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USGen New Eng. Inc. v. TransCanada Pipeline Ltd. (In re USGen New England Inc.)

USGen New Eng. Inc. v. TransCanada Pipeline Ltd. (In re USGen New England Inc.)

Ruling
Canadian company's claim under contract for transport of natural gas through pipelines allowed subject to adjustment for mitigation credit.
Procedural posture

Debtor filed a petition under chapter 11 of the Bankruptcy Code, and a Canadian pipeline company filed an amended claim in the amount 52,426,566 Canadian dollars against the debtor's bankruptcy estate. The court approved the debtor's plan for repaying its creditors and held a trial on the debtor's objection to the Canadian company's claim.

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Commercial opinion summary, case decided on April 01, 2010 , LexisNexis #0710-069