capital. They are to be repayed by

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In Re Washington Public Power Supply System Securities Litigation, 650

In Re Washington Public Power Supply System Securities Litigation, 650 F. Supp. 1346 (W.D. Wash. 1986) case opinion from the US District Court for the Western District of Washington Chemical Bank v. Arthur Andersen & Co., 726 F.2d 930, 943 & n. 23 (2d Cir.1984), cert. denied, 469 U.S. 884, 105 S. Ct. 253, 83 L. Ed. 2d 190 (1984); Schlick v

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About Chemical bank v washington public power supply system

About Chemical bank v washington public power supply system

1. Should this court reconsider its decision in Chemical BankI? 2. Did the trial judge's order granting summary judgment in favor of all defendants exceed the proper scope of the declaratory judgment action i.

4. Do the Washington municipalities and PUD's have statutory authority, either express or implied.

7. If the participants are not contractually obligated to the bondholders, are they nonetheless estopped from denying the obligation under either common law notions of estoppel.

9. Did the release of the participants' contractual obligation violate the bondholders' constitutional rights? Our resolution of this case is as follows: .

For the reasons discussed below, we believe reconsideration of our decision in Chemical BankI is appropriate. We find the summary judgment order did not exceed the scope o.

We herein affirm our decision in Chemical BankI and reject appellants' arguments that the Legislature ratified the ultra vires contracts. We also affirm the trial judge's release of t.

Our review of the historical origins of equitable estoppel convinces us that the doctrine should not be applied to the facts of this case. We find that the statutory equivalent.On June 15, 1983, the Washington Supreme Court sent a shock wave through the public power establishment and the financial markets. The court, in Chemical Bank v. WPPSS, l excused forty-two Washington cities, public utility districts (PUDs), rural electric cooperatives, and irrigation

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