CEC Energy Co. v. Virgin Islands Water & Power Authority

765 F. Supp. 1234, 1991 WL 94442, 1991 U.S. Dist. LEXIS 13146
CourtDistrict Court, Virgin Islands
DecidedFebruary 28, 1991
DocketCiv. No. 1985-202
StatusPublished

This text of 765 F. Supp. 1234 (CEC Energy Co. v. Virgin Islands Water & Power Authority) is published on Counsel Stack Legal Research, covering District Court, Virgin Islands primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
CEC Energy Co. v. Virgin Islands Water & Power Authority, 765 F. Supp. 1234, 1991 WL 94442, 1991 U.S. Dist. LEXIS 13146 (vid 1991).

Opinion

MEMORANDUM

HUYETT, District Judge, Sitting by Designation.

This cause is before the court on motion of defendant, Virgin Islands Water and Power Authority (“WAPA”), to vacate the injunction previously entered in this action, to discharge the special master assigned to monitor the injunction, and to declare the agreement between the parties, which forms the basis of this dispute, terminated.

[1236]*1236Plaintiff, CEC Energy Co., Inc. (“CEC”), seeks an order staying the proceedings, and compelling arbitration of WAPA’s claim that the agreement between the parties is terminated, and CEC’s claims for breach of contract and indemnity. Because CEC consents to vacation of the injunction, and to discharge of the special master, and for the reasons stated below, WAPA’s motion shall be granted in part and denied in part. CEC’s motion to stay the proceedings shall be denied as moot. CEC’s motion to compel arbitration shall be granted in relevant part.

In early 1985, CEC’s parent company, Donaldson, Lufkin & Jenrette, a New York investment bank, began discussions with WAPA about the possibility of providing a 20 megawatt electric power generating facility (the “Facility”) on the Island of St. Croix, U.S. Virgin Islands. These discussions eventually led to the signing of an agreement (the “Agreement”) on May 23, 1985, whereby CEC would be responsible for the design, construction, financing, installation and operation of the proposed Facility.

Soon after the Agreement was signed, a number of local entities, disappointed with the Agreement, attempted to foil its execution. South Shore Alumina, a competing local group attempted to obtain a similar contract with WAPA through its connections with the Virgin Islands government. General Engineering Corp., a losing bidder for the project, filed a law suit to void the Agreement. Several members of the WAPA board in favor of maintaining the Agreement were removed in the political fray that followed.

These events spawned three separate law suits which were consolidated into this action and tried in a six day nonjury trial by the late Chief Judge David V. O’Brien. Judge O’Brien upheld the validity of the Agreement, and enjoined all other parties from interfering with the rights and obligations created under the Agreement.1

Section 14 of the Agreement stated certain conditions under which either CEC or WAPA is permitted to terminate the Agreement. More specifically, section 14.3 of the Agreement permits WAPA, at its option, to terminate the Agreement if the Facility is not operational within four years of the signing of the Agreement.

On August 5, 1987, CEC and WAPA executed an amendment to the Agreement changing the date on which the Agreement is deemed to have been signed for purposes of sections 14.1.1, 14.1.2, and 14.3 of the Agreement, from May 23, 1985 to January 23, 1987. The effect of the amendment was to extend the date on which the Facility was required to be operational from May 23, 1989 to January 23, 1991. The amendment extended the date on which WAPA was permitted to terminate the Agreement to January 23, 1991.

On March 11, 1988, a consent order was entered into by CEC and WAPA appointing Joel Holt Esq. as a special master to oversee compliance with the permanent injunction issued by the court, and to monitor compliance of the parties with their obligations under the Agreement.

The special master was given broad powers to “complete and implement the Service Agreement, bearing in mind that the ‘Facility’ ... must be in full operation on or before December 31, 1990.” Consent Order at 11 3. An aggrieved party could appeal any decision of the special master to the court within three days of its issuance. Consent Order at H 4. The court was to enforce any decisions of the special master not complied with by the parties. Consent Order at ¶ 5. None of the parties have appealed any of the special master’s numerous orders.

CEC’s damage claims for tortious interference of the Agreement were stayed pending the special master’s recommendation to the court that discovery recommence and the damage claims be pursued in the court. Consent Order at 11 6.

CEC candidly admitted on the record that it is unable to complete the Facility by the completion date, and cannot predict when [1237]*1237the Facility could possibly be operational. Nor has CEC secured financing, or the required permits, for the Facility.

On December 17, 1990, counsel for WAPA sent a letter to CEC stating that WAPA was exercising its right, under section 14.3, to terminate the Agreement because the Facility is not yet operational, and there is no hope of completing the Facility in the near future.

A hearing on the motions was held on February 14, 1991, at which, CEC presented the testimony of E. Jay Lobit, a consultant for CEC.2 The hearing recommenced in chambers on February 21, 1991. In chambers, CEC consented, on the record, to WAPA’s motion to vacate the injunction and discharge the special master.3 CEC specifically reserved its right to seek indemnity, and money damages on the basis that the Agreement was not lawfully terminated.4

WAPA's request for a judgment declaring that the Agreement is terminated is moot for two reasons. Firstly, WAPA unilaterally terminated the Agreement by its December, 17, 1990 letter notifying CEC that WAPA was exercising its right under section 14.3 to terminate the Agreement. Secondly, the question of termination was initially before the court only as a prerequisite to the vacation of the injunction. We need not address the issue of termination because CEC and WAPA have stipulated that the injunction shall be vacated, and the special master discharged. Further, CEC stated on the record that it does not envision completing the Facility at this point, and that WAPA is free to contract with other parties for the completion of a similar facility, subject to CEC’s claims for indemnity and breach of the Agreement.5

CEC’s moved to stay the proceedings and compel arbitration of the following issues: a) whether the Agreement has terminated or has been extended as a result of WAPA’s conduct; b) whether WAPA has breached the Agreement since the injunction was entered, and if so, what are CEC’s damages; c) whether CEC is entitled to indemnity pursuant to section 16 of the Agreement for WAPA’s alleged breaches of the Agreement; and d) whether CEC is entitled to compensatory damages for WAPA’s alleged breach of the Agreement prior to the injunction.

Section 19 of the Agreement contains an arbitration provision which states in pertinent part:

19.1. Any dispute between the Parties, other than a dispute relative to payment obligations hereunder, or a dispute relating to any provision of Section 12 hereunder, arising out of the making, performance or breach of this Agreement shall be resolved by arbitration conducted in accordance with the rules of the American Arbitration Association....

Section 33 of the Agreement states that “[t]his Agreement shall be governed by and construed in accordance with the laws of New York or the United States as applicable.”

The Federal Arbitration Act, 9 U.S.C. § 1 et seq.

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765 F. Supp. 1234, 1991 WL 94442, 1991 U.S. Dist. LEXIS 13146, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cec-energy-co-v-virgin-islands-water-power-authority-vid-1991.