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Tennessee Gas Pipeline v. USGen New England, Inc.
National Energy & Gas Transmission
Winston & Strawn secured a favorable litigation outcome for client USGen New England, Inc. in a $41 million claim filed by Tennessee Gas Pipeline arising from USGen?s rejection in bankruptcy of a long-term gas transportation contract. The contested issues centered on mitigation credit for resales and the calculation of future damages. After a six-day bench trial, the bankruptcy court entered an order finding in USGen?s favor on all contested facts. After entry of the order, the parties negotiated a settlement of $9 million.