Texas Utility Sues To Enforce Supply Contracts

Law360, New York (July 20, 2012, 8:07 PM EDT) -- The Lower Colorado River Authority on Wednesday asked a Texas state judge to review and uphold contracts it has with several wholesale power customers who announced that they intend to sever multimillion dollar agreements with the public utility over supply and fee disputes.

According to the suit, seven central Texas cities and electric cooperatives in June indicated that they were ending their power supply agreements with the utility four years early, citing alleged breaches of contract — a claim that LCRA general manager Becky Motal adamantly...
To view the full article, register now.