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WHITE CURRENT CORP. v. VERMONT ELEC.

No. 90-083.

609 A.2d 222 (1992)

WHITE CURRENT CORPORATION v. VERMONT ELECTRIC COOPERATIVE, INC. and Vermont Electric Generation and Transmission Cooperative, Inc., et al.

Supreme Court of Vermont.

Motion for Reargument Denied March 30, 1992.

Attorney(s) appearing for the Case

William J. Donahue, White River Junction, and Roger Lamson, Hartland, for plaintiff-appellee.

Michael L. Burak, David M. Hyman and Andrew H. Montroll of Burak & Anderson, Burlington, for defendants-appellants.

Before ALLEN, C.J., GIBSON, DOOLEY and MORSE, JJ., and MARTIN, Superior Judge, Specially Assigned.

ALLEN, Chief Justice.

This interlocutory appeal focuses on a letter of intent executed by appellant electric cooperatives (Vermont Electric Cooperative, Inc. and its subsidiary Vermont Electric Generation and Transmission Cooperative, Inc.) and appellee White Current, Inc., a small power producer. During the liability phase of a bifurcated trial, the jury found that the letter constituted a binding contract for the purchase of electrical energy which the cooperatives...

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