§3309. Performance of contracts; commercially reasonable business practices






In the performance or enforcement of any contract for the purchase of energy resources
by a transmission and distribution utility, all parties shall act in good faith and
observe reasonable commercial standards of fair dealing. Conformance to this standard
does not constitute imprudent utility behavior. [1999, c. 398, Pt. A, §83 (AMD); 1999, c. 398, Pt. A, §§104, 105 (AFF).]





SECTION HISTORY

1993, c. 712, §7 (NEW).
1999, c. 398, §A83 (AMD).
1999, c. 398, §§A104,105 (AFF).