Texas High Court Ruling Allows Power Co. To Recoup $900M

Law360, New York (June 13, 2011, 7:38 PM EDT) -- The Texas Supreme Court denied three rehearing motions Friday in a dispute over recovery costs stemming from a 1999 state deregulation law, clearing the way for CenterPoint Energy Inc. to pursue $900 million in so-called stranded costs before the Public Utility Commission of Texas.

The court turned down motions from the PUC, the state of Texas and a group of petitioners including the city of Houston. It had issued a decision in March determining that the PUC should have used a different method to calculate the...
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