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Judge rules against CPS Energy in $400 million 2021 winter storm gas contract dispute

Summary by tpr.org
A judge ruled that CPS Energy breached contracts for natural gas purchased during the February 2021 winter storm, rejecting the municipally owned utility's claim that the agreements were unconscionable and ordering it to pay nearly $400 million to two Energy Transfer subsidiaries.

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tpr.org broke the news on Saturday, July 4, 2026.
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