West Virginia Electricity Clause Specifically Stating Availability Pricing Quantity and Quality of Service Provided

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Multi-State
Control #:
US-OL17013CA
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Description

This office lease clause specifically states the availability of electricity, the pricing, the quantity and the quality of the electricity provided to the demised premises.

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FAQ

In the United States, there are around 1,600 electric utility companies!

Number of electricity providers in the United States in 2022, by ownership type CharacteristicNumber of utilitiesMunicipal457Retail power marketer255Investor owned166Political subdivision838 more rows ?

Implied warranty: Merchantability; usage of trade. (1) Unless excluded or modified (section 2-316), a warranty that the goods shall be merchantable is implied in a contract for their sale if the seller is a merchant with respect to goods of that kind.

Ing to the U.S. Energy Information Administration (EIA), IOUs served 72 percent of U.S. electricity customers in 2017. Although there are fewer IOUs than publicly owned utilities and cooperatives, IOUs tend to be larger. IOUs serve three out of four utility customers in the country.

"A warranty is 'implied' where, from the circumstances sur- rounding the parties at the time of the sale or from the nature of the thing sold, the law assumes it to be just that the buyer should be protected, in addition to the contract of sale, by a further im- plied contract or guaranty on the part of the vendor, and ...

An implied warranty is a guarantee that is not written down or explicitly spoken. Article 2 of the Uniform Commercial Code ("UCC") governs the sale of goods. An implied warranty is automatically presumed regarding the sale of goods or real property, which prevents a risk from transferring to the buyer.

These utilities provide service to the using and consuming public within North Carolina and include the following: Electric ? 4 investor-owned companies, 1 university-owned companies, 32 electric cooperatives and 50 electric resellers.

This warranty may be excluded or modified by specific language in the contract to that effect, or ?by circumstances which give the buyer reason to know that the person selling does not claim title in himself or that he is purporting to sell only such right or title as he or a third person may have.? Com. Code §2312(2).

An investor-owned utility (IOU) is a for-profit company that provides electricity to customers. Examples: Pacific Gas & Electric (in California)

There are 54,085 Utilities businesses in the US as of 2022, an increase of 1.1% from 2021.

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West Virginia Electricity Clause Specifically Stating Availability Pricing Quantity and Quality of Service Provided