Texas Power

The Texas Supreme Court declined to wade into a fraud suit against Texas’ independent energy regulator filed by a power generator that invested $2.2 billion in two new power plants in reliance on the regulator’s projections of a shortfall of electricity. These projections were later revised to indicate an excess of generation capacity. However, the Texas Public Utility Commission has exclusive jurisdiction over these claims.

AUSTIN, Texas — The Texas Supreme Court declined to wade into a fraud suit against Texas’ independent energy regulator filed by a power generator that invested $2.2 billion in two new power plants in reliance on the regulator’s projections of a shortfall of electricity. These projections were later revised to indicate an excess of generation capacity. However, the Texas Public Utility Commission has exclusive jurisdiction over these claims.

Categories:Appeals, Energy

Texas Power

Read the Top 8

Additional Reads