RAIN CII CARBON, LLC v. ConocoPhillips Co.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
CARL E. STEWART, Circuit Judge:
Defendant-Appellant ConocoPhillips Company (“Conoco” or “COP”) appeals the district court’s judgment confirming an arbitration award favorable to Plaintiff-Appellee Rain CII Carbon, LLC (“Rain”). We AFFIRM.
I
Conoco and Rain are parties to a long-term supply agreement, whereby Conoco agreed to sell all green anode coke produced at its Alliance refinery from August 2005 to December 2015 to Rain. The 2005 agreement includes a complex formula for capturing the market price of green coke. The agreement further provides that if a party reasonably concludes that the…
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