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Monday, June 17, 2024 | Back issues
Courthouse News Service Courthouse News Service

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

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