Legal Opinion
Chemical Bank v. Washington Public Power Supply System
Washington Supreme Court
Decided June 15, 1983No. 49186-1PublishedCited by 79 opinions
1Opinion of the CourtBrachtenbach, J.
The Washington Public Power Supply System (WPPSS) issued revenue bonds to obtain funds to construct two nuclear generating plants known as WNP-4 and WNP-5. Bonds in the face amount of approximately $2.25 billion have been issued; repayment with interest will cost approximately $7.2 billion. Chemical Bank is the trustee for the bondholders.
Construction of the two plants was undertaken. On January 22, 1982, WPPSS terminated construction of both plants. At that time WNP-4 was approximately 24 percent completed and WNP-5 approximately 16 percent completed. Costs to date had almost reached the…
2Cases cited20 opinions
- Hillis Homes, Inc. v. Snohomish CountyWashington Supreme Court · 2002
- Roehl v. Public Utility District No. 1Washington Supreme Court · 1953
- In Re Petition of SeattleWashington Supreme Court · 1981
- Noel v. ColeWashington Supreme Court · 1982
- Port of Seattle v. Washington Utilities & Transportation CommissionWashington Supreme Court · 1979
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3Cited by79 opinions
- Haberman v. Washington Public Power Supply SystemWashington Supreme Court · 1988
- Class v. City of SeattleCourt of Appeals for the Ninth Circuit · 1992
- PUD DISTRICT NO. 1, KLICKITAT COUNTY v. International Insurance Co.Washington Supreme Court · 1994
- Transcontinental Ins. Co. v. WA. PUBLIC UTILITIES DISTRICTS'UTILITY SYSTEMWashington Supreme Court · 1988
- Hoffer v. StateWashington Supreme Court · 1988
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