Sec. 22. (a) This chapter does not give a party to a contract for the sale and purchase of coal any greater rights under a force majeure provision of the contract than the party had before July 1, 1991.

     (b) The commission may not implement this chapter in a way that would give a party to a contract for the sale and purchase of coal any greater rights under a force majeure provision of the contract than the party had before July 1, 1991.

Terms Used In Indiana Code 8-1-27-22

  • commission: refers to the Indiana utility regulatory commission. See Indiana Code 8-1-1-1
  • Contract: A legal written agreement that becomes binding when signed.
  • public utility: means a public utility, a municipally owned utility, or a cooperatively owned utility. See Indiana Code 8-1-27-5
     (c) This chapter does not give the commission the authority to order a public utility to cancel, terminate, amend, or otherwise modify a contract for the purchase and sale of coal.

As added by P.L.76-1991, SEC.1.

  Previous section
Next section  
 Chapter 27 Contents