AEP Energy Services Gas Holding Co. v. Bank of America, N.A.

SACK, Circuit Judge:

This action stems from a dispute over the rights to natural gas stored in the Bammel Gas Storage Facility, an underground gas reservoir located in Texas. The plaintiffs, AEP Energy Services Gas Holding Company (“AEP”), Houston Pipe Line Company LP (“HPL”), and HPL Resources Company LP (“HPLR”) (hereinafter sometimes collectively the “plaintiffs”) entered into a complex series of transactions with Enron Corporation or affiliates thereof (hereinafter collectively “Enron”), Bank of America, and the Bank of New York with respect to the right to use certain natural gas and…