Energy Reserves also claimed that it was entitled to damages under the theory of promissory estoppel.
Plaintiffs appeal as of right.
These cases are the latest round in a legal battle that has spanned nearly ten years and has been addressed by this Court, the federal district court and the sixth circuit. Appellants are Amoco's successors in interest. The alternate price was the reported market price for No. 2 fuel oil. That prompted Consumers to seek renegotiation of its intrastate gas purchase contract, including the 1977 contract. Eventually, a settlement was reached.