Will SCOTUS require state-law compensation in private natural-gas condemnations?
·PoliticsIf the Supreme Court, in Hoffmann v. WBI Energy Transmission, Inc., rules state law governs the determination of just compensation in private condemnations under the Natural Gas Act, then the market resolves to Yes.
The Payout Criterion encompasses the Expiration Values that the Supreme Court has ruled that, in private condemnations under the Natural Gas Act, just compensation must be determined by reference to state law, after Issuance and before August 1, 2028. The market resolves to No if the Court rules that compensation is governed solely by federal law, including the constitutional minimum required by the Fifth Amendment, or if the case is dismissed, found to have been improvidently granted, remanded, or otherwise disposed of without a merits ruling on whether state law governs the determination of compensation.
