Somehow I missed this last week, but it looks like more than an error in accounting:
DuPont Chambers Works is being sued in Superior Court here by its neighboring power supplier for apparently defaulting on a $14 million electric bill.
The Chambers Cogeneration coal fire plant, which provides steam and electricity to DuPont’s 1,455-acre Deepwater facility, is seeking the amount along with interest and attorney fees for what it claims is a breach of contract.
That’s a pretty big bill. The electric company claims there is no reason DuPont can’t pay up:
“No condition exists that would excuse DuPont’s failure to pay Chambers in full for the amounts due and owing under the agreement,” claim attorneys from the law firm Archer and Greiner, representing the plaintiffs.
Here’s more about the agreement:
Under the terms of the contract, Chambers Cogeneration estimates prices quarterly based on the lesser of either the Atlantic City Electric system average retail rate or the Chambers Cogeneration Coal Price Index, while giving exact billings on an annual basis.
When the exact bills come in, DuPont would be reimbursed if it overpaid or owe the difference of the estimate and actual amount within 90 days if it underpaid, which attorneys infer contributed to the debt.
The lawsuit alleged that from the October notice of default, more than 30 days have passed “but DuPont has failed and refused to cure its default and to pay in full all amounts due.”
It’s pretty important hat this gets resolved, because DuPont is the second largest employer in Salem County with a full time staff of over 900.