CPS Energy seeks trial over gas prices in 2021 storm

CPS Energy’s legal battles over bills for high-priced natural gas it bought during Winter Storm Uri are still being fought three years later, with the city-owned utility now seeking a jury trial to hear its arguments about suppliers it says were price gouging and engaging in other improper practices. The February 2021 winter storm led to power outages of more than two days in some San Antonio neighborhoods, the near collapse of the Texas electric grid and the deaths of at least 246 Texans.

Energy’s tab for legal war after 2021 winter storm is nearly $17M. What have customers gained? But new filings in state district court in Bexar County, as well as arguments in a recent hearing on those filings, suggest the city-owned utility is not backing down as it seeks a trial in its battle to recoup costs or avoid paying its bills from a pair of Texas pipeline companies. They provide fresh insight into a legal battle that’s so far been waged mainly behind closed doors.

Consumers lose a round in lawsuit against power generators over their failings in Winter Storm Uri It countersued, accusing CPS of violating its purchase agreement. As a result, the parties have spent the past few years fighting in court. The most recent filing focuses on a $100 million balance Enterprise says it’s owed. CPS attorney Lauren A.

argues its case that ERCOT can be sued for overcharging during deadly 2021 winter storm About a year ago, CPS executives said the utility’s legal team had reached settlements with some gas suppliers, but declined to disclose which suppliers or how much it had recouped. At the time, it had spent nearly $17 million on legal expenses in the litigation, and the utility would say only that the deals it struck with gas suppliers had paid its legal expenses several times over.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

San Antonio plans to stave off CPS Energy rate hikes by selling more to Texas gridThe city is selling more energy on Texas' wholesale market, which could help shore up the utility's infrastructure and avoid rate increases.
Fonte: SAReport - 🏆 252. / 63 Consulte Mais informação »

San Antonio will send future windfalls back to CPS Energy, hopes to mitigate rate hikesSan Antonio City Council members appear to be on board with a plan to return money to CPS Energy when the utility’s payments to the city far exceed expectations.
Fonte: ksatnews - 🏆 442. / 53 Consulte Mais informação »

CPS Energy's strategy for San Antonio good for ERCOT gridSan Antonio's city electricity utility leads Texas and the nation in grid reliability, affordability and sustainability.
Fonte: ExpressNews - 🏆 519. / 51 Consulte Mais informação »

CPS Energy receives $2.45 million federal grant for gas infrastructure upgradesThe infrastructure set to be replaced is located in a low-income community on the West Side, a CPS Energy news release said. The project, which will improve safety and performance measures, is expected to conclude by the end of the year.
Fonte: ksatnews - 🏆 442. / 53 Consulte Mais informação »

CPS Energy picks Oracle to overhaul dated software in $70 million dealCPS Energy picks Austin's Oracle Corp. to lead aging software overhaul in $70 million deal
Fonte: ExpressNews - 🏆 519. / 51 Consulte Mais informação »

CPS Energy trustees approve 10-year contract with software provider OracleThe new software system, managed by Austin-based Oracle, would allow CPS Energy to implement a variable rate structure in the future.
Fonte: SAReport - 🏆 252. / 63 Consulte Mais informação »