Energy Transfer wins $392M judgment in Texas 2021 winter storm dispute (ET:NYSE)

CPS Energy to pay around $400M for Winter Storm Uri gas

CPS Energy alleged that Energy Transfer’s subsidiaries engaged in “unlawful and unconscionable price gouging” for natural gas, but a judge ruled against the utility.

Energy Transfer wins $392M judgment in Texas 2021 winter storm dispute (ET:NYSE)

Energy Transfer won a $392M judgment in a Texas court over a failed challenge from San Antonio’s city-owned utility over gas prices during the February 2021 Winter Storm Uri.

Energy Transfer Nets $393M Final Judgment in Winter Storm Uri Gas Pricing Dispute

After a three-week bench trial in Bexar County, Judge Laura Salinas hit CPS Energy with a $393 million final judgment in favor of Energy Transfer against CPS Energy in a contract dispute stemming from gas rates during 2021 Winter Storm Uri. The post Energy Transfer Nets $393M Final Judgment in Winter Storm Uri Gas Pricing Dispute appeared first on The Texas Lawbook.